|
|
|
MIRA
INFORM REPORT
|
Report No. : |
498697 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
RONDO METAL
PRODUCTS SDN. BHD. |
|
|
|
|
Registered Office : |
Unit 07-02, Level 7, Persoft Tower, 6B,
Persiaran Tropicana, 47410 Petaling Jaya, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2017 |
|
|
|
|
Date of Incorporation : |
01.06.2004 |
|
|
|
|
Com. Reg. No.: |
654500-M |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
manufacture of roll formed light gauge steel profiles for the construction
industry, suspended ceiling system, steel stud drywall partition systems,
building boards and others. |
|
|
|
|
No. of Employees : |
40 [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. |
: |
654500-M |
||||
|
GST NO. |
: |
001794605056 |
||||
|
COMPANY NAME |
: |
RONDO METAL PRODUCTS SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
01/06/2004 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
UNIT 07-02, LEVEL 7, PERSOFT TOWER, 6B,
PERSIARAN TROPICANA, 47410 PETALING JAYA, SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 606, OFF JALAN SS 13/1K, 47500 SUBANG
JAYA, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-56360710 |
||||
|
FAX.NO. |
: |
03-56360711 |
||||
|
CONTACT PERSON |
: |
PETER ANTHONY BRADLEY ( MANAGING DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
25111 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURE OF ROLL FORMED LIGHT GAUGE
STEEL PROFILES FOR THE CONSTRUCTION INDUSTRY, SUSPENDED CEILING SYSTEM, STEEL
STUD DRYWALL PARTITION SYSTEMS, BUILDING BOARDS AND OTHERS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 32,827,442 [2017] |
||||
|
NET WORTH |
: |
MYR 37,455,177 [2017] |
||||
|
STAFF STRENGTH |
: |
40 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
REGULAR |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
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) manufacture of roll formed light gauge steel profiles for the
construction industry, suspended ceiling system, steel stud drywall partition
systems, building boards and others.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
The immediate and ultimate holding company of
the Subject is RONDO BUILDING SERVICES PTY LTD, a company incorporated in
AUSTRALIA.
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
23/06/2006 |
MYR 5,000,000.00 |
MYR 5,000,000.00 |
|
22/07/2004 |
MYR 5,000,000.00 |
MYR 1,459,000.00 |
|
01/06/2004 |
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 |
(%) |
|
RONDO BUILDING SERVICES PTY LTD |
57-87, LOCKWOOD ROAD, ERSKINE PARK, NEW
SOUTH WALES 2759 ,AUSTRALIA |
000289207X |
5,000,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
5,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
WILLIAM ROSS BATSTONE |
N/A |
L5424579 |
N/A |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
GREGORY LESTER THOMAS |
|
Address |
: |
4, GIDGI CLOSE, WESTLAKE, QUEENSLAND, 4077,
AUSTRALIA. |
|
IC / PP No |
: |
N8682498 |
|
Date of Appointment |
: |
27/09/2013 |
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 |
