|
|
|
MIRA INFORM REPORT
|
Report No. : |
508776 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SATURN PYRO SDN. BHD. |
|
|
|
|
Registered Office : |
Suite 07-13, 7th Floor,, Menara Tjb,, No. 9, Jalan Syed Mohd Mufti,
80000 Johor Bahru, Johor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation : |
22.02.2010 |
|
|
|
|
Com. Reg. No.: |
890679-X |
|
|
|
|
Legal Form : |
Private Limited (Limited by Share) |
|
|
|
|
Line of Business : |
Subject is engaged in the trading of measuring,
monitoring, electrical equipments. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, an upper middle-income country, has transformed itself since the 1970s from a producer of raw materials into a multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move further up the value-added production chain by attracting investments in high technology, knowledge-based industries and services. NAJIB's Economic Transformation Program is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. Malaysia is vulnerable to a fall in world commodity prices or a general slowdown in global economic activity.
The NAJIB administration is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Domestic demand continues to anchor economic growth, supported mainly by private consumption, which accounts for 53% of GDP. Nevertheless, exports - particularly of electronics, oil and gas, and palm oil - remain a significant driver of the economy. In 2015, gross exports of goods and services were equivalent to 73% of GDP. The oil and gas sector supplied about 22% of government revenue in 2015, down significantly from prior years amid a decline in commodity prices and diversification of government revenues. Malaysia has embarked on a fiscal reform program aimed at achieving a balanced budget by 2020, including rationalization of subsidies and the 2015 introduction of a 6% value added tax. Sustained low commodity prices throughout the period not only strained government finances, but also shrunk Malaysia’s current account surplus and weighed heavily on the Malaysian ringgit, which was among the region’s worst performing currencies during 2013-17. The ringgit hit new lows following the US presidential election amid a broader selloff of emerging market assets.
Bank Negara Malaysia (the central bank) maintains adequate foreign exchange reserves; a well-developed regulatory regime has limited Malaysia's exposure to riskier financial instruments, although it remains vulnerable to volatile global capital flows. In order to increase Malaysia’s competitiveness, Prime Minister NAJIB raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but retreated in 2013 after he encountered significant opposition from Malay nationalists and other vested interests. In September 2013 NAJIB launched the new Bumiputra Economic Empowerment Program, policies that favor and advance the economic condition of ethnic Malays.
Malaysia signed the 12-nation Trans-Pacific Partnership (TPP) free trade agreement in February 2016, although the future of the TPP remains unclear following the US withdrawal from the agreement. Along with nine other ASEAN members, Malaysia established the ASEAN Economic Community in 2015, which aims to advance regional economic integration.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
REGISTRATION
NO. |
: |
890679-X |
||||
|
GST
NO. |
: |
001648361472 |
||||
|
COMPANY
NAME |
: |
SATURN
PYRO SDN. BHD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
22/02/2010 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
SUITE
07-13, 7TH FLOOR,, MENARA TJB,, NO. 9, JALAN SYED MOHD MUFTI, 80000 JOHOR BAHRU,
JOHOR, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
NO
44 & 44A, JALAN PALMA RAFIS 1, TAMAN DATO CHELLAM,, 81800 ULU TIRAM,
JOHOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
07-8628455 |
||||
|
FAX.NO. |
: |
07-8628466 |
||||
|
WEB
SITE |
: |
WWW.SATURNPYRO.COM |
||||
|
CONTACT
PERSON |
: |
SARAVANA
JOTHI A/L ARUMUGAM ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
46496 |
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF MEASURING, MONITORING, ELECTRICAL EQUIPMENTS |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
1,187,407 [2016] |
||||
|
NET
WORTH |
: |
MYR
(517,424) [2016] |
||||
|
STAFF
STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
POOR |
||||
|
PAYMENT |
: |
SLOW |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
MODERATE |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY
OUTLOOK |
: |
STRONG
GROWTH |
||||
HISTORY
/ BACKGROUND
|
The Subject is a private limited company and is
allowed to have a minimum of one and a maximum of forty-nine shareholders. As a
private limited company, the Subject shall have a minimum one director. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, sue or be sued by other companies. The liabilities of the
shareholders are to the extent of the equity they have taken up and the
creditors cannot claim on shareholders' personal assets even if the Subject is
insolvent. The Subject is governed by the Companies Act, 1965 and the company
must file its annual returns, together with its financial statements with the
Registrar of Companies.
