|
|
|
MIRA INFORM REPORT
|
Report No. : |
508781 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRESS METAL BINTULU SDN. BHD. |
|
|
|
|
Registered Office : |
Lot
6.05, Level 6, Kpmg Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya,
Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
19.10.2010 |
|
|
|
|
Com. Reg. No.: |
918822-X |
|
|
|
|
Legal Form : |
Private Limited (Limited By Shares) |
|
|
|
|
Line of Business : |
Manufacturing
and Trading of Aluminium Products. |
|
|
|
|
No. of Employees : |
2000 (2018) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
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. |
: |
918822-X |
||||
|
GST
NO. |
: |
001407778816 |
||||
|
COMPANY
NAME |
: |
PRESS
METAL BINTULU SDN. BHD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
19/10/2010 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
LOT
6.05, LEVEL 6, KPMG TOWER, 8 FIRST AVENUE, BANDAR UTAMA, 47800 PETALING JAYA,
SELANGOR, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
SUITE
61 & 62, SETIA AVENUE 2, JALAN SETIA PRIMA S U13/S, SETIA ALAM, SEKSYEN
U13, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-33622188 |
||||
|
FAX.NO. |
: |
03-33622000 |
||||
|
WEB
SITE |
: |
WWW.PRESSMETAL.COM |
||||
|
CONTACT
PERSON |
: |
KOON
POH MING ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
24202
|
||||
|
PRINCIPAL
ACTIVITY |
: |
MANUFACTURING
AND TRADING OF ALUMINIUM PRODUCTS |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
1,500,000,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
1,123,580,400.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
4,274,847,000 [2016] |
||||
|
NET
WORTH |
: |
MYR
1,722,049,000 [2016] |
||||
|
STAFF
STRENGTH |
: |
2000
[2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
AVERAGE |
||||
|
MANAGEMENT
CAPABILITY |
: |
GOOD |
||||
|
COMMERCIAL
RISK |
: |
LOW |
||||
|
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) manufacturing and trading of aluminium products.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former
Address(es)
|
Address |
As
At Date |
|
LOT
6464 BATU 5 3/4, JALAN KAPAR SEMENTA, 42100, SELANGOR, MALAYSIA |
15/02/2013 |
|
LOT
36, BLOCK 1, SAMALAJU INDUSTRIAL PARK, KEMENA LAND DISTRICT, 97000, SARAWAK,
MALAYSIA |
N/A |
Share
Capital History
|
Date |
Authorised Shared
Capital |
Issue & Paid Up
Capital |
|
31/03/2015 |
MYR
1,500,000,000.00 |
MYR
1,123,580,400.00 |
|
27/02/2015 |
MYR
1,500,000,000.00 |
MYR
892,170,000.00 |
|
13/02/2015 |
MYR
1,500,000,000.00 |
MYR
676,290,000.00 |
|
05/03/2014 |
MYR
1,000,000,000.00 |
MYR
459,000,000.00 |
|
10/08/2011 |
MYR
50,000,000.00 |
MYR
50,000,000.00 |
|
13/06/2011 |
MYR
50,000,000.00 |
MYR
1,050,000.00 |
|
19/10/2010 |
MYR
100,000.00 |
MYR
2.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
PRESS
METAL ALUMINIUM HOLDINGS BERHAD |
- |
1198171-H |
898,864,320.00 |
80.00 |
|
SUMMIT
GLOBAL MANAGEMENT XII B.V |
STRAWINSKYLAAN
917, A-9, 1077 XX AMSTERDAM NETHERLANDS |
XLZ00222241 |
224,716,080.00 |
20.00 |
|
--------------- |
------ |
|||
|
1,123,580,400.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
Former
Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
ONG
SIEW FUN |
MALAYSIA |
831011-14-6476 |
1.00 |
N/A |
|
PRESS
METAL BERHAD |
MALAYSIA |
153208W |
898,864,320.00 |
26/12/2017 |
|
YAP
PEI POH |
MALAYSIA |
800807-10-5600 |
1.00 |
N/A |
DIRECTORS
DIRECTOR
1
|
Name
Of Subject |
: |
MR.
KOON POH WENG |
|
Address |
: |
20,
JALAN 29, TAMAN OVERSEAS UNION, 58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
Other
Address(es) |
: |
-
C-9-03, OASIS SQUARE, ARA DAMANSARA, NO. 2, JALAN PJU 1A/7A, 47301 PETALING
JAYA, SELANGOR, MALAYSIA. -
57000, 50000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC
/ PP No |
: |
4825342 |
|
New
IC No |
: |
550522-10-5827 |
|
Date
of Birth |
: |
22/05/1955 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
01/04/2014 |
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 |
110854M |
ANGKASA
JASA SDN.BHD. |
Director |
05/03/1987 |
0.00 |
- |
MYR743,916.00 |
2016 |
- |
23/04/2018 |
|
2 |
491803H |
EVERLAST
ACCESS TECHNOLOGIES SDN. BHD. |
Director |
15/06/2008 |
0.00 |
- |
MYR3,059,964.00 |
2016 |
- |
23/04/2018 |
|
3 |
207793P |
EVERLAST
ENVIRONMENTAL MANAGEMENT SDN. BHD. |
Director |
19/10/2011 |
0.00 |
- |
MYR(12,916.00) |
2016 |
- |
23/04/2018 |
|
4 |
1261398X |
MAYSILK
RESOURCES HOLDING SDN. BHD. |
Director |
26/12/2017 |
1.00 |
50.00 |
- |
2016 |
- |
23/04/2018 |
|
5 |
949983P |
PARAMOUNT
LIBERAL SDN. BHD. |
Director |
10/12/2015 |
154,000.00 |
22.00 |
- |
2016 |
- |
23/04/2018 |
|
6 |
772936H |
PMB
ALUMINIUM SABAH SDN. BHD. |
Director |
20/08/2007 |
0.00 |
- |
MYR51,311.00 |
2016 |
- |
23/04/2018 |
|
7 |
817599X |
PMB
CARBON SDN. BHD. |
Director |
14/05/2008 |
0.00 |
- |
MYR(1,900,405.00) |
2016 |
- |
23/04/2018 |
|
8 |
198730T |
PMB
DEVELOPMENT SDN. BHD, |
Director |
13/10/2011 |
0.00 |
- |
MYR(11,636,121.00) |
2016 |
- |
23/04/2018 |
|
9 |
439685T |
PMB
EASTERN SDN. BHD. |
Director |
07/07/2008 |
0.00 |
- |
MYR369,894.00 |
2016 |
- |
23/04/2018 |
|
10 |
291486H |
PMB
FACADE TECHNOLOGY SDN. BHD. |
Director |
11/03/1994 |
0.00 |
- |
MYR4,883,000.00 |
2016 |
- |
23/04/2018 |
|
11 |
516692V |
PMB
QUICK ACCESS SDN. BHD. |
Director |
07/07/2008 |
0.00 |
- |
MYR590,461.00 |
2016 |
- |
23/04/2018 |
|
12 |
1181986X |
PMB
SILICON SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(43,708.00) |
2016 |
- |
23/04/2018 |
|
13 |
584257X |
PMB
TECHNOLOGY BERHAD |
Director |
15/09/2003 |
0.00 |
- |
MYR7,721,000.00 |
2015 |
- |
23/04/2018 |
|
14 |
777915W |
PMB.POIC
BULKING SDN. BHD. |
Director |
18/09/2007 |
0.00 |
- |
MYR(8,917.00) |
2016 |
- |
23/04/2018 |
|
15 |
1198171H |
PRESS
METAL ALUMINIUM HOLDINGS BERHAD |
Director |
04/07/2017 |
0.00 |
- |
MYR(10,000.00) |
2016 |
- |
23/04/2018 |
|
16 |
918822X |
PRESS
METAL BINTULU SDN. BHD. |
Director |
01/04/2014 |
0.00 |
- |
MYR494,872,000.00 |
2016 |
- |
23/04/2018 |
|
17 |
767704M |
PRESS
METAL SARAWAK SDN. BHD. |
Director |
24/07/2009 |
0.00 |
- |
MYR94,782,052.00 |
2016 |
- |
23/04/2018 |
|
18 |
958826D |
SOLAR
POWER GENERATION (SABAH) SDN. BHD. |
Director |
26/08/2011 |
0.00 |
- |
MYR(4,594.00) |
2014 |
Disolved
by Registrar |
23/04/2018 |
|
19 |
953951D |
SUN
POWER GENERATION SDN. BHD. |
Director |
21/11/2011 |
0.00 |
- |
MYR(4,094.00) |
2014 |
Disolved
by Registrar |
23/04/2018 |
|
20 |
107025U |
WENG
FATT STAINLESS STEEL SDN. BHD. |
Director |
24/09/1983 |
30,517.00 |
24.41 |
MYR269,920.00 |
2015 |
- |
23/04/2018 |
|
21 |
196057W |
WESAMA
SDN. BHD. |
Director |
28/01/1999 |
0.00 |
- |
MYR(13,333.00) |
2016 |
- |
23/04/2018 |
FORMER INTEREST
|
No |
Local
No |
Company |
Designation |
App
Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
153208W |
PRESS
METAL BERHAD |
Director |
15/03/1986 |
19/09/2017 |
- |
- |
|
2 |
14343K |
UNITED
CASTING SDN. BHD. |
Director |
09/04/1994 |
29/11/1997 |
- |
- |
|
3 |
725045A |
UNIVERSAL
LUBRICANTS FACTORY ZINOL (M) SDN. BHD. |
Director |
15/01/2007 |
11/01/2012 |
- |
- |
DIRECTOR
2
|
Name
Of Subject |
: |
MR.
