|
|
|
MIRA INFORM REPORT
|
Report No. : |
507749 |
|
Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SYARIKAT BALAMURUGAN SDN. BHD. |
|
|
|
|
Formerly Known As : |
MAYA PURI SDN BHD |
|
|
|
|
Registered Office : |
Suite 12b-23, Level
12b, Wisma Zelan, 1, Jalan Tasik Permaisuri 2, Bandar Tun Razak, Cheras,
56000 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
29.02.2016 |
|
|
|
|
Date of Incorporation : |
21.02.1980 |
|
|
|
|
Com. Reg. No.: |
55418-M |
|
|
|
|
Legal Form : |
Private Limited
(Limited by Share) |
|
|
|
|
Line of Business : |
The Subject is principally engaged in trading in
all kinds of scrap metals and related products. |
|
|
|
|
No. of Employees : |
Not available |
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. |
: |
55418-M |
||||
|
GST NO. |
: |
000708599808 |
||||
|
COMPANY
NAME |
: |
SYARIKAT
BALAMURUGAN SDN. BHD. |
||||
|
FORMER
NAME |
: |
MAYA
PURI SDN BHD (13/04/2004) |
||||
|
INCORPORATION
DATE |
: |
21/02/1980 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
SUITE
12B-23, LEVEL 12B, WISMA ZELAN, 1, JALAN TASIK PERMAISURI 2, BANDAR TUN
RAZAK, CHERAS, 56000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
355-E JALAN
SUNGAI BESI, BATU 3 /12, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-79835730 |
||||
|
FAX.NO. |
: |
03-79814304 |
||||
|
CONTACT
PERSON |
: |
VISWANATHAN
CHELLIAH ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
46622 |
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
IN ALL KINDS OF SCRAP METALS AND RELATED PRODUCTS |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
144,490,466 [2016] |
||||
|
NET
WORTH |
: |
MYR
3,376,606 [2016] |
||||
|
STAFF
STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
NO
COMPLAINTS |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
N/A |
||||
|
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 in all kinds of scrap metals and related products.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At
Date |
|
SUITE
805, 8TH FLOOR, KOMPLEKS SELANGOR, JALAN SULTAN, 50000, WILAYAH PERSEKUTUAN,
MALAYSIA |
14/07/1999 |
|
ROOM 228,
2ND FLOOR, CAMPBELL COMPLEX, JALAN DANG WANGI, 50100, WILAYAH PERSEKUTUAN,
MALAYSIA |
31/05/1992 |
Share Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
22/12/2011 |
MYR
1,000,000.00 |
MYR
1,000,000.00 |
|
06/09/2005 |
MYR
500,000.00 |
MYR
500,000.00 |
|
03/06/1996 |
MYR
100,000.00 |
MYR
3.00 |
The major
shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
VISWANATHAN
CHELLIAH + |
355-E,
JALAN SUNGAI BESI, BATU 3 1/2, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
K9691363 |
550,000.00 |
55.00 |
|
VARADHA
RAJAN SANITHAVALIAN PANDI + |
355-E,
JALAN SUNGAI BESI, BATU 3 1/2, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
R1497584 |
75,000.00 |
7.50 |
|
MS.
PARAMESHWARI A/P GANESAN + |
UNIT
E-08-01, CONDOMINIUM VIVALDI KIARA, 1, JALAN 19/70A, DESA SRI HARTAMAS, 50480
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
760613-14-5408
A3597609 |
75,000.00 |
7.50 |
|
PANDI
SARAVANAN + |
UNIT
E-08-01, CONDOMINIUM VIVALDI KIARA, 1, JALAN 19/70A, DESA SRI HARTAMAS, 50480
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
Z2835367 |
75,000.00 |
7.50 |
|
MR.
PANDI A/L SANTHAVALIAN |
355E,
JALAN SUNGAI BESI, BATU 3 1/2, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
470210-71-5095
7713726 |
225,000.00 |
22.50 |
|
--------------- |
------ |
|||
|
1,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also
Director
Former
Shareholder(s) :
|
Name |
Country |
IC/PP/Loc
No |
Shareholding |
Last
Updated |
|
SARAVANAN
A/L PANDI |
MALAYSIA |
V106384 |
1.00 |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name Of
Subject |
: |
MS.
