|
|
|
MIRA
INFORM REPORT
|
Report No. : |
498431 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
CREATIVE INGREDIENTS SDN. BHD. |
|
|
|
|
Registered Office : |
123B, Jalan 25, Taman Melaka Raya, 75000 Melaka, Melaka, |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
17.05.2007 |
|
|
|
|
Com. Reg. No.: |
773785-U |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in the trading of food ingredients. |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
MALAYSIA - ECONOMIC
OVERVIEW
Malaysia, an upper middle-income country, has transformed itself since the 1970s from a producer of raw materials into a multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move further up the value-added production chain by attracting investments in high technology, knowledge-based industries and services. NAJIB's Economic Transformation Program is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. Malaysia is vulnerable to a fall in world commodity prices or a general slowdown in global economic activity.
The NAJIB administration is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Domestic demand continues to anchor economic growth, supported mainly by private consumption, which accounts for 53% of GDP. Nevertheless, exports - particularly of electronics, oil and gas, and palm oil - remain a significant driver of the economy. In 2015, gross exports of goods and services were equivalent to 73% of GDP. The oil and gas sector supplied about 22% of government revenue in 2015, down significantly from prior years amid a decline in commodity prices and diversification of government revenues. Malaysia has embarked on a fiscal reform program aimed at achieving a balanced budget by 2020, including rationalization of subsidies and the 2015 introduction of a 6% value added tax. Sustained low commodity prices throughout the period not only strained government finances, but also shrunk Malaysia’s current account surplus and weighed heavily on the Malaysian ringgit, which was among the region’s worst performing currencies during 2013-17. The ringgit hit new lows following the US presidential election amid a broader selloff of emerging market assets.
Bank Negara Malaysia (the central bank) maintains adequate foreign exchange reserves; a well-developed regulatory regime has limited Malaysia's exposure to riskier financial instruments, although it remains vulnerable to volatile global capital flows. In order to increase Malaysia’s competitiveness, Prime Minister NAJIB raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but retreated in 2013 after he encountered significant opposition from Malay nationalists and other vested interests. In September 2013 NAJIB launched the new Bumiputra Economic Empowerment Program, policies that favor and advance the economic condition of ethnic Malays.
Malaysia signed the 12-nation Trans-Pacific Partnership (TPP) free trade agreement in February 2016, although the future of the TPP remains unclear following the US withdrawal from the agreement. Along with nine other ASEAN members, Malaysia established the ASEAN Economic Community in 2015, which aims to advance regional economic integration.
|
Source
: CIA |
EXECUTIVE SUMMARY
|
REGISTRATION NO. |
: |
773785-U |
||||
|
GST NO. |
: |
001729503232 |
||||
|
COMPANY NAME |
: |
CREATIVE INGREDIENTS SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
17/05/2007 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
123B, JALAN 25, TAMAN MELAKA RAYA, 75000 MELAKA, MELAKA,
MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
5, JALAN BA/13, KAWASAN PERUSAHAAN BUKIT ANGKAT, 43000 KAJANG,
SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-87391370 |
||||
|
FAX.NO. |
: |
03-87391310 |
||||
|
WEB SITE |
: |
WWW.CISBM.COM |
||||
|
CONTACT PERSON |
: |
YONG PO CHOO ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46329 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF FOOD INGREDIENTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 100,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 100,000.00 DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
10 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
UNKNOWN |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
HISTORY / BACKGROUND |
The Subject is an exempt private
company which is allowed to have a minimum of two and a maximum of twenty
shareholders and all the shareholders must be individuals. An exempt company is
a type of private limited company. As a private limited company, the Subject
shall have a minimum one director. A private limited company is a separate
legal entity from its shareholders. As a separate legal entity, the Subject is
capable of owning assets, entering into contracts, suing or be sued by other
companies. The Subject is governed by the Companies Act, 1965 and must file in
its annual return. The Subject need not file in its financial statements but it
has to file in a document duly signed by its director in charge of its finance,
the secretary and its auditor stating that the Subject is able to meet all its
obligations as and when they fall due. Although the Subject is not required to
file in its financial statements, it also has to prepare its financial account
which must be presented at the Annual General Meeting.
The Subject is principally engaged in the (as a / as an) trading
of food ingredients.
The Subject is not listed on Bursa Malaysia (Malaysia Stock
Exchange).
