|
|
|
MIRA INFORM REPORT
|
Report No. : |
500049 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TGI ASIA SDN. BHD. |
|
|
|
|
Formerly Known As : |
TECHNO GRAPHICS & INNOVATIONS SDN. BHD. |
|
|
|
|
Registered Office : |
280a, Jalan Bandar 11, Pusat Bandar Melawati, 53100 Kuala Lumpur,
Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2017 |
|
|
|
|
Date of Incorporation : |
27.11.2002 |
|
|
|
|
Com. Reg. No.: |
599967-H |
|
|
|
|
Legal Form : |
Private Limited (Limited by Share) |
|
|
|
|
Line of Business : |
Subject is principally engaged in the trading of
spices. |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, an upper middle-income country, has transformed itself since the 1970s from a producer of raw materials into a multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move further up the value-added production chain by attracting investments in high technology, knowledge-based industries and services. NAJIB's Economic Transformation Program is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. Malaysia is vulnerable to a fall in world commodity prices or a general slowdown in global economic activity.
The NAJIB administration is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Domestic demand continues to anchor economic growth, supported mainly by private consumption, which accounts for 53% of GDP. Nevertheless, exports - particularly of electronics, oil and gas, and palm oil - remain a significant driver of the economy. In 2015, gross exports of goods and services were equivalent to 73% of GDP. The oil and gas sector supplied about 22% of government revenue in 2015, down significantly from prior years amid a decline in commodity prices and diversification of government revenues. Malaysia has embarked on a fiscal reform program aimed at achieving a balanced budget by 2020, including rationalization of subsidies and the 2015 introduction of a 6% value added tax. Sustained low commodity prices throughout the period not only strained government finances, but also shrunk Malaysia’s current account surplus and weighed heavily on the Malaysian ringgit, which was among the region’s worst performing currencies during 2013-17. The ringgit hit new lows following the US presidential election amid a broader selloff of emerging market assets.
Bank Negara Malaysia (the central bank) maintains adequate foreign exchange reserves; a well-developed regulatory regime has limited Malaysia's exposure to riskier financial instruments, although it remains vulnerable to volatile global capital flows. In order to increase Malaysia’s competitiveness, Prime Minister NAJIB raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but retreated in 2013 after he encountered significant opposition from Malay nationalists and other vested interests. In September 2013 NAJIB launched the new Bumiputra Economic Empowerment Program, policies that favor and advance the economic condition of ethnic Malays.
Malaysia signed the 12-nation Trans-Pacific Partnership (TPP) free trade agreement in February 2016, although the future of the TPP remains unclear following the US withdrawal from the agreement. Along with nine other ASEAN members, Malaysia established the ASEAN Economic Community in 2015, which aims to advance regional economic integration.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
REGISTRATION
NO. |
: |
599967-H |
|
GST
NO. |
: |
000781377536 |
|
COMPANY
NAME |
: |
TGI
ASIA SDN. BHD. |
|
FORMER
NAME |
: |
TECHNO
GRAPHICS & INNOVATIONS SDN. BHD. (27/08/2015) |
|
INCORPORATION
DATE |
: |
27/11/2002 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
280A,
JALAN BANDAR 11, PUSAT BANDAR MELAWATI, 53100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
BUSINESS
ADDRESS |
: |
NO.3-2,
JALAN DAGANG SB 4/1, TAMAN SUNGAI BESI INDAH,, 43300 SERI KEMBANGAN,
SELANGOR, MALAYSIA. |
|
TEL.NO. |
: |
03-89385777 |
|
FAX.NO. |
: |
03-89437577 |
|
CONTACT
PERSON |
: |
MOHAMED
SERAAJ S/O BADSHAH ( DIRECTOR ) |
|
INDUSTRY
CODE |
: |
46329 |
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF SPICES |
|
AUTHORISED
CAPITAL |
: |
MYR
5,000,000.00 DIVIDED INTO |
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
2,000,000.00 DIVIDED INTO |
|
SALES |
: |
MYR
1,026,818 [2017] |
|
NET
WORTH |
: |
MYR
1,010,009 [2017] |
|
STAFF
STRENGTH |
: |
2
[2018] |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER
CHECK |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
FAIR |
|
PAYMENT |
: |
No
Complaints |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
N/A |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
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 spices.