PARAMESHWARI A/P GANESAN |
|
Address |
: |
UNIT
E-08-01, CONDOMINIUM VIVALDI KIARA, 1, JALAN 19/70A, DESA SRI HARTAMAS, 50480
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Other
Address(es) |
: |
37
JALAN SS 5D/8, KELANA JAYA, PETALING JAYA,SELANGOR, 47301 PETALING JAYA,
SELANGOR, MALAYSIA. |
|
IC / PP
No |
: |
A3597609 |
|
New IC
No |
: |
760613-14-5408 |
|
Date of
Birth |
: |
13/06/1976 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
27/07/1998 |
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 |
594534U |
BALAJI
ENTERPRISE SDN. BHD. |
Director |
02/10/2002 |
87,502.00 |
5.83 |
MYR389,752.00 |
2016 |
- |
23/04/2018 |
|
2 |
653486D |
LIFEMAX
RESOURCES SDN. BHD. |
Director |
15/09/2004 |
600.00 |
19.99 |
- |
2016 |
In the
process of striking off |
23/04/2018 |
|
3 |
111587W |
PSY RESOURCES
SDN. BHD. |
Director |
20/06/2006 |
140,000.00 |
40.00 |
MYR25,955.00 |
2016 |
- |
23/04/2018 |
|
4 |
55418M |
SYARIKAT
BALAMURUGAN SDN. BHD. |
Director |
27/07/1998 |
75,000.00 |
7.50 |
MYR325,017.00 |
2016 |
- |
23/04/2018 |
DIRECTOR 2
|
Name Of
Subject |
: |
PANDI
SARAVANAN |
|
Address |
: |
UNIT
E-08-01, CONDOMINIUM VIVALDI KIARA, 1, JALAN 19/70A, DESA SRI HARTAMAS, 50480
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP
No |
: |
Z2835367 |
|
Nationality |
: |
INDIAN |
|
Date of
Appointment |
: |
24/08/1995 |
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 |
594534U |
BALAJI
ENTERPRISE SDN. BHD. |
Director |
02/10/2002 |
287,501.00 |
19.17 |
MYR389,752.00 |
2016 |
- |
23/04/2018 |
|
2 |
1093471T |
BUMI
METAL RECOVERY SDN. BHD. |
Director |
23/05/2016 |
0.00 |
- |
MYR(100,701.00) |
2015 |
- |
23/04/2018 |
|
3 |
111587W |
PSY
RESOURCES SDN. BHD. |
Director |
20/06/2006 |
34,000.00 |
9.71 |
MYR25,955.00 |
2016 |
- |
23/04/2018 |
|
4 |
55418M |
SYARIKAT
BALAMURUGAN SDN. BHD. |
Director |
24/08/1995 |
75,000.00 |
7.50 |
MYR325,017.00 |
2016 |
- |
23/04/2018 |
DIRECTOR 3
|
Name Of
Subject |
: |
VARADHA
RAJAN SANITHAVALIAN PANDI |
|
Address |
: |
355-E,
JALAN SUNGAI BESI, BATU 3 1/2, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
IC / PP
No |
: |
R1497584 |
|
Nationality |
: |
INDIAN |
|
Date of
Appointment |
: |
18/07/2005 |
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 |
594534U |
BALAJI
ENTERPRISE SDN. BHD. |
Shareholder |
- |
277,501.00 |
18.50 |
MYR389,752.00 |
2016 |
- |
23/04/2018 |
|
2 |
1241441H |
PSY ICT
SOLUTIONS SDN. BHD. |
Director |
03/08/2017 |
1.00 |
100.00 |
- |
- |
- |
23/04/2018 |
|
3 |
55418M |
SYARIKAT
BALAMURUGAN SDN. BHD. |
Director |
18/07/2005 |
75,000.00 |
7.50 |
MYR325,017.00 |
2016 |
- |
23/04/2018 |
|
4 |
1274215T |
UNISPACE
BUSINESS CENTER SDN. BHD. |
Director |
29/03/2018 |
1.00 |
33.33 |
- |
- |
- |
23/04/2018 |
DIRECTOR 4
|
Name Of
Subject |
: |
VISWANATHAN
CHELLIAH |
|
Address |
: |
355-E,
JALAN SUNGAI BESI, BATU 3 1/2, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
IC / PP
No |
: |
K9691363 |
|
Nationality |
: |
INDIAN |
|
Date of
Appointment |
: |
23/07/2002 |
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 |
1093471T |
BUMI METAL
RECOVERY SDN. BHD. |
Director |
23/05/2016 |
0.00 |
- |
MYR(100,701.00) |
2015 |
- |
23/04/2018 |
|
2 |
111587W |
PSY
RESOURCES SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR25,955.00 |
2016 |
- |
23/04/2018 |