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
15/02/2013 |
MYR 100,000.00 |
MYR 100,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. ONG CHIN CHIEN + |
NO.17, TAMAN ASEAN, JALAN MALIM, 75250 MELAKA, MELAKA, MALAYSIA. |
711222-04-5089 A2019676 |
75,000.00 |
75.00 |
|
MR. MOONG CHAN PHENG + |
NO. 5, JALAN BA/13, KAWASAN PERUSAHAAN BUKIT ANGKAT, 43000
KAJANG, SELANGOR, MALAYSIA. |
690609-08-5093 A1280906 |
20,000.00 |
20.00 |
|
MS. YONG PO CHOO + |
7, JALAN PUTERI 8/10, BANDAR PUTERI, 47100 PUCHONG, SELANGOR,
MALAYSIA. |
710814-04-5088 A1788487 |
5,000.00 |
5.00 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
BONG AH MUI |
MALAYSIA |
391209-04-5068 |
5,000.00 |
N/A |
|
LILY ONG |
MALAYSIA |
460602-04-5044 |
5,000.00 |
N/A |
|
NG SWEE BEE |
MALAYSIA |
520210-08-5874 |
15,000.00 |
N/A |
|
TEH POOI SIE |
MALAYSIA |
760415-08-5926 |
20,000.00 |
N/A |
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
MS. YONG PO CHOO |
|
Address |
: |
7, JALAN PUTERI 8/10, BANDAR PUTERI, 47100 PUCHONG, SELANGOR,
MALAYSIA. |
|
Other Address(es) |
: |
NO. 262-E, KAMPUNG LAPAN, 75200 MELAKA, MELAKA, MALAYSIA. |
|
IC / PP No |
: |
A1788487 |
|
New IC No |
: |
710814-04-5088 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
17/05/2007 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
773785U |
CREATIVE INGREDIENTS SDN. BHD. |
Director |
17/05/2007 |
5,000.00 |
5.00 |
MYR(3,970.00) |
2007 |
- |
23/02/2018 |
|
2 |
1194269K |
MULTI VEST HOLDINGS SDN. BHD. |
Director |
12/07/2016 |
100.00 |
10.00 |
- |
- |
- |
23/02/2018 |
|
3 |
893373W |
OCC RESOURCES SDN. BHD. |
Director |
16/03/2010 |
2.00 |
20.00 |
MYR30,388.00 |
2016 |
- |
23/02/2018 |
|
4 |
866297T |
OLAM FLAVOURS & FRAGRANCES SDN. BHD. |
Director |
28/07/2009 |
37,500.00 |
5.00 |
MYR(79,208.00) |
2016 |
- |
23/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. MOONG CHAN PHENG |
|
Address |
: |
NO. 5, JALAN BA/13, KAWASAN PERUSAHAAN BUKIT ANGKAT, 43000
KAJANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A1280906 |
|
New IC No |
: |
690609-08-5093 |
|
Date of Birth |
: |
09/06/1969 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
25/08/2010 |
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 |
773785U |
CREATIVE INGREDIENTS SDN. BHD. |
Director |
25/08/2010 |
20,000.00 |
20.00 |
MYR(3,970.00) |
2007 |
- |
23/02/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
468957H |
INNO-COSMIC SDN. BHD. |
Director |
12/11/1998 |
13/03/2000 |
- |
- |
DIRECTOR 3
|
Name Of Subject |
: |
MR. ONG CHIN CHIEN |
|
Address |
: |
NO.17, TAMAN ASEAN, JALAN MALIM, 75250 MELAKA, MELAKA, MALAYSIA. |
|
IC / PP No |
: |
A2019676 |
|
New IC No |
: |
711222-04-5089 |
|
Date of Birth |
: |
22/12/1971 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
25/08/2010 |
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 |
773785U |
CREATIVE INGREDIENTS SDN. BHD. |
Director |
25/08/2010 |
75,000.00 |
75.00 |
MYR(3,970.00) |
2007 |
- |
23/02/2018 |
|
2 |
893373W |
OCC RESOURCES SDN. BHD. |
Director |
16/03/2010 |
8.00 |
80.00 |
MYR30,388.00 |
2016 |
- |
23/02/2018 |
|
3 |
866297T |
OLAM FLAVOURS & FRAGRANCES SDN. BHD. |
Director |
28/07/2009 |
562,500.00 |
75.00 |
MYR(79,208.00) |
2016 |
- |
23/02/2018 |
|
4 |
514826K |
VICTUAL INDUSTRIES SDN. BHD. |
Director |
22/05/2000 |
749,999.00 |
75.00 |
MYR607,199.00 |
2007 |
- |
23/02/2018 |
|
5 |
136039V |
VITALEAD ENTERPRISE SDN BHD |
Shareholder |
- |
75,000.00 |
16.67 |
MYR142,679.00 |
2015 |
- |
23/02/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
776430U |
PE2E (MALAYSIA) SDN. BHD. |
Director |
08/06/2007 |
16/12/2008 |
- |
- |
|
2 |
776430U |
PE2E (MALAYSIA) SDN. BHD. |
Shareholder |
- |
- |
- |
- |
FORMER DIRECTOR(S) |
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
TEH POOI SIE |
35-1B, JALAN DAENG SELILI, KUALA KANGSAR, PERAK, MALAYSIA |