The
Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Former
Address(es)
|
Address |
As
At Date |
|
23-1D,
JALAN PANDAN INDAH 4/34, PANDAN INDAH, 55100, WILAYAH PERSEKUTUAN, MALAYSIA |
03/09/2006 |
|
1-1-4,JLN
1/50, BLOK G, DIAMOND SQUARE COMMERCIAL CENTRE;OFF JLN GOMBAK, 53000, WILAYAH
PERSEKUTUAN, MALAYSIA |
15/02/2013 |
|
SUITE
701, 7TH FLOOR, PJ TOWER , AMCORP TRADE CENTRE, JALAN PERSIARAN BARAT, 46050,
SELANGOR, MALAYSIA |
N/A |
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
23/06/2015 |
MYR
5,000,000.00 |
MYR
2,000,000.00 |
|
25/02/2010 |
MYR
1,000,000.00 |
MYR
1,000,000.00 |
|
09/05/2003 |
MYR
500,000.00 |
MYR
500,000.00 |
|
27/11/2002 |
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 |
(%) |
|
MOHAMED
SERAAJ S/O BADSHAH + |
3-2,
JALAN DAGANG SB 4/1, TAMAN SUNGAI BESI INDAH, 43300 SERI KEMBANGAN, SELANGOR,
MALAYSIA. |
E0217334B |
1,000,000.00 |
50.00 |
|
TIPPUR
SITARAM ANANTHA KRISHNA + |
3-2,
JALAN DAGANG SB 4/1, TAMAN SUNGAI BESI INDAH, 43300 SERI KEMBANGAN, SELANGOR,
MALAYSIA. |
J0775692 |
800,000.00 |
40.00 |
|
MR.
AHMAD SHAZALI BIN ABA IBRAHIM + |
B-19-1,
IDAMAN SUTERA CONDOMINIUM, JALAN 8/21, MEDAN IDAMAN, 53100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
630217-13-5181
K804014 |
200,000.00 |
10.00 |
|
--------------- |
------ |
|||
|
2,000,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc
No |
Shareholding |
Last
Updated |
|
ALEEM
SAIDUNNISA BEGUM |
MALAYSIA |
S2223163D |
280,000.00 |
N/A |
|
EDWARD
JOHN A/L K.AMBROSE |
N/A |
641228-10-7083 |
20,000.00 |
N/A |
|
MOHAMED
SALEH A. BIN AFIF |
MALAYSIA |
0527864 |
150,000.00 |
N/A |
|
SUGUMARAN
A/L T ARUNASALAM |
MALAYSIA |
480214-05-5097 |
50,000.00 |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name
Of Subject |
: |
MR.
AHMAD SHAZALI BIN ABA IBRAHIM |
|
Address |
: |
B-19-1,
IDAMAN SUTERA CONDOMINIUM, JALAN 8/21, MEDAN IDAMAN, 53100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
IC
/ PP No |
: |
K804014 |
|
New
IC No |
: |
630217-13-5181 |
|
Date
of Birth |
: |
17/02/1963 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
18/04/2012 |
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 |
978694T |
AL
BUSALAH SDN. BHD. |
Director |
20/02/2012 |
500,000.00 |
50.00 |
MYR(17,863.00) |
2014 |
- |
23/02/2018 |
|
2 |
1124721T |
ALRAWDA
PROPERTIES SDN. BHD. |
Director |
29/12/2014 |
1.00 |
33.33 |
- |
- |
- |
23/02/2018 |
|
3 |
837022A |
CYJ
CEKAP LOGISTICS SDN. BHD. |
Director |
30/10/2008 |
60,000.00 |
60.00 |
- |
2016 |
- |
23/02/2018 |
|
4 |
967098K |
FAST
HOTEL SDN. BHD. |
Director |
09/11/2011 |
240,000.00 |
60.00 |
MYR(25,303.00) |
2014 |
- |
23/02/2018 |
|
5 |
84554K |
HASNARAMA
AUTOMOBILE SDN BHD |
Director |
29/01/2008 |
914,286.00 |
45.71 |
MYR290,459.00 |
2015 |
- |
23/02/2018 |
|
6 |
1027324H |
IKRAM
TIJARI SDN. BHD. |
Secretary
Director |
10/12/2012
10/12/2012 |
0.00 |
- |
- |
- |
- |
23/02/2018 |
|
7 |
1197173U |
IMV
PROPERTIES SDN. BHD. |
Shareholder |
- |
58,000.00 |
11.05 |