|
3 |
55418M |
SYARIKAT
BALAMURUGAN SDN. BHD. |
Director |
23/07/2002 |
550,000.00 |
55.00 |
MYR325,017.00 |
2016 |
- |
23/04/2018 |
|
4 |
1274215T |
UNISPACE
BUSINESS CENTER SDN. BHD. |
Director |
29/03/2018 |
1.00 |
33.33 |
- |
2016 |
- |
23/04/2018 |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP
No |
Appointed
Date |
Withdrawn
Date |
|
RAMANTHAN
A/L RETNAM |
NO.355-E,
JALAN SUNGAI BESI, BATU 3 1/2, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
440617-71-5057 |
03/04/2008 |
01/09/2011 |
|
POOBALAN
A/L KUPPUSAMY |
NO.355-E
JALAN SUNGAI BESI, BATU 3 1/2, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
710611-02-5511 |
03/04/2008 |
04/03/2009 |
|
MUTHU
S/O SOLAMALAI KONAR |
NO.
355-E, JALAN SUNGAI BESI, BATU 3 1/2, KUALA LUMPUR, KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA |
3053669 |
23/04/1992 |
23/05/2002 |
|
MURUGAN
A/L SUBRAMANIAM |
357-A,JALAN
SG.BESI, BATU 3 1/2, KUALA LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA |
620202-08-5901 |
09/03/2004 |
26/04/2004 |
|
BALAKRISHNAN
A/L RAMAN. |
22-04-16,JALAN
1/108C, TAMAN SUNGAI BESI, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
570126-08-6503 |
09/03/2004 |
26/04/2004 |
|
VARADHARAJAN
SANITHAVALIAN PANDI |
NO.355-E,,
JALAN SUNGAI BESI, BATU 3 1/2 MALAYSIA, KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA |
H4070427 |
18/07/2005 |
26/12/2017 |
|
PANDI
A/L SANTHAVALIAN |
355E,
JALAN SUNGAI BESI, BATU 3 1/2, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
470210-71-5095 |
23/04/1992 |
01/06/2016 |
Note :
The above information was generated from our database.
MANAGEMENT
|
|
1) |
Name of
Subject |
: |
VISWANATHAN
CHELLIAH |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
AZIZ
TAHIR & CO. |
|
Auditor'
Address |
: |
28-6-2,
JALAN SEMARAK API 3, DIAMOND SQUARE, OFF JALAN GOMBAK, 53000 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company
Secretary |
: |
MR.
SURDASS @ VIPIN KUMAR |
|
IC / PP
No |
: |
4243746 |
|
|
New IC
No |
: |
511114-10-5957 |
|
|
Address |
: |
11, LORONG
RAHIM KAJAI LAPAN, TAMAN TUN DR. ISMAIL, 60000 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
|
2) |
Company
Secretary |
: |
MS. T
RATNAJOTHY A/P THAMBIDURAI |
|
IC / PP
No |
: |
5479627 |
|
|
New IC
No |
: |
580606-08-5146 |
|
|
Address |
: |
LOT
587/72, JALAN NGP 2/4, NEW GREEN PARK, JALAN WATERFALL, 48000 RAWANG,
SELANGOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN
BANKING BHD |
ENCUMBRANCE (S)
|
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
1 |
03/11/1992 |
N/A |
CREDIT
CORPORATION MALAYSIA BERHAD |
MYR
300,000.00 |
Satisfied |
|
2 |
18/01/2006 |
N/A |
HSBC
BANK MALAYSIA BERHAD |
- |
Satisfied |
|
3 |
05/03/2013 |
DEBENTURE |
INDIA
INTERNATIONAL BANK MALAYSIA BERHAD |
MYR
6,000,000.00 |
Unsatisfied |
|
4 |
18/06/2014 |
MEMORANDUM
OF DEPOSIT |
CIMB
BANK BERHAD |
MYR
150,000.00 |
Unsatisfied |
|
5 |
18/06/2014 |
MEMORANDUM
OF DEPOSIT |
CIMB
BANK BERHAD |
MYR
300,000.00 |
Unsatisfied |
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 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 |
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 |
: |
ALL
KINDS OF SCRAP METALS AND RELATED PRODUCTS |
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading in all kinds
of scrap metals and related products.