760415-08-5926 |
13/03/2008 |
25/08/2010 |
|
NG SWEE BEE |
NO. 5 JALAN PENGKALAN ENAM, TAMAN PENGKALAN JAYA, IPOH, PERAK,
MALAYSIA |
520210-08-5874 |
17/05/2007 |
25/08/2010 |
|
LILY ONG |
NO. 17, TAMAN ASEAN, MALIM, MELAKA, MELAKA, MALAYSIA |
460602-04-5044 |
17/05/2007 |
25/08/2010 |
|
BONG AH MUI |
A1-6,SRI MANJA COURT,TAMAN SER MANJA, BT.61/2, P.J.SEL.,
PETALING JAYA, SELANGOR, MALAYSIA |
391209-04-5068 |
17/05/2007 |
25/08/2010 |
Note : The above information was generated from our database.
MANAGEMENT |
|
1) |
Name of Subject |
: |
YONG PO CHOO |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR |
|
Auditor |
: |
KY SIOW & CO. |
|
Auditor' Address |
: |
123A, JALAN 25, TAMAN MELAKA RAYA, MALAYSIA. |
|
|
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
MS. NG SWEE CHIN |
|
IC / PP No |
: |
A1787144 |
|
|
New IC No |
: |
710622-04-5198 |
|
|
Address |
: |
1, JALAN SRI DUYUNG 2, TAMAN SRI DUYUNG, 75460 MELAKA, MELAKA,
MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MR. KOH CHIN KOON |
|
IC / PP No |
: |
A1548456 |
|
|
New IC No |
: |
700717-04-5263 |
|
|
Address |
: |
343 D, JALAN MELOR 2/1, TAMAN PERINGGIT JAYA, 75450 AIR KEROH,
MELAKA, MALAYSIA. |
|
|
|
BANKING |
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
ENCUMBRANCE (S) |
No encumbrance was found in our databank at the time of investigation.
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT |
* A check has been conducted in our databank againt 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.
CRIMINAL RECORDS CHECK - SUBJECT COMPANY AS A DEFENDANT |
* A check has been conducted in our databank againt the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No criminal record was found in our databank.
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A PLAINTIFF |
* A check has been conducted in our databank againt the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No plaintiff record was found in our databank.
CRIMINAL RECORDS CHECK - SUBJECT COMPANY AS A PLAINTIFF |
* A check has been conducted in our databank againt the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No plaintiff record 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 listed by our customers and debtors that have been
placed or assigned to us for collection.
No defaulter record & debt collection case was found in our defaulters'
databank.
PAYMENT RECORD |
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
|
Import Countries |
: |
ASIA |
CLIENTELE |
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
VIETNAM |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS |
|
Goods Traded |
: |
FOOD INGREDIENTS |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
2015 |
2013 |
||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
10 |
10 |
8 |
5 |
5 |
||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of food
ingredients.
The Subject's major activities are both in trading of food ingredients on
agency basis as well as involved in functional blends manufacturing.
The industries served as follows:
Food industries
Pharmaceutical industries
Personal care industries
RECENT DEVELOPMENT |
We have checked with the Malaysian National News Agency's (BERNAMA) database,
but no recent development was noted during the time of inspection.
CURRENT INVESTIGATION |
Latest fresh investigations carried out on the Subject indicated
that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-87391370 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
NO 5 JALAN BA/13 KAW PERU SAHAAN BUKIT ANGKAT 43000 KAJANG
SELANGOR DARUL EHSAN MALAYSIA |
|
Current Address |
: |
5, JALAN BA/13, KAWASAN PERUSAHAAN BUKIT ANGKAT, 43000 KAJANG,
SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
NO |
Other Investigations
We have contacted one of the staff from the Subject and she
provided some information.
