|
|
|
MIRA INFORM REPORT
|
Report No. : |
494560 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PULAI ROCK INDUSTRIES SDN. BHD. |
|
|
|
|
Registered Office : |
No.12a (1st Floor), Jalan Dass, 30300 Ipoh, Perak, Malaysia |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
25.01.2007 |
|
|
|
|
Com. Reg. No.: |
760580-X |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in the manufacturing & trading of
calcium carbonate chippings, powder and related products. |
|
|
|
|
No. of Employees : |
50 [2018] |
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 : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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. |
: |
760580-X |
||||
|
GST NO. |
: |
001924546560 |
||||
|
COMPANY NAME |
: |
PULAI ROCK INDUSTRIES SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
25/01/2007 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
NO.12A (1ST FLOOR), JALAN DASS, 30300 IPOH, PERAK, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
PT 24219, KERAMAT PULAI INDUSTRIAL PARK, SIMPANG PULAI, 31300
IPOH, PERAK, MALAYSIA. |
||||
|
TEL.NO. |
: |
05-3578188 |
||||
|
FAX.NO. |
: |
05-3575088 |
||||
|
WEB SITE |
: |
WWW.PULAIROCK.COM |
||||
|
CONTACT PERSON |
: |
GOH RI FATTDIMPPPT ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
23 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING & TRADING OF CALCIUM CARBONATE CHIPPINGS,
POWDER AND RELATED PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 100,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 100,000.00 DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
50 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
UNKNOWN |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
HISTORY
/ BACKGROUND
|
The Subject is an exempt private company which is allowed to have
a minimum of two and a maximum of twenty shareholders and all the shareholders must
be individuals. An exempt company is a type of private limited company. 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, suing or be sued by other companies. The Subject is governed by the
Companies Act, 1965 and must file in its annual return. The Subject need not
file in its financial statements but it has to file in a document duly signed
by its director in charge of its finance, the secretary and its auditor stating
that the Subject is able to meet all its obligations as and when they fall due.
Although the Subject is not required to file in its financial statements, it
also has to prepare its financial account which must be presented at the Annual
General Meeting.
The Subject is principally engaged in the (as a / as an)
manufacturing & trading of calcium carbonate chippings, powder and related
products.
The Subject is not listed on Bursa Malaysia (Malaysia Stock
Exchange).
Former Address(es)
|
Address |
As At Date |
|
PLOT 5, KERAMAT PULAI INDUSTRIAL PARK, MUKIM SUNGAI RAYA, DAERAH
KINTA, SIMPANG PULAI, 31300, PERAK, MALAYSIA |
26/09/2016 |
|
81 (1ST FLOOR), JALAN MARKET, 30000, PERAK, MALAYSIA |
26/11/2014 |
|
73A, PERSIARAN SENGAT 2, TAMAN BERSATU, 31300, PERAK, MALAYSIA |
N/A |
|
PT154297 H S (D)71076 TELUK LIAT, MUKIM SUNGAI RAYA, DAERAH
KINTA, 31300, PERAK, MALAYSIA |
N/A |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
15/02/2013 |
MYR 100,000.00 |
