|
|
|
%20SDN%20%20BHD%20%20-%20499505%2026-Mar-2018_files/image007.jpg){kind=small}
%20SDN%20%20BHD%20%20-%20499505%2026-Mar-2018_files/image008.jpg)
%20SDN%20%20BHD%20%20-%20499505%2026-Mar-2018_files/image010.gif)
MIRA INFORM REPORT
|
Report No. : |
499505 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
EVEREST MEDICAL
RESOURCES (M) SDN. BHD. |
|
|
|
|
Formerly Known As : |
EVEREST MEDICAL SDN BHD (06/05/2014)
|
|
|
|
|
Registered Office : |
2-9, Jalan Pm 14, Plaza Mahkota, 75000
Melaka, Melaka |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2016 |
|
|
|
|
Date of Incorporation : |
11.04.2007 |
|
|
|
|
Com. Reg. No.: |
769154-U |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of medical equipment. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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. |
: |
769154-U |
||||
|
GST NO. |
: |
000442773504 |
||||
|
COMPANY NAME |
: |
EVEREST MEDICAL RESOURCES (M) SDN. BHD. |
||||
|
FORMER NAME |
: |
EVEREST MEDICAL SDN BHD (06/05/2014) |
||||
|
INCORPORATION DATE |
: |
11/04/2007 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
2-9, JALAN PM 14, PLAZA MAHKOTA, 75000
MELAKA, MELAKA, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
NO. 155, JALAN TU 3, TAMAN TASEK UTAMA,, 75450
AIR KEROH, MELAKA, MALAYSIA. |
||||
|
TEL.NO. |
: |
06-2533048 |
||||
|
FAX.NO. |
: |
N/A |
||||
|
EMAIL |
: |
MANI@EVERESTMEDICAL.MY |
||||
|
CONTACT PERSON |
: |
THANGAMANI A/P RAMAN ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46421 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF MEDICAL EQUIPMENT |
||||
|
AUTHORISED CAPITAL |
: |
MYR 500,000.00
DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 500,000.00
DIVIDED INTO |
||||
|
SALES |
: |
MYR 187,641 [2016] |
||||
|
NET WORTH |
: |
MYR 87,653 [2016] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
POOR |
||||
|
PAYMENT |
: |
SLOW |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
HIGH |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
HISTORY / BACKGROUND
|
The Subject is a private limited company and
is allowed to have a minimum of one and a maximum of forty-nine shareholders. As
a private limited company, the Subject shall have a minimum one director. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, sue or be sued by other companies. The liabilities of the
shareholders are to the extent of the equity they have taken up and the
creditors cannot claim on shareholders' personal assets even if the Subject is
insolvent. The Subject is governed by the Companies Act, 1965 and the company
must file its annual returns, together with its financial statements with the
Registrar of Companies.
The Subject is principally engaged in the (as
a / as an) trading of medical equipment.
The Subject is not listed on Bursa Malaysia (Malaysia
Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
NO:656, 2ND FLOOR, 4TH MILE JALAN IPOH,
51200, WILAYAH PERSEKUTUAN, MALAYSIA |
15/02/2013 |
|
NO.5, JALAN MH 1, TAMAN MUZAFFAR HEIGHTS,
75450, MELAKA, MALAYSIA |
22/01/2015 |
|
NO. 3B, LEVEL 3, WISMA TAN CHENG TIONG,
75100, MELAKA, MALAYSIA |
N/A |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
20/06/2014 |
MYR 500,000.00 |
MYR 500,000.00 |
|
15/02/2013 |
MYR 500,000.00 |
MYR 350,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
PALANIAPPAN MUTHIAH + |
19-01, AMBAI TOWER, GOLDEN COAST
CONDOMINIUM, 75200 MELAKA, MELAKA, MALAYSIA. |
E4787125C |
371,000.00 |
74.20 |
|
SARASWATHI MUTHIAH + |
19-01, AMBAI TOWER, GOLDEN COAST
CONDOMINIUM, 75200 MELAKA, MELAKA, MALAYSIA. |