The address is as per stated in the report.
FINANCIAL ANALYSIS |
|
|
|
The Subject is a private exempt company which does not need to
file in its accounts with the Registrar of Companies for the information of
the public. Therefore, we are not able to comment on the Subject's financial
performance. |
||||||
|
Overall financial condition of the Subject : N/A |
||||||
|
|
||||||
MALAYSIA ECONOMIC / INDUSTRY OUTLOOK |
|
Major Economic Indicators: |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Population ( Million) |
30.0 |
31.0 |
31.6 |
32.1 |
32.9 |
|
Gross Domestic Products ( % ) |
6.0 |
4.6 |
4.2 |
5.3 |
5.4 |
|
Domestic Demand ( % ) |
6.4 |
6.2 |
4.3 |
6.3 |
6.4 |
|
Private Expenditure ( % ) |
7.9 |
6.9 |
7.8 |
7.4 |
7.3 |
|
Consumption ( % ) |
6.5 |
6.1 |
5.1 |
6.9 |
6.8 |
|
Investment ( % ) |
12.0 |
8.1 |
10.0 |
9.3 |
8.9 |
|
Public Expenditure ( % ) |
2.3 |
4.2 |
3.3 |
5.3 |
5.5 |
|
Consumption ( % ) |
2.1 |
4.3 |
2.0 |
2.7 |
1.3 |
|
Investment ( % ) |
2.6 |
(1.0) |
1.1 |
3.4 |
3.8 |
|
Balance of Trade ( MYR Million ) |
82,480 |
91,577 |
88,145 |
94,593 |
96,993 |
|
Government Finance ( MYR Million ) |
(37,414) |
(37,194) |
(38,401) |
(39,887) |
(39,790) |
|
Government Finance to GDP / Fiscal Deficit ( % ) |
(3.4) |
(3.2) |
(3.1) |
(3.0) |
(2.8) |
|
Inflation ( % Change in Composite CPI) |
3.2 |
4.0 |
2.1 |
3.5 |
3.0 |
|
Unemployment Rate |
2.9 |
3.1 |
3.4 |
3.4 |
3.3 |
|
Net International Reserves ( MYR Billion ) |
417 |
390 |
391 |
- |
- |
|
Average Risk-Weighted Capital Adequacy Ratio ( % ) |
4.00 |
3.50 |
- |
- |
- |
|
Average 3 Months of Non-performing Loans ( % ) |
2.10 |
2.00 |
1.90 |
- |
- |
|
Average Base Lending Rate ( % ) |
6.85 |
6.79 |
6.81 |
6.73 |
- |
|
Business Loans Disbursed( % ) |
18.6 |
2.2 |
- |
- |
- |
|
Foreign Investment ( MYR Million ) |
43,486.6 |
43,435.0 |
- |
- |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration of New Companies ( No. ) |
49,203 |
45,658 |
43,255 |
- |
- |
|
Registration of New Companies ( % ) |
6.1 |
(7.2) |
(5.3) |
- |
- |
|
Liquidation of Companies ( No. ) |
11,099 |
7,066 |
- |
- |
- |
|
Liquidation of Companies ( % ) |
(19.5) |
(36.3) |
- |
- |
- |
|
Registration of New Business ( No. ) |
332,723 |
364,230 |
376,720 |
- |
- |
|
Registration of New Business ( % ) |
1.0 |
9.0 |
3.0 |
- |
- |
|
Business Dissolved ( No. ) |
21,436 |
- |
- |
- |
- |
|
Business Dissolved ( % ) |
18.0 |
- |
- |
- |
- |
|
Sales of New Passenger Cars (' 000 Unit ) |
588.3 |
591.3 |
514.6 |
527.8 |
- |
|
Cellular Phone Subscribers ( Million ) |
44.0 |
44.2 |
44.0 |
- |
- |
|
Tourist Arrival ( Million Persons ) |
27.4 |
25.7 |
30.2 |
30.1 |
- |
|
Hotel Occupancy Rate ( % ) |
63.6 |
58.8 |
61.2 |
- |
- |
|
Credit Cards Spending ( % ) |
5.8 |
6.8 |
6.3 |
- |
- |
|
Bad Cheque Offenders (No.) |
- |
- |
- |
- |
- |
|
Individual Bankruptcy ( No.) |
22,351 |
18,457 |
- |
- |
- |
|
Individual Bankruptcy ( % ) |
1.7 |
(17.4) |
- |
- |
- |
|
INDUSTRIES ( % of Growth ): |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Agriculture |
2.0 |
1.3 |
(5.1) |
5.6 |
2.4 |
|
Palm Oil |
6.7 |
7.0 |
(12.7) |
11.8 |