- |
- |
- |
23/02/2018 |
|
8 |
650586D |
NAWA
PHARMA SDN. BHD. |
Director
Secretary |
01/08/2007
26/02/2007 |
51,000.00 |
51.00 |
MYR(10,599.00) |
2009 |
- |
23/02/2018 |
|
9 |
371154D |
NURI
TULIN SDN. BHD. |
Secretary
Director |
20/05/1998
12/01/1996 |
935,000.00 |
85.00 |
MYR(66,094.00) |
2015 |
- |
23/02/2018 |
|
10 |
852168M |
PRINERGY
RESOURCES SDN. BHD. |
Shareholder |
- |
150,000.00 |
10.00 |
- |
2015 |
In
the process of striking off |
23/02/2018 |
|
11 |
1105957T |
RESTORAN
HJ SHARIN LOW (SARAWAK) SDN. BHD. |
Director |
21/08/2014 |
1.00 |
50.00 |
- |
- |
- |
23/02/2018 |
|
12 |
671968V |
RON
CORPORATE SERVICES SDN. BHD. |
Director |
02/09/2008 |
40.00 |
40.00 |
MYR(8,550.00) |
2007 |
- |
23/02/2018 |
|
13 |
1076618M |
SATOK
STAR SDN. BHD. |
Director |
06/01/2014 |
0.00 |
- |
- |
- |
- |
23/02/2018 |
|
14 |
599967H |
TGI
ASIA SDN. BHD. |
Director |
18/04/2012 |
200,000.00 |
10.00 |
MYR1,893.00 |
2017 |
- |
23/02/2018 |
|
15 |
732847U |
WILAYAH
FUJI SDN. BHD. |
Director |
09/09/2013 |
100,000.00 |
10.00 |
MYR9,183.00 |
2016 |
- |
23/02/2018 |
FORMER INTEREST
|
No |
Local
No |
Company |
Designation |
App
Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
612479U |
AGRO
BESTARI SDN. BHD. |
Director |
12/04/2010 |
01/03/2012 |
- |
- |
|
2 |
37278W |
ANIB
HOLDINGS SDN. BHD. |
Director |
01/07/2008 |
02/01/2013 |
- |
- |
|
3 |
27434U |
ANIB
PLANTATIONS SDN.BHD. |
Director |
15/04/2004 |
07/12/2012 |
- |
- |
|
4 |
39533W |
ANIB
REALTY SDN. BHD. |
Director |
01/04/1997 |
02/01/2013 |
- |
- |
|
5 |
24704M |
ASTANA
TRAVEL & TOURS SDN. BHD. |
Director |
24/01/2000 |
15/04/2005 |
- |
- |
|
6 |
24704M |
ASTANA
TRAVEL & TOURS SDN. BHD. |
Secretary |
24/01/2000 |
03/05/2005 |
- |
- |
|
7 |
24704M |
ASTANA
TRAVEL & TOURS SDN. BHD. |
Shareholder |
- |
- |
- |
- |
|
8 |
194507V |
BINA
KHIDMAT HOLDINGS SDN. BHD. |
Director |
01/04/1997 |
02/01/2013 |
- |
- |
|
9 |
90250P |
BINA
KHIDMAT SDN. BHD. |
Director |
15/04/1997 |
02/01/2013 |
- |
- |
|
10 |
567880X |
COAST
GUARD MALAYSIA SDN. BHD. |
Director |
04/01/2002 |
08/05/2008 |
- |
- |
|
11 |
567880X |
COAST
GUARD MALAYSIA SDN. BHD. |
Shareholder |
- |
- |
1.00 |
- |
|
12 |
547855X |
INITIAL
BUSINESS CORPORATION SDN. BHD. |
Director |
01/04/2006 |
08/01/2007 |
- |
- |
|
13 |
752593W |
MMSC
LEARNING GROUP SDN. BHD. |
Shareholder |
- |
- |
1200000 |
- |
|
14 |
266724K |
SERBA
DINAMIK SDN. BHD. |
Shareholder |
- |
- |
- |
- |
|
15 |
974821P |
SG
BERLIAN SDN. BHD. |
Director |
01/08/2012 |
13/11/2013 |
- |
- |
|
16 |
974821P |
SG
BERLIAN SDN. BHD. |
Shareholder |
- |
- |
210000.00 |
- |
|
17 |
549534A |
TECHNIER
ENGINEERING & TRADING SDN. BHD. |
Director |
16/07/2001 |
17/06/2003 |
- |
- |
|
18 |
549534A |
TECHNIER
ENGINEERING & TRADING SDN. BHD. |
Secretary |
16/07/2001 |
17/06/2003 |
- |
- |
DIRECTOR 2
|
Name
Of Subject |
: |
TIPPUR
SITARAM ANANTHA KRISHNA |
|
Address |
: |
3-2,
JALAN DAGANG SB 4/1, TAMAN SUNGAI BESI INDAH, 43300 SERI KEMBANGAN, SELANGOR,
