|
|
|
MIRA INFORM REPORT
|
Report No. : |
495834 |
|
Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PALMTOP VEGEOIL PRODUCTS SDN. BHD. |
|
|
|
|
Formerly Known As : |
PUNCAK ARIF SDN. BHD. |
|
|
|
|
Registered Office : |
Suite A-11-1, Level 11, Hampshire Place Office, 157 Hampshire, 1,
Jalan Mayang Sari, 50450 Kuala Lumpur, Wilayah Persekutuan, |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2017 |
|
|
|
|
Date of Incorporation : |
14.06.1993 |
|
|
|
|
Com. Reg. No.: |
266956-P |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Subject is principally engaged in the
manufacturing of palm oil products. |
|
|
|
|
No. of Employees : |
80 [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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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. |
: |
266956-P |
||||
|
GST NO. |
: |
001982529536 |
||||
|
COMPANY
NAME |
: |
PALMTOP VEGEOIL
PRODUCTS SDN. BHD. |
||||
|
FORMER
NAME |
: |
PUNCAK
ARIF SDN. BHD. (20/10/2004) |
||||
|
INCORPORATION
DATE |
: |
14/06/1993 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
SUITE
A-11-1, LEVEL 11, HAMPSHIRE PLACE OFFICE, 157 HAMPSHIRE, 1, JALAN MAYANG
SARI, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
PLO 470, JALAN
KELULI 1, KAWASAN PERINDUSTRIAN PASIR GUDANG, 81700 PASIR GUDANG, JOHOR,
MALAYSIA. |
||||
|
TEL.NO. |
: |
07-2553868/2526118 |
||||
|
FAX.NO. |
: |
07-2543868 |
||||
|
EMAIL |
: |
ENQUIRIES@PALMTOPVEGEOIL.COM.MY |
||||
|
WEB SITE |
: |
WWW.PALMTOPVEGEOIL.COM.MY |
||||
|
CONTACT
PERSON |
: |
SUKUMARAN
S/O RAMASAMY ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
10402 |
||||
|
PRINCIPAL
ACTIVITY |
: |
MANUFACTURING
OF PALM OIL PRODUCTS |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
25,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND
PAID UP CAPITAL |
: |
MYR
13,750,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
1,778,831,798 [2017] |
||||
|
NET WORTH |
: |
MYR
60,830,921 [2017] |
||||
|
STAFF
STRENGTH |
: |
80 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
AVERAGE |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
LOW |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
GENERAL
REPUTATION |
: |
GOOD |
||||
|
INDUSTRY
OUTLOOK |
: |
MATURE |
||||
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) manufacturing of palm oil products.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
The immediate holding company of the Subject
is CONTINENTAL RESOURCES SDN. BHD., a company incorporated in MALAYSIA.
The ultimate holding company of the Subject
is C.I. HOLDINGS BERHAD, a company incorporated in MALAYSIA.
Former Address(es)
|
Address |
As At Date |
|
13-2 (BACK
PORTION), LORONG BATU NILAM 3B, BANDAR BUKIT TINGGI, 41200, SELANGOR,
MALAYSIA |
17/09/2015 |
|
106B, JALAN
SS 21/39, DAMANSARA UTAMA, 47400, SELANGOR, MALAYSIA |
27/10/1994 |
|
SUITE
9.2A, MENARA AIK HUA, CHANGKAT RAJA CHULAN, 9TH FLOOR, 50200, WILAYAH
PERSEKUTUAN, MALAYSIA |
31/03/2008 |
Share Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
18/05/2015 |
MYR
25,000,000.00 |
MYR
13,750,000.00 |
|
31/03/2005 |
MYR
5,000,000.00 |
MYR
2,000,000.00 |
|
10/03/1998 |
MYR
1,000,000.00 |
MYR
100,000.00 |
|
06/04/1995 |
MYR
100,000.00 |
MYR 3.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
CONTINENTAL
RESOURCES SDN. BHD. |
LOT 2239,
JALAN RAJAWALI, BATU 9, KAMPUNG KEBUN BARU, 42500 TELOK PANGLIMA GARANG,
SELANGOR, MALAYSIA. |
173543U |
8,250,000.00 |
60.00 |
|
DATO'
SUKUMARAN S/O RAMASAMY + |
12, JALAN
SURIA 4/2, TAMAN SURIA, 81100 JOHOR BAHRU, JOHOR, MALAYSIA. |
570523-04-5369
5225049 |
2,475,000.00 |
18.00 |
|
DATO' TAN
FOK WAH |
22, JALAN
KERIS 29, TAMAN PUTERI WANGSA, 81800 ULU TIRAM, JOHOR, MALAYSIA. |
701112-04-5249
A1723828 |
3,025,000.00 |
22.00 |
|
--------------- |
------ |
|||
|
13,750,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc
No |
Shareholding |
Last
Updated |
|
CHAN GAN
WEI |
MALAYSIA |
S8339857D |
400,000.00 |
N/A |
|
HATIJAH
BINTI YUN |
MALAYSIA |
500817-08-5952 |
1,960,000.00 |
N/A |
|
KAMARAZAMAN
BIN YACOB |
MALAYSIA |
490710-03-5297 |
40,000.00 |
N/A |
|
LIM TOW
KUANG |
MALAYSIA |
590508-10-6387 |
200,000.00 |
N/A |
|
NG HUI
CHEN |
MALAYSIA |
700726-05-5252 |
1,100,000.00 |
N/A |
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
Status |
(%) |
As At |
|
201510658W |
SINGAPORE |
CONTINENTAL
PALMS PTE. LTD. |
- |
100.00 |
30/06/0217 |
|
371637V |
MALAYSIA |
PNC OIL
FACTORY (MALAYSIA) SDN. BHD. |
- |
100.00 |
25/01/2018 |
DIRECTORS
DIRECTOR 1
|
Name Of
Subject |
: |
MS. LEE
CHEANG MEI |
|
Address |
: |
86,
PERSIARAN NUSANTARA, DUTA NUSANTARA, JALAN SRI HARTAMAS 1, 50480 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Other
Address(es) |
: |
NO. 3, JALAN
PERKASA 5, TAMAN MALURI CHERAS, 55100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
New IC No |
: |
590626-10-6572 |
|
Date of
Birth |
: |
26/06/1959 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
15/05/2015 |
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 |
37918A |
C.I.