KOON POH TAT |
|
Address |
: |
65,
JALAN DEDAP 46, TAMAN JOHOR JAYA, 81100 JOHOR BAHRU, JOHOR, MALAYSIA. |
|
Other
Address(es) |
: |
NO.17,JALAN
SS 3/41, TAMAN SUBANG, PETALING JAYA. MALAYSIA, 47300 PETALING JAYA,
SELANGOR, MALAYSIA. |
|
IC
/ PP No |
: |
5586613 |
|
New
IC No |
: |
591227-10-6617 |
|
Date
of Birth |
: |
27/12/1959 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
01/04/2014 |
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 |
483049P |
ACE
EXTRUSION SDN. BHD. |
Director |
15/12/2003 |
0.00 |
- |
MYR(51,374.00) |
2016 |
- |
23/04/2018 |
|
2 |
184131M |
DO-WELL
MOULDS DIES & TOOLS SDN. BHD. |
Director |
19/02/2002 |
0.00 |
- |
MYR(2,739.00) |
2016 |
- |
23/04/2018 |
|
3 |
491803H |
EVERLAST
ACCESS TECHNOLOGIES SDN. BHD. |
Director |
19/08/1999 |
0.00 |
- |
MYR3,059,964.00 |
2016 |
- |
23/04/2018 |
|
4 |
170443T |
EVERLAST
ALUMINIUM (M) SDN. BHD. |
Director |
15/04/1997 |
0.00 |
- |
MYR4,143,000.00 |
2015 |
- |
23/04/2018 |
|
5 |
207793P |
EVERLAST
ENVIRONMENTAL MANAGEMENT SDN. BHD. |
Director |
10/09/2003 |
0.00 |
- |
MYR(12,916.00) |
2016 |
- |
23/04/2018 |
|
6 |
411755H |
JASA
PERANGSANG SDN. BHD. |
Director |
27/05/2001 |
0.00 |
- |
MYR(3,054.00) |
2017 |
In
the process of striking off |
23/04/2018 |
|
7 |
861392X |
LVIO
PRECISION SDN. BHD. |
Shareholder |
- |
1,600,000.00 |
14.77 |
MYR142,568.00 |
2016 |
- |
23/04/2018 |
|
8 |
949983P |
PARAMOUNT
LIBERAL SDN. BHD. |
Director |
10/12/2015 |
154,000.00 |
22.00 |
- |
2016 |
- |
23/04/2018 |
|
9 |
772936H |
PMB
ALUMINIUM SABAH SDN. BHD. |
Director |
24/11/2009 |
0.00 |
- |
MYR51,311.00 |
2016 |
- |
23/04/2018 |
|
10 |
446486M |
PMB
CENTRAL SDN. BHD. |
Director |
11/09/1997 |
0.00 |
- |
MYR1,545,983.00 |
2016 |
- |
23/04/2018 |
|
11 |
198730T |
PMB
DEVELOPMENT SDN. BHD, |
Director |
13/10/2011 |
0.00 |
- |
MYR(11,636,121.00) |
2016 |
- |
23/04/2018 |
|
12 |
439685T |
PMB
EASTERN SDN. BHD. |
Director |
18/01/2002 |
0.00 |
- |
MYR369,894.00 |
2016 |
- |
23/04/2018 |
|
13 |
460005X |
PMB
NORTHERN SDN. BHD. |
Director |
27/03/1998 |
0.00 |
- |
MYR642,772.00 |
2016 |
- |
23/04/2018 |
|
14 |
516692V |
PMB
QUICK ACCESS SDN. BHD. |
Director |
18/01/2002 |
0.00 |
- |
MYR590,461.00 |
2016 |
- |
23/04/2018 |
|
15 |
1181986X |
PMB
SILICON SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(43,708.00) |
2016 |
- |
23/04/2018 |
|
16 |
584257X |
PMB
TECHNOLOGY BERHAD |
Director |
15/09/2003 |
0.00 |
- |
MYR7,721,000.00 |
2015 |
- |
23/04/2018 |
|
17 |
204138X |
PMS
MARKETING SDN. BHD. |
Director |
03/10/1995 |
0.00 |
- |
MYR(14,348.00) |
2016 |
- |
23/04/2018 |
|
18 |
1198171H |
PRESS
METAL ALUMINIUM HOLDINGS BERHAD |
Director |
04/07/2017 |
0.00 |
- |
MYR(10,000.00) |
2016 |
- |
23/04/2018 |
|
19 |
153208W |
PRESS
METAL BERHAD |
Director |
07/06/1999 |
0.00 |
- |
MYR605,770,000.00 |
2016 |
- |
23/04/2018 |
|
20 |
918822X |
PRESS
METAL BINTULU SDN. BHD. |
Director |
01/04/2014 |
0.00 |
- |
MYR494,872,000.00 |
2016 |
- |
23/04/2018 |
|
21 |
767704M |
PRESS
METAL SARAWAK SDN. BHD. |
Director |
24/07/2009 |
0.00 |
- |
MYR94,782,052.00 |
2016 |
- |
23/04/2018 |
|
22 |
417559K |
UNITED
CASTING & MANUFACTURING SDN. BHD. |
Director |
27/05/2001 |
0.00 |
- |
MYR(3,201.00) |
2016 |
In
the process of striking off |
23/04/2018 |
|
23 |
107025U |
WENG
FATT STAINLESS STEEL SDN. BHD. |
Director |
16/08/1986 |
2,934.00 |
2.35 |
MYR269,920.00 |
2015 |
- |
23/04/2018 |
FORMER INTEREST
|
No |
Local
No |
Company |
Designation |
App
Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
486011K |
K3
METAL SERVICE CENTRE SDN. BHD. |
Director |
20/03/2006 |
07/12/2012 |
- |
- |
|
2 |
717318P |
K3
METAL TRADING (JB) SDN. BHD. |
Director |
19/07/2007 |
07/12/2012 |
- |
- |
|
3 |
725045A |
UNIVERSAL
LUBRICANTS FACTORY ZINOL (M) SDN. BHD. |
Director |
15/01/2007 |
11/01/2012 |
- |
- |
DIRECTOR
3
|
Name
Of Subject |
: |
MR.
