|
|
|
MIRA INFORM REPORT
|
Report No. : |
494225 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
COSTCO RESOURCES |
|
|
|
|
Registered Office : |
No. 31, Jalan Anggerik Mokara 31/51, 40460 Shah Alam,
Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
30.06.2017 |
|
|
|
|
Com. Reg. No.: |
002672346-M |
|
|
|
|
Legal Form : |
Partnership |
|
|
|
|
Line of Business : |
The Subject is engaged in the trading of stationery, papers. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
Status : |
New Business |
|
|
|
|
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. |
: |
002672346-M |
|
GST NO. |
: |
N/A |
|
COMPANY NAME |
: |
COSTCO RESOURCES |
|
COMMENCEMENT DATE |
: |
30/06/2017 |
|
REGISTRATION DATE |
: |
30/06/2017 |
|
EXPIRY DATE |
: |
29/06/2019 |
|
COMPANY STATUS |
: |
ACTIVE |
|
BUSINESS CONSTITUTION |
: |
PARTNERSHIP |
|
BUSINESS ADDRESS |
: |
NO. 31, JALAN ANGGERIK MOKARA 31/51, 40460 SHAH ALAM, SELANGOR,
MALAYSIA. |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
CONTACT PERSON |
: |
N/A |
|
INDUSTRY CODE |
: |
46497 |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF STATIONERY, PAPERS |
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER CHECK |
: |
CLEAR |
|
PAYMENT |
: |
UNKNOWN |
|
MANAGEMENT CAPABILITY |
: |
N/A |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
N/A |
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
HISTORY
/ BACKGROUND
|
The Subject commenced its business on 30/06/2017 as a PARTNERSHIP.
The Subject is a partnership firm registered under the Business Registration
Act. The partners liabilities are unlimited, that is, if the partnership is not
able to meet its obligations, the partners have to be personally liable for the
debts incurred. The Subject's ownership is transferable with consent of the
other partners. The Subject as a partnership firm is governed by the
Partnership Act. The Subject is not required to file in its financial
statements with the Registry of Business.
The Subject is principally engaged in the (as a / as an) trading
of stationery, papers.
The Subject is not listed on Bursa Malaysia (Malaysia Stock
Exchange).
The owner of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. MUHAMMAD SULTAN FAIZUL ARAFAT BIN NOORUL ARIFFIN |
276 A, JALAN TUN SAMBANTHAN , 50470 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
910820-14-5487 |
50.00 |
50.00 |
|
MR. MOHD ABID BIN CHE ABDULLAH |
276A, JALAN TUN SAMBANTHAN , 50470 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
871209-03-5321 |
50.00 |
50.00 |
|
--------------- |
------ |
|||
|
100.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
OWNERS
|
OWNER(S) 1
|
Name Of Subject |
: |
MR. MUHAMMAD SULTAN FAIZUL ARAFAT BIN NOORUL ARIFFIN |
|
Address |
: |
276 A, JALAN TUN SAMBANTHAN, 50470 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
910820-14-5487 |
|
Date of Birth |
: |
20/08/1991 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
30/06/2017 |
|
Shareholding |
: |
50% |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Court |
As At |
|
1 |
1208360H |
PH ACADEMY SDN. BHD. |
Director |
2.00 |
- |
25/01/2018 |
Note : ROC - Disolved, WU - Windup
INTEREST IN BUSINESS
|
Business |
Position |
Shareholding |
As At |
|
ALI JINNA ENTERPRISE |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
ARMACO GLOBAL RESOURCES |
PARTNERSHIP |
50.00 |
25/01/2018 |
|
BALQES ENTERPRISE |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
BFR FOOD RESOURCES |
PARTNERSHIP |
50.00 |
25/01/2018 |
|
BIRDWELL RESOURCES |
PARTNERSHIP |
50.00 |
25/01/2018 |
|
BRI & BCA ENTERPRISE |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
COSTCO RESOURCES |
PARTNERSHIP |
50.00 |
25/01/2018 |
|
FAIZUL PAPER AND STATIONARY |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
FEMINAS ENTERPRISE |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
FEMINAX ENTERPRISE |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
HERMIT RESOURCES |
PARTNERSHIP |
50.00 |
25/01/2018 |
|
IGENIUS TECHNOLOGIES |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
ONE ALI RESOURCES |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
PERNIAGAAN ARAFAT |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
PERNIAGAAN SERI IMPIAN RASA |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
PLURAL SIGHT TECHNOLOGY |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
RASHIQA ENTERPRISE |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
SENECA RESOURCES |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
SENECA RESOURCES |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
SRI RELOCATION ENTERPRISE |
SOLE PROPRIETORSHIP |
100.00 |
25/01/2018 |
|
SYSCO BRISTOW RESOURCES |
PARTNERSHIP |
50.00 |
25/01/2018 |
OWNER(S) 2
|
Name Of Subject |
: |
MR. MOHD ABID BIN CHE ABDULLAH |
|
Address |
: |
276A, JALAN TUN SAMBANTHAN, 50470 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
871209-03-5321 |
|
Date of Birth |
: |
09/12/1987 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
30/06/2017 |
|
Shareholding |
: |
50% |
INTEREST CHECK
|
Interest in companies |
: |
none in our databank |
|
Interest in business |
: |
see below |
INTEREST IN BUSINESS
|
Business |
Position |
Shareholding |
As At |
|
BFR FOOD RESOURCES |
PARTNERSHIP |
50.00 |
25/01/2018 |
|
COSTCO RESOURCES |
PARTNERSHIP |
50.00 |
25/01/2018 |
MANAGEMENT
|
No data found in our databank.