HOLDINGS BERHAD |
Director |
07/05/2014 |
10,515,000.00 |
6.49 |
MYR38,573,000.00 |
2017 |
- |
25/01/2018 |
|
2 |
714099W |
CONTINENTAL
PALM PRODUCTS SDN. BHD. |
Director |
27/10/2005 |
1.00 |
33.33 |
MYR(2,029.00) |
2015 |
- |
25/01/2018 |
|
3 |
173543U |
CONTINENTAL
RESOURCES SDN. BHD. |
Director |
13/04/1991 |
0.00 |
- |
MYR20,301,488.00 |
2017 |
- |
25/01/2018 |
|
4 |
1237615M |
EMPIRE ENTITY
SDN. BHD. |
Director |
05/07/2017 |
1.00 |
33.33 |
282.00 |
- |
- |
25/01/2018 |
|
5 |
124768M |
EQUATOR
MARKETING SDN. BHD. |
Director |
01/02/1990 |
100,000.00 |
50.00 |
282.00 |
- |
- |
25/01/2018 |
|
6 |
651354M |
INTEGRATED
SEASON SDN. BHD. |
Director |
18/10/2004 |
105,000.00 |
50.00 |
MYR(4,960.00) |
2016 |
- |
25/01/2018 |
|
7 |
730960P |
MAJESTIC
PARADISE SDN. BHD. |
Director |
31/05/2006 |
20,001.00 |
25.00 |
MYR261,446.00 |
2016 |
- |
25/01/2018 |
|
8 |
266956P |
PALMTOP VEGEOIL
PRODUCTS SDN. BHD. |
Director |
15/05/2015 |
0.00 |
- |
MYR28,757,553.00 |
2017 |
- |
25/01/2018 |
|
9 |
1237454H |
PPP
PROPERTIES SDN. BHD. |
Director |
04/07/2017 |
1.00 |
33.33 |
282.00 |
- |
- |
25/01/2018 |
|
10 |
387845H |
PRIBAMAS
SDN. BHD. |
Director |
29/06/2012 |
1.00 |
50.00 |
MYR(11,379.00) |
2015 |
- |
25/01/2018 |
|
11 |
741195A |
SWIFT
TREASURE SDN. BHD. |
Director |
24/07/2006 |
0.00 |
- |
MYR(7,865.00) |
2016 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
692606W |
PRIMA PALM
PRODUCTS SDN. BHD. |
Director |
25/05/2005 |
28/03/2014 |
- |
- |
|
2 |
692606W |
PRIMA PALM
PRODUCTS SDN. BHD. |
Shareholder |
- |
- |
20000.00 |
- |
DIRECTOR 2
|
Name Of Subject |
: |
MR. FUNG
HEEN CHOON |
|
Address |
: |
8, LORONG
PEGAGA, TAMAN CHI LIUNG, 41200 KLANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
5267355 |
|
New IC No |
: |
570426-10-5913 |
|
Date of
Birth |
: |
26/04/1957 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
15/05/2015 |
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 |
307282H |
ARAHAWAL
(M) SDN. BHD. |
Director |
12/01/2017 |
0.00 |
- |
282.00 |
- |
- |
25/01/2018 |
|
2 |
37918A |
C.I.
HOLDINGS BERHAD |
Director |
07/05/2014 |
10,259,000.00 |
6.33 |
MYR38,573,000.00 |
2017 |
- |
25/01/2018 |
|
3 |
714099W |
CONTINENTAL
PALM PRODUCTS SDN. BHD. |
Director |
27/10/2005 |
2.00 |
66.67 |
MYR(2,029.00) |
2015 |
- |
25/01/2018 |
|
4 |
173543U |
CONTINENTAL
RESOURCES SDN. BHD. |
Director |
15/09/1988 |
0.00 |
- |
MYR20,301,488.00 |
2017 |
- |
25/01/2018 |
|
5 |
1237615M |
EMPIRE
ENTITY SDN. BHD. |
Director |
05/07/2017 |
1.00 |
33.33 |
282.00 |
- |
- |
25/01/2018 |
|
6 |
124768M |
EQUATOR MARKETING
SDN. BHD. |
Director |
01/12/1993 |
0.00 |
- |
282.00 |
- |
- |
25/01/2018 |
|
7 |
651354M |
INTEGRATED
SEASON SDN. BHD. |
Director |
18/10/2004 |
105,000.00 |
50.00 |
MYR(4,960.00) |
2016 |
- |
25/01/2018 |
|
8 |
730960P |
MAJESTIC PARADISE
SDN. BHD. |
Director |
31/05/2006 |
20,001.00 |
25.00 |
MYR261,446.00 |
2016 |
- |
25/01/2018 |
|
9 |
266956P |
PALMTOP
VEGEOIL PRODUCTS SDN. BHD. |
Director |
15/05/2015 |
0.00 |
- |
MYR28,757,553.00 |
2017 |
- |
25/01/2018 |
|
10 |
371637V |
PNC OIL
FACTORY (MALAYSIA) SDN. BHD. |
Director |
25/11/2015 |
0.00 |
- |
MYR1,690,753.00 |
2017 |
- |
25/01/2018 |
|
11 |
1237454H |
PPP
PROPERTIES SDN. BHD. |
Director |
04/07/2017 |
1.00 |
33.33 |
282.00 |
- |
- |
25/01/2018 |
|
12 |
387845H |
PRIBAMAS SDN.
BHD. |
Shareholder |
- |
1.00 |
50.00 |
MYR(11,379.00) |
2015 |
- |
25/01/2018 |
|
13 |
741195A |
SWIFT
TREASURE SDN. BHD. |
Director |
24/07/2006 |
15,002.00 |
25.00 |
MYR(7,865.00) |
2016 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
387845H |
PRIBAMAS
SDN. BHD. |
Director |
15/04/1997 |
28/12/1998 |
- |
- |
|
2 |
692606W |
PRIMA PALM
PRODUCTS SDN. BHD. |
Director |
25/05/2005 |
28/03/2014 |
- |
- |
|
3 |
692606W |
PRIMA PALM
PRODUCTS SDN. BHD. |
Shareholder |
- |
- |
27500.00 |
- |
DIRECTOR 3
|
Name Of
Subject |
: |
MR. MEGAT
JOHA BIN MEGAT ABDUL RAHMAN |
|
Address |
: |
2, JALAN
PIDATO U2/47, TTDI JAYA, 40150 SHAH ALAM, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
- 1 JLN
USJ 4/4D, SUBANG JAYA, 47600 UEP SUBANG JAYA;SELANGOR, MALAYSIA. - 575,
JALAN 17/15, 46400 PETALING JAYA, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
7218514 |
|
New IC No |
: |
630330-10-7617 |
|
Date of
Birth |
: |
30/03/1963 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
15/05/2015 |
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 |
557638T |
ADMUDA
SERVICES SDN. BHD. |
Director |
05/02/2014 |
0.00 |
- |
MYR354,615.00 |
2016 |
- |
25/01/2018 |
|
2 |
851918U |
ATLAS WIRE
& CABLE SDN. BHD. |
Director |
26/11/2014 |
0.00 |
- |
MYR(951,526.00) |
2017 |
- |
25/01/2018 |
|
3 |
37918A |
C.I.