654500M |
RONDO METAL PRODUCTS SDN. BHD. |
Director |
27/09/2013 |
0.00 |
- |
MYR10,582,518.00 |
2017 |
- |
23/02/2018 |
|
2 |
1164926H |
RONDO METAL SYSTEMS SDN. BHD. |
Director |
27/03/2017 |
0.00 |
- |
MYR1,230,443.00 |
2017 |
- |
23/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
TONY DAVID CHARNOCK |
|
Address |
: |
35, DARLEY STREET, NEUTRAL BAY, NSW,
AUSTRALIA. |
|
IC / PP No |
: |
N1714244 |
|
Date of Appointment |
: |
30/12/2010 |
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 |
654500M |
RONDO METAL PRODUCTS SDN. BHD. |
Director |
30/12/2010 |
0.00 |
- |
MYR10,582,518.00 |
2017 |
- |
23/02/2018 |
|
2 |
1164926H |
RONDO METAL SYSTEMS SDN. BHD. |
Director |
27/03/2017 |
0.00 |
- |
MYR1,230,443.00 |
2017 |
- |
23/02/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
TAN SRI DATO' PUVANENAN A/L M. NANNITHAMBY |
|
Address |
: |
33, JALAN SS19/4E, SUBANG JAYA, 47500
SUBANG JAYA, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
8161844 |
|
New IC No |
: |
540525-10-5807 |
|
Date of Birth |
: |
25/05/1954 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/06/2004 |
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 |
81963U |
CEGAPI FOUNTAIN (M) SDN. BHD. |
Director |
04/03/1982 |
1.00 |
50.00 |
MYR(100,304.00) |
2015 |
- |
23/02/2018 |
|
2 |
406218X |
FORTUNE PROJECT SDN. BHD. |
Director |
08/03/2006 |
3.00 |
30.00 |
MYR(2,651.00) |
2012 |
In the process of striking off |
23/02/2018 |
|
3 |
639354X |
GAYA KOMUNIKASI SDN. BHD. |
Director |
01/03/2004 |
38,500.00 |
38.50 |
MYR(48,707.00) |
2016 |
- |
23/02/2018 |
|
4 |
1107433H |
GRANDLAND RESOURCES SDN. BHD. |
Director |
14/09/2016 |
1.00 |
50.00 |
MYR(2,394.00) |
2016 |
- |
23/02/2018 |
|
5 |
540802D |
HOT MEDIA DIGITAL SDN. BHD. |
Director |
01/03/2001 |
1.00 |
50.00 |
MYR(1,568.00) |
2017 |
- |
23/02/2018 |
|
6 |
648127A |
HOT MEDIA SDN. BHD. |
Director |
29/07/2004 |
55,000.00 |
22.00 |
MYR230,779.00 |
2016 |
- |
23/02/2018 |
|
7 |
748615D |
JUMBO ASPEN SDN. BHD. |
Director |
07/12/2006 |
1.00 |
50.00 |
MYR(27,054.00) |
2017 |
- |
23/02/2018 |
|
8 |
758307M |
LIFEAIR PRODUCTS (M) SDN. BHD. |
Director |
23/03/2010 |
1.00 |
50.00 |
MYR(2,089.00) |
2017 |
- |
23/02/2018 |
|
9 |
718409X |
LNP HOLDINGS SDN. BHD. |
Director |
29/01/2011 |
0.00 |
- |
MYR(3,804.00) |
2016 |
- |
23/02/2018 |
|
10 |
145010H |
MEDIA HOTEL SDN. BHD. |
Director |
24/12/1992 |
100,000.00 |
50.00 |
MYR(102,075.00) |
2016 |
- |
23/02/2018 |
|
11 |
469000W |
MEDIA PARTY PLANNERS SDN. BHD. |
Director |
11/10/2000 |
3,000.00 |
1.15 |
MYR(2,007.00) |
2016 |
- |
23/02/2018 |
|
12 |
47351P |
MEDIA RESTAURANT & CATERING SDN. BHD. |
Director |
- |
167,000.00 |
83.50 |
MYR(20,879.00) |
2016 |
- |
23/02/2018 |
|
13 |
162148X |
PAR CON CORPORATION SDN.BHD. |
Director |
13/09/1993 |
450,000.00 |
15.00 |
MYR(2,047.00) |
2016 |
- |
23/02/2018 |
|
14 |
279106D |
PAR CON HOLDINGS (MALAYSIA) SDN. BHD. |
Director |
21/10/1993 |
56,925,000.00 |
56.93 |
MYR(47,143.00) |
2017 |
- |
23/02/2018 |
|
15 |
165063H |
PAR CON SYSTEMS TECHNOLOGY (MALAYSIA) SDN.
