|
|
|
MIRA INFORM REPORT
|
Report No. : |
494974 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
20 MICRONS SDN. BHD. |
|
|
|
|
Registered Office : |
6, Jalan Chew Sin On, 31650 Ipoh, Perak |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation : |
25.02.2008 |
|
|
|
|
Com. Reg. No.: |
807569-H |
|
|
|
|
Legal Form : |
Private Limited (Limited by Share) |
|
|
|
|
Line of Business : |
Subject
is principally engaged in the trading of calcium carbonate. |
|
|
|
|
No. of Employees : |
2 |
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. |
: |
807569-H |
||||
|
GST
NO. |
: |
001579737088 |
||||
|
COMPANY
NAME |
: |
20
MICRONS SDN. BHD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
25/02/2008 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
6,
JALAN CHEW SIN ON, 31650 IPOH, PERAK, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
NO.
808A, JALAN RAJA DR. NAZRIN SHAH, TAMAN CHANDAN DESA, SIMPANG PULAI, 31300
IPOH, PERAK, MALAYSIA. |
||||
|
TEL.NO. |
: |
05-3576691 |
||||
|
FAX.NO. |
: |
N/A |
||||
|
MOBILE
NO. |
: |
0195702786 |
||||
|
CONTACT
PERSON |
: |
KRISHNAJI
RAO VENGOBA RAO ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
46691 |
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF CALCIUM CARBONATE |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
5,000,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
360,002.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
3,165,957 [2017] |
||||
|
NET
WORTH |
: |
MYR
1,468,548 [2017] |
||||
|
STAFF
STRENGTH |
: |
2
[2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
AVERAGE |
||||
|
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) trading of calcium carbonate.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former
Address(es)
|
Address |
As
At Date |
|
NO.
116167, MJUKIM SUNGAI RAIA,, BATU 1 1/2, JALAN LAHAT,, SIMPANG PULAI,, 31300,
PERAK, MALAYSIA |
15/02/2013 |
|
26,
PERSIARAN SEPAKAT 4, TAMAN INDAH JAYA, 31350, PERAK, MALAYSIA |
N/A |
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
26/03/2010 |
MYR
5,000,000.00 |
MYR
360,002.00 |
|
25/02/2009 |
MYR
5,000,000.00 |
MYR
154,926.00 |
|
25/02/2008 |
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 |
(%) |
|
RAJESH
CHANDRESHBHAI PARIKH + |
26,
PERSIARAN SEPAKAT 4, TAMAN INDAH JAYA, 31350 IPOH, PERAK, MALAYSIA. |
Z
3905133 |
1.00 |
0.00 |
|
KRISHNAJI
RAO VENGOBA RAO + |
NO.
26, PERSIARAN SEPAKAT 4, TAMAN INDAH JAYA, 31350 IPOH, PERAK, MALAYSIA. |
Z1763607 |
1.00 |
0.00 |
|
20
MICRONS LIMITED |
9/10,
GIDC INDUSTRIAL ESTATE,, WAGHODIA, VADODARA 391760,, GUJARAT INDIA |
XLZ00213405 |
360,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
360,002.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc
No |
Shareholding |
Last
Updated |
|
KASHIF
IQBAL |
MALAYSIA |
G3129158 |
N/A |
N/A |
|
RAJESH
CHANESHBHAI PARIKH |
MALAYSIA |
Z108376 |
1.00 |
N/A |
|
SHAH
MEHULKUMAR DILIPBHAI |
MALAYSIA |
F5241757 |
1.00 |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name
Of Subject |
: |
ATIL
CHANDRESH PARIKH |
|
Address |
: |
ARIC
HOUSE, 66 ATMAJYOTI NAGAR, ELLORA PARK, VADODARA, 390007 GUJARAT, INDIA |
|
IC
/ PP No |
: |
Z
1736003 |
|
Date
of Appointment |
: |
23/12/2008 |
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 |
807569H |
20
MICRONS SDN. BHD. |
Director |
23/12/2008 |
0.00 |
- |
MYR561,194.00 |
2017 |
- |
25/01/2018 |
DIRECTOR 2
|
Name
Of Subject |
: |
RAJESH
CHANDRESHBHAI PARIKH |
|
Address |
: |
26,
PERSIARAN SEPAKAT 4, TAMAN INDAH JAYA, 31350 IPOH, PERAK, MALAYSIA. |
|
IC
/ PP No |
: |
Z
3905133 |
|
Date
of Birth |
: |
28/12/1971 |
|
Date
of Appointment |
: |
21/12/2008 |
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 |
807569H |
20
MICRONS SDN. BHD. |
Director |
21/12/2008 |
1.00 |
0.0003 |
MYR561,194.00 |
2017 |
- |
25/01/2018 |
DIRECTOR 3
|
Name
Of Subject |
: |
KRISHNAJI
RAO VENGOBA RAO |
|
Address |
: |
NO.