HOLDINGS BERHAD |
Director |
18/04/2013 |
1,000,000.00 |
0.62 |
MYR38,573,000.00 |
2017 |
- |
25/01/2018 |
|
4 |
7169A |
CENTRAL
CABLES BERHAD |
Director |
28/05/2013 |
0.00 |
- |
MYR6,011,843.00 |
2013 |
- |
25/01/2018 |
|
5 |
174140X |
CHIN TEOW
HIN SDN. BHD. |
Director |
31/05/2017 |
0.00 |
- |
MYR9,336,754.00 |
2017 |
- |
25/01/2018 |
|
6 |
173543U |
CONTINENTAL
RESOURCES SDN. BHD. |
Director |
18/04/2014 |
0.00 |
- |
MYR20,301,488.00 |
2017 |
- |
25/01/2018 |
|
7 |
36788T |
DOE
INDUSTRIES SDN BHD |
Director |
04/03/2013 |
0.00 |
- |
MYR(1,715,306.00) |
2016 |
- |
25/01/2018 |
|
8 |
728250U |
DOE
MARKETING SDN. BHD. |
Director |
04/03/2013 |
0.00 |
- |
MYR299,246.00 |
2017 |
- |
25/01/2018 |
|
9 |
1196768D |
EAST
TOLARIA SDN. BHD. |
Director |
02/08/2016 |
0.00 |
- |
282.00 |
- |
- |
25/01/2018 |
|
10 |
599393U |
ELEGANT
FLOW SDN. BHD. |
Director |
04/03/2013 |
0.00 |
- |
MYR212,441.00 |
2017 |
- |
25/01/2018 |
|
11 |
318614U |
FUMORI
INDUSTRIES SDN. BHD. |
Director |
06/11/2014 |
0.00 |
- |
MYR121,858.00 |
2017 |
- |
25/01/2018 |
|
12 |
646252M |
JAG
CAPITAL HOLDINGS SDN. BHD. |
Director |
12/12/2017 |
0.00 |
- |
282.00 |
- |
- |
25/01/2018 |
|
13 |
609361A |
JAG
PRIVATE EQUITY SDN. BHD. |
Director |
29/07/2015 |
0.00 |
- |
MYR(1,890.00) |
2016 |
- |
25/01/2018 |
|
14 |
22846K |
JOEM SDN.
BHD. |
Shareholder |
- |
4,000.00 |
5.33 |
282.00 |
- |
- |
25/01/2018 |
|
15 |
1241274P |
KAMPUNG
BARU EQUITY SDN. BHD. |
Director |
02/08/2017 |
0.00 |
- |
282.00 |
- |
- |
25/01/2018 |
|
16 |
266956P |
PALMTOP
VEGEOIL PRODUCTS SDN. BHD. |
Director |
15/05/2015 |
0.00 |
- |
MYR28,757,553.00 |
2017 |
- |
25/01/2018 |
|
17 |
1025330P |
PAMERAN
ISTIMEWA SDN. BHD. |
Director |
19/12/2016 |
1.00 |
50.00 |
MYR(9,738.00) |
2016 |
- |
25/01/2018 |
|
18 |
371637V |
PNC OIL
FACTORY (MALAYSIA) SDN. BHD. |
Director |
25/11/2015 |
0.00 |
- |
MYR1,690,753.00 |
2017 |
- |
25/01/2018 |
|
19 |
297534X |
POTEX
INDUSTRIES SDN. BHD. |
Director |
04/03/2013 |
0.00 |
- |
MYR(339,273.00) |
2017 |
- |
25/01/2018 |
|
20 |
959350P |
SENTRAL
BISTARI SDN. BHD. |
Director |
04/03/2013 |
0.00 |
- |
MYR10,774,987.00 |
2016 |
- |
25/01/2018 |
|
21 |
1047337U |
SENTRAL
CEMERLANG SDN. BHD. |
Director |
28/07/2015 |
0.00 |
- |
MYR(103,710.00) |
2017 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
36334P |
FIMA
OVERSEAS HOLDINGS SDN. BHD. |
Director |
30/04/1994 |
31/03/1997 |
- |
- |
|
2 |
22846K |
JOEM SDN.
BHD. |
Shareholder |
- |
- |
4000.00 |
- |
|
3 |
537257H |
JUA JUARA
SDN. BHD. |
Director |
17/06/2009 |
11/02/2011 |
- |
- |
|
4 |
226087T |
MAJUPERAK
BIO RESOURCES SDN. BHD. |
Director |
23/06/2009 |
11/02/2011 |
- |
- |
|
5 |
5990P |
MAJUPERAK
DEVELOPMENT BHD. |
Director |
12/07/2010 |
11/02/2011 |
- |
- |
|
6 |
32089H |
MAJUPERAK ENERGY
RESOURCES SDN. BHD. |
Director |
17/06/2009 |
11/02/2011 |
- |
- |
|
7 |
32326U |
MAJUPERAK
PROPERTY MANAGEMENT SDN. BHD. |
Director |
26/06/2009 |
11/02/2011 |
- |
- |
|
8 |
3904H |
MAYBANK
(NOMINEES) SENDIRIAN BERHAD |
Director |
23/08/2002 |
08/06/2005 |
- |
- |
|
9 |
258956H |
MAYBANK
NOMINEES (ASING) SDN. BHD. |
Director |
23/08/2002 |
08/06/2005 |
- |
- |
|
10 |
258939H |
MAYBANK
NOMINEES (TEMPATAN) SDN. BHD. |
Director |
23/08/2002 |
08/06/2005 |
- |
- |
|
11 |
284592K |
MAYBANK SECURITIES
NOMINEES (ASING) SDN. BHD. |
Director |
28/03/2002 |
06/06/2005 |
- |
- |
|
12 |
284597P |
MAYBANK
SECURITIES NOMINEES (TEMPATAN) SDN. BHD. |
Director |
28/03/2002 |
06/06/2005 |
- |
- |
|
13 |
615490T |
SIGMA AIT
SDN. BHD. |
Director |
25/05/2005 |
28/02/2007 |
- |
- |
|
14 |
29020X |
SYARIKAT
MAJUPERAK BHD. |
Director |
26/06/2009 |
11/02/2011 |
- |
- |
|
15 |
24571A |
TENAGA
DANAWA SDN BHD. |
Director |
17/06/2009 |
11/02/2011 |
- |
- |
DIRECTOR 4
|
Name Of
Subject |
: |
MR. AZLAN
BIN AHMAD |
|
Address |
: |
16, SS
1/27, 47300 PETALING JAYA, SELANGOR, MALAYSIA. |
|
Other
Address(es) |
: |
46, JALAN
NOVA U5/89, SUBANG BESTARI, SEKSYEN U5, 40150 SHAH ALAM, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A1089030 |
|
New IC No |
: |
680905-05-5535 |
|
Date of Birth |
: |
05/09/1968 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
25/11/2015 |
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 |
557638T |
ADMUDA
SERVICES SDN. BHD. |
Director |
05/02/2014 |
0.00 |
- |
MYR354,615.00 |
2016 |
- |
25/01/2018 |
|
2 |
700227P |
ARMADA
SEROJA SDN. BHD. |
Director |
29/07/2015 |
0.00 |
- |
MYR(596,652.00) |
2016 |
- |
25/01/2018 |
|
3 |
851918U |
ATLAS WIRE
& CABLE SDN. BHD. |
Director
Secretary |
26/11/2014
29/01/2015 |
0.00 |
- |
MYR(951,526.00) |
2017 |
- |
25/01/2018 |
|
4 |
546647D |
C.I. AUTO
SERVICES SDN. BHD. |
Director |
06/09/2005 |
0.00 |
- |
MYR(3,757.00) |
2017 |
- |
25/01/2018 |
|
5 |
262179H |
C.I.
BUILDING INDUSTRIES SDN. BHD. |
Director |
06/09/2005 |
0.00 |
- |
MYR(5,956.00) |
2017 |
- |
25/01/2018 |
|
6 |
493667W |
C.I.