BHD. |
Director |
01/06/1995 |
0.00 |
- |
MYR883,698.00 |
2016 |
- |
23/02/2018 |
|
16 |
370799H |
PAR CON WALL SYSTEMS (MALAYSIA) SDN. BHD. |
Director |
15/12/1995 |
1.00 |
0.00002 |
MYR(1,728.00) |
2017 |
- |
23/02/2018 |
|
17 |
1055916H |
PAYWAVE (MALAYSIA) SDN. BHD. |
Director |
25/07/2013 |
50,000.00 |
50.00 |
MYR(2,743.00) |
2016 |
- |
23/02/2018 |
|
18 |
1045437X |
PGZ MALAYSIA SDN. BHD. |
Director |
23/07/2015 |
250,000.00 |
25.00 |
MYR(181,541.00) |
2016 |
- |
23/02/2018 |
|
19 |
858370V |
PINK MOTION SDN. BHD. |
Shareholder |
- |
1.00 |
50.00 |
- |
2015 |
- |
23/02/2018 |
|
20 |
654500M |
RONDO METAL PRODUCTS SDN. BHD. |
Director |
01/06/2004 |
0.00 |
- |
MYR10,582,518.00 |
2017 |
- |
23/02/2018 |
|
21 |
1164926H |
RONDO METAL SYSTEMS SDN. BHD. |
Director |
05/11/2015 |
0.00 |
- |
MYR1,230,443.00 |
2017 |
- |
23/02/2018 |
|
22 |
1145677M |
SERATA ARMADA SDN. BHD. |
Director |
19/04/2017 |
0.00 |
- |
MYR(108,693.00) |
2017 |
- |
23/02/2018 |
|
23 |
858426T |
TAV SOLUTIONS SDN. BHD. |
Director |
26/05/2009 |
125,000.00 |
50.00 |
MYR(1,712.00) |
2017 |
- |
23/02/2018 |
|
24 |
469324U |
TEMASEK ALAM SDN. BHD. |
Director |
07/10/1998 |
50,000.00 |
50.00 |
MYR(64,008.00) |
2016 |
- |
23/02/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
13003V |
AMPANG HEIGHTS HOLDINGS SDN. BHD. |
Director |
28/02/2001 |
19/10/2012 |
- |
- |
|
2 |
757596X |
ASPIRATION ACHIEVERS NETWORK SDN. BHD. |
Shareholder |
- |
- |
399998.00 |
- |
|
3 |
143825T |
CEMEX AGGREGATES (M) SDN. BHD. |
Director |
28/02/2001 |
24/05/2016 |
- |
- |
|
4 |
175021V |
CEMIX CONCRETE (M) SDN. BHD. |
Director |
04/09/1995 |
24/05/2016 |
- |
- |
|
5 |
225406M |
CMAPX AGGREGATES SDN. BHD. |
Director |
28/02/2001 |
24/05/2016 |
- |
- |
|
6 |
474717U |
IDEAREKA BEKAL SDN. BHD. |
Director |
25/02/2000 |
14/08/2003 |
- |
- |
|
7 |
733775A |
MONO CHEM SDN. BHD. |
Director |
19/05/2006 |
07/05/2007 |
- |
- |
|
8 |
513098P |
ORIGINAL BOOTCAMP SDN. BHD. |
Director |
02/05/2000 |
03/09/2001 |
- |
- |
|
9 |
858370V |
PINK MOTION SDN. BHD. |
Director |
26/05/2009 |
18/03/2010 |
- |
- |
|
10 |
000533648W |
SYARIKAT SRI MURUGAN |
SOLE PROPRIETORSHIP |
18/06/2004 |
23/11/2007 |
- |
- |
|
11 |
12730A |
TIMOR BARAT BATU SDN. BHD. |
Director |
28/02/2001 |
29/09/2012 |
- |
- |
|
12 |
147816U |
USG BORAL SDN. BHD. |
Director |
08/09/1995 |
17/05/2012 |
- |
- |
DIRECTOR 4
|
Name Of Subject |
: |
PUAN SRI DATIN MANJIT KAUR A/P SURAIN SINGH |
|
Address |
: |
33, JALAN SS 19/4E, SUBANG JAYA, 47500
SUBANG JAYA, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
8202760 |
|
New IC No |
: |
560508-08-6104 |
|
Date of Birth |
: |
08/05/1956 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/06/2004 |
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 |
81963U |
CEGAPI FOUNTAIN (M) SDN. BHD. |
Director |
19/09/2001 |
1.00 |
50.00 |
MYR(100,304.00) |
2015 |
- |
23/02/2018 |
|
2 |
406218X |
FORTUNE PROJECT SDN. BHD. |
Director |
08/03/2006 |
3.00 |
30.00 |
MYR(2,651.00) |
2012 |
In the process of striking off |
23/02/2018 |
|
3 |
639354X |
GAYA KOMUNIKASI SDN. BHD. |
Director |
01/03/2004 |
0.00 |
- |