26, PERSIARAN SEPAKAT 4, TAMAN INDAH JAYA, 31350 IPOH, PERAK, MALAYSIA. |
|
IC
/ PP No |
: |
Z1763607 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
02/07/2008 |
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 |
807569H |
20
MICRONS SDN. BHD. |
Director |
02/07/2008 |
1.00 |
0.0003 |
MYR561,194.00 |
2017 |
- |
25/01/2018 |
FORMER
DIRECTOR(S)
|
|
Name |
Address |
IC/PP
No |
Appointed
Date |
Withdrawn
Date |
|
KASHIF
IQBAL |
49A
PERSIARAN SENGAT BARU, TAMAN BERSATU, IPOH, PERAK, MALAYSIA |
G3129158 |
25/02/2008 |
02/07/2008 |
|
SHAH
MEHULKUMAR DILIPBHAI |
26
PERSIARAN SEPAKAT 4, TAMAN INDAH JAYA, IPOH, PERAK, MALAYSIA |
F5241757 |
25/02/2008 |
21/12/2008 |
Note
: The above information was generated from our database.
MANAGEMENT
|
|
1) |
Name
of Subject |
: |
KRISHNAJI
RAO VENGOBA RAO |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR
|
|
Auditor |
: |
K.S.HO
& CO. |
|
Auditor'
Address |
: |
15A,
PERSIARAN PINGGIR RAPAT 3, TAMAN SAIKAT, 31350 IPOH, PERAK, MALAYSIA. |
|
|
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
MS.
NG SOO KUAN |
|
IC
/ PP No |
: |
A0036185 |
|
|
New
IC No |
: |
641220-10-6158 |
|
|
Address |
: |
26,
HALUAN TASEK TIMUR 4, ANJUNG BERCHAM MEGAH, 31400 IPOH, PERAK, MALAYSIA. |
|
|
|
BANKING
|
Banking relations are maintained principally
with :
|
1) |
Name |
: |
PUBLIC
BANK BHD |
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 |
: |
30
- 90 DAYS |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
CALCIUM
CARBONATE |
|||||
|
Competitor(s) |
: |
CJ
BIO MALAYSIA SDN. BHD. |
|||||
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
2 |
||||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a
/ as an) trading of calcium carbonate.
The Subject as providing chemical products likes
calcium carbonate to the industry.
The Subject also sell the products based on
customer's demands and requirements.
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 |
: |
05-3576691 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
NO.
808 A, JALAN RAJA DR NAZRIN SHAH, TAMAN CHANDAN DESA, SIMPANG PILLAI,
MALAYSIA |
|
Current
Address |
: |
NO.