AUDITOR
|
No Auditor found in our databank
BANKING
|
No Banker found in our databank.
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.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors that
have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT
RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
CLIENTELE
|
No data found in our databank.
OPERATIONS
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of stationery,
papers.
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 |
: |
60-14-6652-143 |
|
Current Telephone Number |
: |
N/A |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
140, JALAN TUN RAZAK 50300 KUALA LUMPUR WILAYAH PERSEKUTUAN
KUALA LUMPUR |
|
Current Address |
: |
NO. 31, JALAN ANGGERIK MOKARA 31/51, 40460 SHAH ALAM, SELANGOR,
MALAYSIA. |
|
Match |
: |
N/A |
Other Investigations
We were unable to contact the Subject and its Partners.
The contact numbers provided is not answered despite contacting on numerous
times on 27/2/2018.
We found contact number for the business address at 03-51222253 but it has no
connection with the Subject.
We were unable to verify the address provided.
We were unable to verify the branch address as the contact number we found for
the branch address at 276A, JALAN TUN SAMBANTHAN at 03-22743163, but is not
answered.
We were unable to find any contact for the other branch address at D/A C.C
TRADING, KAMPUNG KUAU MELAWI.
FINANCIAL
ANALYSIS
|
|
|
|
We are unable to comment on the Subject financial position as
the Subject is not required by the law to file its financial statement in the
Registrar of Business. |
||||||
|
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 |
|
|
46497 : Wholesale of stationery, books, magazines and newspapers |
|
|
INDUSTRY : |
TRADING |
|
Malaysia's retail sales will likely grow 3.7% in 2017, slower
than previously estimated 3.9%, as consumer sentiment remains weak amid
rising cost of living in Southeast Asia's third largest economy. |
|
|
The cut in forecast was the second of such revision by Retail
Group Malaysia, a retail consulting firm, from an initial target of 5% retail
sales expansion pace in 2017. The estimate follows a survey of members of
Malaysia Retailers Association on their second quarter performance and
outlook for the year. Retail sales grew 1.7% in 2016. |
|
|
According to Retail Group Malaysia (RGM), Malaysian retailers
have seen the sales expanded 4.9 % from April to June 2017, reversing a
dismal performance in first three months 2017. For the first six months 2016,
the retail sale growth rate was 2.5 %. However, the businesses in the next
three months are not optimistic, estimating an average growth rate of 2.9 %.
The department stores cum supermarket operators are expecting to return to
red with a contraction of 2.5 %. Similarly, the department store operators
expect their businesses to dip with a negative 1.5 %. |
|
|
The rise of purchasing power will continue to fall behind the increase
in prices of retail goods. More retail goods are expected to raise prices
because of higher fuel prices in recent months. |
|
|
The wholesale trade sub-sector index increased 5.9 % to 165.9
points year-on-year (y-o-y) driven mainly by other specialised wholesale (7.5
%), wholesale of agricultural raw materials and livestock (7.3 %) and
wholesale of machinery, equipment and supplies (6.2 %). |
|
|
Over 60% of Gross Domestic Product (GDP) is contributed by
domestic consumption. Therefore the wholesale and retail sector plays a
crucial role in driving Malaysia's growth over the next decade despite the
ongoing global economic slowdown. By 2020, Malaysia's wholesale and retail
sector is expected to boost the country's total Gross National Income (GNI) by
RM156 billion, creating 454,190 new jobs. |
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|
OVERALL INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
FINANCIAL
ACCOUNT
|
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
MYR |
1 |
INR 16.69 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TRU |
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.