MYR(48,707.00) |
2016 |
- |
23/02/2018 |
|
4 |
648127A |
HOT MEDIA SDN. BHD. |
Director |
29/07/2004 |
22,500.00 |
9.00 |
MYR230,779.00 |
2016 |
- |
23/02/2018 |
|
5 |
748615D |
JUMBO ASPEN SDN. BHD. |
Shareholder |
- |
1.00 |
50.00 |
MYR(27,054.00) |
2017 |
- |
23/02/2018 |
|
6 |
661786H |
JUMBO MEDIA SDN. BHD. |
Director |
16/02/2012 |
0.00 |
- |
MYR(2,445.00) |
2016 |
- |
23/02/2018 |
|
7 |
758307M |
LIFEAIR PRODUCTS (M) SDN. BHD. |
Director |
23/03/2010 |
1.00 |
50.00 |
MYR(2,089.00) |
2017 |
- |
23/02/2018 |
|
8 |
718409X |
LNP HOLDINGS SDN. BHD. |
Director |
14/12/2017 |
0.00 |
- |
MYR(3,804.00) |
2016 |
- |
23/02/2018 |
|
9 |
145010H |
MEDIA HOTEL SDN. BHD. |
Director |
24/12/1992 |
100,000.00 |
50.00 |
MYR(102,075.00) |
2016 |
- |
23/02/2018 |
|
10 |
469000W |
MEDIA PARTY PLANNERS SDN. BHD. |
Director |
22/01/2010 |
0.00 |
- |
MYR(2,007.00) |
2016 |
- |
23/02/2018 |
|
11 |
47351P |
MEDIA RESTAURANT & CATERING SDN. BHD. |
Shareholder |
- |
33,000.00 |
16.50 |
MYR(20,879.00) |
2016 |
- |
23/02/2018 |
|
12 |
620504V |
MIKRO GRAFIK SDN. BHD. |
Director |
16/02/2012 |
9,500.00 |
95.00 |
MYR(18,313.00) |
2016 |
- |
23/02/2018 |
|
13 |
279106D |
PAR CON HOLDINGS (MALAYSIA) SDN. BHD. |
Director |
31/05/2002 |
43,075,000.00 |
43.08 |
MYR(47,143.00) |
2017 |
- |
23/02/2018 |
|
14 |
165063H |
PAR CON SYSTEMS TECHNOLOGY (MALAYSIA) SDN.
BHD. |
Director |
24/05/2002 |
0.00 |
- |
MYR883,698.00 |
2016 |
- |
23/02/2018 |
|
15 |
370799H |
PAR CON WALL SYSTEMS (MALAYSIA) SDN. BHD. |
Director |
24/05/2002 |
0.00 |
- |
MYR(1,728.00) |
2017 |
- |
23/02/2018 |
|
16 |
858370V |
PINK MOTION SDN. BHD. |
Shareholder |
- |
1.00 |
50.00 |
- |
2015 |
- |
23/02/2018 |
|
17 |
654500M |
RONDO METAL PRODUCTS SDN. BHD. |
Director |
01/06/2004 |
0.00 |
- |
MYR10,582,518.00 |
2017 |
- |
23/02/2018 |
|
18 |
858426T |
TAV SOLUTIONS SDN. BHD. |
Director |
26/05/2009 |
125,000.00 |
50.00 |
MYR(1,712.00) |
2017 |
- |
23/02/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
474717U |
IDEAREKA BEKAL SDN. BHD. |
Director |
25/02/2000 |
14/08/2003 |
- |
- |
|
2 |
513098P |
ORIGINAL BOOTCAMP SDN. BHD. |
Director |
02/05/2000 |
03/09/2001 |
- |
- |
|
3 |
162148X |
PAR CON CORPORATION SDN.BHD. |
Director |
23/09/2011 |
14/03/2012 |
- |
- |
|
4 |
858370V |
PINK MOTION SDN. BHD. |
Director |
26/05/2009 |
18/03/2010 |
- |
- |
|
5 |
469324U |
TEMASEK ALAM SDN. BHD. |
Director |
27/02/2002 |
23/11/2015 |
- |
- |
|
6 |
469324U |
TEMASEK ALAM SDN. BHD. |
Shareholder |
- |
- |
10000.00 |
- |
DIRECTOR 5
|
Name Of Subject |
: |
ANDREA GABRIELLE PIDCOCK |
|
Address |
: |
73, RIVERVIEW ROAD, EARLWOOD, NSW 2206,
AUSTRALIA. |
|
IC / PP No |
: |
PA3260508 |
|
Date of Birth |
: |
30/05/1966 |
|
Nationality |
: |
AUSTRALIAN |
|
Date of Appointment |
: |
27/03/2017 |
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 |
654500M |
RONDO METAL PRODUCTS SDN. BHD. |
Director |
27/03/2017 |
0.00 |
- |
MYR10,582,518.00 |
2017 |
- |
23/02/2018 |
|
2 |
1164926H |
RONDO METAL SYSTEMS SDN. BHD. |
Director |
27/03/2017 |
0.00 |
- |
MYR1,230,443.00 |
2017 |
- |
23/02/2018 |
DIRECTOR 6
|
Name Of Subject |
: |