The Subject is principally engaged in the (as
a / as an) trading of measuring, monitoring, electrical equipments.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former
Address(es)
|
Address |
As
At Date |
|
16B,
JALAN JOHAR 2, TAMAN DESA CEMERLANG, 81800, JOHOR, MALAYSIA |
14/05/2015 |
|
2F,
JALAN GIAM, TAMAN MAJIDEE (OFF JALAN TEBRAU), 80250, JOHOR, MALAYSIA |
15/06/2014 |
|
NO.
9-01, JALA AUSTIN PERDANA 2/25, TAMAN AUSTIN PERDANA, 81100, JOHOR, MALAYSIA |
N/A |
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
12/05/2016 |
MYR
1,000,000.00 |
MYR
1,000,000.00 |
|
02/09/2010 |
MYR
100,000.00 |
MYR
100,000.00 |
|
22/02/2010 |
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 |
(%) |
|
MR.
SARAVANA JOTHI A/L ARUMUGAM + |
NO.
1, JALAN AUSTIN PERDANA 5/4, TAMAN AUSTIN PERDANA, 81100 JOHOR BAHRU, JOHOR,
MALAYSIA. |
731113-01-6201
A2553148 |
800,000.00 |
80.00 |
|
MS.
PUNITHA A/P PONNUSAMY + |
NO.
1, JALAN AUSTIN PERDANA 5/4, TAMAN AUSTIN PERDANA, 81100 JOHOR BAHRU, JOHOR,
MALAYSIA. |
790826-01-5858 |
200,000.00 |
20.00 |
|
--------------- |
------ |
|||
|
1,000,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR 1
|
Name
Of Subject |
: |
MS.
PUNITHA A/P PONNUSAMY |
|
Address |
: |
NO.
1, JALAN AUSTIN PERDANA 5/4, TAMAN AUSTIN PERDANA, 81100 JOHOR BAHRU, JOHOR,
MALAYSIA. |
|
New
IC No |
: |
790826-01-5858 |
|
Date
of Birth |
: |
26/08/1979 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
22/02/2010 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none
in our databank |
|
Former
interest |
: |
none
in our databank |
INTEREST IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As
At |
|
|
No. |
% |
|||||||||
|
1 |
890679X |
SATURN
PYRO SDN. BHD. |
Director |
22/02/2010 |
200,000.00 |
20.00 |
MYR(113,465.00) |
2016 |
- |
23/04/2018 |
DIRECTOR 2
|
Name
Of Subject |
: |
MR.
SARAVANA JOTHI A/L ARUMUGAM |
|
Address |
: |
NO.
1, JALAN AUSTIN PERDANA 5/4, TAMAN AUSTIN PERDANA, 81100 JOHOR BAHRU, JOHOR,
MALAYSIA. |
|
IC
/ PP No |
: |
A2553148 |
|
New
IC No |
: |
731113-01-6201 |
|
Date
of Birth |
: |
13/11/1973 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
22/02/2010 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
see
below |
|
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 |
890679X |
SATURN
PYRO SDN. BHD. |
Director |
22/02/2010 |
800,000.00 |
80.00 |
MYR(113,465.00) |
2016 |
- |
23/04/2018 |
INTEREST IN BUSINESS
|
No |
Local
No |
Business |
Designation |
App
Date |
Shareholding
(%) |
Status |
As
At |
|
1 |
JM0578567P |
SMART
POWER TRADING |
SOLE
PROPRIETORSHIP |
15/09/2010 |
100.00 |
- |
23/04/2018 |
MANAGEMENT
|
|
1) |
Name
of Subject |
: |
SARAVANA
JOTHI A/L ARUMUGAM |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR
|
|
Auditor |
: |
A.RAHMAN
& ASSOCIATES |
|
Auditor'
Address |
: |
TAMAN
PUTERA, 81100 JOHOR BAHRU, JOHOR, MALAYSIA. |
|
|
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
MR.