MALAYSIA. |
|
IC
/ PP No |
: |
J0775692 |
|
Date
of Birth |
: |
03/01/1962 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
08/05/2015 |
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 |
599967H |
TGI
ASIA SDN. BHD. |
Director |
08/05/2015 |
800,000.00 |
40.00 |
MYR1,893.00 |
2017 |
- |
23/02/2018 |
DIRECTOR 3
|
Name
Of Subject |
: |
MOHAMED
SERAAJ S/O BADSHAH |
|
Address |
: |
3-2,
JALAN DAGANG SB 4/1, TAMAN SUNGAI BESI INDAH, 43300 SERI KEMBANGAN, SELANGOR,
MALAYSIA. |
|
Other
Address(es) |
: |
23-1D,
JALAN PANDAN INDAH 4/34, PANDAN INDAH, 55100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
IC
/ PP No |
: |
E0217334B |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
15/11/2007 |
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 |
599967H |
TGI
ASIA SDN. BHD. |
Director |
15/11/2007 |
1,000,000.00 |
50.00 |
MYR1,893.00 |
2017 |
- |
23/02/2018 |
FORMER
DIRECTOR(S)
|
|
Name |
Address |
IC/PP
No |
Appointed
Date |
Withdrawn
Date |
|
SUGUMARAN
A/L T ARUNASALAM |
1167,JALAN
1/17, TAMAN TUANKU JAAFAR, SG GADUT, SEREMBAN, NEGERI SEMBILAN, MALAYSIA |
480214-05-5097 |
28/01/2005 |
20/05/2010 |
|
MOHD
SAFUAN BIN MOHAMAD SA\'AD |
NO
30 JALAN SG PAJAM, 27/58,SEKSYEN 27, SHAH ALAM,SELANGOR, SHAH ALAM, SELANGOR,
MALAYSIA |
790521-08-6583 |
31/07/2007 |
20/07/2011 |
|
MOHAMED
SALEH A. BIN AFIF |
NO.11A,
JALAN BP 6, TAMAN BUKIT PERMATA, BATU CAVES, SELANGOR, MALAYSIA |
0527864 |
27/11/2002 |
20/07/2011 |
|
MOHAMED
ZEETHU SYED SULTHAN ARIFF |
11A,
JALAN BP 6, TAMAN BUKIT PERMATA, BATU CAVES, SELANGOR, MALAYSIA |
G3261139 |
16/04/2009 |
20/05/2010 |
|
MOHAMED
ZEETHU RAMISFATHIMA |
23-1D,
JALAN PANDAN INDAH 4/34, PANDAN INDAH, KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA |
G3259090 |
20/07/2011 |
18/04/2012 |
|
ISMAIL
ABBAS |
NO.3A,
PALLIVASAL ST, BODINAICKANOOR PO, THENI DT, TAMIL NADU 625513, PERAK |
H3307058 |
15/11/2007 |
20/07/2011 |
|
FAHURUDEEN
ABUTHAHIR |
NO.16-2-21/8H
BABA THOTTAM, PATHARKHANPALAYAM UTHAMAPALAYAM TELUK, THENI DISTRICT-625533,
TAMILNADU |
H8128544 |
06/08/2010 |
20/07/2011 |
|
EDWARD
JOHN A/L K.AMBROSE |
641228107083 |
27/11/2002 |
24/09/2010 |
|
|
ALEEM
SAIDUNNISA BEGUM |
11A,
JALAN BP6, TMN BUKIT PERMATA, BATU CAVES,SELANGOR, BATU CAVES, WILAYAH
PERSEKUTUAN, MALAYSIA |
S2223163D |
27/11/2002 |
20/07/2011 |
Note
: The above information was generated from our database.
MANAGEMENT
|
|
1) |
Name
of Subject |
: |
MOHAMED
SERAAJ S/O BADSHAH |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR
|
|
Auditor |
: |
MOHD
NIZARUDDIN & CO. |
|
Auditor'
Address |
: |
8-3B,
TINGKAT 3, PLAZA CITRA, JALAN CITRA, 43000 KAJANG, SELANGOR, MALAYSIA. |
|
|
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
MR.
AZMAN BIN JAACOB |
|
IC
/ PP No |
: |
A0419300 |
|
|
New
IC No |
: |
660726-08-6565 |
|
|
Address |
: |
20-0-1,
DESA VIEW TOWERS, JALAN KLANG GATE, 53300 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
|
|
BANKING
|
No Banker found in our databank.