E6126683D |
79,000.00 |
15.80 |
|
UNNA MUTHIAH + |
19-01, AMBAI TOWER, GOLDEN COAST CONDOMINIUM,
KLEBANG BESAR, 75200 MELAKA, MELAKA, MALAYSIA. |
N7676967 |
50,000.00 |
10.00 |
|
--------------- |
------ |
|||
|
500,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
CHANASEKAR SINTHALAPADI VIJAYAN |
MALAYSIA |
Z1690454 |
20,000.00 |
N/A |
|
CHANDRASEKAR SINTHALAPADI VIJAYAN |
MALAYSIA |
Z3290004 |
20,000.00 |
N/A |
|
USHA A/P K.S. VISWANATHAN |
MALAYSIA |
570413-08-5968 |
100,000.00 |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MS. THANGAMANI A/P RAMAN |
|
Address |
: |
10, JALAN TU 22, TAMAN TASEK UTAMA, 75450
AIR KEROH, MELAKA, MALAYSIA. |
|
IC / PP No |
: |
A1296693 |
|
New IC No |
: |
690919-04-5302 |
|
Date of Birth |
: |
19/09/1969 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
15/03/2013 |
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 |
769154U |
EVEREST MEDICAL RESOURCES (M) SDN. BHD. |
Director |
15/03/2013 |
0.00 |
- |
MYR(101,566.00) |
2016 |
- |
23/02/2018 |
|
2 |
605391A |
WISDOM ENGINEERING SDN. BHD. |
Director |
13/06/2004 |
10.00 |
10.00 |
- |
- |
Disolved by Registrar |
23/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
UNNA MUTHIAH |
|
Address |
: |
19-01, AMBAI TOWER, GOLDEN COAST
CONDOMINIUM, KLEBANG BESAR, 75200 MELAKA, MELAKA, MALAYSIA. |
|
IC / PP No |
: |
N7676967 |
|
Date of Appointment |
: |
13/05/2013 |
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 |
769154U |
EVEREST MEDICAL RESOURCES (M) SDN. BHD. |
Director |
13/05/2013 |
50,000.00 |
10.00 |
MYR(101,566.00) |
2016 |
- |
23/02/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
SARASWATHI MUTHIAH |
|
Address |
: |
19-01, AMBAI TOWER, GOLDEN COAST
CONDOMINIUM, 75200 MELAKA, MELAKA, MALAYSIA. |
|
IC / PP No |
: |
E6126683D |
|
Date of Birth |
: |
26/05/1963 |
|
Date of Appointment |
: |
12/03/2013 |
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 |
769154U |
EVEREST MEDICAL RESOURCES (M) SDN. BHD. |
Director |
12/03/2013 |
79,000.00 |
15.80 |
MYR(101,566.00) |
2016 |
- |
23/02/2018 |
DIRECTOR 4
|
Name Of Subject |
: |
PALANIAPPAN MUTHIAH |
|
Address |
: |
19-01, AMBAI TOWER, GOLDEN COAST
CONDOMINIUM, 75200 MELAKA, MELAKA, MALAYSIA. |
|
IC / PP No |
: |
E4787125C |
|
Date of Birth |
: |
19/12/1962 |
|
Date of Appointment |
: |
11/04/2007 |
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 |
769154U |
EVEREST MEDICAL RESOURCES (M) SDN. BHD. |
Director |
11/04/2007 |
371,000.00 |
74.20 |
MYR(101,566.00) |
2016 |
- |
23/02/2018 |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
USHA A/P K.S. VISWANATHAN |
NO. 7, TINGKAT GROVE, TAMAN IPOH GROVE,
IPOH, PERAK, MALAYSIA |
570413-08-5968 |
11/04/2007 |
12/03/2013 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
THANGAMANI A/P RAMAN |
|
Position |
: |
DIRECTOR |
|
|
2) |
Name of Subject |
: |
UNNA MUTHIAH |
|
Position |
: |
MANAGING DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
AA ASSOCIATES |
|
Auditor' Address |
: |
NO. 6, JALAN MELAKA RAYA 35, TAMAN MELAKA
RAYA, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. TAHIRAH BINTI OSMAN |
|
New IC No |
: |
811017-71-5096 |
|
|
Address |
: |
NO. 26, JALAN BKI 8, TAMAN BUKIT KATIL
INDAH, 75450 AIR KEROH, MELAKA, MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MR. DEO BENG CHOO |
|
IC / PP No |
: |
6153706 |
|
|
New IC No |
: |
610319-04-5103 |
|
|
Address |
: |
NO. 4A, LORONG 2, JALAN SJ 1/9, TAMAN SERI
JATI, BATU BERENDAM, 75350 BATU BERENDAM, 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 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.