The Subject refused to disclose its operation.
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 |
: |
03-79835730 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
NO. 355
E, JALAN SUNGAI BESI, 3 1/2 MILE, 57100 KUALA LUMPUR |
|
Current
Address |
: |
355-E JALAN
SUNGAI BESI, BATU 3 /12, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
NO |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
We contacted one of the staff from the Subject and he provided some limited information.
He refused to disclose its number of employees.
The address provided is incomplete.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012 -
2016 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
2012 -
2016 |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
9.63% |
] |
|
|
Return
on Net Assets |
: |
Acceptable |
[ |
21.55% |
] |
|
|
The
fluctuating turnover reflects the fierce competition among the existing and new
market players.The dip in profit could be due to the stiff market competition
which reduced the Subject's profit margin. 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 |
[ |
1 Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
11 Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
3 Days |
] |
|
|
The Subject's
stocks were moving fast thus reducing its holding cost. This had reduced
funds being tied up in stocks. The favourable debtors' days could be due to
the good credit control measures implemented by the Subject. The Subject had
a favourable creditors' ratio where the Subject could be taking advantage of
the cash discounts and also wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Favourable |
[ |
1.26
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
1.30
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 |
: |
Unfavourable |
[ |
2.25
Times |
] |
|
|
Gearing
Ratio |
: |
Unfavourable |
[ |
1.36
Times |
] |
|
|
The
Subject's interest cover was low. If its profits fall or when interest rate
rises, it may not be able to meet all its interest payment. The Subject
was highly geared, thus it had a high financial risk. The Subject was
dependent on loans to finance its business needs. In times of economic
downturn and / or high interest rate, the Subject will become less profitable
and competitive than other firms in the same industry, which are lowly
geared. This is because the Subject has to service the interest and to repay
the loan, which will erode part of its profits. The profits will fluctuate
depending on the Subject's turnover and the interest it needs to pay. |
||||||
|
Overall
Assessment : |
||||||
|
The
Subject recorded lower profits as its turnover showed a erratic trend. The
Subject's management was unable to control its costs efficiently as its profit
showed a downward trend. 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. If there is a fall in the Subject's profit or any increase in
interest rate, the Subject may not be able to generate sufficient cash-flow
to service its interest. The Subject's gearing level was high and its going
concern will be in doubt if there is no injection of additional shareholders'
funds in times of economic downturn and / or high interest rates. |
||||||
|
Overall
financial condition of the Subject : LIMITED |
||||||
|
|
||||||
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 |
47,871 |
- |
|
Registration
of New Companies ( % ) |
6.1 |
(7.2) |
(5.3) |
10.7 |
- |
|
Liquidation
of Companies ( No. ) |
33,226 |
34,667 |
36,778 |
38,632 |
- |
|
Liquidation
of Companies ( % ) |
0.5 |
4.3 |
6.1 |
5.0 |
- |
|
Registration
of New Business ( No. ) |
332,723 |
364,230 |
376,720 |
484,029 |
- |
|
Registration
of New Business ( % ) |
1.0 |
9.0 |
3.0 |
29.0 |
- |
|
Business
Dissolved ( No. ) |
26,966 |
- |
- |
- |
- |
|
Business
Dissolved ( % ) |
48.5 |
- |
- |
- |
- |
|
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 |
|
|
46622 :
Wholesale of ferrous and non-ferrous semi-finished metal ores and products
