|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494872 |
|
Report Date : |
04.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PEMBINAAN TERASMAJU SDN. BHD. |
|
|
|
|
Registered Office : |
8-1 Jalan Op 1/5, Pusat Perdagangan One Puchong, 47100 Puchong,
Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
14.10.2008 |
|
|
|
|
Com. Reg. No.: |
835277-W |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Subject is principally engaged in the engineering and construction
work. |
|
|
|
|
No. of Employees : |
60 [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 : |
No Complaints |
|
|
|
|
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. |
: |
835277-W |
||||
|
GST
NO. |
: |
001895653376 |
||||
|
COMPANY
NAME |
: |
PEMBINAAN
TERASMAJU SDN. BHD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
14/10/2008 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
8-1
JALAN OP 1/5, PUSAT PERDAGANGAN ONE PUCHONG, 47100 PUCHONG, SELANGOR,
MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
NO.10,
2ND FLOOR JALAN 222, 46100 PETALING JAYA, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-79556081 |
||||
|
FAX.NO. |
: |
03-79579345 |
||||
|
EMAIL |
: |
INFO@TERASMAJU.COM.MY |
||||
|
WEB
SITE |
: |
WWW.TERASMAJU.COM.MY |
||||
|
CONTACT
PERSON |
: |
YOGESVARAN
A/L KRISHNA KUTTY ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
41009 |
||||
|
PRINCIPAL
ACTIVITY |
: |
ENGINEERING
AND CONSTRUCTION WORK |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
5,000,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
5,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
36,897,278 [2016] |
||||
|
NET
WORTH |
: |
MYR
5,551,575 [2016] |
||||
|
STAFF
STRENGTH |
: |
60
[2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
MODERATE |
||||
|
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) engineering and
construction work.
The
Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Former
Address(es)
|
Address |
As
At Date |
|
REGALIA
BUSINESS CENTRE, NO.34-3 JALAN USJ 1/1C, 47620, SELANGOR, MALAYSIA |
26/09/2016 |
|
NO.33
JALAN KIARA 10/KS 6, BANDAR BOTANIC, 41200, SELANGOR, MALAYSIA |
N/A |
|
NO.09-02,
09-02C, JALAN KENARI 17F, BANDAR PUCHONG JAYA, 47100, SELANGOR, MALAYSIA |
N/A |
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
26/09/2016 |
MYR
5,000,000.00 |
MYR
5,000,000.00 |
|
24/03/2015 |
MYR
5,000,000.00 |
MYR
4,000,000.00 |
|
17/03/2014 |
MYR
5,000,000.00 |
MYR
3,000,000.00 |
|
21/02/2014 |
MYR
5,000,000.00 |
MYR
1,000,000.00 |
|
20/09/2013 |
MYR
1,000,000.00 |
MYR
1,000,000.00 |
|
15/02/2013 |
MYR
100,000.00 |
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.
YOGESVARAN A/L KRISHNA KUTTY + |
33
JALAN KIARA 10/KS6, BANDAR BOTANIC, 41200 KLANG, SELANGOR, MALAYSIA. |
710610-07-5437
A1914464 |
2,500,000.00 |
50.00 |
|
MS.
KASTURI A/P RAMIAH + |
B01-1,
THE ISTARA CONDOMINIUM, NO.1 LORONG UTARA B, OFF JALAN UTARA, 46200 PETALING
JAYA, SELANGOR, MALAYSIA. |
790202-01-6174 |
2,500,000.00 |
50.00 |
|
--------------- |
------ |
|||
|
5,000,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc
No |
Shareholding |
Last
Updated |
|
ROSLI
BIN NIK |
MALAYSIA |
620425-10-5973 |
1.00 |
N/A |
|
ZALEHA
BINTI BACHEK |
MALAYSIA |
630812-04-5738 |
1.00 |
N/A |
DIRECTORS
DIRECTOR
1
|
Name
Of Subject |
: |
MR.
YOGESVARAN A/L KRISHNA KUTTY |
|
Address |
: |
33
JALAN KIARA 10/KS6, BANDAR BOTANIC, 41200 KLANG, SELANGOR, MALAYSIA. |
|
Other
Address(es) |
: |
20
JLN. PK 2/7, TAMAN KINRARA, SEK.2;58200 JLN.PUCHONG;K.L., MALAYSIA. |
|
IC
/ PP No |
: |
A1914464 |
|
New
IC No |
: |
710610-07-5437 |
|
Date
of Birth |
: |
10/06/1971 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
18/11/2012 |
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 |
835277W |
PEMBINAAN
TERASMAJU SDN. BHD. |
Director |
18/11/2012 |
2,500,000.00 |
50.00 |
MYR327,287.00 |
2016 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local
No |
Company |
Designation |
App
Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
491232A |
TRANSGRID
VENTURES SDN. BHD. |
Director |
30/07/2002 |
02/03/2006 |
- |
- |
|
2 |
491232A |
TRANSGRID
VENTURES SDN. BHD. |
Shareholder |
- |
- |
1000000.00 |
- |
DIRECTOR
2
|
Name
Of Subject |
: |
MS.