KOON POH MING |
|
Address |
: |
34
JALAN TR8/3, TROPICANA GOLF & COUNTRY RESORT, 47410 PETALING JAYA,
SELANGOR, MALAYSIA. |
|
Other
Address(es) |
: |
-
NO 19 JALAN SS 3/41, TAMAN SUBANG, 47300 PETALING JAYA, SELANGOR, MALAYSIA. -
NO. 7 JALAN SELANGOR, 46000 PETALING JAYA, SELANGOR, MALAYSIA. -
47300, 46000 PETALING JAYA, SELANGOR, MALAYSIA. |
|
IC
/ PP No |
: |
5028557 |
|
New
IC No |
: |
561117-10-5931 |
|
Date
of Birth |
: |
17/11/1956 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
14/12/2010 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none
in our databank |
|
Former
interest |
: |
see
below |
INTEREST
IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As
At |
|
|
No. |
% |
|||||||||
|
1 |
483049P |
ACE
EXTRUSION SDN. BHD. |
Director |
15/12/2003 |
0.00 |
- |
MYR(51,374.00) |
2016 |
- |
23/04/2018 |
|
2 |
110854M |
ANGKASA
JASA SDN.BHD. |
Director |
05/03/1987 |
0.00 |
- |
MYR743,916.00 |
2016 |
- |
23/04/2018 |
|
3 |
204292D |
BI-PMB
WASTE MANAGEMENT SDN. BHD. |
Director |
25/05/1995 |
0.00 |
- |
MYR169,383.00 |
2016 |
- |
23/04/2018 |
|
4 |
184131M |
DO-WELL
MOULDS DIES & TOOLS SDN. BHD. |
Shareholder |
- |
20,000.00 |
25.00 |
MYR(2,739.00) |
2016 |
- |
23/04/2018 |
|
5 |
1072787V |
EMMANUEL
FAMILY KEEPERS CENTRE SDN. BHD. |
Director |
16/02/2014 |
0.00 |
- |
MYR(36,069.00) |
2014 |
Disolved
by Registrar |
23/04/2018 |
|
6 |
491803H |
EVERLAST
ACCESS TECHNOLOGIES SDN. BHD. |
Director |
01/09/1999 |
0.00 |
- |
MYR3,059,964.00 |
2016 |
- |
23/04/2018 |
|
7 |
170443T |
EVERLAST
ALUMINIUM (M) SDN. BHD. |
Director |
07/07/2008 |
0.00 |
- |
MYR4,143,000.00 |
2015 |
- |
23/04/2018 |
|
8 |
207793P |
EVERLAST
ENVIRONMENTAL MANAGEMENT SDN. BHD. |
Director |
15/11/1990 |
0.00 |
- |
MYR(12,916.00) |
2016 |
- |
23/04/2018 |
|
9 |
411755H |
JASA
PERANGSANG SDN. BHD. |
Shareholder |
- |
1.00 |
50.00 |
MYR(3,054.00) |
2017 |
In
the process of striking off |
23/04/2018 |
|
10 |
772936H |
PMB
ALUMINIUM SABAH SDN. BHD. |
Director |
20/08/2007 |
0.00 |
- |
MYR51,311.00 |
2016 |
- |
23/04/2018 |
|
11 |
817599X |
PMB
CARBON SDN. BHD. |
Director |
14/05/2008 |
0.00 |
- |
MYR(1,900,405.00) |
2016 |
- |
23/04/2018 |
|
12 |
446486M |
PMB
CENTRAL SDN. BHD. |
Director |
07/07/2008 |
0.00 |
- |
MYR1,545,983.00 |
2016 |
- |
23/04/2018 |
|
13 |
198730T |
PMB
DEVELOPMENT SDN. BHD, |
Director |
21/02/1995 |
0.00 |
- |
MYR(11,636,121.00) |
2016 |
- |
23/04/2018 |
|
14 |
439685T |
PMB
EASTERN SDN. BHD. |
Director |
18/10/1999 |
0.00 |
- |
MYR369,894.00 |
2016 |
- |
23/04/2018 |
|
15 |
291486H |
PMB
FACADE TECHNOLOGY SDN. BHD. |
Director |
11/03/1994 |
0.00 |
- |
MYR4,883,000.00 |
2016 |
- |
23/04/2018 |
|
16 |
185222W |
PMB
MARKETING SDN. BHD. |
Director |
27/03/1995 |
0.00 |
- |
MYR(56,594.00) |
2016 |
- |
23/04/2018 |
|
17 |
460005X |
PMB
NORTHERN SDN. BHD. |
Director |
07/07/2008 |
0.00 |
- |
MYR642,772.00 |
2016 |
- |
23/04/2018 |
|
18 |
516692V |
PMB
QUICK ACCESS SDN. BHD. |
Director |
13/06/2000 |
0.00 |
- |
MYR590,461.00 |
2016 |
- |
23/04/2018 |
|
19 |
383245H |
PMB
RECYCLING MANAGEMENT SDN. BHD. |
Director |
01/11/1996 |
0.00 |
- |
MYR(9,047.00) |
2016 |
- |
23/04/2018 |
|
20 |
1181986X |
PMB
SILICON SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(43,708.00) |
2016 |
- |
23/04/2018 |
|
21 |
400200U |
PMB
SPECTRUM SDN. BHD. |
Director |
29/08/1996 |
0.00 |
- |
MYR(38,212.00) |
2016 |
- |
23/04/2018 |
|
22 |
584257X |
PMB
TECHNOLOGY BERHAD |
Director |
15/09/2003 |
0.00 |
- |
MYR7,721,000.00 |
2015 |
- |
23/04/2018 |
|
23 |
777915W |
PMB.POIC
BULKING SDN. BHD. |
Director |
18/09/2007 |
0.00 |
- |
MYR(8,917.00) |
2016 |
- |
23/04/2018 |
|
24 |
204138X |
PMS
MARKETING SDN. BHD. |
Director |
03/10/1995 |
0.00 |
- |
MYR(14,348.00) |
2016 |
- |
23/04/2018 |
|
25 |
1198171H |
PRESS
METAL ALUMINIUM HOLDINGS BERHAD |
Director |
04/07/2017 |
69,376,104.00 |
1.81 |
MYR(10,000.00) |
2016 |
- |
23/04/2018 |
|
26 |
153208W |
PRESS
METAL BERHAD |
Director |
13/05/1986 |
0.00 |
- |
MYR605,770,000.00 |
2016 |
- |
23/04/2018 |
|
27 |
918822X |
PRESS
METAL BINTULU SDN. BHD. |
Director |
14/12/2010 |
0.00 |
- |
MYR494,872,000.00 |
2016 |
- |
23/04/2018 |
|
28 |
767704M |
PRESS
METAL SARAWAK SDN. BHD. |
Director |
11/07/2007 |
0.00 |
- |
MYR94,782,052.00 |
2016 |
- |
23/04/2018 |
|
29 |
366142X |
RENOWN
VALLEY SDN. BHD. |
Director |
03/01/1996 |
66,667.00 |
66.67 |
MYR(564.00) |
2016 |
- |
23/04/2018 |
|
30 |
771687H |
SARABERRY
PLANTATION SDN. BHD. |
Shareholder |
- |
3,333.00 |
33.33 |
MYR(54,576.00) |
2015 |
- |
23/04/2018 |
|
31 |
1161411P |
SLK
RESOURCES SDN. BHD. |
Director |
07/10/2015 |
250.00 |
25.00 |
- |
2016 |
- |
23/04/2018 |
|
32 |
958826D |
SOLAR
POWER GENERATION (SABAH) SDN. BHD. |
Director |
26/08/2011 |
0.00 |
- |
MYR(4,594.00) |
2014 |
Disolved
by Registrar |
23/04/2018 |
|
33 |
953951D |
SUN
POWER GENERATION SDN. BHD. |
Director |
21/11/2011 |
0.00 |
- |
MYR(4,094.00) |
2014 |
Disolved
by Registrar |
23/04/2018 |
|
34 |
742414P |
TONGOD
FARMS SDN. BHD. |
Director |
08/05/2017 |
802,480.00 |
80.00 |
MYR(4,611.00) |
2017 |
- |
23/04/2018 |
|
35 |
433489A |
TURBO
SCOPE SDN. BHD. |
Shareholder |
- |
165,000.00 |
33.00 |
MYR(1,609.00) |
2017 |
- |
23/04/2018 |
|
36 |
417559K |
UNITED
CASTING & MANUFACTURING SDN. BHD. |
Shareholder |
- |
1.00 |
33.33 |
MYR(3,201.00) |
2016 |
In
the process of striking off |
23/04/2018 |
|
37 |
107025U |
WENG
FATT STAINLESS STEEL SDN. BHD. |
Director |
05/08/2003 |
30,517.00 |
24.41 |
MYR269,920.00 |
2015 |
- |
23/04/2018 |
|
38 |
196057W |
WESAMA
SDN. BHD. |
Director |
03/03/1997 |
0.00 |
- |
MYR(13,333.00) |
2016 |
- |
23/04/2018 |
FORMER INTEREST
|
No |
Local
No |
Company |
Designation |
App
Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
916040K |
ALPHA
MILESTONE SDN. BHD. |
Director |
11/11/2010 |
13/04/2017 |
- |
- |
|
2 |
184131M |
DO-WELL
MOULDS DIES & TOOLS SDN. BHD. |
Director |
10/07/1989 |
21/02/2002 |
- |
- |
|
3 |
116845A |
HI-TECH
ALUMINIUM ACCESSORIES SDN. BHD. |
Director |
- |
02/10/1994 |
- |
- |
|
4 |
411755H |
JASA
PERANGSANG SDN. BHD. |
Director |
04/02/1997 |
28/05/2001 |
- |
In
the process of striking off |
|
5 |
486011K |
K3
METAL SERVICE CENTRE SDN. BHD. |
Director |
20/03/2006 |
01/07/2009 |
- |
- |
|
6 |
717318P |
K3
METAL TRADING (JB) SDN. BHD. |
Director |
19/07/2007 |
01/07/2009 |
- |
- |
|
7 |
261504T |
KINZANAH
SDN. BHD. |
Director |
16/06/1994 |
02/07/1997 |
- |