n.e.c. |
|
|
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) |
|
SYARIKAT
BALAMURUGAN SDN. BHD. |
|
Financial
Year End |
2016-02-29 |
2015-02-28 |
2014-02-28 |
2013-02-28 |
2012-02-29 |
|
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 |
144,490,466 |
161,443,950 |
149,665,492 |
139,191,629 |
142,115,406 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
144,490,466 |
161,443,950 |
149,665,492 |
139,191,629 |
142,115,406 |
|
Costs
of Goods Sold |
(140,600,160) |
(157,854,913) |
(146,439,200) |
(136,383,244) |
(139,227,656) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
3,890,306 |
3,589,037 |
3,226,292 |
2,808,385 |
2,887,750 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
403,839 |
408,250 |
436,257 |
481,948 |
581,728 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
403,839 |
408,250 |
436,257 |
481,948 |
581,728 |
|
Taxation |
(78,822) |
(133,466) |
(64,461) |
(78,895) |
(113,754) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
325,017 |
274,784 |
371,796 |
403,053 |
467,974 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
2,051,589 |
1,776,805 |
1,405,009 |
1,001,956 |
533,982 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
2,051,589 |
1,776,805 |
1,405,009 |
1,001,956 |
533,982 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
2,376,606 |
2,051,589 |
1,776,805 |
1,405,009 |
1,001,956 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
2,376,606 |
2,051,589 |
1,776,805 |
1,405,009 |
1,001,956 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||||
|
Bank
overdraft |
285,312 |
311,518 |
209,728 |
- |
- |
|
Hire purchase |
38,553 |
17,543 |
25,258 |
14,440 |
14,905 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
323,865 |
329,061 |
234,986 |
14,440 |
14,905 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
256,213 |
232,449 |
229,995 |
193,234 |
176,171 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization
And Depreciation |
256,213 |
232,449 |
229,995 |
193,234 |
176,171 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
SYARIKAT
BALAMURUGAN SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
757,441 |
454,404 |
646,711 |
542,989 |
423,450 |
|
LONG
TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Deferred
assets |
6,869 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM INVESTMENTS/OTHER ASSETS |
6,869 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
764,310 |
454,404 |
646,711 |
542,989 |
423,450 |
|
CURRENT
ASSETS |
|||||
|
Stocks |
358,436 |
342,771 |
317,702 |
275,134 |
320,287 |
|
Trade
debtors |
4,542,278 |
4,758,730 |
3,831,304 |
4,134,332 |
4,300,170 |
|
Other
debtors, deposits & prepayments |
2,421,486 |
2,163,472 |
1,686,539 |
1,879,373 |
1,755,705 |
|
Short
term deposits |
3,639,674 |
3,516,754 |
3,300,000 |
- |
- |
|
Amount
due from director |
2,335 |
- |
77,073 |
- |
- |
|
Cash
& bank balances |
2,017,996 |
3,649,918 |
2,003,104 |
962,946 |
2,078,009 |
|
Others |
21,651 |
- |
33,358 |
18,331 |
9,502 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
13,003,856 |
14,431,645 |
11,249,080 |
7,270,116 |
8,463,673 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
13,768,166 |
14,886,049 |
11,895,791 |
7,813,105 |
8,887,123 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade
creditors |
969,002 |
914,033 |
1,777,985 |
554,800 |
637,947 |
|
Other
creditors & accruals |
1,168,775 |
2,778,605 |
1,512,428 |
616,842 |
1,013,009 |
|
Hire
purchase & lease creditors |
205,539 |
78,710 |
87,201 |
106,885 |
114,775 |
|
Bank
overdraft |
4,007,598 |
3,545,682 |
2,434,509 |
- |
- |
|
Amounts
owing to director |
3,666,946 |
4,357,715 |
3,058,546 |
3,903,880 |
5,020,563 |
|
Provision
for taxation |
- |
7,375 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
10,017,860 |
11,682,120 |
8,870,669 |
5,182,407 |
6,786,294 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
2,985,996 |
2,749,525 |
2,378,411 |
2,087,709 |
1,677,379 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||||