MYR 100,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. GOH RI FATTDIMPPPT + |
79 DATARAN RAPAT BARU 19, TAMAN LAPANGAN MELODI, 31350 IPOH,
PERAK, MALAYSIA. |
700814-08-5929 A1757893 |
99,999.00 |
100.00 |
|
DATIN YEONG SOW KEEN + |
NO. 79, DATARAN RAPAT BARU 19, TAMAN LAPANGAN MELODI, 31350
IPOH, PERAK, MALAYSIA. |
760605-08-5708 |
1.00 |
0.00 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
CHAN KAM LEONG |
MALAYSIA |
590528-08-5077 |
N/A |
N/A |
|
CHAN PICK KEUM |
MALAYSIA |
641104-08-5126 |
N/A |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
DATIN YEONG SOW KEEN |
|
Address |
: |
NO. 79, DATARAN RAPAT BARU 19, TAMAN LAPANGAN MELODI, 31350
IPOH, PERAK, MALAYSIA. |
|
New IC No |
: |
760605-08-5708 |
|
Date of Birth |
: |
05/06/1976 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
03/09/2007 |
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 |
838466T |
JATI QUARRY SDN. BHD. |
Director |
11/11/2011 |
250,000.00 |
50.00 |
MYR(4,312.00) |
2012 |
- |
25/01/2018 |
|
2 |
157722P |
KUARI BUKIT PULAI SDN.BHD. |
Director |
27/05/2013 |
50,000.00 |
10.00 |
MYR15,754.00 |
2012 |
- |
25/01/2018 |
|
3 |
760580X |
PULAI ROCK INDUSTRIES SDN. BHD. |
Director |
03/09/2007 |
1.00 |
0.0010 |
MYR6,265,202.00 |
2011 |
- |
25/01/2018 |
|
4 |
1201996U |
PULAI ROCK LIMESTONES SDN. BHD. |
Director |
15/09/2016 |
1.00 |
50.00 |
282.00 |
- |
- |
25/01/2018 |
|
5 |
850883V |
PULAI ROCK QUARRY SDN. BHD. |
Director |
23/03/2009 |
40,000.00 |
20.00 |
MYR162,553.00 |
2011 |
- |
25/01/2018 |
|
6 |
887851K |
PULAI ROCK RESOURCES SDN. BHD. |
Director |
27/01/2010 |
75,000.00 |
30.00 |
MYR(2,730.00) |
2011 |
- |
25/01/2018 |
|
7 |
184263X |
SRI SARANA TIMBER ENTERPRISE SDN. BHD. |
Director |
01/06/2012 |
21,000.00 |
10.00 |
MYR2,111.00 |
2014 |
- |
25/01/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. GOH RI FATTDIMPPPT |
|
Address |
: |
79 DATARAN RAPAT BARU 19, TAMAN LAPANGAN MELODI, 31350 IPOH,
PERAK, MALAYSIA. |
|
Other Address(es) |
: |
PLOT 5, KERAMAT PULAI INDUSTRIAL PARK, MUKIM SG. RAYA, DAERAH KINTA,
SIMPANG PULAI, 31300 IPOH, PERAK, MALAYSIA. |
|
IC / PP No |
: |
A1757893 |
|
New IC No |
: |
700814-08-5929 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
25/01/2007 |
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 |
838466T |
JATI QUARRY SDN. BHD. |
Director |
11/11/2011 |
250,000.00 |
50.00 |
MYR(4,312.00) |
2012 |
- |
25/01/2018 |
|
2 |
1041117U |
KOW HOCK BUILDING MATERIALS (GAYA) SDN. BHD. |
Director |
04/04/2013 |
6.00 |
60.00 |
MYR72,289.00 |
2016 |
- |
25/01/2018 |
|
3 |
1035425T |
KOW HOCK CONSTRUCTION (M) SDN. BHD. |
Director |
21/02/2013 |
100,001.00 |
50.00 |
MYR(159,244.00) |
2016 |
- |
25/01/2018 |
|
4 |
157722P |
KUARI BUKIT PULAI SDN.BHD. |
Director |
27/05/2013 |
200,000.00 |
40.00 |
MYR15,754.00 |
2012 |
- |
25/01/2018 |
|
5 |
760580X |
PULAI ROCK INDUSTRIES SDN. BHD. |
Director |
25/01/2007 |
99,999.00 |
100.00 |
MYR6,265,202.00 |
2011 |
- |
25/01/2018 |
|
6 |
1201996U |
PULAI ROCK LIMESTONES SDN. BHD. |
Director |
15/09/2016 |
1.00 |
50.00 |
282.00 |
- |
- |
25/01/2018 |
|
7 |
850883V |
PULAI ROCK QUARRY SDN. BHD. |
Director |
23/03/2009 |
160,000.00 |
80.00 |
MYR162,553.00 |
2011 |
- |
25/01/2018 |
|
8 |
887851K |
PULAI ROCK RESOURCES SDN. BHD. |
Director |
27/01/2010 |
175,000.00 |
70.00 |
MYR(2,730.00) |
2011 |
- |
25/01/2018 |
|
9 |
184263X |