PETER ANTHONY BRADLEY |
|
Address |
: |
UNIT 6-01, RHOMBUS APARTMENT, 24, JALAN
PENAGA, BANGSAR, 59100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
N6642546 |
|
Date of Appointment |
: |
03/08/2015 |
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 |
654500M |
RONDO METAL PRODUCTS SDN. BHD. |
Director |
03/08/2015 |
0.00 |
- |
MYR10,582,518.00 |
2017 |
- |
23/02/2018 |
|
2 |
1164926H |
RONDO METAL SYSTEMS SDN. BHD. |
Director |
05/11/2015 |
0.00 |
- |
MYR1,230,443.00 |
2017 |
- |
23/02/2018 |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
IAN ARTHUR HARDIMAN |
22 ROSA STREET, OATLEY, NSW, AUSTRALIA |
N2686540 |
30/12/2010 |
08/11/2016 |
|
SOH CHIN TECK |
1, JALAN 31/69B, KOTA KEMUNING, KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
580113-10-5225 |
05/08/2005 |
19/10/2010 |
|
ONG WEE CHOON, DAVIS |
NO. 37, JURONG EAST AVE 1, #12-06 SINGAPORE
609775 |
S1239745C |
05/08/2005 |
19/10/2010 |
|
JOHN WILLEM WINTRAAKEN |
50 BRINDABELLA PLACE, COOMERA 4209,
QUEENSLAND AUSTRALIA |
L9275870 |
26/01/2005 |
27/09/2013 |
|
PHILLIP JOHN HARVEY |
11 FREYCINET CLOSE, DURAL NSW 2158,
AUSTRALIA |
E3016087 |
01/11/2012 |
03/08/2015 |
|
WILLIAM ROSS BATSTONE |
30,THE GROVE MOSMAN, NSW 2088, AUSTRALIA |
L5424579 |
01/06/2004 |
19/10/2010 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
PETER ANTHONY BRADLEY |
|
Position |
: |
MANAGING DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
KPMG PLT (LLP0010081-LCA) |
|
Auditor' Address |
: |
LEVEL 10, KPMG TOWER, 8, FIRST AVENUE,
BANDAR UTAMA, 47800 PETALING JAYA, SELANGOR, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MR. NG YIM KONG |
|
IC / PP No |
: |
0611897 |
|
|
New IC No |
: |
490424-08-5883 |
|
|
Address |
: |
97, JALAN USJ 2/4R, UEP SUBANG JAYA, 47600
SUBANG JAYA, SELANGOR, 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 |
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 |
Percentage |
: |
15% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
Percentage |
: |
85% |
|
Export Market |
: |
MIDDLE EAST |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
CONSTRUCTION
INDUSTRY,CONTRACTOR |
|||
OPERATIONS
|
|
Products manufactured |
: |
|
|
|
Ownership of premises |
: |
LEASED/RENTED |
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
2015 |
2014 |
||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
40 |
35 |
35 |
35 |
35 |
||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacture of roll
formed light gauge steel profiles for the construction industry, suspended
ceiling system, steel stud drywall partition systems, building boards and
others.
The Subject's products range includes suspended ceiling system, steel stud
drywall partition systems, building boards, render finishing sections and
others.
Besides that the Subject also supplies the components of Plasterboard/Fibre
Cement Flush Ceiling Systems, Residential Ceiling Batten Systems, and Masonry
Wall Systems.
The Subject utilizes advanced automated and semi-automated machineries to
ensure production of high quality products.
The Subject is the leading manufacturer of suspended ceiling system.