KASTURI A/P RAMIAH |
|
Address |
: |
B01-1,
THE ISTARA CONDOMINIUM, NO.1 LORONG UTARA B, OFF JALAN UTARA, 46200 PETALING
JAYA, SELANGOR, MALAYSIA. |
|
New
IC No |
: |
790202-01-6174 |
|
Date
of Birth |
: |
02/02/1979 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
18/11/2012 |
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 |
835277W |
PEMBINAAN
TERASMAJU SDN. BHD. |
Director |
18/11/2012 |
2,500,000.00 |
50.00 |
MYR327,287.00 |
2016 |
- |
25/01/2018 |
|
2 |
80082W |
S.M.
MUHIBBAH HEAVY ENGINEERING & CONSTRUCTION (M) SDN. BHD |
Director |
01/07/2014 |
0.00 |
- |
MYR(1,586,188.00) |
2016 |
- |
25/01/2018 |
INTEREST IN BUSINESS
|
No |
Local
No |
Business |
Designation |
App
Date |
Shareholding
(%) |
Status |
As
At |
|
1 |
002024301T |
POWERKAST
RESOURCES |
SOLE
PROPRIETORSHIP |
18/03/2011 |
100.00 |
- |
25/01/2018 |
FORMER DIRECTOR(S)
|
Name |
Address |
IC/PP
No |
Appointed
Date |
Withdrawn
Date |
|
ZALEHA
BINTI BACHEK |
LOT
4597-14, KAMPUNG DELEK KANAN, KLANG, SELANGOR, MALAYSIA |
630812-04-5738 |
14/10/2008 |
18/11/2012 |
|
ROSLI
BIN NIK |
LOT
4597-14, KAMPUNG DELEK KANAN, KLANG, SELANGOR, MALAYSIA |
620425-10-5973 |
14/10/2008 |
18/11/2012 |
Note
: The above information was generated from our database.
MANAGEMENT
|
1) |
Name
of Subject |
: |
YOGESVARAN
A/L KRISHNA KUTTY |
|
Position |
: |
DIRECTOR |
AUDITOR
|
Auditor |
: |
RW
WILLIAM |
|
Auditor'
Address |
: |
9-3A,
MAYANG PLAZA, JALAN SS26/4, TAMAN MAYANG JAYA, 47301 PETALING JAYA, SELANGOR,
MALAYSIA. |
COMPANY SECRETARIES
|
1) |
Company
Secretary |
: |
MR.
THAVANESON A/L KUPPA RAJOO |
|
IC
/ PP No |
: |
A0042697 |
|
|
New
IC No |
: |
650218-06-5603 |
|
|
Address |
: |
18,
JALAN TIONG 1, BANDAR PUCHONG JAYA, 47100 PUCHONG, SELANGOR, 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 |
07/11/2014 |
N/A |
MALAYAN
BANKING BERHAD |
- |
Unsatisfied |
|
2 |
08/09/2015 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
3 |
08/09/2015 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
4 |
08/09/2015 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
5 |
08/09/2015 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
6 |
08/09/2015 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
7 |
08/09/2015 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
8 |
12/11/2015 |
N/A |
MALAYAN
BANKING BERHAD |
- |
Unsatisfied |
|
9 |
10/12/2015 |
N/A |
MALAYAN
BANKING BERHAD |
- |
Unsatisfied |
|
10 |
14/04/2017 |
N/A |
MALAYAN
BANKING BERHAD |
- |
Unsatisfied |
|
11 |
16/05/2017 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
12 |
16/05/2017 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
13 |
16/05/2017 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
14 |
16/05/2017 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
15 |
16/05/2017 |
N/A |
HSBC
BANK MALAYSIA 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 |
Percentage |
: |
100% |
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit
Term |
: |
AS
AGREED |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
Services |
: |
ENGINEERING
AND CONSTRUCTION WORK |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
60 |
||||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) engineering and
construction work.