- |
|
Rubber |
(10.4) |
(11.0) |
(6.3) |
10.8 |
- |
|
Forestry & Logging |
(4.2) |
(7.2) |
(3.0) |
(15.0) |
- |
|
Fishing |
2.7 |
2.1 |
2.2 |
0.2 |
- |
|
Other Agriculture |
6.2 |
6.0 |
5.1 |
2.4 |
- |
|
Industry Non-Performing Loans ( MYR Million ) |
303.8 |
343.7 |
420.3 |
- |
- |
|
% of Industry Non-Performing Loans |
1.4 |
1.5 |
1.8 |
- |
- |
|
Mining |
3.3 |
5.3 |
2.2 |
0.5 |
0.9 |
|
Oil & Gas |
3.0 |
3.5 |
4.5 |
- |
- |
|
Other Mining |
46.6 |
47.1 |
42.6 |
- |
- |
|
Industry Non-performing Loans ( MYR Million ) |
63.5 |
180.1 |
190.0 |
- |
- |
|
% of Industry Non-performing Loans |
0.3 |
0.8 |
0.8 |
- |
- |
|
Manufacturing # |
6.1 |
4.9 |
4.4 |
5.5 |
5.3 |
|
Exported-oriented Industries |
7.1 |
6.5 |
4.3 |
6.5 |
- |
|
Electrical & Electronics |
11.8 |
9.2 |
6.8 |
9.3 |
- |
|
Rubber Products |
(1.3) |
5.1 |
5.0 |
6.9 |
- |
|
Wood Products |
7.8 |
7.0 |
7.8 |
7.3 |
- |
|
Textiles & Apparel |
10.8 |
7.5 |
7.5 |
7.4 |
- |
|
Domestic-oriented Industries |
7.7 |
4.7 |
3.4 |
6.2 |
- |
|
Food, Beverages & Tobacco |
6.1 |
8.9 |
7.5 |
11.0 |
- |
|
Chemical & Chemical Products |
1.4 |
3.5 |
4.5 |
3.5 |
- |
|
Plastic Products |
2.7 |
3.9 |
5.1 |
- |
- |
|
Iron & Steel |
2.8 |
1.6 |
2.2 |
- |
- |
|
Fabricated Metal Products |
2.8 |
4.6 |
5.6 |
4.6 |
- |
|
Non-metallic Mineral |
6.9 |
6.8 |
6.3 |
5.4 |
- |
|
Transport Equipment |
14.4 |
5.2 |
(3.1) |
4.7 |
- |
|
Paper & Paper Products |
4.7 |
3.2 |
5.4 |
5.8 |
- |
|
Crude Oil Refineries |
13.0 |
14.3 |
13.7 |
- |
- |
|
Industry Non-Performing Loans ( MYR Million ) |
5,730.8 |
4,243.7 |
4,214.1 |
- |
- |
|
% of Industry Non-Performing Loans |
25.6 |
19.0 |
18.5 |
- |
- |
|
Construction |
11.7 |
8.2 |
7.4 |
7.6 |
7.5 |
|
Industry Non-Performing Loans ( MYR Million ) |
1,666.4 |
1,638.0 |
1,793.9 |
- |
- |
|
% of Industry Non-Performing Loans |
7.5 |
7.3 |
7.9 |
- |
- |
|
Services |
6.6 |
5.1 |
5.6 |
5.9 |
5.8 |
|
Electric, Gas & Water |
3.8 |
3.6 |
5.4 |
2.5 |
2.6 |
|
Transport, Storage & Communication |
7.70 |
7.55 |
6.85 |
7.35 |
7.30 |
|
Wholesale, Retail, Hotel & Restaurant |
7.70 |
6.65 |
6.65 |
7.05 |
6.65 |
|
Finance, Insurance & Real Estate |
5.15 |
2.90 |
4.70 |
5.70 |
5.90 |
|
Government Services |
6.3 |
4.0 |
4.9 |
4.4 |
4.5 |
|
Other Services |
4.8 |
4.7 |
4.8 |
5.3 |
5.3 |
|
Industry Non-Performing Loans ( MYR Million ) |
5,373.5 |
6,806.6 |
7,190.6 |
- |
- |
|
% of Industry Non-Performing Loans |
24.1 |
30.5 |
31.5 |
- |
- |
|
* Estimate / Preliminary |
|||||
|
** Forecast |
|||||
|
# Based On Manufacturing Production Index |
|||||
INDUSTRY ANALYSIS |
|
MSIC CODE |
|
|
46329 : Wholesale of other foodstuffs |
|
|
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 |
|
|
PROFIT AND LOSS ACCOUNT |
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH
MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
CREATIVE INGREDIENTS SDN. BHD. |
Note : The Subject is an Exempt Private Company and it is not
required by law to file its financials for public view. The below financials
are the last financial that submitted by the Subject to the Registrar before
changed to Exempt Private Company.