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 |
: |
03-56360710 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
LOT 606, OFF JALAN SS 13/1K, SUBANG JAYA
SELANGOR |
|
Current Address |
: |
LOT 606, OFF JALAN SS 13/1K, 47500 SUBANG
JAYA, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
The address provided is incomplete.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
2013 - 2017 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2013 - 2017 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
28.25% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
33.81% |
] |
|
|
The continuous fall in turnover could be
due to the lower demand for the Subject's products / services.The dip in
profit could be due to the stiff market competition which reduced the
Subject's profit margin. The Subject's management had generated acceptable
return for its shareholders using its assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Unfavourable |
[ |
115 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
83 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
96 Days |
] |
|
|
The Subject could be incurring higher
holding cost. As its capital was tied up in stocks, it could face liquidity
problems. The high debtors' ratio could indicate that the Subject was weak in
its credit control. However, the Subject could also giving longer credit
periods to its customers in order to boost its sales or to capture / retain
its market share. The unfavourable creditors' ratio could be due to the
Subject taking advantage of the credit granted by its suppliers. However this
may affect the goodwill between the Subject and its suppliers and the Subject
may inadvertently have to pay more for its future supplies. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
2.95 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
3.85 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 |
: |
Favourable |
[ |
1,038.95 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The interest cover showed that the Subject
was able to service the interest. The favourable interest cover could
indicate that the Subject was making enough profit to pay for the interest
accrued. The Subject had no gearing and hence it had virtually no financial
risk. The Subject was financed by its shareholders' funds and internally
generated fund. During the economic downturn, the Subject, having a zero
gearing, will be able to compete better than those which are highly geared in
the same industry. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's performance deteriorated over
the years with lower turnover and profit. The Subject was in good liquidity
position with its total current liabilities well covered by its total current
assets. With its current net assets, the Subject should be able to repay its
short term obligations. With the favourable interest cover, the Subject could
be able to service all the accrued interest without facing any difficulties.
The Subject was a zero gearing company, it was solely dependant on its
shareholders to provide funds to finance its business. The Subject has good
chance of getting loans, if the needs arises. |
||||||
|
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 |
|
|
25111 : Manufacture of industrial
frameworks in metal |
|
|
INDUSTRY : |
MANUFACTURING |
|
The manufacturing sector is forecast to
increase 5.3% in year 2018 (2017: 5.5%). Output of export-oriented industries
is projected to expand on account of sustained demand for E&E, refined
petroleum and woods products. Growth in the domestic-oriented industries is
anticipated to remain resilient supported by ongoing construction of
infrastructure projects as well as strong demand for consumer products,
especially food and transport equipment. |
|
|
Value added of the manufacturing sector
expanded further by 5.8% during the first half of 2017 (January – June 2016:
4.4%) with expansion across a wide range of outputs in both the export- and
domestic-oriented industries. During the first eight months, production
increased 6.4%, while sales rebounded significantly by 15.6% to RM500.2
billion (January – August 2016: 4%; -0.7%; RM432.8 billion). Output of
export-oriented industries rose 6.5% (January – August 2016: 4.3%) led by an
upturn in global electronics cycle and further enhanced by strong demand for
resource-based products. Meanwhile, domestic-oriented industries expanded 6.2%
(January – August 2016: 3.4%) benefiting from vibrant consumption and
construction activities. |
|
|
Within the export-oriented industries,
E&E output expanded 9.3% while sales surged 16.3% to RM169.5 billion
(January – August 2016: 6.8%; 9%; RM145.8 billion). Growth emanated mainly
from the expansion in output of printed circuit boards, semiconductor devices
and electronic integrated circuits which strengthened further by 24.4%, 11.9%
and 16.9% (January – August 2016: 11.9%; 5.9%; 15%), respectively. This is in
line with the trend in global semiconductor sales which is expected to expand
11.5% in 2017, the highest level since 2010. On the contrary, the output of
computers and peripheral equipment contracted 7.7% (January – August 2016:
3.1%) as a result of lower demand for notebooks and personal computers
following rising preferences for smartphones and tablets. Meanwhile, consumer
electronics grew at a moderate pace of 2.6% (January – August 2016: 5.3%)
partly due to lower demand for in-car entertainment, portable media players
and digital cameras. |
|
|
Output of wood and wood products grew 7.3%
(January – August 2016: 7.8%). The growth was primarily supported by output
of sawmilling and planning of wood which expanded 14.7% (January – August
2016: 16.8%) in response to strong demand from Australia, Japan and the US.
Meanwhile, production of wooden and cane furniture remained steady at 10.9%
(January – August 2016: 10.9%), benefiting from greater adoption of
technology and diversification of export markets. |
|
|
Manufacture of food products rose 11.2%,
largely attributed to a significant increase in refined palm oil at 26.1%
(January – August 2016: 6.3%; -3.3%), following higher production of CPO.