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 |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its
suppliers.
The Subject refused to provide any name of trade/service
supplier and we are unable to conduct any trade enquiry. However, from
financial historical data we conclude that :
|
OVERALL
PAYMENT HABIT |
||||||||||||||
|
Prompt
0-30 Days |
[ |
] |
Good
31-60 Days |
[ |
] |
Average
61-90 Days |
[ |
X |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its
clientele.
OPERATIONS
|
|
Goods
Traded |
: |
SPICES |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
2 |
||||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a /
as an) trading of spices.
The Subject sells all kinds of spices and other
related products.
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 |
: |
03-89385777 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
NO
3-2 JALAN DAGANG SB 4/1 TAMAN SUNGAI BESI INDAH 43300 SERI KEMBANGAN SELANGOR |
|
Current
Address |
: |
NO.3-2,
JALAN DAGANG SB 4/1, TAMAN SUNGAI BESI INDAH,, 43300 SERI KEMBANGAN,
SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
On 27th March 2018 we contacted one of the staff
from the Subject and he provided some information.
He refused to disclose the bankers.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2013
- 2017 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
2013
- 2017 |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
0.19% |
] |
|
|
Return
on Net Assets |
: |
Unfavourable |
[ |
0.29% |
] |
|
|
The
fluctuating turnover reflects the fierce competition among the existing and
new market players.The management had succeeded in turning the Subject into a
profit making company. The profit could be due to better control of its
operating costs and efficiency in utilising its resources. The unfavourable
return on shareholders' funds could indicate that the Subject was inefficient
in utilising its assets to generate returns. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Favourable |
[ |
0
Days |
] |
|
|
Debtor
Ratio |
: |
Unfavourable |
[ |
341
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
0
Days |
] |
|
|
The
Subject's stocks were moving fast thus reducing its holding cost. This had reduced
funds being tied up in stocks. The Subject's debtors ratio was high. The
Subject should tighten its credit control and improve its collection period.
The Subject had a favourable creditors' ratio where the Subject could be
taking advantage of the cash discounts and also wanting to maintain goodwill
with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Favourable |
[ |
33.88
Times |
] |
|
|
Current
Ratio |
: |
Favourable |
[ |
33.89
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 |
: |
Nil |
[ |
0.00
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.00
Times |
] |
|
|
The
Subject's interest cover was nil as it did not pay any interest during the
year. 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 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 did not make any interest payment during the year.
The Subject was dependent on its shareholders' funds to finance its business
needs. 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 : FAIR |
||||||
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major
Economic Indicators: |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Population
( Million) |
30.0 |
31.0 |
31.6 |
32.1 |
32.9 |
|
Gross
Domestic Products ( % ) |
6.0 |
4.6 |
4.2 |
5.3 |
5.4 |
|
Domestic
Demand ( % ) |
6.4 |
6.2 |
4.3 |
6.3 |
6.4 |
|
Private
Expenditure ( % ) |
7.9 |
6.9 |
7.8 |
7.4 |
7.3 |
|
Consumption