CRIMINAL RECORDS 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 criminal record was found in our databank.
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A
PLAINTIFF
|
* 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 plaintiff record was found in our databank.
CRIMINAL RECORDS CHECK - SUBJECT COMPANY AS A
PLAINTIFF
|
* 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 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 |
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
MEDICAL EQUIPMENT |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of medical
equipment.
The Subject mainly sells imaging medical equipments such as x-ray,scanning
equipments and others.
RECENT DEVELOPMENT
|
We have checked with the Malaysian National News Agency's (BERNAMA) database,
but no recent development was noted during the time of inspection.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
60 62533048 |
|
Current Telephone Number |
: |
06-2533048 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
NO. 155, JALAN TU 3 TAMAN TASEK UTAMA 75450
AYER KEROH MELAKA |
|
Current Address |
: |
NO. 155, JALAN TU 3, TAMAN TASEK UTAMA,, 75450
AIR KEROH, MELAKA, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
She refused to disclose the number of employees. It does not use fax facility.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(115.87%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(115.87%) |
] |
|
|
The fluctuating turnover reflects the fierce
competition among the existing and new market players.The Subject could be
more efficient in controlling its operating costs and had managed to reduce
its losses during the year. The Subject's unfavourable returns on
shareholders' funds indicate the management's inefficiency in utilising its
assets to generate returns. |
||||||
|
Liquidity |
||||||
|
Current Ratio |
: |
Acceptable |
[ |
1.01 Times |
] |
|
|
The Subject has an adequate liquidity position
with its current liabilities well covered by its current assets. With its net
current assets, the Subject should be able to repay its short term
obligations. |
||||||
|
Solvency |
||||||
|
Liability Ratio |
: |
Unfavourable |
[ |
5.90 Times |
] |
|
|
The Subject has high liabilities ratio and
it may face financial difficulties if no additional capital is injected. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's turnover showed a volatile
trend but its losses were lower when compared to the previous corresponding
period. This could suggest that the Subject was more efficient in its
operating cost control and was more competitive. 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's liabilities 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
: POOR |
||||||
|
|
||||||
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 |
|
|
46421 : Wholesale of pharmaceutical and
medical goods |
|
|
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) |
|
EVEREST MEDICAL RESOURCES (M) SDN. BHD. |
|
Financial Year End |
2016-06-30 |
2015-06-30 |
2014-06-30 |
2013-06-30 |
2012-06-30 |
|
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) |
NO |
YES |
YES |
YES |
YES |
|
Financial Type |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
187,641 |
66,098 |
878,193 |
1,815,894 |
11,331,943 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
187,641 |
66,098 |
878,193 |
1,815,894 |
11,331,943 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(101,566) |
(532,945) |
(25,165) |
(89,113) |
105,967 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(101,566) |
(532,945) |
(25,165) |
(89,113) |
105,967 |
|
Taxation |
- |
- |
- |
(790) |
(32,915) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(101,566) |
(532,945) |
(25,165) |
(89,903) |
73,052 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
(310,781) |
222,164 |
247,779 |
337,682 |
264,630 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
(310,781) |
222,164 |
247,779 |
337,682 |