A.MAHDAVAN A/L S.APPAKUTTAN |
|
IC
/ PP No |
: |
6077979 |
|
|
New
IC No |
: |
610116-01-5801 |
|
|
Address |
: |
15,JALAN
KEMUNCAK 6, TAMAN NONG CHIK, JOHOR BAHRU,JOHOR., 80100 JOHOR BAHRU, JOHOR,
MALAYSIA. |
|
|
2) |
Company
Secretary |
: |
MR.
THANNEERMALAI A/L MEIYAPPAN |
|
IC
/ PP No |
: |
6266240 |
|
|
New
IC No |
: |
611109-01-5509 |
|
|
Address |
: |
NO.18-H,
JALAN DATO' KATHI, 80100 JOHOR BAHRU, JOHOR, 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 |
03/07/2016 |
LETTER
OF OFFER |
MAYBANK
ISLAMIC BERHAD |
- |
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 |
|||
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
ASIA |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
MEASURING,
MONITORING, ELECTRICAL EQUIPMENTS |
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a /
as an) trading of measuring, monitoring, electrical equipments.
Saturn Pyro is a pioneer and leading Green
Technology solutions provider.
The products and solutions can be categorized as
follows:
Energy Management System (EnMS) solutions, including
consultation, hardware, software and deployment. EnMS enables an organization
or installation to utilize energy effectively and efficiently, optimizing
demand and consumption. EnMS is a prerequisite for ISO standard ISO50001 and
Superior Energy Performance installations and organizations.
GBI Certification 3M solutions (Measuring,
Monitoring & Managing), for Energy Efficiency, Indoor Environmental
Quality, Occupancy and Water Consumption Efficiency. These solutions are
required to be deployed as part any GBI Certification program.
It is able to deploy the required 3M solutions
in both new buildings and retrofitting of existing buildings.
Scada systems for Electrical Infrastructure
monitoring and control; including consultation, hardware, software and
deployment. Our RsS Scada is a robust supervisory monitoring and control
scalable system specifically developed for Electrical Infrastructure and
Facilities equipment.
Scada communication and protocol translation
solutions for cross platform integration and seamless operation. Communication
between various SCADA Systems / remote devices (RTU / PLC / Transformers /
IEDs) operating under different communication protocols are easily made
possible by ICx Gateway.
The Subject provides "electrical energy
efficiency" consulation and class leading solutions to reduce installation
energy costs and increase operational efficiency of installations.
Its primary focus is providing comprehensive
Energy Management System solutions to installations so that they are able to
monitor, record, manage and control their energy consumption.
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 |
: |
078628455 |
|
Current
Telephone Number |
: |
07-8628455 |
|
Match |
: |
YES |
|
Address
Provided by Client |
: |
NO.
44 & 44 A, JALAN PALMA RAFIS 1 TAMAN DATL CHELLAM 81800 ULU TIRAM JOHOR |
|
Current
Address |
: |
NO
44 & 44A, JALAN PALMA RAFIS 1, TAMAN DATO CHELLAM,, 81800 ULU TIRAM,
JOHOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
On 16th May 2018 we contacted one of the staff
from the Subject and he provided some information.
He refused to disclosed the number of employees.