CONSTRUCTION SDN. BHD. |
Director |
06/09/2005 |
0.00 |
- |
MYR(3,596.00) |
2017 |
- |
25/01/2018 |
|
7 |
122444W |
C.I.
DAMANSARA QUARRY SDN. BHD. |
Director |
06/09/2005 |
0.00 |
- |
MYR(3,543.00) |
2017 |
- |
25/01/2018 |
|
8 |
558790T |
C.I.
ENGINEERING SDN. BHD. |
Director |
06/09/2005 |
0.00 |
- |
MYR(3,543.00) |
2017 |
- |
25/01/2018 |
|
9 |
493665T |
C.I. HALLA
ENVIRONMENTAL TECHNOLOGY SDN. BHD. |
Director |
11/11/2011 |
0.00 |
- |
MYR(3,543.00) |
2017 |
- |
25/01/2018 |
|
10 |
493663M |
C.I.
MANAGEMENT SDN. BHD. |
Director |
21/08/2007 |
0.00 |
- |
MYR(3,543.00) |
2017 |
- |
25/01/2018 |
|
11 |
525355W |
C.I.
MARKETING SDN. BHD. |
Director |
06/09/2005 |
0.00 |
- |
MYR(3,596.00) |
2017 |
- |
25/01/2018 |
|
12 |
251393T |
C.I.
QUARRIES (NILAI) SDN. BHD. |
Director |
06/09/2005 |
0.00 |
- |
MYR(3,596.00) |
2017 |
- |
25/01/2018 |
|
13 |
15069K |
C.I.
QUARRIES SDN. BHD. |
Director |
06/09/2005 |
0.00 |
- |
MYR(4,836.00) |
2017 |
- |
25/01/2018 |
|
14 |
250604W |
CAPITAL
AIM SDN. BHD. |
Director |
06/09/2005 |
0.00 |
- |
MYR(4,677.00) |
2017 |
- |
25/01/2018 |
|
15 |
7169A |
CENTRAL
CABLES BERHAD |
Director |
29/04/2008 |
0.00 |
- |
MYR6,011,843.00 |
2013 |
- |
25/01/2018 |
|
16 |
173543U |
CONTINENTAL
RESOURCES SDN. BHD. |
Director |
25/11/2015 |
0.00 |
- |
MYR20,301,488.00 |
2017 |
- |
25/01/2018 |
|
17 |
36788T |
DOE
INDUSTRIES SDN BHD |
Director |
06/09/2005 |
0.00 |
- |
MYR(1,715,306.00) |
2016 |
- |
25/01/2018 |
|
18 |
728250U |
DOE
MARKETING SDN. BHD. |
Director |
28/03/2006 |
0.00 |
- |
MYR299,246.00 |
2017 |
- |
25/01/2018 |
|
19 |
1196768D |
EAST
TOLARIA SDN. BHD. |
Director |
03/08/2016 |
0.00 |
- |
282.00 |
- |
- |
25/01/2018 |
|
20 |
318614U |
FUMORI
INDUSTRIES SDN. BHD. |
Director
Secretary |
06/11/2014
12/11/2014 |
0.00 |
- |
MYR121,858.00 |
2017 |
- |
25/01/2018 |
|
21 |
646252M |
JAG
CAPITAL HOLDINGS SDN. BHD. |
Director |
26/03/2013 |
0.00 |
- |
282.00 |
- |
- |
25/01/2018 |
|
22 |
609361A |
JAG
PRIVATE EQUITY SDN. BHD. |
Director |
22/02/2012 |
0.00 |
- |
MYR(1,890.00) |
2016 |
- |
25/01/2018 |
|
23 |
1037035U |
JAG SISMA
CAPITAL SDN. BHD. |
Director |
29/07/2015 |
0.00 |
- |
MYR279,279.00 |
2016 |
- |
25/01/2018 |
|
24 |
1174823P |
OPAL
CAPITAL SDN. BHD. |
Director |
03/02/2016 |
7.00 |
70.00 |
282.00 |
- |
- |
25/01/2018 |
|
25 |
266956P |
PALMTOP
VEGEOIL PRODUCTS SDN. BHD. |
Director |
25/11/2015 |
0.00 |
- |
MYR28,757,553.00 |
2017 |
- |
25/01/2018 |
|
26 |
297534X |
POTEX INDUSTRIES
SDN. BHD. |
Director |
18/02/2008 |
0.00 |
- |
MYR(339,273.00) |
2017 |
- |
25/01/2018 |
|
27 |
959350P |
SENTRAL
BISTARI SDN. BHD. |
Director |
15/02/2012 |
0.00 |
- |
MYR10,774,987.00 |
2016 |
- |
25/01/2018 |
|
28 |
1047337U |
SENTRAL CEMERLANG
SDN. BHD. |
Director |
15/04/2014 |
1.00 |
50.00 |
MYR(103,710.00) |
2017 |
- |
25/01/2018 |
|
29 |
945526D |
YAYASAN
BENA NUSA |
Director
Secretary |
22/12/2011
21/10/2011 |
0.00 |
- |
N/A |
2016 |
- |
25/01/2018 |
|
30 |
1034511V |
YBN HOLDINGS
SDN. BHD. |
Director |
18/09/2014 |
1.00 |
50.00 |
MYR(57,543.00) |
2017 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
557638T |
ADMUDA
SERVICES SDN. BHD. |
Secretary |
15/08/2014 |
12/07/2016 |
- |
- |
|
2 |
700227P |
ARMADA
SEROJA SDN. BHD. |
Secretary |
18/10/2011 |
12/07/2016 |
- |
- |
|
3 |
169034T |
AYAMAS
INTEGRATED POULTRY INDUSTRY SDN. BHD. |
Director |
19/02/2001 |
11/07/2005 |
- |
- |
|
4 |
544426U |
BEVMAC
ENGINEERING SDN. BHD. |
Director |
06/09/2005 |
30/09/2006 |
- |
- |
|
5 |
546647D |
C.I. AUTO
SERVICES SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
6 |
262179H |
C.I.
BUILDING INDUSTRIES SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
7 |
493667W |
C.I.
CONSTRUCTION SDN. BHD. |
Secretary |
10/06/2015 |
12/07/2016 |
- |
- |
|
8 |
122444W |
C.I.
DAMANSARA QUARRY SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
9 |
558790T |
C.I.
ENGINEERING SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
10 |
493665T |
C.I. HALLA
ENVIRONMENTAL TECHNOLOGY SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
11 |
37918A |
C.I.
HOLDINGS BERHAD |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
12 |
493663M |
C.I. MANAGEMENT
SDN. BHD. |
Secretary |
06/09/2005 |
12/07/2016 |
- |
- |
|
13 |
525355W |
C.I.
MARKETING SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
14 |
251393T |
C.I.
QUARRIES (NILAI) SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
15 |
15069K |
C.I.
QUARRIES SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
16 |
194337T |
C.I.