SRI SARANA TIMBER ENTERPRISE SDN. BHD. |
Director |
15/03/2012 |
189,000.00 |
90.00 |
MYR2,111.00 |
2014 |
- |
25/01/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
IP0142480W |
ASSON JAYA ENTERPRISE |
PARTNERSHIP |
18/06/2004 |
0.00 |
- |
25/01/2018 |
|
2 |
IP0238648A |
GOH RI FATT ENTERPRISE |
SOLE PROPRIETORSHIP |
20/04/2006 |
100.00 |
- |
25/01/2018 |
|
3 |
IP0342074M |
PULAI AUTO AND MACHINERY PARTS |
PARTNERSHIP |
21/02/2011 |
50.00 |
- |
25/01/2018 |
FORMER
DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
CHAN PICK KEUM |
NO. 17, PESARA SINFAR, TAMAN SINFAR, IPOH, PERAK, MALAYSIA |
641104-08-5126 |
25/01/2007 |
03/09/2007 |
|
CHAN KAM LEONG |
NO. 86, KLEDANG 8, TAMAN EMAS, MENGLEMBU, PERAK, MALAYSIA |
590528-08-5077 |
25/01/2007 |
03/09/2007 |
|
AZMAN BIN HANAFIAH |
NO.2, LALUAN SAUJANA 7, TAMAN SAUJANA, BATU GAJAH, PERAK,
MALAYSIA |
751115-10-5601 |
14/10/2013 |
31/12/2014 |
Note : The above information was generated from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
GOH RI FATTDIMPPPT |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
M.F.CHAI & CO |
|
Auditor' Address |
: |
NO. 81, JALAN MARKET, 30000 IPOH, PERAK, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MR. NEOH TONG JOO |
|
IC / PP No |
: |
A1596785 |
|
|
New IC No |
: |
700617-07-5377 |
|
|
Address |
: |
NO. 6 LINTANG MURAI, TAMAN RANTAU DAMAI, 14300 NIBONG TEBAL,
PULAU PINANG, MALAYSIA. |
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
02/12/2008 |
N/A |
PUBLIC BANK BERHAD |
- |
Satisfied |
|
2 |
12/06/2009 |
N/A |
EON BANK BERHAD |
MYR 1,200,000.00 |
Satisfied |
|
3 |
24/08/2012 |
N/A |
HONG LEONG BANK BERHAD |
- |
Satisfied |
|
4 |
04/03/2014 |
N/A |
HONG LEONG BANK BERHAD |
- |
Satisfied |
|
5 |
21/04/2016 |
N/A |
HONG LEONG BANK BERHAD |
- |
Unsatisfied |
|
6 |
21/04/2016 |
N/A |
HONG LEONG BANK BERHAD |
- |
Unsatisfied |
|
7 |
27/11/2017 |
N/A |
RHB BANK BERHAD |
- |
Unsatisfied |
LITIGATION
CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank against the Subject whether the Subject
has been involved in any litigation. Our databank consists of 99% of the wound
up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
|
PAYMENT RECORD |
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Products manufactured |
: |
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
50 |
||||||||
|
Branch |
: |
|
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing &
trading of calcium carbonate chippings, powder and related products.
The Subject is committed in the development of high grade calcium carbonate
products that will meet the industry's stringent quality standards.
The Products are as follows:
Coated Calcium Carbonate Powder
Uncoated Calcium Carbonate Powder
Limestone Chippings
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated
that :
|
Telephone Number Provided By Client |
: |
605 357 8188 |
|
Current Telephone Number |
: |
05-3578188 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
PT 24219, KERAMAT PULAI INDUSTRIAL PARK 31300 SIMPANG PULAI,
PERAK |
|
Current Address |
: |
PT 24219, KERAMAT PULAI INDUSTRIAL PARK, SIMPANG PULAI, 31300
IPOH, PERAK, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
NO |
Other Investigations
We contacted one of the staff from the Subject and he provided
some information.
The address provided is incomplete.