The address is as per stated in the report.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012
- 2016 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
2012
- 2016 |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
21.93% |
] |
|
|
Return
on Net Assets |
: |
Unfavourable |
[ |
18.48% |
] |
|
|
The
fluctuating turnover reflects the fierce competition among the existing and
new market players.The Subject could be more efficient in controlling its
operating costs and had managed to reduce its losses during the year. Although
the Subject's returns showed positive figures it is not reflective of the
true situation. The Subject incurred losses during the year and its
shareholders' funds have turned red. The positive returns on shareholders'
funds is the result of losses divided by negative shareholders' funds. The
Subject's management was inefficient in utilising the assets to generate
returns. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Unfavourable |
[ |
242
Days |
] |
|
|
Debtor
Ratio |
: |
Unfavourable |
[ |
98
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
8
Days |
] |
|
|
The
Subject could be incurring higher holding cost. As its capital was tied up in
stocks, it could face liquidity problems. The Subject's debtors ratio was
high. The Subject should tighten its credit control and improve its
collection period. The Subject had a favourable creditors' ratio where the
Subject could be taking advantage of the cash discounts and also wanting to
maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Unfavourable |
[ |
0.23
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
0.65
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 |
: |
Unfavourable |
[ |
(5.36
Times) |
] |
|
|
Gearing
Ratio |
: |
Unfavourable |
[ |
(0.39
Times) |
] |
|
|
The
Subject incurred losses in the year. It did not generate sufficient income to
service its interest. If the situation does not improve, the Subject
may be vulnerable to default in servicing the interest. The Subject's gearing
was negative during the year as its shareholders' funds was in the red. This
means the Subject is running its business using borrowed money. We consider
the Subject as facing high financial risks. |
||||||
|
Overall
Assessment : |
||||||
|
The
Subject's turnover showed a volatile trend but its losses were lower when compared
to the previous corresponding period. This could suggest that the Subject was
more efficient in its operating cost control and was more competitive. 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's interest cover
was negative, indicating that it did not generate sufficient income to
service its interest. If its result does not show impressive improvements or
succeed obtaining short term financing or capital injection, it may not be
able to service its interest and repay the loans. The Subject has high
financial risks. If its shareholders do not inject more capital into the
company or if its business performance does not improve, its going concern
may be in question. |
||||||
|
Overall
financial condition of the Subject : POOR |
||||||
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major
Economic Indicators: |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Population
( Million) |
30.0 |
31.0 |
31.6 |
32.1 |
32.9 |
|
Gross
Domestic Products ( % ) |
6.0 |
4.6 |
4.2 |
5.3 |
5.4 |
|
Domestic
Demand ( % ) |
6.4 |
6.2 |
4.3 |
6.3 |
6.4 |
|
Private
Expenditure ( % ) |
7.9 |
6.9 |
7.8 |
7.4 |
7.3 |
|
Consumption
( % ) |
6.5 |
6.1 |
5.1 |
6.9 |
6.8 |
|
Investment
( % ) |
12.0 |
8.1 |
10.0 |
9.3 |
8.9 |
|
Public
Expenditure ( % ) |
2.3 |
4.2 |
3.3 |
5.3 |
5.5 |
|
Consumption
( % ) |
2.1 |
4.3 |
2.0 |
2.7 |
1.3 |
|
Investment
( % ) |
2.6 |
(1.0) |
1.1 |
3.4 |
3.8 |
|
Balance