The Subject has set the main activities to focus in construction, engineering,
trading of electrical equipments and project management consultancy services to
meet the demand in power transmission and distribution of the utility industry.
Additionally, it has also expanded the wings to focus in the field of oil &
gas and private industries to provide specialized services.
Its services span the new power engineering business from strategic project
planning and due diligence review to complete procurement, construction,
engineering, construction management and commissioning. its dedicated Engineers
provide cost-effective solutions and complete project services for all
transmission, substation, and distribution projects.
RECENT DEVELOPMENT
We have checked with the Malaysian National News Agency's (BERNAMA) database,
but no recent development was noted during the time of inspection.
CURRENT INVESTIGATION
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
03-79556081 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
NO
10 B2ND FLOOR JALAN 222 46100 PETALING AJAY SELANGOR |
|
Current
Address |
: |
NO.10,
2ND FLOOR JALAN 222, 46100 PETALING JAYA, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
On 28th February 2018 we contacted one of the staff from the Subject and he
provided some information.
The address is as per stated in the report.
FINANCIAL ANALYSIS
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2012
- 2016 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
2012
- 2016 |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
5.90% |
] |
|
|
Return
on Net Assets |
: |
Unfavourable |
[ |
7.93% |
] |
|
|
The
Subject's turnover increased steadily as the demand for its products /
services increased due to the goodwill built up over the years.The higher
profit could be attributed to the increase in turnover. The unfavourable
return on shareholders' funds could indicate that the Subject was inefficient
in utilising its assets to generate returns. |
||||||
|
Liquidity |
||||||
|
Current
Ratio |
: |
Favourable |
[ |
2.29
Times |
] |
|
|
The
Subject was in good liquidity position with its current liabilities
well covered by its current assets. With its net current assets, the
Subject should be able to repay its short term obligations. |
||||||
|
Solvency |
||||||
|
Liability
Ratio |
: |
Favourable |
[ |
0.79
Times |
] |
|
|
A
low liabilities ratio has minimised the Subject's financial risk. |
||||||
|
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. The Subject has a
low liabilities ratio. It's liabilities were low and was not vulnerable to
the financial risk. |
||||||
|
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 |
5.3 |
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 |
|
|
41009
: Construction of buildings n.e.c. |
|
|
INDUSTRY
: |
CONSTRUCTION |
|
The
construction sector consists of four subsectors: residential,
non-residential, civil engineering and special trade works. During a period
of rapid economic expansion, the sector generally outperforms Gross Domestic
Product (GDP) growth. |
|
|
During
a period of rapid economic expansion, the sector generally outperforms Gross
Domestic Product (GDP) growth. The construction sector is expected to grow by
8% to RM170 billion for year 2017, boosted by the numerous mega
infrastructure projects in the country. The total allocation for Budget 2017
is RM260.8 billion — an increase of 3.4% from the revised Budget 2016. |
|
|
The
non-residential property subsector grew by 4.9% to RM6.4 billion in the first
half of 2017 (1H17). This growth was due to the rebound in starts for shops
(29.3%, compared with a 46.7% contraction in 1H16 and serviced apartments
(14%, compared with a 35% contraction in 1H16). However, construction starts
in the industrial and small office home office (SoHo) declined 9.7% and 16.1%
respectively (1H16: -76.7% and -24.9%), mainly due to moderation in the
O&G-related industries. |
|
|
The
industry indeed has a bright future, considering numerous mega infrastructure
projects that will continue to fuel the construction demand. The projects
include the Refinery and Petrochemical Integrated Development (Rapid) in
Pengerang, East Coast Rail Line from Port Klang to Tumpat, High-Speed Rail
from Kuala Lumpur to Singapore, Pan Borneo Highway in Sabah and Sarawak,
Damansara-Shah Alam elevated highway, light rail transit from Bandar Utama to
Johan Setia, West Coast Expressway from Banting to Taiping and mass rapid
transit line 2. |
|
|
In
addition, there are commercial real estate projects which will boost
construction demand even further such as Bandar Malaysia and Cyberjaya City
Centre. Construction industry is one of the key sector which will propel the
nation into prosperity. Bank Negara Malaysia has raised the country’s gross
domestic product outlook to between 4.3% and 4.8% for 2017 and analysts have