FINANCIAL
ANALYSIS
|
|
The Subject is a private exempt company which does not need to
file in its accounts with the Registrar of Companies for the information of the
public. Therefore, we are not able to comment on the Subject's financial
performance. |
||||||
|
Overall financial condition of the Subject : N/A |
||||||
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators: |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Population ( Million) |
30.0 |
31.0 |
31.6 |
32.1 |
32.9 |
|
Gross Domestic Products ( % ) |
6.0 |
4.6 |
4.2 |
5.3 |
5.4 |
|
Domestic Demand ( % ) |
6.4 |
6.2 |
4.3 |
6.3 |
6.4 |
|
Private Expenditure ( % ) |
7.9 |
6.9 |
7.8 |
7.4 |
7.3 |
|
Consumption ( % ) |
6.5 |
6.1 |
5.1 |
6.9 |
6.8 |
|
Investment ( % ) |
12.0 |
8.1 |
10.0 |
9.3 |
8.9 |
|
Public Expenditure ( % ) |
2.3 |
4.2 |
3.3 |
5.3 |
5.5 |
|
Consumption ( % ) |
2.1 |
4.3 |
2.0 |
2.7 |
1.3 |
|
Investment ( % ) |
2.6 |
(1.0) |
1.1 |
3.4 |
3.8 |
|
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 |
6.73 |
- |
|
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 |
(12.7) |
11.8 |
- |
|
Rubber |
(10.4) |
(11.0) |
(6.3) |
10.8 |
- |
|
Forestry & Logging |
(4.2) |
(7.2) |
(3.0) |
(15.0) |
- |
|
Fishing |
2.7 |
2.1 |
2.2 |
0.2 |
- |
|
Other Agriculture |
6.2 |
6.0 |
5.1 |
2.4 |
- |
|
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 |
4.3 |
6.5 |
- |
|
Electrical & Electronics |
11.8 |
9.2 |
6.8 |
9.3 |
- |
|
Rubber Products |
(1.3) |
5.1 |
5.0 |
6.9 |
- |
|
Wood Products |
7.8 |
7.0 |
7.8 |
7.3 |
- |
|
Textiles & Apparel |
10.8 |
7.5 |
7.5 |
7.4 |
- |
|
Domestic-oriented Industries |
7.7 |
4.7 |
3.4 |
6.2 |
- |
|
Food, Beverages & Tobacco |
6.1 |
8.9 |
7.5 |
11.0 |
- |
|
Chemical & Chemical Products |
1.4 |
3.5 |
4.5 |
3.5 |
- |
|
Plastic Products |
2.7 |
3.9 |
5.1 |
- |
- |
|
Iron & Steel |
2.8 |
1.6 |
2.2 |
- |
- |
|
Fabricated Metal Products |
2.8 |
4.6 |
5.6 |
4.6 |
- |
|
Non-metallic Mineral |
6.9 |
6.8 |
6.3 |
5.4 |
- |
|
Transport Equipment |
14.4 |
5.2 |
(3.1) |
4.7 |
- |
|
Paper & Paper Products |
4.7 |
3.2 |
5.4 |
5.8 |
- |
|
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 |
|
|
23 : MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS |
|
|
INDUSTRY : |
MANUFACTURING |
|
The manufacturing sector is forecast to increase 5.3% in year 2018
(2017: 5.5%). Output of export-oriented industries is projected to expand on
account of sustained demand for E&E, refined petroleum and woods
products. Growth in the domestic-oriented industries is anticipated to remain
resilient supported by ongoing construction of infrastructure projects as
well as strong demand for consumer products, especially food and transport
equipment. |
|
|
Value added of the manufacturing sector expanded further by 5.8%
during the first half of 2017 (January – June 2016: 4.4%) with expansion
across a wide range of outputs in both the export- and domestic-oriented
industries. During the first eight months, production increased 6.4%, while
sales rebounded significantly by 15.6% to RM500.2 billion (January – August
2016: 4%; -0.7%; RM432.8 billion). Output of export-oriented industries rose
6.5% (January – August 2016: 4.3%) led by an upturn in global electronics
cycle and further enhanced by strong demand for resource-based products.