QUARRYING & MARKETING SDN. BHD. |
Director |
06/09/2005 |
06/07/2007 |
- |
- |
|
17 |
250604W |
CAPITAL
AIM SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
18 |
540703V |
CHAMPS
WATER SDN. BHD. |
Director |
06/09/2005 |
11/11/2011 |
- |
- |
|
19 |
540703V |
CHAMPS
WATER SDN. BHD. |
Secretary |
21/08/2007 |
29/02/2012 |
- |
- |
|
20 |
173543U |
CONTINENTAL
RESOURCES SDN. BHD. |
Secretary |
18/04/2014 |
12/07/2016 |
- |
- |
|
21 |
806750X |
DAZZLING
VICTORY SDN. BHD. |
Director |
18/07/2009 |
26/07/2010 |
- |
- |
|
22 |
36788T |
DOE
INDUSTRIES SDN BHD |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
23 |
728250U |
DOE
MARKETING SDN. BHD. |
Secretary |
21/08/2007 |
12/07/2016 |
- |
- |
|
24 |
599393U |
ELEGANT
FLOW SDN. BHD. |
Director |
18/02/2008 |
12/07/2016 |
- |
- |
|
25 |
599393U |
ELEGANT
FLOW SDN. BHD. |
Secretary |
18/02/2008 |
12/07/2016 |
- |
- |
|
26 |
15978V |
ETIKA BEVERAGES
SDN. BHD. |
Director |
28/08/2001 |
02/07/2002 |
- |
- |
|
27 |
15978V |
ETIKA
BEVERAGES SDN. BHD. |
Secretary |
21/08/2007 |
29/02/2012 |
- |
- |
|
28 |
770956P |
ETIKA
DISTRIBUTIONS SDN. BHD. |
Director |
25/04/2007 |
11/11/2011 |
- |
- |
|
29 |
770956P |
ETIKA
DISTRIBUTIONS SDN. BHD. |
Secretary |
21/08/2007 |
29/02/2012 |
- |
- |
|
30 |
770956P |
ETIKA
DISTRIBUTIONS SDN. BHD. |
Shareholder |
- |
- |
- |
- |
|
31 |
17296P |
ETIKA SDN.
BHD. |
Director |
06/09/2005 |
11/11/2011 |
- |
- |
|
32 |
17296P |
ETIKA SDN.
BHD. |
Secretary |
21/08/2007 |
29/02/2012 |
- |
- |
|
33 |
493666X |
ETIKA
VENDING SDN. BHD. |
Director |
06/09/2005 |
02/03/2010 |
- |
- |
|
34 |
493666X |
ETIKA
VENDING SDN. BHD. |
Secretary |
21/08/2007 |
29/02/2012 |
- |
- |
|
35 |
646252M |
JAG
CAPITAL HOLDINGS SDN. BHD. |
Secretary |
01/11/2012 |
12/07/2016 |
- |
- |
|
36 |
609361A |
JAG
PRIVATE EQUITY SDN. BHD. |
Secretary |
01/11/2012 |
12/07/2016 |
- |
- |
|
37 |
1037035U |
JAG SISMA
CAPITAL SDN. BHD. |
Secretary |
18/06/2013 |
12/07/2016 |
- |
- |
|
38 |
242216V |
MUTUAL
PROSPECT SDN.BHD |
Director |
06/09/2005 |
06/07/2007 |
- |
- |
|
39 |
266956P |
PALMTOP
VEGEOIL PRODUCTS SDN. BHD. |
Secretary |
18/09/2015 |
12/07/2016 |
- |
- |
|
40 |
533250U |
PINTAS
TIARA SDN. BHD. |
Director |
31/12/2004 |
11/07/2005 |
- |
- |
|
41 |
371637V |
PNC OIL
FACTORY (MALAYSIA) SDN. BHD. |
Secretary |
21/10/2015 |
12/07/2016 |
- |
- |
|
42 |
297534X |
POTEX
INDUSTRIES SDN. BHD. |
Secretary |
18/02/2008 |
12/07/2016 |
- |
- |
|
43 |
959350P |
SENTRAL BISTARI
SDN. BHD. |
Secretary |
29/02/2012 |
12/07/2016 |
- |
- |
DIRECTOR 5
|
Name Of
Subject |
: |
DATO'
SUKUMARAN S/O RAMASAMY |
|
Address |
: |
12, JALAN
SURIA 4/2, TAMAN SURIA, 81100 JOHOR BAHRU, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
5225049 |
|
New IC No |
: |
570523-04-5369 |
|
Date of
Birth |
: |
23/05/1957 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
27/03/2014 |
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 |
379497P |
AKB
GAYATHIRI SERVICES SDN. BHD. |
Shareholder |
- |
1.00 |
0.0007 |
MYR(1,035,446.00) |
2008 |
Disolved
by Registrar |
25/01/2018 |
|
2 |
37918A |
C.I.
HOLDINGS BERHAD |
Director |
10/06/2015 |
704,000.00 |
0.43 |
MYR38,573,000.00 |
2017 |
- |
25/01/2018 |
|
3 |
266956P |
PALMTOP
VEGEOIL PRODUCTS SDN. BHD. |
Director |
27/03/2014 |
2,475,000.00 |
18.00 |
MYR28,757,553.00 |
2017 |
- |
25/01/2018 |
|
4 |
371637V |
PNC OIL
FACTORY (MALAYSIA) SDN. BHD. |
Director |
22/11/2017 |
0.00 |
- |
MYR1,690,753.00 |
2017 |
- |
25/01/2018 |
FORMER
DIRECTOR(S)
|
Name |
Address |
IC/PP No |
Appointed
Date |
Withdrawn
Date |
|
YEOH JIN
BENG |
13-10,
SUCASA APARTMENT, 222, JALAN AMPANG, KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA |
520109-07-5495 |
28/03/1995 |
16/01/1998 |
|
YEOH JIN
HOE |
13-10
SUCASA APARTMENT, 222 JALAN AMPANG, KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA |
461103-08-5679 |
28/03/1995 |
16/01/1998 |
|
TIONG THAI
KIM |
9C,TINGKAT
1,LORONG 1, JALAN RUBY, SIBU, SIBU, SARAWAK, MALAYSIA |
590211-13-5419 |
28/10/1994 |
28/03/1995 |
|
TAN HOON
CHENG |
15 JALAN
SULTAN AZLAN SHAH, MINDEN HEIGHTS, GELUGOR, PULAU PINANG, MALAYSIA |
460223-07-5163 |
16/01/1998 |
01/04/2008 |
|
LEONG KOK
WAI |
15 JALAN
SS18/5G, SUBANG JAYA, PETALING JAYA, SELANGOR |
571106-07-5705 |
14/06/1993 |
28/10/1994 |
|
MOHD
MANSOR BIN HAJI SALLEH |
3,JALAN
KERAMBIT(11/4C), SHAH ALAM, SELANGOR, SHAH ALAM, SELANGOR, MALAYSIA |
440915-02-5193 |
16/01/1998 |
08/05/2001 |
|
IVY WEE
SWEE MOI |
TIADA,
TIADA, TIADA |
570530-04-5754 |
14/06/1993 |
28/10/1994 |
|
HII KIEW
HEE |
66A,LRG.9,
REJANG PARK, SIBU,SARAWAK, SIBU, SARAWAK, MALAYSIA |
561001-13-5362 |
28/10/1994 |
28/03/1995 |
|
HATIJAH
BINTI YUN |
20,TKT BUKIT
KECHIL 2, TMN SRI NIBONG, SG.NIBONG, PENANG, BAYAN LEPAS, PULAU PINANG,
MALAYSIA |
500817-08-5952 |
16/01/1998 |
01/04/2008 |
|
TAN FOK
WAH |
22, JALAN
KERIS 29, TAMAN PUTERI WANGSA, ULU TIRAM, JOHOR, MALAYSIA |
701112-04-5249 |
27/03/2014 |
08/06/2017 |
|
NG HUI
CHEN |
NO 22,
JALAN KERIS 29, TAMAN PUTERI WANGSA, ULU TIRAM, JOHOR, MALAYSIA |
700726-05-5252 |
27/03/2014 |
18/05/2015 |
|
KAMARAZAMAN
BIN YACOB |
69,LORONG
5, TAMAN DESA MINANG, SELANGOR |
490710035297 |
16/01/1998 |
01/04/2008 |
Note : The above information was generated
from our database.