In
the process of striking off |
|
8 |
548078H |
PROTASCO
BERHAD |
Shareholder |
- |
- |
6000000 |
- |
|
9 |
433489A |
TURBO
SCOPE SDN. BHD. |
Director |
12/08/1997 |
28/05/2001 |
- |
- |
|
10 |
417559K |
UNITED
CASTING & MANUFACTURING SDN. BHD. |
Director |
20/01/1997 |
28/05/2001 |
- |
In
the process of striking off |
|
11 |
725045A |
UNIVERSAL
LUBRICANTS FACTORY ZINOL (M) SDN. BHD. |
Director |
15/01/2007 |
11/01/2012 |
- |
- |
DIRECTOR
4
|
Name
Of Subject |
: |
TAN
SRI DATO' KOON POH KEONG |
|
Address |
: |
17,
JALAN SS 3/41, TAMAN SUBANG, 47300 PETALING JAYA, SELANGOR, MALAYSIA. |
|
Other
Address(es) |
: |
-
24,JALAN 7/1M,, 40000 SHAH ALAM, SELANGOR, MALAYSIA. -
LOT 6464, BATU 5 3/4, JALAN KAPAR SEMENTA, 42100 KLANG, SELANGOR, MALAYSIA. |
|
IC
/ PP No |
: |
6189518 |
|
New
IC No |
: |
610425-10-6539 |
|
Date
of Birth |
: |
25/04/1961 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
14/12/2010 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none
in our databank |
|
Former
interest |
: |
see
below |
INTEREST
IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As
At |
|
|
No. |
% |
|||||||||
|
1 |
483049P |
ACE
EXTRUSION SDN. BHD. |
Director |
15/12/2003 |
0.00 |
- |
MYR(51,374.00) |
2016 |
- |
23/04/2018 |
|
2 |
916040K |
ALPHA
MILESTONE SDN. BHD. |
Director |
11/11/2010 |
70.00 |
70.00 |
MYR22,050,000.00 |
2016 |
- |
23/04/2018 |
|
3 |
204292D |
BI-PMB
WASTE MANAGEMENT SDN. BHD. |
Director |
25/05/1995 |
0.00 |
- |
MYR169,383.00 |
2016 |
- |
23/04/2018 |
|
4 |
184131M |
DO-WELL
MOULDS DIES & TOOLS SDN. BHD. |
Shareholder |
- |
20,000.00 |
25.00 |
MYR(2,739.00) |
2016 |
- |
23/04/2018 |
|
5 |
491803H |
EVERLAST
ACCESS TECHNOLOGIES SDN. BHD. |
Director |
15/06/2008 |
0.00 |
- |
MYR3,059,964.00 |
2016 |
- |
23/04/2018 |
|
6 |
170443T |
EVERLAST
ALUMINIUM (M) SDN. BHD. |
Director |
07/05/1988 |
0.00 |
- |
MYR4,143,000.00 |
2015 |
- |
23/04/2018 |
|
7 |
207793P |
EVERLAST
ENVIRONMENTAL MANAGEMENT SDN. BHD. |
Director |
20/08/2007 |
0.00 |
- |
MYR(12,916.00) |
2016 |
- |
23/04/2018 |
|
8 |
817599X |
PMB
CARBON SDN. BHD. |
Director |
14/05/2008 |
0.00 |
- |
MYR(1,900,405.00) |
2016 |
- |
23/04/2018 |
|
9 |
446486M |
PMB
CENTRAL SDN. BHD. |
Director |
18/01/2002 |
0.00 |
- |
MYR1,545,983.00 |
2016 |
- |
23/04/2018 |
|
10 |
198730T |
PMB
DEVELOPMENT SDN. BHD, |
Director |
01/03/1995 |
0.00 |
- |
MYR(11,636,121.00) |
2016 |
- |
23/04/2018 |
|
11 |
291486H |
PMB
FACADE TECHNOLOGY SDN. BHD. |
Director |
21/01/2002 |
0.00 |
- |
MYR4,883,000.00 |
2016 |
- |
23/04/2018 |
|
12 |
185222W |
PMB
MARKETING SDN. BHD. |
Director |
27/03/1995 |
0.00 |
- |
MYR(56,594.00) |
2016 |
- |
23/04/2018 |
|
13 |
460005X |
PMB
NORTHERN SDN. BHD. |
Director |
18/01/2002 |
0.00 |
- |
MYR642,772.00 |
2016 |
- |
23/04/2018 |
|
14 |
383245H |
PMB
RECYCLING MANAGEMENT SDN. BHD. |
Director |
20/11/1998 |
0.00 |
- |
MYR(9,047.00) |
2016 |
- |
23/04/2018 |
|
15 |
400200U |
PMB
SPECTRUM SDN. BHD. |
Director |
11/10/1996 |
0.00 |
- |
MYR(38,212.00) |
2016 |
- |
23/04/2018 |
|
16 |
584257X |
PMB
TECHNOLOGY BERHAD |
Director |
15/09/2003 |
0.00 |
- |
MYR7,721,000.00 |
2015 |
- |
23/04/2018 |
|
17 |
777915W |
PMB.POIC
BULKING SDN. BHD. |
Director |
18/09/2007 |
0.00 |
- |
MYR(8,917.00) |
2016 |
- |
23/04/2018 |
|
18 |
1198171H |
PRESS
METAL ALUMINIUM HOLDINGS BERHAD |
Director |
04/07/2017 |
54,880,000.00 |
1.43 |
MYR(10,000.00) |
2016 |
- |
23/04/2018 |
|
19 |
153208W |
PRESS
METAL BERHAD |
Director |
28/06/1986 |
0.00 |
- |
MYR605,770,000.00 |
2016 |
- |
23/04/2018 |
|
20 |
918822X |
PRESS
METAL BINTULU SDN. BHD. |
Director |
14/12/2010 |
0.00 |
- |
MYR494,872,000.00 |
2016 |
- |
23/04/2018 |
|
21 |
767704M |
PRESS
METAL SARAWAK SDN. BHD. |
Director |
11/07/2007 |
0.00 |
- |
MYR94,782,052.00 |
2016 |
- |
23/04/2018 |
|
22 |
417559K |
UNITED
CASTING & MANUFACTURING SDN. BHD. |
Director |
20/01/1997 |
1.00 |
33.33 |
MYR(3,201.00) |
2016 |
In
the process of striking off |
23/04/2018 |
|
23 |
196057W |
WESAMA
SDN. BHD. |
Director |
03/03/1997 |
0.00 |
- |
MYR(13,333.00) |
2016 |
- |
23/04/2018 |
FORMER INTEREST
|
No |
Local
No |
Company |
Designation |
App
Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
184131M |
DO-WELL
MOULDS DIES & TOOLS SDN. BHD. |
Director |
10/07/1989 |
11/09/2003 |
- |
- |
|
2 |
486011K |
K3
METAL SERVICE CENTRE SDN. BHD. |
Director |
20/03/2006 |
22/07/2009 |
- |
- |
|
3 |
717318P |
K3
METAL TRADING (JB) SDN. BHD. |
Director |
01/07/2009 |
22/07/2009 |
- |
- |
|
4 |
438333U |
MH
LEISURE SDN. BHD. |
Shareholder |
- |
- |
60000.00 |
- |
|
5 |
772936H |
PMB
ALUMINIUM SABAH SDN. BHD. |
Director |
20/08/2007 |
24/11/2009 |
- |
- |
|
6 |
204138X |
PMS
MARKETING SDN. BHD. |
Director |
03/10/1995 |
11/09/2003 |
- |
- |
|
7 |
691405T |
TROPIKA
KIARA SDN. BHD. |
Director |
29/06/2005 |
30/05/2011 |
- |
- |
|
8 |
691405T |
TROPIKA
KIARA SDN. BHD. |
Shareholder |
- |
- |
1.00 |
- |
DIRECTOR
5
|
Name
Of Subject |
: |
KOJI
WAKI |
|
Address |
: |
D6-3A,
SENI MONT KIARA, JALAN CHANGKAT VIEW 1, 50480 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
IC
/ PP No |
: |
TR6038384 |
|
Nationality |
: |
JAPANESE |
|
Date
of Appointment |
: |
01/09/2016 |
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 |
1268448W |
BUNGA
RAYA ALUMINIUM SDN. BHD. |
Director |
13/02/2018 |
0.00 |
- |
- |
- |
- |
23/04/2018 |
|
2 |
918822X |
PRESS
METAL BINTULU SDN. BHD. |
Director |
01/09/2016 |
0.00 |
- |
MYR494,872,000.00 |
2016 |
- |
23/04/2018 |
|
3 |
767704M |
PRESS
METAL SARAWAK SDN. BHD. |
Director |
01/09/2016 |
0.00 |
- |
MYR94,782,052.00 |
2016 |
- |
23/04/2018 |
DIRECTOR
6
|
Name
Of Subject |
: |
AKIHIKO
SHONO |
|
Address |
: |
1-18-24,KITAMACHI,KICHIJOJI,
MUSASHINO,TOKYO, 180-0001,JAPAN |
|
IC
/ PP No |
: |
TR6945727 |
|
Nationality |
: |
JAPANESE |
|
Date
of Appointment |
: |
31/03/2017 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none
in our databank |
|
Former
interest |
: |
none
in our databank |
INTEREST
IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As
At |
|
|
No. |
% |
|||||||||
|
1 |
918822X |
PRESS
METAL BINTULU SDN. BHD. |
Director |
31/03/2017 |
0.00 |
- |
MYR494,872,000.00 |
2016 |
- |
23/04/2018 |
|
2 |
767704M |
PRESS
METAL SARAWAK SDN. BHD. |
Director |
31/03/2017 |
0.00 |
- |
MYR94,782,052.00 |
2016 |
- |
23/04/2018 |
FORMER DIRECTOR(S)
|
Name |
Address |
IC/PP
No |
Appointed
Date |
Withdrawn
Date |
|
YAP
PEI POH |
NO.