|
Financial Year End |
2007-12-31 |
|
Months |
7 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
|
Financial Type |
FULL |
|
Currency |
MYR |
|
PROFIT/(LOSS) FROM OPERATIONS |
(3,970) |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(3,970) |
|
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(3,970) |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
(3,970) |
|
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
(3,970) |
|
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(3,970) |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(3,970) |
|
============= |
|
|
|
|
BALANCE SHEET |
|
|
|
CREATIVE INGREDIENTS SDN. BHD. |
|
---------------- |
|
|
CURRENT ASSETS |
|
|
Cash & bank balances |
903 |
|
---------------- |
|
|
TOTAL CURRENT ASSETS |
903 |
|
---------------- |
|
|
TOTAL ASSET |
903 |
|
============= |
|
|
CURRENT LIABILITIES |
|
|
Other creditors & accruals |
609 |
|
Amounts owing to director |
4,164 |
|
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
4,773 |
|
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
(3,870) |
|
---------------- |
|
|
TOTAL NET ASSETS |
(3,870) |
|
============= |
|
|
FINANCED BY: |
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
100 |
|
---------------- |
|
|
TOTAL SHARE CAPITAL |
100 |
|
RESERVES |
|
|
Retained profit/(loss) carried forward |
(3,970) |
|
---------------- |
|
|
TOTAL RESERVES |
(3,970) |
|
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
(3,870) |
|
============= |
|
FINANCIAL RATIO |
|
|
|
CREATIVE INGREDIENTS SDN. BHD. |
|
TYPES OF FUNDS |
|
|
Cash |
903 |
|
Net Liquid Funds |
903 |
|
Net Liquid Assets |
(3,870) |
|
Net Current Assets/(Liabilities) |
(3,870) |
|
Net Tangible Assets |
(3,870) |
|
Net Monetary Assets |
(3,870) |
|
PROFIT & LOSS ITEMS |
|
|
Earnings Before Interest & Tax (EBIT) |
(3,970) |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
(3,970) |
|
BALANCE SHEET ITEMS |
|
|
Total Borrowings |
0 |
|
Total Liabilities |
4,773 |
|
Total Assets |
903 |
|
Net Assets |
(3,870) |
|
Net Assets Backing |
(3,870) |
|
Shareholders' Funds |
(3,870) |
|
Total Share Capital |
100 |
|
Total Reserves |
(3,970) |
|
GROWTH RATIOS (Year on Year) (%) |
|
|
Revenue |
- |
|
Proft/(Loss) Before Tax |
- |
|
Proft/(Loss) After Tax |
- |
|
Total Assets |
- |
|
Total Liabilities |
- |
|
LIQUIDITY (Times) |
|
|
Cash Ratio |
0.19 |
|
Liquid Ratio |
0.19 |
|
Current Ratio |
0.19 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
Stock Ratio |
0 |
|
Debtors Ratio |
0 |
|
Creditors Ratio |
0 |
|
SOLVENCY RATIOS (Times) |
|
|
Gearing Ratio |
0 |
|
Liabilities Ratio |
(1.23) |
|
Times Interest Earned Ratio |
0 |
|
Assets Backing Ratio |
(38.70) |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
0 |
|
Net Profit Margin |
0 |
|
Return On Net Assets |
102.58 |
|
Return On Capital Employed |
102.58 |
|
Return On Shareholders' Funds/Equity |
102.58 |
|
Dividend Pay Out Ratio (Times) |
0 |
|
NOTES TO ACCOUNTS |
|
|
Contingent Liabilities |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.20 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
|
MYR |
1 |
INR 16.63 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.