Meanwhile, output of other food products grew 7% supported by production of
bread, cakes and other bakery (15.6%) as well as biscuits and cookies (12%)
to meet the rising demand from households (January – August 2016: 11.1%;
19.2%; 19.1%). |
|
|
For the year, the manufacturing sector is
projected to expand further by 5.5% (2016: 4.4%) mainly attributed to an
upturn in global semiconductor sales as well as higher demand for consumer
products and construction materials. |
|
|
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) |
|
RONDO METAL PRODUCTS SDN. BHD. |
|
Financial Year End |
2017-06-30 |
2016-06-30 |
2015-06-30 |
2014-06-30 |
2013-06-30 |
|
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 |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
32,827,442 |
83,697,157 |
115,565,719 |
31,325,837 |
33,550,622 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
32,827,442 |
83,697,157 |
115,565,719 |
31,325,837 |
33,550,622 |
|
Costs of Goods Sold |
(17,097,568) |
(55,613,239) |
(81,111,250) |
(20,219,451) |
(21,907,323) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
15,729,874 |
28,083,918 |
34,454,469 |
11,106,386 |
11,643,299 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
12,652,611 |
16,356,308 |
25,731,417 |
5,592,099 |
4,504,446 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
12,652,611 |
16,356,308 |
25,731,417 |
5,592,099 |
4,504,446 |
|
Taxation |
(2,070,093) |
(3,141,897) |
(6,102,235) |
(961,969) |
(1,008,844) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
10,582,518 |
13,214,411 |
19,629,182 |
4,630,130 |
3,495,602 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
33,922,307 |
33,059,568 |
16,900,386 |
14,890,256 |
13,374,654 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
33,922,307 |
33,059,568 |
16,900,386 |
14,890,256 |
13,374,654 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
44,504,825 |
46,273,979 |
36,529,568 |
19,520,386 |
16,870,256 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(12,049,648) |
(12,351,672) |
(3,470,000) |
(2,620,000) |
(1,980,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
32,455,177 |
33,922,307 |
33,059,568 |
16,900,386 |
14,890,256 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Others |
12,190 |
74,611 |
78,972 |
12,651 |
9,986 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
12,190 |
74,611 |
78,972 |
12,651 |
9,986 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
678,719 |
586,543 |
538,344 |
518,603 |
413,105 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
678,719 |
586,543 |
538,344 |
518,603 |
413,105 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
RONDO METAL PRODUCTS SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
5,318,570 |
3,107,395 |
2,691,711 |
3,140,995 |
3,106,574 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
5,318,570 |
3,107,395 |
2,691,711 |
3,140,995 |
3,106,574 |
|
CURRENT ASSETS |
|||||
|
Stocks |
10,299,486 |
10,760,988 |
14,484,649 |
8,741,910 |
6,339,781 |
|
Trade debtors |
7,456,250 |
11,382,191 |
39,698,081 |
3,304,551 |
5,475,536 |
|
Other debtors, deposits & prepayments |
1,664,861 |
1,378,027 |
890,131 |
1,455,669 |
546,704 |
|
Short term deposits |
- |
3,529,536 |
714,134 |
1,282,038 |
1,250,198 |
|
Amount due from holding company |
856,846 |
645,264 |
304,438 |
452,033 |
168,547 |
|
Amount due from related companies |
12,191,360 |
13,447,622 |
708,909 |
4,265,411 |
3,660,971 |
|
Cash & bank balances |
10,402,532 |
5,979,293 |
3,643,762 |
5,298,434 |
3,704,840 |
|
Others |
1,260,818 |
410,307 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
44,132,153 |
47,533,228 |
60,444,104 |
24,800,046 |
21,146,577 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
49,450,723 |
50,640,623 |
63,135,815 |
27,941,041 |
24,253,151 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
4,507,382 |
4,029,423 |
10,475,854 |
3,714,179 |
2,282,164 |
|
Other creditors & accruals |
5,657,240 |
6,935,295 |
11,148,448 |
1,444,619 |
1,241,971 |
|
Amounts owing to holding company |
74,890 |
62,405 |
- |
262,116 |
147,444 |
|
Amounts owing to related companies |
1,226,655 |
202,418 |
11,593 |
223,788 |
58,631 |
|
Provision for taxation |
- |
- |