169-U, JALAN KAPAR, KLANG, SELANGOR, MALAYSIA |
800807-10-5600 |
19/10/2010 |
14/12/2010 |
|
ONG
SIEW FUN |
LOT
119, BATU 13, JALAN KAPAR, KAPAR, SELANGOR, MALAYSIA |
831011-14-6476 |
19/10/2010 |
14/12/2010 |
|
OSAMU
ISHIMURA |
1-31-5,
AMANUMA, SUGINAMI-KU, TOKYO-TO, JAPAN |
TH5133147 |
01/04/2014 |
31/07/2015 |
|
MASATOSHI
ADACHI |
A-2108,TIFFANI
KIARA BY I-ZEN, NO.1,CHANGKAT DUTA KIARA, MON\'T KIARA, KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA |
TZ0764273 |
01/04/2014 |
01/09/2016 |
|
KEIGO
SHIOMI |
5-21
TAKAISHI, ASO-KU, KAWASAKI-SHI, KANAGAWA, 215-0003, JAPAN |
TK0065038 |
01/10/2015 |
31/03/2017 |
Note: The above
information was generated from our database.
MANAGEMENT
|
1)
|
Name
of Subject |
: |
KOON
POH MING |
|
Position |
: |
DIRECTOR |
AUDITOR
|
Auditor |
: |
KPMG
PLT (LLP0010081-LCA) |
|
Auditor'
Address |
: |
8
FIRST AVENUE, BANDAR UTAMA, PETALING JAYA, 47800 PETALING JAYA, SELANGOR,
MALAYSIA. |
COMPANY SECRETARIES
|
1)
|
Company
Secretary |
: |
MS.
TE HOCK WEE |
|
IC
/ PP No |
: |
A3318291 |
|
|
New
IC No |
: |
760408-01-6498 |
|
|
Address |
: |
B-3A-2,
PELANGI CONDOMINIUM, NO. 1, JALAN PELANGI 9, TAMAN PELANGI, 51000 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
2)
|
Company
Secretary |
: |
MS.
TAN AI NING |
|
IC
/ PP No |
: |
A1846076 |
|
|
New
IC No |
: |
710325-10-5406 |
|
|
Address |
: |
NO.
32, JALAN BURHANUDDIN HELMI 3, TAMAN TUN DR. ISMAIL, 60000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, 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 |
18/05/2011 |
MEMORANDUM
OF DEPOSIT |
MALAYAN
BANKING BERHAD |
MYR
140,000,000.00 |
Unsatisfied |
|
2 |
20/07/2011 |
N/A |
MAYBAN
TRUSTEES BERHAD |
- |
Satisfied |
|
3 |
20/07/2011 |
N/A |
MAYBAN
TRUSTEES BERHAD |
- |
Satisfied |
|
4 |
20/07/2011 |
N/A |
MAYBAN
TRUSTEES BERHAD |
- |
Satisfied |
|
5 |
20/07/2011 |
N/A |
MAYBAN
TRUSTEES BERHAD |
- |
Satisfied |
|
6 |
20/07/2011 |
N/A |
MAYBAN
TRUSTEES BERHAD |
- |
Satisfied |
|
7 |
20/07/2011 |
N/A |
MAYBANK
INVESTMENT BANK BERHAD |
- |
Satisfied |
|
8 |
20/07/2011 |
N/A |
MAYBAN
TRUSTEES BERHAD |
- |
Satisfied |
|
9 |
20/07/2011 |
N/A |
MAYBAN
TRUSTEES BERHAD |
- |
Satisfied |
|
10 |
03/05/2012 |
FACILITY
AGREEMENT |
MAYBANK
TRUSTEES BERHAD |
- |
Satisfied |
|
11 |
03/05/2012 |
DEBENTURE |
MAYBANK
TRUSTEES BERHAD |
- |
Satisfied |
|
12 |
03/05/2012 |
ASSIGNMENT
OF RESERVE ACC |
MAYBANK
TRUSTEES BERHAD |
- |
Satisfied |
|
13 |
14/06/2012 |
LAND
CHARGE |
MAYBANK
TRUSTEES BERHAD |
- |
Satisfied |
|
14 |
28/06/2012 |
FACILITIES
AGREEMENT |
MALAYAN
BANKING BERHAD |
220,000,000.00 |
Unsatisfied |
|
15 |
28/06/2012 |
DEBENTURE |
MAYBANK
TRUSTEES BERHAD |
220,000,000.00 |
Unsatisfied |
|
16 |
28/06/2012 |
LAND
CHARGE |
MAYBANK
TRUSTEES BERHAD |
220,000,000.00 |
Unsatisfied |
|
17 |
01/10/2012 |
N/A |
RHB
BANK BERHAD |
- |
Satisfied |
|
18 |
01/10/2012 |
N/A |
RHB
BANK BERHAD |
- |
Satisfied |
|
19 |
31/10/2012 |
N/A |
RHB
BANK BERHAD |
- |
Satisfied |
|
20 |
07/11/2013 |
SUPPLEMENTAL
FACILITY AGREEMENT & DEBENTURE |
MAYBANK
TRUSTEES BERHAD |
MYR
220,000,000.00 |
Unsatisfied |
|
21 |
07/11/2013 |
SUPPLEMENTAL
FACILITY AGREEMENT & LEGAL CHARGE |
MAYBANK
TRUSTEES BERHAD |
MYR
220,000,000.00 |
Unsatisfied |
|
22 |
30/04/2014 |
FACILITY
AGREEMENT & DEBENTURE |
ALLIANCE
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
23 |
29/05/2014 |
FACILITY
AGREEMENT |
AMBANK
ISLAMIC BERHAD |
USD
47,500,000.00 |
Satisfied |
|
26 |
10/07/2014 |
N/A |
ALLIANCE
BANK MALAYSIA BERHAD |
- |
Satisfied |
|
27 |
10/07/2014 |
ASSIGNMENT
OF FACILITY SERVICE RESERVE ACCOUNT |
STANDARD
CHARTERED SAADIQ BERHAD |
USD
47,500,000.00 |
Satisfied |
|
36 |
10/07/2014 |
DEBENTURE |
MAYBANK
TRUSTEES BERHAD |
MYR
323,735,042.00 |
Unsatisfied |
|
24 |
11/07/2014 |
FACILITY
AGREEMENT |
EXPORT-IMPORT
BANK OF MALAYSIA BERHAD |
USD
47,500,000.00 |
Satisfied |
|
25 |
11/07/2014 |
FACILITY
AGREEMENT |
ALLIANCE
BANK MALAYSIA BERHAD |
USD
15,000,000.00 |
Unsatisfied |
|
28 |
11/07/2014 |
ASSIGNMENT
OF FINANCE SERVICES RESERVE ACCOUNT |
EXPORT-IMPORT
BANK OF MALAYSIA BERHAD |
USD
47,500,000.00 |
Satisfied |
|
32 |
11/07/2014 |
ASSIGNMENT
OF DEBT SERVICE RESERVE ACCOUNT |
ALLIANCE
BANK MALAYSIA BERHAD |
USD
15,000,000.00 |
Unsatisfied |
|
29 |
17/07/2014 |
MASTER
COMMODITY MURABAHAH FINANCING AGREEMENT |
MAYBANK
ISLAMIC BERHAD |
USD
135,000,000.00 |
Unsatisfied |
|
30 |
17/07/2014 |
ASSIGNMENT
OF FINANCE SERVICE RESERVE ACCOUNT |
MAYBANK
ISLAMIC BERHAD |
USD
135,000,000.00 |
Unsatisfied |
|
31 |
17/07/2014 |
DEBENTURE |
STANDARD
CHARTERED SAADIQ BERHAD |
MYR
195,000,000.00 |
Unsatisfied |
|
33 |
20/08/2014 |
ASSIGNMENT
OF DESIGNATED ACCOUNTS |
MAYBANK
TRUSTEES BERHAD |
MYR
323,735,042.00 |
Unsatisfied |
|
34 |
20/08/2014 |
ASSIGNMENT
OF INCOME |
MAYBANK
TRUSTEES BERHAD |
MYR
323,735,042.00 |
Unsatisfied |
|
35 |
20/08/2014 |
ASSIGNMENT
OF CONTRACTS |
MAYBANK
TRUSTEES BERHAD |
USD
135,000,000.00 |
Unsatisfied |
|
39 |
20/08/2014 |
ASSIGNMENT
OF INSURANCES/TAKAFUL |
MAYBANK
TRUSTEES BERHAD |
MYR
323,735,042.00 |
Unsatisfied |
|
37 |
27/08/2014 |
DEBENTURE |
ALLIANCE
BANK MALAYSIA BERHAD |
MYR
50,000,000.00 |
Unsatisfied |
|
38 |
09/09/2014 |
FACILITY
AGREEMENT |
ALLIANCE
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
40 |
08/05/2015 |
LAND
CHARGE |
ALLIANCE