MANAGEMENT
|
1) |
Name of
Subject |
: |
SUKUMARAN
S/O RAMASAMY |
|
Position |
: |
DIRECTOR |
AUDITO
|
Auditor |
: |
BDO |
|
Auditor'
Address |
: |
LEVEL 8, BDO
@ MENARA CENTARA, 360, JALAN TUANKU ABDUL RAHMAN, 50100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
COMPANY
SECRETARIES
|
1) |
Company
Secretary |
: |
MS. ON
POOI FONG |
|
IC / PP No |
: |
A1156588 |
|
|
New IC No |
: |
681228-08-5108 |
|
|
Address |
: |
24, JALAN
ANGGERIK ERIA 31/108, KOTA KEMUNING, 40460 SHAH ALAM, SELANGOR, MALAYSIA. |
|
BANKING
Banking relations are maintained principally with :
|
1) |
Name |
: |
ALLIANCE
BANK MALAYSIA BHD |
|
2) |
Name |
: |
AFFIN BANK
BERHAD |
ENCUMBRANCE
(S)
|
Charge No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
1 |
23/09/2005 |
N/A |
BUMIPUTRA-COMMERCE
BANK BERHAD |
- |
Satisfied |
|
2 |
23/09/2005 |
N/A |
BUMIPUTRA-COMMERCE
BANK BERHAD |
- |
Satisfied |
|
3 |
03/11/2008 |
FACILITY
AGREEMENT AND 1ST PARTY 1ST LEGAL CHARGE |
ALLIANCE
BANK MALAYSIA BERHAD |
- |
Satisfied |
|
4 |
20/09/2016 |
FACILITIES
AGREEMENT |
AFFIN BANK
BERHAD |
- |
Unsatisfied |
|
5 |
08/03/2017 |
MEMO OF
DEPOSIT |
MALAYAN
BANKING BERHAD |
MYR
50,000,000.00 |
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 |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its suppliers.
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 |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
Products manufactured |
: |
|
|||||
|
Competitor(s) |
: |
FELDA IFFCO SDN. BHD. |
|||||
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
80 |
100 |
100 |
||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing of palm
oil products.
The Subject manufacture pure vegetable cooking oil, soft oils and coconut and
popcorn oil.
The Subject also provide sweetened condensed milk, vegetable shortening and
vegetable ghee.
Vegetable oils are high in saturated and monosaturated fats, which makes it an
ideal choice for cooking as it is a stable oil for frying as well as maintains
natural flavours and tastes of foods during cooking. Its vegetable oils are
suitable for all types of cuisines and for shallow frying. It is stable at high
temperature and is a natural source of vitamin E.
Most importantly, vegetable oils are low in cholesterol and are trans-fat free,
which makes it a healthy choice.
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 |
: |
07-2553868/2526118 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
PLO 470, JALAN KELULI 1, KAWASAN
PERINDUSTRIAN PASIR GUDONG, MALAYSIA |
|
Current Address |
: |
PLO 470, JALAN KELULI 1, KAWASAN
PERINDUSTRIAN PASIR GUDANG, 81700 PASIR GUDANG, JOHOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
On 5th March 2018 we have contacted one of the staff from the Subject and she
provided some information.
The address provided is incomplete and as per stated in the report.
FINANCIAL
ANALYSIS
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2013 - 2017 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2013 - 2017 |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
47.27% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
71.48% |
] |
|
|
The Subject's turnover increased steadily
as the demand for its products / services increased due to the goodwill built
up over the years.The dip in profit could be due to the stiff market
competition which reduced the Subject's profit margin. 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. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
7 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
48 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
27 Days |
] |
|
|
The Subject's stocks were moving fast thus reducing
its holding cost. This had reduced funds being tied up in stocks. The
favourable debtors' days could be due to the good credit control measures
implemented by the Subject. The Subject had a favourable creditors' ratio
where the Subject could be taking advantage of the cash discounts and also
wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
1.05 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.15 Times |
] |
|
|
A minimum liquid ratio of 1 should be
maintained by the Subject in order to assure its creditors of its ability to
meet short term obligations and the Subject was in a good liquidity position.
Thus, we believe the Subject is able to meet all its short term obligations
as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Acceptable |
[ |
7.01 Times |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
2.92 Times |
] |
|
|
The Subject's interest cover was slightly
low. If there is no sharp fall in its profit or sudden increase in the
interest rates, we believe the Subject is able to generate sufficient income to
service its interest and repay the loans. The Subject was highly geared, thus
it had a high financial risk. The Subject was dependent on loans to finance
its business needs. In times of economic downturn and / or high interest
rate, the Subject will become less profitable and competitive than other
firms in the same industry, which are lowly geared. This is because the
Subject has to service the interest and to repay the loan, which will erode
part of its profits. The profits will fluctuate depending on the Subject's
turnover and the interest it needs to pay. |
||||||
|
Overall Assessment : |
||||||
|
Although the Subject's turnover had
increased, its profits had declined over the same corresponding period. This could
be due to the stiffer market competition and / or higher operating costs
which lowered the Subject's profit margin. 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 had an acceptable interest cover. If
there is no sudden sharp increase in interest rate or fall in the Subject's
profit, we do believe the Subject is able to generate sufficient cash flow to
service its interest payment. The Subject's gearing level was high and its
going concern will be in doubt if there is no injection of additional
shareholders' funds in times of economic downturn and / or high interest
rates. |
||||||
|
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 |
|
|
10402 : Manufacture of refined palm oil |
|
|
INDUSTRY : |
PALM OIL |
|
According to the Malaysian Palm Oil Council
(MPOC), Malaysia currently accounts for 39% of world palm oil production and
44% of world exports in year 2014. Malaysia is also one of the biggest
producers and exporters of oil palm and palm oil products. In the last 5
years until year 2014, Malaysia earned between RM50 billion and RM70 billion
a year from palm oil exports. |
|
|
Besides, the ongoing implementation of
Entry Point Projects (EPPs) under the National Key Economic Area (NKEA) on
palm oil to enhance productivity of upstream and downstream activities will
further boost the palm oil sector. Thus, palm oil sector is expected to grow
6.7% in 2014 (2013: 2.6%). Moreover, the total oil palm planted areas
increased 2.8% to 5.3 million hectares as at end-June 2014 (end-June 2013:
5.2 million hectares) following the opening of 30,544 hectares of cultivated
areas mainly in Sabah and Sarawak. Other than that, the production of palm
oil is expected to growth by 1.6% (19.52 million tonnes) in year 2014,
compared to 19.22 million tonnes in year 2013. |
|
|
According to Kenanga Research, the
estimated average crude palm oil (CPO) price for 2014 and 2015 is between
RM2,100 and RM2,500 per tonne due to lower inventory estimate by end-2015.