264,630 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(412,347) |
(310,781) |
222,614 |
247,779 |
337,682 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(412,347) |
(310,781) |
222,614 |
247,779 |
337,682 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
EVEREST MEDICAL RESOURCES (M) SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
80,320 |
136,088 |
223,958 |
338,745 |
430,541 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
80,320 |
136,088 |
223,958 |
338,745 |
430,541 |
|
CURRENT ASSETS |
|||||
|
TOTAL CURRENT ASSETS |
524,602 |
605,496 |
1,042,553 |
950,958 |
1,672,486 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
604,922 |
741,584 |
1,266,511 |
1,289,703 |
2,103,027 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
TOTAL CURRENT LIABILITIES |
517,269 |
529,351 |
496,155 |
622,302 |
1,319,466 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
7,333 |
76,145 |
546,398 |
328,656 |
353,020 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
TOTAL LONG TERM LIABILITIES |
- |
23,014 |
48,192 |
69,622 |
95,879 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
87,653 |
189,219 |
722,164 |
597,779 |
687,682 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
500,000 |
500,000 |
500,000 |
350,000 |
350,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
500,000 |
500,000 |
500,000 |
350,000 |
350,000 |
|
RESERVES |
|||||
|
Share premium |
- |
(310,781) |
222,164 |
247,779 |
- |
|
Retained profit/(loss) carried forward |
(412,347) |
- |
- |
- |
337,682 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(412,347) |
(310,781) |
222,164 |
247,779 |
337,682 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
87,653 |
189,219 |
722,164 |
597,779 |
687,682 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL
RATIO
|
|
EVEREST MEDICAL RESOURCES (M) SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Net Liquid Assets |
7,333 |
76,145 |
546,398 |
328,656 |
353,020 |
|
Net Current Assets/(Liabilities) |
7,333 |
76,145 |
546,398 |
328,656 |
353,020 |
|
Net Tangible Assets |
87,653 |
189,219 |
722,164 |
597,779 |
687,682 |
|
Net Monetary Assets |
7,333 |
53,131 |
498,206 |
259,034 |
257,141 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Liabilities |
517,269 |
552,365 |
544,347 |
691,924 |
1,415,345 |
|
Total Assets |
604,922 |
741,584 |
1,266,511 |
1,289,703 |
2,103,027 |
|
Net Assets |
87,653 |
189,219 |
722,164 |
597,779 |
687,682 |
|
Net Assets Backing |
87,653 |
189,219 |
722,164 |
597,779 |
687,682 |
|
Shareholders' Funds |
87,653 |
189,219 |
722,164 |
597,779 |
687,682 |
|
Total Share Capital |
500,000 |
500,000 |
500,000 |
350,000 |
350,000 |
|
Total Reserves |
(412,347) |
(310,781) |
222,164 |
247,779 |
337,682 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
183.88 |
(92.47) |
(51.64) |
(83.98) |
6.42 |
|
Proft/(Loss) Before Tax |
80.94 |
(2,017.80) |
71.76 |
(184.10) |
19.39 |
|
Proft/(Loss) After Tax |
80.94 |
(2,017.80) |
72.01 |
(223.07) |
14.41 |
|
Total Assets |
(18.43) |
(41.45) |
(1.80) |
(38.67) |
(16.86) |
|
Total Liabilities |
(6.35) |
1.47 |
(21.33) |
(51.11) |
(26.09) |
|
LIQUIDITY (Times) |
|||||
|
Current Ratio |
1.01 |
1.14 |
2.10 |
1.53 |
1.27 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Liabilities Ratio |
5.90 |
2.92 |
0.75 |
1.16 |
2.06 |
|
Assets Backing Ratio |
0.18 |
0.38 |
1.44 |
1.71 |
1.96 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
(54.13) |
(806.30) |
(2.87) |
(4.91) |
0.94 |
|
Net Profit Margin |
(54.13) |
(806.30) |
(2.87) |
(4.95) |
0.64 |
|
Return On Net Assets |
(115.87) |
(281.66) |
(3.48) |
(14.91) |
15.41 |
|
Return On Capital Employed |
(115.87) |
(251.11) |
(3.27) |
(13.35) |
13.52 |
|
Return On Shareholders' Funds/Equity |
(115.87) |
(281.66) |
(3.48) |
(15.04) |
10.62 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.13 |
|
|
1 |
INR 91.95 |
|
Euro |
1 |
INR 80.34 |
|
MYR |
1 |
INR 16.60 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
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.