BANK MALAYSIA BERHAD |
MYR
50,000,000.00 |
Unsatisfied |
|
41 |
08/05/2015 |
LAND
CHARGE |
STANDARD
CHARTERED SAADIQ BERHAD |
MYR
195,000,000.00 |
Unsatisfied |
|
42 |
08/05/2015 |
LAND
CHARGE |
MAYBANK
TRUSTEES BERHAD |
MYR
323,735,042.00 |
Unsatisfied |
|
43 |
09/07/2015 |
ASSIGNMENT
OF FINANCIAL SERVICE RESERVE ACCOUNT |
MAYBANK
ISLAMIC BERHAD |
USD
100,000,000.00 |
Unsatisfied |
|
44 |
09/07/2015 |
ASSIGNMENT
OF DEBT SERVICE RESERVE ACCOUNT |
ALLIANCE
BANK MALAYSIA BERHAD |
USD
55,000,000.00 |
Unsatisfied |
|
45 |
09/07/2015 |
ASSIGNMENT
OF CONTRACTS |
MAYBANK
TRUSTEES BERHAD |
USD
200,000,000.00 |
Unsatisfied |
|
46 |
09/07/2015 |
ASSIGNMENT
OF FACILITY SERVICE ACCOUNT |
STANDARD
CHARTERED SAADIQ BERHAD |
USD
45,000,000.00 |
Unsatisfied |
|
47 |
09/07/2015 |
DEBENTURE |
MAYBANK
TRUSTEES BERHAD |
USD
200,000,000.00 |
Unsatisfied |
|
48 |
09/07/2015 |
ASSIGNMENT
OF INSURANCES/ TAKAFUL |
MAYBANK
TRUSTEES BERHAD |
USD
200,000,000.00 |
Unsatisfied |
|
49 |
09/07/2015 |
ASSIGNMENT
OF DESIGNATED ACCOUNT |
MAYBANK
TRUSTEES BERHAD |
USD
200,000,000.00 |
Unsatisfied |
|
50 |
09/07/2015 |
COMMON
TERM AGREEMENT |
MAYBANK
TRUSTEES BERHAD |
USD
200,000,000.00 |
Unsatisfied |
|
51 |
09/07/2015 |
ASSIGNMENT
OF PERFORMANCE BONDS |
MAYBANK
TRUSTEES BERHAD |
USD
200,000,000.00 |
Unsatisfied |
|
52 |
11/11/2015 |
DEBENTURE |
MAYBANK
TRUSTEES BERHAD |
USD
20,800,000.00 |
Unsatisfied |
|
53 |
11/11/2015 |
DEBENTURE |
MAYBANK
TRUSTEES BERHAD |
MYR
155,000,000.00 |
Unsatisfied |
|
54 |
11/11/2015 |
FACILITY
AGREEMENT |
MAYBANK
TRUSTEES BERHAD |
USD
20,800,000.00 |
Unsatisfied |
|
55 |
25/05/2016 |
DEBENTURE |
MAYBANK
TRUSTEES BERHAD |
MYR
350,000,000.00 |
Unsatisfied |
|
56 |
25/08/2016 |
LAND
CHARGE |
MAYBANK
TRUSTEES BERHAD |
USD
200,000,000.00 |
Unsatisfied |
|
57 |
25/08/2016 |
LAND
CHARGE |
MAYBANK
TRUSTEES BERHAD |
MYR
155,000,000.00 |
Unsatisfied |
|
58 |
25/08/2016 |
LAND
CHARGE |
MAYBANK
TRUSTEES BERHAD |
USD
20,800,000.00 |
Unsatisfied |
|
59 |
30/08/2016 |
ASSIGNMENT
OF FINANCE SERVICE RESERVE ACCOUNT |
AMBANK
ISLAMIC BERHAD |
MYR
150,063,238.43 |
Satisfied |
|
60 |
19/09/2016 |
DEBENTURE |
ALLIANCE
BANK MALAYSIA BERHAD |
MYR
50,000,000.00 |
Unsatisfied |
|
61 |
05/10/2016 |
FACILITY
AGREEMENT |
ALLIANCE
BANK MALAYSIA BERHAD |
USD
5,000,000.00 |
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 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.
RED ALERT FROM CENTRAL BANK OF MALAYSIA
*
A check has been conducted with the Central Bank of Malaysia whether the
Subject has carried out any illegal or suspicious financial activities.
The
Subject has not been carried out any illegal money services business without
licence under the Money Services Business Act 2011.
The
Subject has not been placed under the Financial Consumer Alert list by the
Central Bank of Malaysia.
INVESTOR ALERT BY SECURITIES COMMISSION MALAYSIA & BURSA MALAYSIA
*
A check has been conducted with the Securities Commission Malaysia whether the
Subject has involved in any unlicensed capital market activities under the
Securities Laws and Bursa Malaysia should the Subject is listed as Practice
Note (PN) 17 or Guidance Note (GN) 3.
The
Subject has not been carried out any unlicensed capital market activities.
PAYMENT RECORD
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL
PAYMENT HABIT |
||||||||||||||
|
Prompt
0-30 Days |
[ |
] |
Good
31-60 Days |
[ |
] |
Average
61-90 Days |
[ |
X |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
CLIENTELE
|
Local |
: |
YES |
Percentage |
: |
60% |
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
Percentage |
: |
40% |
|
Export
Market |
: |
ASIA |
|||
|
Credit
Term |
: |
30
- 60 DAYS |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
Products
manufactured |
: |
|
||||
|
Factory
/ Premises |
: |
LOT
36, BLOCK 1, SAMALAJU INDUSTRIAL PARK, KEMENA LAND DISTRICT, 97000 BINTULU,
SARAWAK, MALAYSIA. |
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2018 |
2017 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
2000 |
2000 |
|||||||
|
Branch |
: |
YES |
Other
Information:
The Subject is principally engaged in the (as a / as an) manufacturing and
trading of aluminium products.
The Subject is the leading aluminium extruder in South East Asia with a 40,000
metric tonnes per annum of aluminium extrusion capacity, complete with in-house
tool and dies shop offering customers a quick turnaround services.
Additionally, their plant is also equipped with modern surface finishing
facilities that provide an extensive range of surface finishes - anodize,
powder coating and bright dip.
The Subject offer various kinds of aluminium product such as:
- aluminium ingots
- aluminium billetss
- aluminium frame
- aluminium windows and door
- aluminium curtain wall
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 |
: |
03-33622188 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
SUITE
61 & 62 SETIA AVENUE, NO 2 JALAN SETIA PRIMA S U13/S, SETIA ALAM SEKSYEN
U13, SHAH ALAM SELANGOR 40170 SELANGOR DE MALAYSIA |
|
Current
Address |
: |
SUITE
61 & 62, SETIA AVENUE 2, JALAN SETIA PRIMA S U13/S, SETIA ALAM, SEKSYEN
U13, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
We have contacted one of the staff from the Subject and she provided some
information.