of Trade ( MYR Million ) |
82,480 |
91,577 |
88,145 |
94,593 |
96,993 |
|
Government
Finance ( MYR Million ) |
(37,414) |
(37,194) |
(38,401) |
(39,887) |
(39,790) |
|
Government
Finance to GDP / Fiscal Deficit ( % ) |
(3.4) |
(3.2) |
(3.1) |
(3.0) |
(2.8) |
|
Inflation
( % Change in Composite CPI) |
3.2 |
4.0 |
2.1 |
3.5 |
3.0 |
|
Unemployment
Rate |
2.9 |
3.1 |
3.4 |
3.4 |
3.3 |
|
Net
International Reserves ( MYR Billion ) |
417 |
390 |
391 |
- |
- |
|
Average
Risk-Weighted Capital Adequacy Ratio ( % ) |
4.00 |
3.50 |
- |
- |
- |
|
Average
3 Months of Non-performing Loans ( % ) |
2.10 |
2.00 |
1.90 |
- |
- |
|
Average
Base Lending Rate ( % ) |
6.85 |
6.79 |
6.81 |
6.73 |
- |
|
Business
Loans Disbursed( % ) |
18.6 |
2.2 |
- |
- |
- |
|
Foreign
Investment ( MYR Million ) |
43,486.6 |
43,435.0 |
- |
- |
- |
|
Consumer
Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration
of New Companies ( No. ) |
49,203 |
45,658 |
43,255 |
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 |
INDUSTRY
ANALYSIS
|
|
MSIC
CODE |
|
|
46496
: Wholesale of electrical and electronic goods |
|
|
INDUSTRY
: |
ELECTRICAL
& ELECTRONIC |
|
Electrical
& Electronic |
|
|
The
electrical & electronics (E&E) industry is the leading sector in
Malaysia’s manufacturing. The E&E industry in Malaysia can be categorized
into four sub-sectors; consumer electronics, electric components, industrial
electronics and electrical. |
|
|
As
a major part of the supply chain in the technology sector, the importance of
the E&E industry has grown significantly while its contribution to the
economy has grown more pronounce, especially through the trade industry. |
|
|
Malaysia
E&E industry has been highlighted as one of the 12 National Key Economic
Areas (NKEA) under the government’s Economic Transformation Programme (ETP)
to propel Malaysia into its 2020 vision of being a developed nation. For the
E&E sector, keeping pace with fast evolving technologies is crucial to
the industry’s overall competitiveness vis-a-vis other regional
markets. |
|
|
According
to International Trade and Industry, the E&E industry grew by 20.6% in
the first two months of 2017. Malaysia achieved significant progress in the
E&E industry over the last decade that had resulted in the growth of new
businesses and creation of jobs. Malaysia was the world's seventh largest
exporter of E&E products, valued at RM287.7 billion in 2016, and made up
36% of Malaysia's total exports. In addition, performance in 2016 was
certainly better. 2016 total trade in E&E only grew by 1.5%. Overall, our
forecast is somewhere around 5% growth for 2017. |
|
|
The
performance in the first two months of 2017 has been excellent. The machinery
and equipment (M&E) industry also grew robustly over the years with a
strong export performance that contributed to more than 5% of total exports
of manufactured goods in 2016. In 2016 the Malaysian Investment Development
Authority (Mida) approved 88 M&E projects with investments of RM1.54
billion. |
|
|
A
breakdown on exports of E&E products from Malaysia shows that some of the
main contributors to the increase in exports to Asean were higher exports of
electronic integrated circuits and other E&E products. Malaysia’s
Department of Statistics also reported that there has been an increase of
exports to the US and this was driven mainly by manufactured goods which
accounted for 94.8% of Malaysia’s total exports to the country. |
|
|
As
the demand for E&E products are increasing worldwide, the implementation
of free trade agreements such as the Trans-Pacific Partnership Agreement
(TPPA) has been viewed as beneficial to sector as it could expose Malaysia’s
E&E sector to a wider market. For the E&E sector, the TPPA will not