808A, JALAN RAJA DR. NAZRIN SHAH, TAMAN CHANDAN DESA, SIMPANG PULAI, 31300
IPOH, PERAK, MALAYSIA. |
|
Match |
: |
NO |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
On 1st March 2018 we have 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 |
: |
Erratic |
[ |
2013
- 2017 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
2013
- 2017 |
] |
|
|
Return
on Shareholder Funds |
: |
Favourable |
[ |
38.21% |
] |
|
|
Return
on Net Assets |
: |
Favourable |
[ |
44.44% |
] |
|
|
The
fluctuating turnover reflects the fierce competition among the existing and
new market players.The higher profit could be attributed to the increase in
turnover. Generally the Subject was profitable. The favourable return on
shareholders' funds and return on net assets indicate that the Subject's
management was efficient in utilising the assets to generate returns. |
||||||
|
Liquidity |
||||||
|
Current
Ratio |
: |
Favourable |
[ |
2.80
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 |
[ |
0.57
Times |
] |
|
|
A
low liabilities ratio has minimised the Subject's financial risk. |
||||||
|
Overall
Assessment : |
||||||
|
Although
the turnover was erratic, the Subject had maintained a steady growth in its
profit. This indicate the management's efficiency in controlling its costs
and profitability. 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 : STRONG |
||||||
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 |
|
|
46691
: Wholesale of industrial chemicals |
|
|
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. |
|
|
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) |
|
20
MICRONS SDN. BHD. |
|
Financial
Year End |
2017-03-31 |
2016-03-31 |
2015-03-31 |
2014-03-31 |
2013-03-31 |
|
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 |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
3,165,957 |
2,202,111 |
2,290,001 |
2,878,705 |
1,442,897 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
3,165,957 |
2,202,111 |
2,290,001 |
2,878,705 |
1,442,897 |
|
Costs
of Goods Sold |
- |
(1,526,922) |
(1,732,867) |
(2,189,823) |
(1,220,123) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
- |
675,189 |
557,134 |
688,882 |
222,774 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
652,597 |
462,393 |
438,465 |
565,323 |
(4,160) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
652,597 |
462,393 |
438,465 |
565,323 |
(4,160) |
|
Taxation |
(91,403) |
(86,266) |
(73,421) |
(143,345) |
(3,818) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
561,194 |
376,127 |
365,044 |
421,978 |
(7,978) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
547,352 |
531,227 |
166,183 |
(7,395) |
184,184 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
547,352 |
531,227 |
166,183 |
(7,395) |
184,184 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
1,108,546 |
907,354 |
531,227 |
414,583 |
176,206 |
|
DIVIDENDS
- Ordinary (paid & proposed) |
- |
(360,002) |
- |
(248,400) |
(183,601) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
1,108,546 |
547,352 |
531,227 |
166,183 |
(7,395) |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
0 |
||||
|
Hire
purchase |
- |
1,514 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
- |
1,514 |
- |
- |
- |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
- |
7,131 |
523 |
523 |
3,866 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Amortization And Depreciation |
- |
7,131 |
523 |
523 |
3,866 |
|
|
============= |
============= |
============= |
============= |
|
BALANCE
SHEET |
|
20
MICRONS SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
46,618 |
60,120 |
1,802 |
2,325 |
2,075 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
46,618 |
60,120 |
1,802 |
2,325 |
2,075 |
|
CURRENT
ASSETS |
0 |
- |
- |
- |
- |
|
Trade
debtors |
- |
450,066 |
538,943 |
438,084 |
281,650 |
|
Other
debtors, deposits & prepayments |
- |
414,037 |
378,340 |
2,250 |
7,054 |
|
Amount
due from holding company |
- |
- |
- |
- |
257,600 |
|
Amount
due from director |
- |
- |
- |
3,958 |
818 |
|
Cash
& bank balances |
- |
316,379 |
182,498 |
464,902 |
62,630 |
|
Others |
- |
- |
- |
- |
6,346 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
2,254,017 |
1,180,482 |
1,099,781 |
909,194 |
616,098 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
2,300,635 |
1,240,602 |
1,101,583 |
911,519 |
618,173 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
0 |
||||
|
Trade
creditors |
- |
138,051 |