FINANCIAL ANALYSIS
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012
- 2016 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
2012
- 2016 |
] |
|
|
Return
on Shareholder Funds |
: |
Acceptable |
[ |
28.74% |
] |
|
|
Return
on Net Assets |
: |
Favourable |
[ |
36.66% |
] |
|
|
The
fluctuating turnover reflects the fierce competition among the existing and
new market players.The higher profit could be attributed to the increase in
turnover. The Subject's management had generated acceptable return for its
shareholders using its assets. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Acceptable |
[ |
56
Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
11
Days |
] |
|
|
Creditors
Ratio |
: |
Unfavourable |
[ |
60
Days |
] |
|
|
The
Subject kept adequate stocks to meet its normal business transactions without
incurring excessive storage costs. The favourable debtors' days could be due
to the good credit control measures implemented by the Subject. The
unfavourable creditors' ratio could be due to the Subject taking advantage of
the credit granted by its suppliers. However this may affect the goodwill
between the Subject and its suppliers and the Subject may inadvertently have
to pay more for its future supplies. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Unfavourable |
[ |
0.62
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
0.88
Times |
] |
|
|
A
low liquid ratio means that the Subject may be facing working capital
deficiency. If the Subject cannot obtain additional financing or injection of
fresh capital, it may face difficulties in meeting its short term
obligations. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Acceptable |
[ |
5.39
Times |
] |
|
|
Gearing
Ratio |
: |
Unfavourable |
[ |
1.31
Times |
] |
|
|
The
Subject's interest cover was slightly low. If there is no sharp fall in its
profit or sudden increase in the interest rates, we believe the Subject is
able to generate sufficient income to service its interest and repay the
loans. 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 : |
||||||
|
Although
the turnover was erratic, the Subject had maintained a steady growth in its
profit. This indicate the management's efficiency in controlling its costs
and profitability. Due to its weak liquidity position, the Subject will be faced
with problems in meeting all its short term obligations if no short term loan
is obtained or additional capital injected into the Subject. The Subject had
an acceptable interest cover. If there is no sudden sharp increase in
interest rate or fall in the Subject's profit, we do believe the Subject is
able to generate sufficient cash flow to service its interest payment. 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 : 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 |
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 |
|
|
24202
: Production of aluminium from alumina |
|
|
INDUSTRY
: |
MANUFACTURING |
|
The
manufacturing sector is forecast to increase 5.3% in year 2018 (2017: 5.5%).
Output of export-oriented industries is projected to expand on account of
sustained demand for E&E, refined petroleum and woods products. Growth in
the domestic-oriented industries is anticipated to remain resilient supported
by ongoing construction of infrastructure projects as well as strong demand
for consumer products, especially food and transport equipment. |
|
|
Value
added of the manufacturing sector expanded further by 5.8% during the first
half of 2017 (January – June 2016: 4.4%) with expansion across a wide range
of outputs in both the export- and domestic-oriented industries. During the
first eight months, production increased 6.4%, while sales rebounded
significantly by 15.6% to RM500.2 billion (January – August 2016: 4%; -0.7%;
RM432.8 billion). Output of export-oriented industries rose 6.5% (January –
August 2016: 4.3%) led by an upturn in global electronics cycle and further
enhanced by strong demand for resource-based products. Meanwhile,
domestic-oriented industries expanded 6.2% (January – August 2016: 3.4%) benefiting
from vibrant consumption and construction activities. |
|
|
Within
the export-oriented industries, E&E output expanded 9.3% while sales
surged 16.3% to RM169.5 billion (January – August 2016: 6.8%; 9%; RM145.8
billion). Growth emanated mainly from the expansion in output of printed
circuit boards, semiconductor devices and electronic integrated circuits
which strengthened further by 24.4%, 11.9% and 16.9% (January – August 2016:
11.9%; 5.9%; 15%), respectively. This is in line with the trend in global semiconductor
sales which is expected to expand 11.5% in 2017, the highest level since
2010. On the contrary, the output of computers and peripheral equipment
contracted 7.7% (January – August 2016: 3.1%) as a result of lower demand for
notebooks and personal computers following rising preferences for smartphones
and tablets. Meanwhile, consumer electronics grew at a moderate pace of 2.6%
(January – August 2016: 5.3%) partly due to lower demand for in-car
entertainment, portable media players and digital cameras. |
|
|
Output
of wood and wood products grew 7.3% (January – August 2016: 7.8%). The growth
was primarily supported by output of sawmilling and planning of wood which
expanded 14.7% (January – August 2016: 16.8%) in response to strong demand
from Australia, Japan and the US. Meanwhile, production of wooden and cane
furniture remained steady at 10.9% (January – August 2016: 10.9%), benefiting
from greater adoption of technology and diversification of export markets. |
|
|
Manufacture
of food products rose 11.2%, largely attributed to a significant increase in
refined palm oil at 26.1% (January – August 2016: 6.3%; -3.3%), following
higher production of CPO. Meanwhile, output of other food products grew 7%
supported by production of bread, cakes and other bakery (15.6%) as well as
biscuits and cookies (12%) to meet the rising demand from households (January
– August 2016: 11.1%; 19.2%; 19.1%). |
|
|
For
the year, the manufacturing sector is projected to expand further by 5.5%
(2016: 4.4%) mainly attributed to an upturn in global semiconductor sales as
well as higher demand for consumer products and construction materials. |
|
|
OVERALL
INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
Incorporated
in 2010, the Subject is a Private Limited company, focusing on manufacturing
and trading of aluminium products. Having been in business for more than 5
years, the Subject has established a remarkable clientele base for itself
which has contributed to its business growth. The Subject is a large entity
with strong capital position of MYR 1,123,580,400. We are confident with the
Subject's business and its future growth prospect. Having a strong
shareholders' backing, the Subject has the advantage to compete with its
rivals and it is expected to enjoy timely financial assistance should the
needs arise. |
PROFIT AND LOSS ACCOUNT
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS) |
|
PRESS
METAL BINTULU SDN. BHD. |
|
Financial
Year End |
2016-12-31 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
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 |
4,274,847,000 |
2,193,856,000 |
2,228,947,000 |
1,483,565,000 |
127,864,000 |
|
Other
Income |
124,409,000 |
87,734,000 |
15,462,000 |
17,168,000 |
2,860,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
4,399,256,000 |
2,281,590,000 |
2,244,409,000 |
1,500,733,000 |
130,724,000 |
|
Costs
of Goods Sold |
(3,575,845,000) |
(1,790,807,000) |
(1,760,424,000) |
(1,239,239,000) |
(113,428,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
823,411,000 |
490,783,000 |
483,985,000 |
261,494,000 |
17,296,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
514,072,000 |
32,448,000 |
203,284,000 |
140,192,000 |
(926,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
514,072,000 |
32,448,000 |
203,284,000 |
140,192,000 |
(926,000) |
|
Taxation |
(19,200,000) |
(19,000,000) |
(10,000,000) |
(38,011,000) |
(656,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
494,872,000 |
13,448,000 |
193,284,000 |
102,181,000 |
(1,582,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
305,573,000 |
292,125,000 |
98,841,000 |
(3,340,000) |
(1,758,457) |
|
Prior
year adjustment |
- |
- |
- |
- |
457 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
305,573,000 |
292,125,000 |
98,841,000 |
(3,340,000) |
(1,758,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
800,445,000 |
305,573,000 |
292,125,000 |
98,841,000 |
(3,340,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
800,445,000 |
305,573,000 |
292,125,000 |
98,841,000 |
(3,340,000) |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||||