( % ) |
6.5 |
6.1 |
5.1 |
6.9 |
6.8 |
|
Investment
( % ) |
12.0 |
8.1 |
10.0 |
9.3 |
8.9 |
|
Public
Expenditure ( % ) |
2.3 |
4.2 |
3.3 |
5.3 |
5.5 |
|
Consumption
( % ) |
2.1 |
4.3 |
2.0 |
2.7 |
1.3 |
|
Investment
( % ) |
2.6 |
(1.0) |
1.1 |
3.4 |
3.8 |
|
Balance
of Trade ( MYR Million ) |
82,480 |
91,577 |
88,145 |
94,593 |
96,993 |
|
Government
Finance ( MYR Million ) |
(37,414) |
(37,194) |
(38,401) |
(39,887) |
(39,790) |
|
Government
Finance to GDP / Fiscal Deficit ( % ) |
(3.4) |
(3.2) |
(3.1) |
(3.0) |
(2.8) |
|
Inflation
( % Change in Composite CPI) |
3.2 |
4.0 |
2.1 |
3.5 |
3.0 |
|
Unemployment
Rate |
2.9 |
3.1 |
3.4 |
3.4 |
3.3 |
|
Net
International Reserves ( MYR Billion ) |
417 |
390 |
391 |
- |
- |
|
Average
Risk-Weighted Capital Adequacy Ratio ( % ) |
4.00 |
3.50 |
- |
- |
- |
|
Average
3 Months of Non-performing Loans ( % ) |
2.10 |
2.00 |
1.90 |
- |
- |
|
Average
Base Lending Rate ( % ) |
6.85 |
6.79 |
6.81 |
6.73 |
- |
|
Business
Loans Disbursed( % ) |
18.6 |
2.2 |
- |
- |
- |
|
Foreign
Investment ( MYR Million ) |
43,486.6 |
43,435.0 |
- |
- |
- |
|
Consumer
Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration
of New Companies ( No. ) |
49,203 |
45,658 |
43,255 |
- |
- |
|
Registration
of New Companies ( % ) |
6.1 |
(7.2) |
(5.3) |
- |
- |
|
Liquidation
of Companies ( No. ) |
11,099 |
7,066 |
- |
- |
- |
|
Liquidation
of Companies ( % ) |
(19.5) |
(36.3) |
- |
- |
- |
|
Registration
of New Business ( No. ) |
332,723 |
364,230 |
376,720 |
- |
- |
|
Registration
of New Business ( % ) |
1.0 |
9.0 |
3.0 |
- |
- |
|
Business
Dissolved ( No. ) |
21,436 |
- |
- |
- |
- |
|
Business
Dissolved ( % ) |
18.0 |
- |
- |
- |
- |
|
Sales
of New Passenger Cars (' 000 Unit ) |
588.3 |
591.3 |
514.6 |
527.8 |
- |
|
Cellular
Phone Subscribers ( Million ) |
44.0 |
44.2 |
44.0 |
- |
- |
|
Tourist
Arrival ( Million Persons ) |
27.4 |
25.7 |
30.2 |
30.1 |
- |
|
Hotel
Occupancy Rate ( % ) |
63.6 |
58.8 |
61.2 |
- |
- |
|
Credit
Cards Spending ( % ) |
5.8 |
6.8 |
6.3 |
- |
- |
|
Bad
Cheque Offenders (No.) |
- |
- |
- |
- |
- |
|
Individual
Bankruptcy ( No.) |
22,351 |
18,457 |
- |
- |
- |
|
Individual
Bankruptcy ( % ) |
1.7 |
(17.4) |
- |
- |
- |
|
INDUSTRIES
( % of Growth ): |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Agriculture |
2.0 |
1.3 |
(5.1) |
5.6 |
2.4 |
|
Palm
Oil |
6.7 |
7.0 |
(12.7) |
11.8 |
- |
|
Rubber |
(10.4) |
(11.0) |
(6.3) |
10.8 |
- |
|
Forestry
& Logging |
(4.2) |
(7.2) |
(3.0) |
(15.0) |
- |
|
Fishing |
2.7 |
2.1 |
2.2 |
0.2 |
- |
|
Other
Agriculture |
6.2 |
6.0 |
5.1 |
2.4 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
303.8 |
343.7 |
420.3 |
- |
- |
|
%
of Industry Non-Performing Loans |
1.4 |
1.5 |
1.8 |
- |
- |
|
Mining |
3.3 |
5.3 |
2.2 |
0.5 |
0.9 |
|
Oil
& Gas |
3.0 |
3.5 |
4.5 |
- |
- |
|
Other
Mining |
46.6 |
47.1 |
42.6 |
- |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
63.5 |
180.1 |
190.0 |
- |
- |
|
%
of Industry Non-performing Loans |
0.3 |
0.8 |
0.8 |
- |
- |
|
Manufacturing
# |
6.1 |
4.9 |
4.4 |
5.5 |
5.3 |
|
Exported-oriented
Industries |
7.1 |
6.5 |
4.3 |
6.5 |
- |
|
Electrical
& Electronics |
11.8 |
9.2 |
6.8 |
9.3 |
- |
|
Rubber
Products |
(1.3) |
5.1 |
5.0 |
6.9 |
- |
|
Wood
Products |
7.8 |
7.0 |
7.8 |
7.3 |
- |
|
Textiles
& Apparel |
10.8 |
7.5 |
7.5 |
7.4 |
- |
|
Domestic-oriented
Industries |
7.7 |
4.7 |
3.4 |
6.2 |
- |
|
Food,
Beverages & Tobacco |
6.1 |
8.9 |
7.5 |
11.0 |
- |
|
Chemical
& Chemical Products |
1.4 |
3.5 |
4.5 |
3.5 |
- |
|
Plastic
Products |
2.7 |
3.9 |
5.1 |
- |
- |
|
Iron
& Steel |
2.8 |
1.6 |
2.2 |
- |
- |
|
Fabricated
Metal Products |