2,713,549 |
150,209 |
264,744 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
11,466,167 |
11,229,541 |
24,349,444 |
5,794,911 |
3,994,954 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
32,665,986 |
36,303,687 |
36,094,660 |
19,005,135 |
17,151,623 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Deferred taxation |
529,379 |
488,775 |
726,803 |
245,744 |
367,941 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
529,379 |
488,775 |
726,803 |
245,744 |
367,941 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
37,455,177 |
38,922,307 |
38,059,568 |
21,900,386 |
19,890,256 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
|
RESERVES |
|||||
|
Retained profit/(loss) carried forward |
32,455,177 |
33,922,307 |
33,059,568 |
16,900,386 |
14,890,256 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
32,455,177 |
33,922,307 |
33,059,568 |
16,900,386 |
14,890,256 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
37,455,177 |
38,922,307 |
38,059,568 |
21,900,386 |
19,890,256 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
RONDO METAL PRODUCTS SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
10,402,532 |
9,508,829 |
4,357,896 |
6,580,472 |
4,955,038 |
|
Net Liquid Funds |
10,402,532 |
9,508,829 |
4,357,896 |
6,580,472 |
4,955,038 |
|
Net Liquid Assets |
22,366,500 |
25,542,699 |
21,610,011 |
10,263,225 |
10,811,842 |
|
Net Current Assets/(Liabilities) |
32,665,986 |
36,303,687 |
36,094,660 |
19,005,135 |
17,151,623 |
|
Net Tangible Assets |
37,455,177 |
38,922,307 |
38,059,568 |
21,900,386 |
19,890,256 |
|
Net Monetary Assets |
21,837,121 |
25,053,924 |
20,883,208 |
10,017,481 |
10,443,901 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
12,664,801 |
16,430,919 |
25,810,389 |
5,604,750 |
4,514,432 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
13,343,520 |
17,017,462 |
26,348,733 |
6,123,353 |
4,927,537 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
0 |
0 |
0 |
0 |
0 |
|
Total Liabilities |
11,995,546 |
11,718,316 |
25,076,247 |
6,040,655 |
4,362,895 |
|
Total Assets |
49,450,723 |
50,640,623 |
63,135,815 |
27,941,041 |
24,253,151 |
|
Net Assets |
37,455,177 |
38,922,307 |
38,059,568 |
21,900,386 |
19,890,256 |
|
Net Assets Backing |
37,455,177 |
38,922,307 |
38,059,568 |
21,900,386 |
19,890,256 |
|
Shareholders' Funds |
37,455,177 |
38,922,307 |
38,059,568 |
21,900,386 |
19,890,256 |
|
Total Share Capital |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
|
Total Reserves |
32,455,177 |
33,922,307 |
33,059,568 |
16,900,386 |
14,890,256 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(60.78) |
(27.58) |
268.92 |
(6.63) |
14.58 |
|
Proft/(Loss) Before Tax |
(22.64) |
(36.43) |
360.14 |
24.15 |
34.32 |
|
Proft/(Loss) After Tax |
(19.92) |
(32.68) |
323.94 |
32.46 |
37.02 |
|
Total Assets |
(2.35) |
(19.79) |
125.96 |
15.21 |
(1.41) |
|
Total Liabilities |
2.37 |
(53.27) |
315.12 |
38.46 |
(29.93) |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.91 |
0.85 |
0.18 |
1.14 |
1.24 |
|
Liquid Ratio |
2.95 |
3.27 |
1.89 |
2.77 |
3.71 |
|
Current Ratio |
3.85 |
4.23 |
2.48 |
4.28 |
5.29 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
115 |
47 |
46 |
102 |
69 |
|
Debtors Ratio |
83 |
50 |
125 |
39 |
60 |
|
Creditors Ratio |
96 |
26 |
47 |
67 |
38 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0 |
0 |
0 |
0 |
0 |
|
Liabilities Ratio |
0.32 |
0.30 |
0.66 |
0.28 |
0.22 |
|
Times Interest Earned Ratio |
1,038.95 |
220.22 |
326.83 |
443.03 |
452.08 |
|
Assets Backing Ratio |
7.49 |
7.78 |
7.61 |
4.38 |
3.98 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
38.54 |
19.54 |
22.27 |
17.85 |
13.43 |
|
Net Profit Margin |
32.24 |
15.79 |
16.99 |
14.78 |
10.42 |
|
Return On Net Assets |
33.81 |
42.21 |
67.82 |
25.59 |
22.70 |
|
Return On Capital Employed |
33.34 |
41.69 |
66.54 |
25.31 |
22.28 |
|
Return On Shareholders' Funds/Equity |
28.25 |
33.95 |
51.57 |
21.14 |
17.57 |
|
Dividend Pay Out Ratio (Times) |
1.14 |
0.93 |
0.18 |
0.57 |
0.57 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
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
: |
NIS |
|
|
|
|
Report Prepared
by : |
TPT |
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.