|
Bankers'
acceptance |
14,043,000 |
7,435,000 |
11,931,000 |
9,401,000 |
944,000 |
|
Lease
interest |
822,000 |
667,000 |
385,000 |
685,000 |
813,000 |
|
Loan
from holding company |
- |
3,189,000 |
15,831,000 |
19,178,000 |
19,230,000 |
|
Revolving
loans |
2,809,000 |
8,459,000 |
5,196,000 |
3,168,000 |
272,000 |
|
Others |
99,537,000 |
38,128,000 |
61,869,000 |
40,002,000 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
117,211,000 |
57,878,000 |
95,212,000 |
72,434,000 |
21,259,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
232,746,000 |
125,316,000 |
119,378,000 |
60,825,000 |
7,358,000 |
|
AMORTIZATION |
- |
5,300,000 |
9,390,000 |
1,616,000 |
1,177,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Amortization And Depreciation |
232,746,000 |
130,616,000 |
128,768,000 |
62,441,000 |
8,535,000 |
|
============ |
============ |
============ |
============ |
============ |
BALANCE SHEET
|
PRESS
METAL BINTULU SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
3,680,678,000 |
3,566,137,000 |
1,942,860,000 |
1,975,615,000 |
1,202,256,000 |
|
LONG
TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Others |
- |
- |
- |
15,537,000 |
15,251,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM INVESTMENTS/OTHER ASSETS |
- |
- |
- |
15,537,000 |
15,251,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
3,680,678,000 |
3,566,137,000 |
1,942,860,000 |
1,991,152,000 |
1,217,507,000 |
|
CURRENT
ASSETS |
|||||
|
Stocks |
548,509,000 |
471,866,000 |
198,720,000 |
158,859,000 |
77,419,000 |
|
Contract
work-in-progress |
112,484,000 |
71,433,000 |
47,476,000 |
- |
- |
|
Trade
debtors |
134,454,000 |
79,593,000 |
36,531,000 |
21,525,000 |
18,188,000 |
|
Other
debtors, deposits & prepayments |
35,190,000 |
89,749,000 |
19,851,000 |
54,615,000 |
507,064,000 |
|
Short
term deposits |
63,784,000 |
45,383,000 |
19,109,000 |
20,590,000 |
10,520,000 |
|
Amount
due from holding company |
257,740,000 |
205,611,000 |
- |
- |
2,851,000 |
|
Amount
due from subsidiary companies |
- |
- |
- |
12,416,000 |
- |
|
Amount
due from related companies |
361,243,000 |
498,894,000 |
338,183,000 |
51,079,000 |
- |
|
Amount
due from associated companies |
12,000 |
105,000 |
453,000 |
329,000 |
- |
|
Cash
& bank balances |
143,360,000 |
61,083,000 |
120,345,000 |
22,607,000 |
51,657,000 |
|
Amount
owing by shareholders |
134,574,000 |
17,805,000 |
42,465,000 |
- |
- |
|
Others |
78,828,000 |
21,100,000 |
405,000 |
- |
132,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
1,870,178,000 |
1,562,622,000 |
823,538,000 |
342,020,000 |
667,831,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
5,550,856,000 |
5,128,759,000 |
2,766,398,000 |
2,333,172,000 |
1,885,338,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade
creditors |
591,235,000 |
317,694,000 |
271,205,000 |
325,336,000 |
26,066,000 |
|
Other
creditors & accruals |
83,440,000 |
368,375,000 |
191,688,000 |
57,931,000 |
110,021,000 |
|
Short
term borrowings/Term loans |
255,578,000 |
170,938,000 |
64,251,000 |
57,500,000 |
- |
|
Other
borrowings |
30,000,000 |
121,071,000 |
189,024,000 |
50,000,000 |
40,000,000 |
|
Bill
& acceptances payable |
657,043,000 |
331,876,000 |
321,105,000 |
239,400,000 |
133,430,000 |
|
Amounts
owing to holding company |
72,340,000 |
207,546,000 |
182,222,000 |
671,152,000 |
653,831,000 |
|
Amounts
owing to related companies |
222,598,000 |
440,370,000 |
- |
34,929,000 |
95,624,000 |
|
Amounts
owing to associated companies |
- |
- |
1,040,000 |
1,075,000 |
- |
|
Lease
payables |
4,379,000 |
5,127,000 |
4,309,000 |
4,833,000 |
5,134,000 |
|
Other
liabilities |
199,345,000 |
4,412,000 |
- |
62,000 |
62,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
2,115,958,000 |
1,967,409,000 |
1,224,844,000 |
1,442,218,000 |
1,064,168,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(245,780,000) |
(404,787,000) |
(401,306,000) |
(1,100,198,000) |
(396,337,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||||
|
Long
term loans |
1,299,006,000 |
1,308,974,000 |
737,770,000 |
683,885,000 |
739,984,000 |
|
Lease
obligations |
5,828,000 |
6,830,000 |
3,992,000 |
7,012,000 |
8,771,000 |
|
Deferred
taxation |
86,867,000 |
67,667,000 |
48,667,000 |
38,667,000 |
656,000 |
|
Others |
321,148,000 |
453,502,000 |
- |
12,549,000 |
25,099,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
1,712,849,000 |
1,836,973,000 |
790,429,000 |
742,113,000 |
774,510,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
1,722,049,000 |
1,324,377,000 |
751,125,000 |
148,841,000 |
46,660,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED
BY: |
|||||
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
1,123,580,000 |
1,123,580,000 |
459,000,000 |
50,000,000 |
50,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
1,123,580,000 |
1,123,580,000 |
459,000,000 |
50,000,000 |
50,000,000 |
|
RESERVES |
|||||
|
Share
premium |
(201,976,000) |
- |
- |
- |
- |
|
General
reserve |
- |
(104,776,000) |
- |
- |
- |
|
Retained
profit/(loss) carried forward |
800,445,000 |
305,573,000 |
292,125,000 |
98,841,000 |
(3,340,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
598,469,000 |
200,797,000 |
292,125,000 |
98,841,000 |
(3,340,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
1,722,049,000 |
1,324,377,000 |
751,125,000 |
148,841,000 |
46,660,000 |
|
=========== |
=========== |
=========== |
=========== |
=========== |
|
FINANCIAL RATIO
PRESS
METAL BINTULU SDN. BHD.
|
TYPES
OF FUNDS |
|||||
|
Cash |
207,144,000 |
106,466,000 |
139,454,000 |
43,197,000 |
62,177,000 |
|
Net
Liquid Funds |
(449,899,000) |
(225,410,000) |
(181,651,000) |
(196,203,000) |
(71,253,000) |
|
Net
Liquid Assets |
(794,289,000) |
(876,653,000) |
(600,026,000) |
(1,259,057,000) |
(473,756,000) |
|
Net
Current Assets/(Liabilities) |
(245,780,000) |
(404,787,000) |
(401,306,000) |
(1,100,198,000) |
(396,337,000) |
|
Net
Tangible Assets |
1,722,049,000 |
1,324,377,000 |
751,125,000 |
148,841,000 |
46,660,000 |
|
Net
Monetary Assets |
(2,507,138,000) |
(2,713,626,000) |
(1,390,455,000) |
(2,001,170,000) |
(1,248,266,000) |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
631,283,000 |
90,326,000 |
298,496,000 |
212,626,000 |
20,333,000 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
864,029,000 |
220,942,000 |
427,264,000 |
275,067,000 |
28,868,000 |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
2,250,264,000 |
1,948,148,000 |
1,321,338,000 |
1,040,965,000 |
922,457,000 |
|
Total
Liabilities |
3,828,807,000 |
3,804,382,000 |
2,015,273,000 |
2,184,331,000 |
1,838,678,000 |
|
Total
Assets |
5,550,856,000 |
5,128,759,000 |
2,766,398,000 |
2,333,172,000 |
1,885,338,000 |
|
Net
Assets |
1,722,049,000 |
1,324,377,000 |
751,125,000 |
148,841,000 |
46,660,000 |
|
Net
Assets Backing |
1,722,049,000 |
1,324,377,000 |
751,125,000 |
148,841,000 |
46,660,000 |
|
Shareholders'
Funds |
1,722,049,000 |
1,324,377,000 |
751,125,000 |
148,841,000 |
46,660,000 |
|
Total
Share Capital |
1,123,580,000 |
1,123,580,000 |
459,000,000 |
50,000,000 |
50,000,000 |
|
Total
Reserves |
598,469,000 |
200,797,000 |
292,125,000 |
98,841,000 |
(3,340,000) |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
94.86 |
(1.57) |
50.24 |
1,060.27 |
- |
|
Proft/(Loss)
Before Tax |
1,484.29 |
(84.04) |
45.00 |
15,239.52 |
47.12 |
|
Proft/(Loss)
After Tax |
3,579.89 |
(93.04) |
89.16 |
6,558.98 |
9.66 |
|
Total
Assets |
8.23 |
85.39 |
18.57 |
23.75 |
283.45 |
|
Total
Liabilities |
0.64 |
88.78 |
(7.74) |
18.80 |
314.64 |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
0.10 |
0.05 |
0.11 |
0.03 |
0.06 |
|
Liquid
Ratio |
0.62 |
0.55 |
0.51 |
0.13 |
0.55 |
|
Current
Ratio |
0.88 |
0.79 |
0.67 |
0.24 |
0.63 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
56 |
90 |
40 |
39 |
221 |
|
Debtors
Ratio |
11 |
13 |
6 |
5 |
52 |
|
Creditors
Ratio |
60 |
65 |
56 |
96 |
84 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
1.31 |
1.47 |
1.76 |
6.99 |
19.77 |
|
Liabilities
Ratio |
2.22 |
2.87 |
2.68 |
14.68 |
39.41 |
|
Times
Interest Earned Ratio |
5.39 |
1.56 |
3.14 |
2.94 |
0.96 |
|
Assets
Backing Ratio |
1.53 |
1.18 |
1.64 |
2.98 |
0.93 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
12.03 |
1.48 |
9.12 |
9.45 |
(0.72) |
|
Net
Profit Margin |
11.58 |
0.61 |
8.67 |
6.89 |
(1.24) |
|
Return
On Net Assets |
36.66 |
6.82 |
39.74 |
142.85 |
43.58 |
|
Return
On Capital Employed |
18.36 |
2.85 |
19.30 |
23.78 |
2.48 |
|
Return
On Shareholders' Funds/Equity |
28.74 |
1.02 |
25.73 |
68.65 |
(3.39) |
|
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 67.53 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.53 |
|
MYR |
1 |
INR 17.12 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.