The estimated prices also lifted by factors such as biofuel demand and
petroleum price level. But, the average price of crude palm oil (CPO)
strengthened to RM2,542 per tonne during the first eight months of 2014
(January - August 2013: Rm2,309 per tonne). However, with production rising
in the second quarter coupled with high inventory level (end-August 2014: 2.1
million tonnes), the price of CPO moderated to RM2,162 per tonne as at
end-August 2014, and hitting a five-year low of RM1,914 per tonne in Sept
2014 as stockpiles surged to a more than 1 year high above 2 million tonnes.
The moderation in CPO prices was also due to a surge in global supplies of
edible oil, particularly the bumper harvest of soybean in the US. |
|
|
Over the total exports of major products in
year 2013, palm oil accounts 6.4% of share in the total exports. During the
first seven months of 2014, export receipts of palm oil rebounded by 4.9% to
RM25.8 billion (January - July 2013: -21.9%, RM 24.6 billion) due to higher
export prices averaging RM 2,703 per tonne (January - July 2013: Rm 2,456 per
tonne). As a measure to reduce the high inventory due to strong output, the
Government has exempted export tax on CPO until December 2014. The
Government's move to extend the export duty exemption for crude palm oil
(CPO) has received positive reaction from industry players. The chairman of
Malaysian Palm Oil Board (MPOB) said the move provided a stable effect on the
CPO market prices. |
|
|
In Budget 2015, there is an allocation of RM41
million for smallholders to plant and replant oil palm. The incentives for
commodities announced in Budget 2015 will help alleviate the problems faced
by the industry, especially the poor prices for rubber and palm oil. |
|
|
According to the Minister of Plantation
Industries and Commodities, the Malaysian government will increase the amount
of palm oil based bio-diesel in the national diesel supply mix from November
2014, in a move that will also help to increase consumption of crude palm oil
(CPO) and reduce stockpile levels of the commodity. The implementation of the
B7 blend will also increase the use palm oil which prices have softened due
to oversupply in the market. According to the Malaysian Palm Oil Council
(MPOC), CPO prices are expected to improve to between RM2,100 and RM2,500 in
year 2015, lifted by factors such as biofuel demand from the B7 programme.
CIMB Research estimates that the rollout could raise the country's palm oil
demand by 263,000-390,000 tonnes per annum, or 1-2% of the total palm oil
production in 2013. |
|
|
OVERALL INDUSTRY OUTLOOK : Mature |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
Incorporated in 1993, the Subject is a
Private Limited company, focusing on manufacturing of palm oil products. The Subject
has been in business for over two decades. It has built up a strong clientele
base and good reputation will enable the Subject to further enhance its
business in the near term. The Subject is expected to enjoy a stable market
shares. The Subject has a strong capital position of MYR 13,750,000. We are
confident with the Subject's business and its future growth prospect. Having
strong support from its holding company has enabled the Subject to remain
competitive despite the challenging business environment. |
PROFIT
AND LOSS ACCOUNT
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE
WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
PALMTOP VEGEOIL PRODUCTS SDN. BHD. |
|
Financial Year End |
2017-06-30 |
2016-06-30 |
2015-06-30 |
2014-12-31 |
2013-12-31 |
|
Months |
12 |
12 |
6 |
12 |
12 |
|
Consolidated Account |
GROUP |
GROUP |
GROUP |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
1,778,831,798 |
1,023,450,616 |
59,248,628 |
10,087,457 |
7,860,285 |
|
Other Income |
17,755,954 |
9,567,018 |
540,912 |
44,138 |
49,121 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
1,796,587,752 |
1,033,017,634 |
59,789,540 |
10,131,595 |
7,909,406 |
|
Costs of Goods Sold |
(1,699,720,726) |
(947,140,027) |
(46,758,728) |
(5,690,901) |
(2,343,191) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
96,867,026 |
85,877,607 |
13,030,812 |
4,440,694 |
5,566,215 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
37,280,160 |
39,416,846 |
6,782,101 |
(261,285) |
494,667 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
37,280,160 |
39,416,846 |
6,782,101 |
(261,285) |
494,667 |
|
Taxation |
(8,522,607) |
(10,063,511) |
(1,798,977) |
10,391 |
(328,987) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
28,757,553 |
29,353,335 |
4,983,124 |
(250,894) |
165,680 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
33,320,633 |
7,954,798 |
(1,227,561) |
(1,108,324) |
(1,274,004) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
33,320,633 |
7,954,798 |
(1,227,561) |
(1,108,324) |
(1,274,004) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
62,078,186 |
37,308,133 |
3,755,563 |
(1,359,218) |
(1,108,324) |
|
TRANSFER TO RESERVES - General |
- |
- |
4,199,235 |
- |
- |
|
DIVIDENDS - Ordinary (paid & proposed) |
(14,960,000) |
(3,987,500) |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
47,118,186 |
33,320,633 |
7,954,798 |
(1,359,218) |
(1,108,324) |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Bankers' acceptance |
- |
747,318 |
- |
- |
- |
|
Hire purchase |
- |
- |
- |
24,685 |
7,557 |
|
Loan from holding company |
- |
499,836 |
- |
- |
- |
|
Term loan / Borrowing |
- |
- |
- |
93,791 |
109,856 |
|
Others |
6,200,256 |
3,799,273 |
72,600 |
2,445 |
2,210 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
6,200,256 |
5,046,427 |
72,600 |
120,921 |
119,623 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
2,504,656 |
1,902,269 |
527,499 |
977,264 |
513,567 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
2,504,656 |
1,902,269 |
527,499 |
977,264 |
513,567 |
|
============= |
============= |
============= |
============= |
============= |
BALANCE
SHEET
|
PALMTOP VEGEOIL PRODUCTS SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
17,140,388 |
15,054,203 |
10,546,288 |
7,366,240 |
3,072,269 |
|
INTANGIBLE ASSETS |
|||||
|
Goodwill on consolidation |
990,621 |
990,621 |
990,621 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL INTANGIBLE ASSETS |
990,621 |
990,621 |