|
Long
term loans |
- |
- |
230,767 |
205,665 |
- |
|
Hire
purchase creditors |
373,700 |
152,057 |
- |
- |
76,976 |
|
Deferred
taxation |
- |
283 |
17,550 |
20,024 |
21,897 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
373,700 |
152,340 |
248,317 |
225,689 |
98,873 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
3,376,606 |
3,051,589 |
2,776,805 |
2,405,009 |
2,001,956 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED
BY: |
|||||
|
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 |
2,376,606 |
2,051,589 |
1,776,805 |
1,405,009 |
1,001,956 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
2,376,606 |
2,051,589 |
1,776,805 |
1,405,009 |
1,001,956 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
3,376,606 |
3,051,589 |
2,776,805 |
2,405,009 |
2,001,956 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
SYARIKAT
BALAMURUGAN SDN. BHD. |
|
TYPES
OF FUNDS |
|||||
|
Cash |
5,657,670 |
7,166,672 |
5,303,104 |
962,946 |
2,078,009 |
|
Net
Liquid Funds |
1,650,072 |
3,620,990 |
2,868,595 |
962,946 |
2,078,009 |
|
Net
Liquid Assets |
2,627,560 |
2,406,754 |
2,060,709 |
1,812,575 |
1,357,092 |
|
Net
Current Assets/(Liabilities) |
2,985,996 |
2,749,525 |
2,378,411 |
2,087,709 |
1,677,379 |
|
Net
Tangible Assets |
3,376,606 |
3,051,589 |
2,776,805 |
2,405,009 |
2,001,956 |
|
Net
Monetary Assets |
2,253,860 |
2,254,414 |
1,812,392 |
1,586,886 |
1,258,219 |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
727,704 |
737,311 |
671,243 |
496,388 |
596,633 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
983,917 |
969,760 |
901,238 |
689,622 |
772,804 |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
4,586,837 |
3,776,449 |
2,752,477 |
312,550 |
191,751 |
|
Total Liabilities |
10,391,560 |
11,834,460 |
9,118,986 |
5,408,096 |
6,885,167 |
|
Total
Assets |
13,768,166 |
14,886,049 |
11,895,791 |
7,813,105 |
8,887,123 |
|
Net
Assets |
3,376,606 |
3,051,589 |
2,776,805 |
2,405,009 |
2,001,956 |
|
Net
Assets Backing |
3,376,606 |
3,051,589 |
2,776,805 |
2,405,009 |
2,001,956 |
|
Shareholders'
Funds |
3,376,606 |
3,051,589 |
2,776,805 |
2,405,009 |
2,001,956 |
|
Total
Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
Total
Reserves |
2,376,606 |
2,051,589 |
1,776,805 |
1,405,009 |
1,001,956 |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(10.50) |
7.87 |
7.52 |
(2.06) |
(5.60) |
|
Proft/(Loss)
Before Tax |
(1.08) |
(6.42) |
(9.48) |
(17.15) |
71.22 |
|
Proft/(Loss)
After Tax |
18.28 |
(26.09) |
(7.76) |
(13.87) |
293.56 |
|
Total
Assets |
(7.51) |
25.14 |
52.25 |
(12.09) |
5.67 |
|
Total
Liabilities |
(12.19) |
29.78 |
68.62 |
(21.45) |
(6.65) |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
0.56 |
0.61 |
0.60 |
0.19 |
0.31 |
|
Liquid Ratio |
1.26 |
1.21 |
1.23 |
1.35 |
1.20 |
|
Current
Ratio |
1.30 |
1.24 |
1.27 |
1.40 |
1.25 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
1 |
1 |
1 |
1 |
1 |
|
Debtors
Ratio |
11 |
11 |
9 |
11 |
11 |
|
Creditors
Ratio |
3 |
2 |
4 |
1 |
2 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
1.36 |
1.24 |
0.99 |
0.13 |
0.10 |
|
Liabilities
Ratio |
3.08 |
3.88 |
3.28 |
2.25 |
3.44 |
|
Times
Interest Earned Ratio |
2.25 |
2.24 |
2.86 |
34.38 |
40.03 |
|
Assets
Backing Ratio |
3.38 |
3.05 |
2.78 |
2.41 |
2.00 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
0.28 |
0.25 |
0.29 |
0.35 |
0.41 |
|
Net
Profit Margin |
0.22 |
0.17 |
0.25 |
0.29 |
0.33 |
|
Return
On Net Assets |
21.55 |
24.16 |
24.17 |
20.64 |
29.80 |
|
Return On
Capital Employed |
9.14 |
10.80 |
12.10 |
18.13 |
26.93 |
|
Return
On Shareholders' Funds/Equity |
9.63 |
9.00 |
13.39 |
16.76 |
23.38 |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
0 |
0 |
0 |
|
NOTES
TO ACCOUNTS |
|||||
|
Contingent
Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.08 |
|
|
1 |
INR 91.14 |
|
Euro |
1 |
INR 80.01 |
|
SGD |
1 |
INR 50.17 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
SYL |
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.