2.8 |
4.6 |
5.6 |
4.6 |
- |
|
Non-metallic
Mineral |
6.9 |
6.8 |
6.3 |
5.4 |
- |
|
Transport
Equipment |
14.4 |
5.2 |
(3.1) |
4.7 |
- |
|
Paper
& Paper Products |
4.7 |
3.2 |
5.4 |
5.8 |
- |
|
Crude
Oil Refineries |
13.0 |
14.3 |
13.7 |
- |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
5,730.8 |
4,243.7 |
4,214.1 |
- |
- |
|
%
of Industry Non-Performing Loans |
25.6 |
19.0 |
18.5 |
- |
- |
|
Construction |
11.7 |
8.2 |
7.4 |
7.6 |
7.5 |
|
Industry
Non-Performing Loans ( MYR Million ) |
1,666.4 |
1,638.0 |
1,793.9 |
- |
- |
|
%
of Industry Non-Performing Loans |
7.5 |
7.3 |
7.9 |
- |
- |
|
Services |
6.6 |
5.1 |
5.6 |
5.9 |
5.8 |
|
Electric,
Gas & Water |
3.8 |
3.6 |
5.4 |
2.5 |
2.6 |
|
Transport,
Storage & Communication |
7.70 |
7.55 |
6.85 |
7.35 |
7.30 |
|
Wholesale,
Retail, Hotel & Restaurant |
7.70 |
6.65 |
6.65 |
7.05 |
6.65 |
|
Finance,
Insurance & Real Estate |
5.15 |
2.90 |
4.70 |
5.70 |
5.90 |
|
Government
Services |
6.3 |
4.0 |
4.9 |
4.4 |
4.5 |
|
Other
Services |
4.8 |
4.7 |
4.8 |
5.3 |
5.3 |
|
Industry
Non-Performing Loans ( MYR Million ) |
5,373.5 |
6,806.6 |
7,190.6 |
- |
- |
|
%
of Industry Non-Performing Loans |
24.1 |
30.5 |
31.5 |
- |
- |
|
*
Estimate / Preliminary |
|||||
|
**
Forecast |
|||||
|
#
Based On Manufacturing Production Index |
|||||
INDUSTRY
ANALYSIS
|
|
MSIC
CODE |
|
|
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) |
|
TGI
ASIA SDN. BHD. |
|
Financial
Year End |
2017-12-31 |
2016-12-31 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
1,026,818 |
1,577,567 |
906,317 |
2,004,295 |
373,889 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
1,026,818 |
1,577,567 |
906,317 |
2,004,295 |
373,889 |
|
Costs
of Goods Sold |
(892,895) |
(1,419,577) |
(725,063) |
(1,730,785) |
(119,526) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
133,923 |
157,990 |
181,254 |
273,510 |
254,363 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
2,905 |
(614) |
3,842 |
82 |
1,473 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
2,905 |
(614) |
3,842 |
82 |
1,473 |
|
Taxation |
(1,012) |
- |
(9,514) |
(240) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
1,893 |
(614) |
(5,672) |
(158) |
1,473 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
8,116 |
8,730 |
14,402 |
14,560 |
13,087 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
8,116 |
8,730 |
14,402 |
14,560 |
13,087 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
10,009 |
8,116 |
8,730 |
14,402 |
14,560 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
10,009 |
8,116 |
8,730 |
14,402 |
14,560 |
|
|
============= |
============= |
============= |
============= |
|
BALANCE
SHEET
|
|
TGI
ASIA SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
1 |
1 |
1 |
1 |
1 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
1 |
1 |
1 |
1 |
1 |
|
CURRENT
ASSETS |
|||||
|
Stocks |
70 |
80 |
90 |
100 |
200 |
|
Trade
debtors |
959,131 |
986,861 |
956,319 |
987,782 |
977,260 |
|
Other
debtors, deposits & prepayments |
14,365 |
14,525 |
14,335 |
14,200 |
14,200 |
|
Amount
due from director |
37,350 |
32,532 |
28,142 |
28,494 |
37,311 |
|
Cash
& bank balances |
30,328 |
1,405 |
31,767 |
417 |
184 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
1,041,244 |
1,035,403 |
1,030,653 |
1,030,993 |
1,029,155 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
1,041,245 |
1,035,404 |
1,030,654 |
1,030,994 |
1,029,156 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Other
creditors & accruals |
10,538 |
7,602 |
3,606 |
7,788 |
6,032 |
|
Provision
for taxation |
20,189 |
19,149 |
17,753 |
8,239 |