only offer huge market potentials for Malaysian suppliers or investors, it
will also encourage innovation and productivity in the sector. |
|
|
OVERALL
INDUSTRY OUTLOOK : Strong Growth |
|
PROFIT
AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS) |
|
SATURN
PYRO SDN. BHD. |
|
Financial
Year End |
2016-03-31 |
2015-03-31 |
2014-03-31 |
2013-03-31 |
2012-03-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
1,187,407 |
1,656,689 |
1,486,570 |
1,169,593 |
982,728 |
|
Other
Income |
10,000 |
6,800 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
1,197,407 |
1,663,489 |
1,486,570 |
1,169,593 |
982,728 |
|
Costs
of Goods Sold |
(694,285) |
(1,025,537) |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
503,122 |
637,952 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
(113,465) |
(148,395) |
(187,711) |
(21,417) |
(3,462) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
(113,465) |
(148,395) |
(187,711) |
(21,417) |
(3,462) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
(113,465) |
(148,395) |
(187,711) |
(21,417) |
(3,462) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
(503,959) |
(355,564) |
(167,853) |
(146,436) |
(142,974) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
(503,959) |
(355,564) |
(167,853) |
(146,436) |
(142,974) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
(617,424) |
(503,959) |
(355,564) |
(167,853) |
(146,436) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
(617,424) |
(503,959) |
(355,564) |
(167,853) |
(146,436) |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||||
|
Hire
purchase |
- |
- |
4,778 |
1,546 |
1,079 |
|
Others |
17,828 |
6,053 |
745 |
655 |
747 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
17,828 |
6,053 |
5,523 |
2,201 |
1,826 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
62,550 |
62,510 |
48,171 |
32,244 |
25,622 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Amortization And Depreciation |
62,550 |
62,510 |
48,171 |
32,244 |
25,622 |
|
|
============= |
============= |
============= |
============= |
============= |
BALANCE
SHEET
|
|
SATURN
PYRO SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
214,288 |
275,241 |
216,856 |
167,222 |
163,173 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
214,288 |
275,241 |
216,856 |
167,222 |
163,173 |
|
CURRENT
ASSETS |
|||||
|
Stocks |
787,153 |
152,203 |
317,418 |
214,944 |
247,984 |
|
Trade
debtors |
318,621 |
358,796 |
575,584 |
662,594 |
335,063 |
|
Other
debtors, deposits & prepayments |
35,300 |
30,629 |
7,594 |
7,594 |
30,984 |
|
Amount
due from director |
- |
- |
20,000 |
20,000 |
- |
|
Cash
& bank balances |
72,751 |
19,728 |
8,703 |
13,930 |
85,194 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
1,213,825 |
561,356 |
929,299 |
919,062 |
699,225 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
1,428,113 |
836,597 |
1,146,155 |
1,086,284 |
862,398 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade
creditors |
15,232 |
706,318 |
642,127 |
327,169 |
259,708 |
|
Other
creditors & accruals |
26,138 |
67,736 |
42,556 |
13,654 |
7,806 |
|
Hire
purchase & lease creditors |
- |
- |
17,431 |
10,001 |
10,001 |
|
Bank
overdraft |
129,747 |
- |
- |
- |
- |
|
Amounts
owing to director |
1,666,981 |
320,234 |
- |
- |
- |
|
Lease
payables |
35,007 |
33,145 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
1,873,105 |
1,127,433 |
702,114 |
350,824 |
277,515 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(659,280) |
(566,077) |
227,185 |
568,238 |
421,710 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||||
|
Lease
obligations |
72,432 |
113,123 |
- |
- |
- |
|
Hire
purchase creditors |
- |
- |
70,310 |
45,831 |
54,165 |
|
Others |
- |
- |
629,295 |
757,482 |
577,154 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
72,432 |