Meanwhile, domestic-oriented industries expanded 6.2% (January – August 2016:
3.4%) benefiting from vibrant consumption and construction activities. |
|
|
Within the export-oriented industries, E&E output expanded
9.3% while sales surged 16.3% to RM169.5 billion (January – August 2016:
6.8%; 9%; RM145.8 billion). Growth emanated mainly from the expansion in
output of printed circuit boards, semiconductor devices and electronic
integrated circuits which strengthened further by 24.4%, 11.9% and 16.9%
(January – August 2016: 11.9%; 5.9%; 15%), respectively. This is in line with
the trend in global semiconductor sales which is expected to expand 11.5% in
2017, the highest level since 2010. On the contrary, the output of computers
and peripheral equipment contracted 7.7% (January – August 2016: 3.1%) as a
result of lower demand for notebooks and personal computers following rising
preferences for smartphones and tablets. Meanwhile, consumer electronics grew
at a moderate pace of 2.6% (January – August 2016: 5.3%) partly due to lower
demand for in-car entertainment, portable media players and digital cameras. |
|
|
Output of wood and wood products grew 7.3% (January – August
2016: 7.8%). The growth was primarily supported by output of sawmilling and planning
of wood which expanded 14.7% (January – August 2016: 16.8%) in response to
strong demand from Australia, Japan and the US. Meanwhile, production of
wooden and cane furniture remained steady at 10.9% (January – August 2016:
10.9%), benefiting from greater adoption of technology and diversification of
export markets. |
|
|
Manufacture of food products rose 11.2%, largely attributed to a
significant increase in refined palm oil at 26.1% (January – August 2016:
6.3%; -3.3%), following higher production of CPO. Meanwhile, output of other
food products grew 7% supported by production of bread, cakes and other
bakery (15.6%) as well as biscuits and cookies (12%) to meet the rising
demand from households (January – August 2016: 11.1%; 19.2%; 19.1%). |
|
|
For the year, the manufacturing sector is projected to expand
further by 5.5% (2016: 4.4%) mainly attributed to an upturn in global
semiconductor sales as well as higher demand for consumer products and
construction materials. |
|
|
OVERALL INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
Financials
|
PROFIT AND LOSS ACCOUNT |
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH
MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
PULAI ROCK INDUSTRIES SDN. BHD. |
Note : The Subject is an Exempt Private Company and it is not required
by law to file its financials for public view. The below financials are the
last financial that submitted by the Subject to the Registrar before changed to
Exempt Private Company.
|
Financial Year End |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
2007-12-31 |
|
Months |
12 |
12 |
12 |
12 |
11 |
|
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 |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
10,312,834 |
11,758,691 |
10,865,678 |
11,835,258 |
4,459,515 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
10,312,834 |
11,758,691 |
10,865,678 |
11,835,258 |
4,459,515 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
6,591,154 |
1,116,277 |
1,391,633 |
912,877 |
186,871 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
6,591,154 |
1,116,277 |
1,391,633 |
912,877 |
186,871 |
|
Taxation |
(325,952) |
(298,900) |
(165,772) |
(210,500) |
(41,500) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
6,265,202 |
817,377 |
1,225,861 |
702,377 |
145,371 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
6,265,202 |
817,377 |
1,225,861 |
702,377 |
145,371 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
6,265,202 |
817,377 |
1,225,861 |
702,377 |
145,371 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
2,890,986 |
2,073,609 |
847,748 |
145,371 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