990,621 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
18,131,009 |
16,044,824 |
11,536,909 |
7,366,240 |
3,072,269 |
|
CURRENT ASSETS |
|||||
|
Stocks |
33,365,775 |
20,771,285 |
5,483,699 |
- |
- |
|
Trade debtors |
235,792,395 |
117,376,985 |
52,440,888 |
867,224 |
922,863 |
|
Other debtors, deposits & prepayments |
42,710,711 |
63,523,521 |
2,010,480 |
107,260 |
133,245 |
|
Cash & bank balances |
65,526,942 |
29,026,861 |
3,864,312 |
1,073,500 |
996,877 |
|
Others |
9,585,781 |
2,773,310 |
- |
96,000 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
386,981,604 |
233,471,962 |
63,799,379 |
2,143,984 |
2,052,985 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
405,112,613 |
249,516,786 |
75,336,288 |
9,510,224 |
5,125,254 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
125,410,786 |
43,588,320 |
20,351,895 |
1,367,614 |
1,818,558 |
|
Other creditors & accruals |
21,797,773 |
23,024,830 |
5,257,080 |
567,647 |
750,396 |
|
Hire purchase & lease creditors |
1,243,787 |
421,568 |
147,154 |
- |
- |
|
Short term borrowings/Term loans |
- |
302,457 |
280,642 |
346,704 |
346,704 |
|
Other borrowings |
80,659,456 |
9,513,752 |
- |
- |
- |
|
Bill & acceptances payable |
91,214,000 |
- |
- |
- |
- |
|
Amounts owing to holding company |
10,310,026 |
36,992,145 |
21,634,429 |
- |
- |
|
Amounts owing to related companies |
- |
- |
519,724 |
- |
- |
|
Amounts owing to director |
29,436 |
1,927,687 |
2,373,140 |
3,003,425 |
- |
|
Provision for taxation |
1,339,131 |
3,330,504 |
1,312,585 |
- |
- |
|
Other liabilities |
3,986,644 |
79,075,512 |
- |
- |
267,787 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
335,991,039 |
198,176,775 |
51,876,649 |
5,285,390 |
3,183,445 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
50,990,565 |
35,295,187 |
11,922,730 |
(3,141,406) |
(1,130,460) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Long term loans |
- |
427,755 |
730,016 |
797,220 |
1,050,133 |
|
Hire purchase creditors |
4,262,404 |
1,221,086 |
609,919 |
- |
- |
|
Deferred taxation |
4,028,249 |
2,654,789 |
414,906 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
8,290,653 |
4,303,630 |
1,754,841 |
797,220 |
1,050,133 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
60,830,921 |
47,036,381 |
21,704,798 |
3,427,614 |
891,676 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
13,750,000 |
13,750,000 |
13,750,000 |
2,000,000 |
2,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
13,750,000 |
13,750,000 |
13,750,000 |
2,000,000 |
2,000,000 |
|
RESERVES |
|||||
|
Revaluation reserve |
- |
- |
- |
2,786,832 |
- |
|
Exchange equalisation/fluctuation reserve |
(37,265) |
(34,252) |
- |
- |
- |
|
Retained profit/(loss) carried forward |
47,118,186 |
33,320,633 |
7,954,798 |
(1,359,218) |
(1,108,324) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
47,080,921 |
33,286,381 |
7,954,798 |
1,427,614 |
(1,108,324) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
60,830,921 |
47,036,381 |
21,704,798 |
3,427,614 |
891,676 |
|
============= |
============= |
============= |
============= |
============= |
|
FINANCIAL
RATIO
|
PALMTOP VEGEOIL PRODUCTS SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
65,526,942 |
29,026,861 |
3,864,312 |
1,073,500 |
996,877 |
|
Net Liquid Funds |
(25,687,058) |
29,026,861 |
3,864,312 |
1,073,500 |
996,877 |
|
Net Liquid Assets |
17,624,790 |
14,523,902 |
6,439,031 |
(3,141,406) |
(1,130,460) |
|
Net Current Assets/(Liabilities) |
50,990,565 |
35,295,187 |
11,922,730 |
(3,141,406) |
(1,130,460) |
|
Net Tangible Assets |
59,840,300 |
46,045,760 |
20,714,177 |
3,427,614 |
891,676 |
|
Net Monetary Assets |
9,334,137 |
10,220,272 |
4,684,190 |
(3,938,626) |
(2,180,593) |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
43,480,416 |
44,463,273 |
6,854,701 |
(140,364) |
614,290 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
45,985,072 |
46,365,542 |
7,382,200 |
836,900 |
1,127,857 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
177,379,647 |
11,886,618 |
1,767,731 |
1,143,924 |
1,396,837 |
|
Total Liabilities |
344,281,692 |
202,480,405 |
53,631,490 |
6,082,610 |
4,233,578 |
|
Total Assets |
405,112,613 |
249,516,786 |
75,336,288 |
9,510,224 |
5,125,254 |
|
Net Assets |
60,830,921 |
47,036,381 |
21,704,798 |
3,427,614 |
891,676 |
|
Net Assets Backing |
60,830,921 |
47,036,381 |
21,704,798 |
3,427,614 |
891,676 |
|
Shareholders' Funds |
60,830,921 |
47,036,381 |
21,704,798 |
3,427,614 |
891,676 |
|
Total Share Capital |
13,750,000 |
13,750,000 |
13,750,000 |
2,000,000 |
2,000,000 |
|
Total Reserves |
47,080,921 |
33,286,381 |
7,954,798 |
1,427,614 |
(1,108,324) |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
73.81 |
1,627.38 |
487.35 |
28.33 |
(9.10) |
|
Proft/(Loss) Before Tax |
(5.42) |
481.19 |
2,695.67 |
(152.82) |
897.69 |
|
Proft/(Loss) After Tax |
(2.03) |
489.05 |
2,086.15 |
(251.43) |
280.34 |
|
Total Assets |
62.36 |
231.20 |
692.16 |
85.56 |
(37.63) |
|
Total Liabilities |
70.03 |
277.54 |
781.72 |
43.68 |
(43.49) |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.20 |
0.15 |
0.07 |
0.20 |
0.31 |
|
Liquid Ratio |
1.05 |
1.07 |
1.12 |
0.41 |
0.64 |
|
Current Ratio |
1.15 |
1.18 |
1.23 |
0.41 |
0.64 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
7 |
7 |
34 |
0 |
0 |
|
Debtors Ratio |
48 |
42 |
323 |
31 |
43 |
|
Creditors Ratio |
27 |
17 |
159 |
88 |
283 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
2.92 |
0.25 |
0.08 |
0.33 |
1.57 |
|
Liabilities Ratio |
5.66 |
4.30 |
2.47 |
1.77 |
4.75 |
|
Times Interest Earned Ratio |
7.01 |
8.81 |
94.42 |
(1.16) |
5.14 |
|
Assets Backing Ratio |
4.35 |
3.35 |
1.51 |
1.71 |
0.45 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
2.10 |
3.85 |
11.45 |
(2.59) |
6.29 |
|
Net Profit Margin |
1.62 |
2.87 |
8.41 |
(2.49) |
2.11 |
|
Return On Net Assets |
71.48 |
94.53 |
31.58 |
(4.10) |
68.89 |
|
Return On Capital Employed |
60.93 |
84.29 |
27.87 |
(3.32) |
31.63 |
|
Return On Shareholders' Funds/Equity |
47.27 |
62.41 |
22.96 |
(7.32) |
18.58 |
|
Dividend Pay Out Ratio (Times) |
0.52 |
0.14 |
0 |
0 |
0 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.96 |
|
|
1 |
INR 90.34 |
|
Euro |
1 |
INR 80.75 |
|
MYR |
1 |
INR 16.64 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
POJ |
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.