7,999 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
30,727 |
26,751 |
21,359 |
16,027 |
14,031 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
1,010,517 |
1,008,652 |
1,009,294 |
1,014,966 |
1,015,124 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||||
|
Deferred
taxation |
509 |
537 |
565 |
565 |
565 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
509 |
537 |
565 |
565 |
565 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
1,010,009 |
1,008,116 |
1,008,730 |
1,014,402 |
1,014,560 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
RESERVES |
|||||
|
Retained
profit/(loss) carried forward |
10,009 |
8,116 |
8,730 |
14,402 |
14,560 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
10,009 |
8,116 |
8,730 |
14,402 |
14,560 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
1,010,009 |
1,008,116 |
1,008,730 |
1,014,402 |
1,014,560 |
|
|
============= |
============= |
============= |
============= |
|
FINANCIAL
RATIO
|
|
TGI
ASIA SDN. BHD. |
|
TYPES
OF FUNDS |
|||||
|
Cash |
30,328 |
1,405 |
31,767 |
417 |
184 |
|
Net
Liquid Funds |
30,328 |
1,405 |
31,767 |
417 |
184 |
|
Net
Liquid Assets |
1,010,447 |
1,008,572 |
1,009,204 |
1,014,866 |
1,014,924 |
|
Net
Current Assets/(Liabilities) |
1,010,517 |
1,008,652 |
1,009,294 |
1,014,966 |
1,015,124 |
|
Net
Tangible Assets |
1,010,009 |
1,008,116 |
1,008,730 |
1,014,402 |
1,014,560 |
|
Net
Monetary Assets |
1,009,938 |
1,008,035 |
1,008,639 |
1,014,301 |
1,014,359 |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
2,905 |
(614) |
3,842 |
82 |
1,473 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
2,905 |
(614) |
3,842 |
82 |
1,473 |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Liabilities |
31,236 |
27,288 |
21,924 |
16,592 |
14,596 |
|
Total
Assets |
1,041,245 |
1,035,404 |
1,030,654 |
1,030,994 |
1,029,156 |
|
Net
Assets |
1,010,009 |
1,008,116 |
1,008,730 |
1,014,402 |
1,014,560 |
|
Net
Assets Backing |
1,010,009 |
1,008,116 |
1,008,730 |
1,014,402 |
1,014,560 |
|
Shareholders'
Funds |
1,010,009 |
1,008,116 |
1,008,730 |
1,014,402 |
1,014,560 |
|
Total
Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
Total
Reserves |
10,009 |
8,116 |
8,730 |
14,402 |
14,560 |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(34.91) |
74.06 |
(54.78) |
436.07 |
(3.17) |
|
Proft/(Loss)
Before Tax |
573.13 |
(115.98) |
4,585.37 |
(94.43) |
109.72 |
|
Proft/(Loss)
After Tax |
408.31 |
89.17 |
(3,489.87) |
(110.73) |
109.72 |
|
Total
Assets |
0.56 |
0.46 |
(0.03) |
0.18 |
(0.52) |
|
Total
Liabilities |
14.47 |
24.47 |
32.14 |
13.67 |
(32.07) |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
0.99 |
0.05 |
1.49 |
0.03 |
0.01 |
|
Liquid
Ratio |
33.88 |
38.70 |
48.25 |
64.32 |
73.33 |
|
Current
Ratio |
33.89 |
38.71 |
48.25 |
64.33 |
73.35 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
0 |
0 |
0 |
0 |
0 |
|
Debtors
Ratio |
341 |
228 |
385 |
180 |
954 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Liabilities
Ratio |
0.03 |
0.03 |
0.02 |
0.02 |
0.01 |
|
Assets
Backing Ratio |
1.01 |
1.01 |
1.01 |
1.01 |
1.01 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
0.28 |
(0.04) |
0.42 |
0 |
0.39 |
|
Net
Profit Margin |
0.18 |
(0.04) |
(0.63) |
(0.01) |
0.39 |
|
Return
On Net Assets |
0.29 |
(0.06) |
0.38 |
0.01 |
0.15 |
|
Return
On Capital Employed |
0.29 |
(0.06) |
0.38 |
0.01 |
0.15 |
|
Return
On Shareholders' Funds/Equity |
0.19 |
(0.06) |
(0.56) |
(0.02) |
0.15 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
MYR |
1 |
INR 16.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
DNS |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.