2,890,986 |
2,073,609 |
847,748 |
145,371 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
9,156,188 |
2,890,986 |
2,073,609 |
847,748 |
145,371 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
9,156,188 |
2,890,986 |
2,073,609 |
847,748 |
145,371 |
|
============= |
============= |
============= |
============= |
============= |
|
|
BALANCE SHEET |
|
PULAI ROCK INDUSTRIES SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
6,840,732 |
5,265,964 |
4,418,311 |
1,915,647 |
952,904 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
6,840,732 |
5,265,964 |
4,418,311 |
1,915,647 |
952,904 |
|
CURRENT ASSETS |
|||||
|
TOTAL CURRENT ASSETS |
6,820,418 |
2,717,279 |
3,136,797 |
2,794,732 |
1,100,223 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
13,661,150 |
7,983,243 |
7,555,108 |
4,710,379 |
2,053,127 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
TOTAL CURRENT LIABILITIES |
3,414,526 |
3,081,881 |
3,620,007 |
3,587,466 |
1,632,317 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
3,405,892 |
(364,602) |
(483,210) |
(792,734) |
(532,094) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
TOTAL LONG TERM LIABILITIES |
990,436 |
1,910,376 |
1,761,492 |
175,165 |
175,439 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
9,256,188 |
2,990,986 |
2,173,609 |
947,748 |
245,371 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
RESERVES |
|||||
|
Retained profit/(loss) carried forward |
9,156,188 |
2,890,986 |
2,073,609 |
847,748 |
145,371 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
9,156,188 |
2,890,986 |
2,073,609 |
847,748 |
145,371 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
9,256,188 |
2,990,986 |
2,173,609 |
947,748 |
245,371 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCIAL RATIO |
|
PULAI ROCK INDUSTRIES SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Net Liquid Assets |
3,405,892 |
(364,602) |
(483,210) |
(792,734) |
(532,094) |
|
Net Current Assets/(Liabilities) |
3,405,892 |
(364,602) |
(483,210) |
(792,734) |
(532,094) |
|
Net Tangible Assets |
9,256,188 |
2,990,986 |
2,173,609 |
947,748 |
245,371 |
|
Net Monetary Assets |
2,415,456 |
(2,274,978) |
(2,244,702) |
(967,899) |
(707,533) |
|
BALANCE SHEET ITEMS |
|||||
|
Total Liabilities |
4,404,962 |
4,992,257 |
5,381,499 |
3,762,631 |
1,807,756 |
|
Total Assets |
13,661,150 |
7,983,243 |
7,555,108 |
4,710,379 |
2,053,127 |
|
Net Assets |
9,256,188 |
2,990,986 |
2,173,609 |
947,748 |
245,371 |
|
Net Assets Backing |
9,256,188 |
2,990,986 |
2,173,609 |
947,748 |
245,371 |
|
Shareholders' Funds |
9,256,188 |
2,990,986 |
2,173,609 |
947,748 |
245,371 |
|
Total Share Capital |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
Total Reserves |
9,156,188 |
2,890,986 |
2,073,609 |
847,748 |
145,371 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(12.30) |
8.22 |
(8.19) |
165.39 |
- |
|
Proft/(Loss) Before Tax |
490.46 |
(19.79) |
52.44 |
388.51 |
- |
|
Proft/(Loss) After Tax |
666.50 |
(33.32) |
74.53 |
383.16 |
- |
|
Total Assets |
71.12 |
5.67 |
60.39 |
129.42 |
- |
|
Total Liabilities |
(11.76) |
(7.23) |
43.02 |
108.14 |
- |
|
LIQUIDITY (Times) |
|||||
|
Current Ratio |
2.00 |
0.88 |
0.87 |
0.78 |
0.67 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Liabilities Ratio |
0.48 |
1.67 |
2.48 |
3.97 |
7.37 |
|
Assets Backing Ratio |
92.56 |
29.91 |
21.74 |
9.48 |
2.45 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
63.91 |
9.49 |
12.81 |
7.71 |
4.19 |
|
Net Profit Margin |
60.75 |
6.95 |
11.28 |
5.93 |
3.26 |
|
Return On Net Assets |
71.21 |
37.32 |
64.02 |
96.32 |
76.16 |
|
Return On Capital Employed |
64.33 |
22.77 |
35.36 |
81.30 |
44.41 |
|
Return On Shareholders' Funds/Equity |
67.69 |
27.33 |
56.40 |
74.11 |
59.25 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.10 |
|
|
1 |
INR 94.44 |
|
Euro |
1 |
INR 79.59 |
|
MYR |
1 |
INR 16.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.