95,979 |
165,281 |
149,456 |
|
Other
creditors & accruals |
- |
135,438 |
113,993 |
145,822 |
115,810 |
|
Hire
purchase & lease creditors |
- |
9,253 |
- |
- |
- |
|
Provision
for taxation |
- |
12,574 |
61 |
73,831 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
804,616 |
295,316 |
210,033 |
384,934 |
265,266 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
1,449,401 |
885,166 |
889,748 |
524,260 |
350,832 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
0 |
- |
- |
- |
- |
|
Hire
purchase creditors |
- |
37,357 |
- |
- |
- |
|
Deferred
taxation |
- |
575 |
321 |
400 |
300 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
27,471 |
37,932 |
321 |
400 |
300 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
1,468,548 |
907,354 |
891,229 |
526,185 |
352,607 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED
BY: |
|||||
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
360,002 |
360,002 |
360,002 |
360,002 |
360,002 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
360,002 |
360,002 |
360,002 |
360,002 |
360,002 |
|
RESERVES |
0 |
- |
- |
- |
- |
|
Retained
profit/(loss) carried forward |
1,108,546 |
547,352 |
531,227 |
166,183 |
(7,395) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
1,108,546 |
547,352 |
531,227 |
166,183 |
(7,395) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
1,468,548 |
907,354 |
891,229 |
526,185 |
352,607 |
|
|
============= |
============= |
============= |
============= |
|
FINANCIAL
RATIO
|
|
20
MICRONS SDN. BHD. |
|
TYPES
OF FUNDS |
|||||
|
Cash |
- |
316,379 |
182,498 |
464,902 |
62,630 |
|
Net
Liquid Funds |
- |
316,379 |
182,498 |
464,902 |
62,630 |
|
Net
Liquid Assets |
1,449,401 |
885,166 |
889,748 |
524,260 |
350,832 |
|
Net
Current Assets/(Liabilities) |
1,449,401 |
885,166 |
889,748 |
524,260 |
350,832 |
|
Net
Tangible Assets |
1,468,548 |
907,354 |
891,229 |
526,185 |
352,607 |
|
Net
Monetary Assets |
1,421,930 |
847,234 |
889,427 |
523,860 |
350,532 |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
- |
463,907 |
438,465 |
565,323 |
(4,160) |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
- |
471,038 |
438,988 |
565,846 |
(294) |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
- |
46,610 |
0 |
0 |
0 |
|
Total
Liabilities |
832,087 |
333,248 |
210,354 |
385,334 |
265,566 |
|
Total
Assets |
2,300,635 |
1,240,602 |
1,101,583 |
911,519 |
618,173 |
|
Net
Assets |
1,468,548 |
907,354 |
891,229 |
526,185 |
352,607 |
|
Net
Assets Backing |
1,468,548 |
907,354 |
891,229 |
526,185 |
352,607 |
|
Shareholders'
Funds |
1,468,548 |
907,354 |
891,229 |
526,185 |
352,607 |
|
Total
Share Capital |
360,002 |
360,002 |
360,002 |
360,002 |
360,002 |
|
Total
Reserves |
1,108,546 |
547,352 |
531,227 |
166,183 |
(7,395) |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
43.77 |
(3.84) |
(20.45) |
99.51 |
6.40 |
|
Proft/(Loss)
Before Tax |
41.13 |
5.46 |
(22.44) |
13,689.50 |
(101.55) |
|
Proft/(Loss)
After Tax |
49.20 |
3.04 |
(13.49) |
5,389.27 |
(104.20) |
|
Total
Assets |
85.45 |
12.62 |
20.85 |
47.45 |
(0.48) |
|
Total
Liabilities |
149.69 |
58.42 |
(45.41) |
45.10 |
244.95 |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
- |
1.07 |
0.87 |
1.21 |
0.24 |
|
Liquid
Ratio |
- |
4.00 |
5.24 |
2.36 |
2.32 |
|
Current
Ratio |
2.80 |
4.00 |
5.24 |
2.36 |
2.32 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
- |
0 |
0 |
0 |
0 |
|
Debtors
Ratio |
- |
75 |
86 |
56 |
71 |
|
Creditors
Ratio |
- |
33 |
20 |
28 |
45 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
- |
0.05 |
0 |
0 |
0 |
|
Liabilities
Ratio |
0.57 |
0.37 |
0.24 |
0.73 |
0.75 |
|
Times
Interest Earned Ratio |
- |
306.41 |
0 |
0 |
0 |
|
Assets
Backing Ratio |
4.08 |
2.52 |
2.48 |
1.46 |
0.98 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
20.61 |
21.00 |
19.15 |
19.64 |
(0.29) |
|
Net
Profit Margin |
17.73 |
17.08 |
15.94 |
14.66 |
(0.55) |
|
Return
On Net Assets |
44.44 |
51.13 |
49.20 |
107.44 |
(1.18) |
|
Return
On Capital Employed |
43.62 |
48.60 |
49.18 |
107.36 |
(1.18) |
|
Return
On Shareholders' Funds/Equity |
38.21 |
41.45 |
40.96 |
80.20 |
(2.26) |
|
Dividend
Pay Out Ratio (Times) |
- |
0.96 |
0 |
0.59 |
23.01 |
|
NOTES
TO ACCOUNTS |
|||||
|
Contingent
Liabilities |
- |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.05 |
|
|
1 |
INR 89.69 |
|
Euro |
1 |
INR 80.03 |
|
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 : |
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.