a consensus view that it will be driven by primary sectors and construction
projects. |
|
|
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) |
|
PEMBINAAN
TERASMAJU 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 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial
Type |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
36,897,278 |
24,329,874 |
20,389,809 |
16,917,954 |
8,469,878 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
36,897,278 |
24,329,874 |
20,389,809 |
16,917,954 |
8,469,878 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
440,267 |
225,482 |
78,434 |
29,653 |
23,598 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
440,267 |
225,482 |
78,434 |
29,653 |
23,598 |
|
Taxation |
(112,980) |
(92,831) |
(43,092) |
(11,230) |
(5,711) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
327,287 |
132,651 |
35,342 |
18,423 |
17,887 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
224,288 |
91,637 |
56,295 |
37,872 |
19,985 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
224,288 |
91,637 |
56,295 |
37,872 |
19,985 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
551,575 |
224,288 |
91,637 |
56,295 |
37,872 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
551,575 |
224,288 |
91,637 |
56,295 |
37,872 |
|
============= |
============= |
============= |
============= |
============= |
|
BALANCE SHEET
|
PEMBINAAN
TERASMAJU SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
87,028 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
87,028 |
- |
- |
- |
- |
|
CURRENT
ASSETS |
|||||
|
TOTAL
CURRENT ASSETS |
9,842,194 |
5,880,608 |
5,829,230 |
4,947,582 |
1,698,255 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
9,929,222 |
5,880,608 |
5,829,230 |
4,947,582 |
1,698,255 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
TOTAL
CURRENT LIABILITIES |
4,306,907 |
1,656,320 |
1,737,593 |
1,891,287 |
1,660,381 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
5,535,287 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||||
|
TOTAL
LONG TERM LIABILITIES |
70,740 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
5,551,575 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
5,000,000 |
4,000,000 |
4,000,000 |
3,000,000 |
2 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
5,000,000 |
4,000,000 |
4,000,000 |
3,000,000 |
2 |
|
RESERVES |
|||||
|
Retained
profit/(loss) carried forward |
551,575 |
224,288 |
91,637 |
56,295 |
37,872 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
551,575 |
224,288 |
91,637 |
56,295 |
37,872 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
5,551,575 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
============= |
============= |
============= |
============= |
============= |
|
FINANCIAL RATIO
|
PEMBINAAN
TERASMAJU SDN. BHD. |
|
TYPES
OF FUNDS |
|||||
|
Net
Liquid Assets |
5,535,287 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
Net
Current Assets/(Liabilities) |
5,535,287 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
Net
Tangible Assets |
5,551,575 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
Net
Monetary Assets |
5,464,547 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Liabilities |
4,377,647 |
1,656,320 |
1,737,593 |
1,891,287 |
1,660,381 |
|
Total
Assets |
9,929,222 |
5,880,608 |
5,829,230 |
4,947,582 |
1,698,255 |
|
Net
Assets |
5,551,575 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
Net
Assets Backing |
5,551,575 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
Shareholders'
Funds |
5,551,575 |
4,224,288 |
4,091,637 |
3,056,295 |
37,874 |
|
Total
Share Capital |
5,000,000 |
4,000,000 |
4,000,000 |
3,000,000 |
2 |
|
Total
Reserves |
551,575 |
224,288 |
91,637 |
56,295 |
37,872 |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
51.65 |
19.32 |
20.52 |
99.74 |
669.63 |
|
Proft/(Loss)
Before Tax |
95.26 |
187.48 |
164.51 |
25.66 |
205.12 |
|
Proft/(Loss)
After Tax |
146.73 |
275.34 |
91.84 |
3.00 |
207.18 |
|
Total
Assets |
68.85 |
0.88 |
17.82 |
191.33 |
5,375.06 |
|
Total
Liabilities |
164.30 |
(4.68) |
(8.13) |
13.91 |
14,951.95 |
|
LIQUIDITY
(Times) |
|||||
|
Current
Ratio |
2.29 |
3.55 |
3.35 |
2.62 |
1.02 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Liabilities
Ratio |
0.79 |
0.39 |
0.42 |
0.62 |
43.84 |
|
Assets
Backing Ratio |
1.11 |
1.06 |
1.02 |
1.02 |
18,937.00 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
1.19 |
0.93 |
0.38 |
0.18 |
0.28 |
|
Net
Profit Margin |
0.89 |
0.55 |
0.17 |
0.11 |
0.21 |
|
Return
On Net Assets |
7.93 |
5.34 |
1.92 |
0.97 |
62.31 |
|
Return
On Capital Employed |
7.83 |
5.34 |
1.92 |
0.97 |
62.31 |
|
Return
On Shareholders' Funds/Equity |
5.90 |
3.14 |
0.86 |
0.60 |
47.23 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 79.50 |
|
MYR |
1 |
INR 16.59 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
DNS |
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.