113,123 |
699,605 |
803,313 |
631,319 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
(517,424) |
(403,959) |
(255,564) |
(67,853) |
(46,436) |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED
BY: |
|||||
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
RESERVES |
|||||
|
Retained
profit/(loss) carried forward |
(617,424) |
(503,959) |
(355,564) |
(167,853) |
(146,436) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
(617,424) |
(503,959) |
(355,564) |
(167,853) |
(146,436) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
(517,424) |
(403,959) |
(255,564) |
(67,853) |
(46,436) |
|
|
============= |
============= |
============= |
============= |
============= |
FINANCIAL
RATIO
|
|
SATURN
PYRO SDN. BHD. |
|
TYPES
OF FUNDS |
|||||
|
Cash |
72,751 |
19,728 |
8,703 |
13,930 |
85,194 |
|
Net
Liquid Funds |
(56,996) |
19,728 |
8,703 |
13,930 |
85,194 |
|
Net
Liquid Assets |
(1,446,433) |
(718,280) |
(90,233) |
353,294 |
173,726 |
|
Net
Current Assets/(Liabilities) |
(659,280) |
(566,077) |
227,185 |
568,238 |
421,710 |
|
Net
Tangible Assets |
(517,424) |
(403,959) |
(255,564) |
(67,853) |
(46,436) |
|
Net
Monetary Assets |
(1,518,865) |
(831,403) |
(789,838) |
(450,019) |
(457,593) |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
(95,637) |
(142,342) |
(182,188) |
(19,216) |
(1,636) |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
(33,087) |
(79,832) |
(134,017) |
13,028 |
23,986 |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
202,179 |
113,123 |
87,741 |
55,832 |
64,166 |
|
Total
Liabilities |
1,945,537 |
1,240,556 |
1,401,719 |
1,154,137 |
908,834 |
|
Total
Assets |
1,428,113 |
836,597 |
1,146,155 |
1,086,284 |
862,398 |
|
Net
Assets |
(517,424) |
(403,959) |
(255,564) |
(67,853) |
(46,436) |
|
Net
Assets Backing |
(517,424) |
(403,959) |
(255,564) |
(67,853) |
(46,436) |
|
Shareholders'
Funds |
(517,424) |
(403,959) |
(255,564) |
(67,853) |
(46,436) |
|
Total
Share Capital |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
Total
Reserves |
(617,424) |
(503,959) |
(355,564) |
(167,853) |
(146,436) |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(28.33) |
11.44 |
27.10 |
19.01 |
229.06 |
|
Proft/(Loss)
Before Tax |
23.54 |
20.94 |
(776.46) |
(518.63) |
97.58 |
|
Proft/(Loss)
After Tax |
23.54 |
20.94 |
(776.46) |
(518.63) |
97.58 |
|
Total
Assets |
70.71 |
(27.01) |
5.51 |
25.96 |
113.24 |
|
Total
Liabilities |
56.83 |
(11.50) |
21.45 |
26.99 |
103.14 |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
0.04 |
0.02 |
0.01 |
0.04 |
0.31 |
|
Liquid
Ratio |
0.23 |
0.36 |
0.87 |
2.01 |
1.63 |
|
Current
Ratio |
0.65 |
0.50 |
1.32 |
2.62 |
2.52 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
242 |
34 |
78 |
67 |
92 |
|
Debtors
Ratio |
98 |
79 |
141 |
207 |
124 |
|
Creditors
Ratio |
8 |
251 |
158 |
102 |
96 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
(0.39) |
(0.28) |
(0.34) |
(0.82) |
(1.38) |
|
Liabilities
Ratio |
(3.76) |
(3.07) |
(5.48) |
(17.01) |
(19.57) |
|
Times
Interest Earned Ratio |
(5.36) |
(23.52) |
(32.99) |
(8.73) |
(0.90) |
|
Assets
Backing Ratio |
(5.17) |
(4.04) |
(2.56) |
(0.68) |
(0.46) |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
(9.56) |
(8.96) |
(12.63) |
(1.83) |
(0.35) |
|
Net
Profit Margin |
(9.56) |
(8.96) |
(12.63) |
(1.83) |
(0.35) |
|
Return
On Net Assets |
18.48 |
35.24 |
71.29 |
28.32 |
3.52 |
|
Return
On Capital Employed |
30.34 |
48.94 |
(39.48) |
(2.58) |
(0.28) |
|
Return
On Shareholders' Funds/Equity |
21.93 |
36.74 |
73.45 |
31.56 |
7.46 |
|
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 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
|
MYR |
1 |
INR 17.13 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
DNS |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.