|
|
|
MIRA INFORM REPORT
|
Report No. : |
509192 |
|
Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
LOTTE CHEMICAL TITAN CORPORATION SDN. BHD. |
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|
|
Formerly Known As : |
TITAN STYRENE (M) SDN. BHD. |
|
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|
|
Registered Office : |
Tingkat 6, Bangunan Malaysian Re, 17, Lorong Dungun,
Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan |
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Country : |
Malaysia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
16.10.1995 |
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Com. Reg. No.: |
363632-W |
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|
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Legal Form : |
Private Limited (Limited By Share) |
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|
Line of Business : |
The Subject is p engaged in the trading of polymer products
& plastic fabricated products, management services and acts as a regional
centre for the titan group. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
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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. |
: |
363632-W |
||||
|
GST NO. |
: |
000813854720 |
||||
|
COMPANY NAME |
: |
LOTTE CHEMICAL TITAN CORPORATION SDN. BHD. |
||||
|
FORMER NAME |
: |
TITAN STYRENE (M) SDN. BHD. (07/10/2016) |
||||
|
INCORPORATION DATE |
: |
16/10/1995 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
TINGKAT 6, BANGUNAN MALAYSIAN RE, 17, LORONG DUNGUN, DAMANSARA
HEIGHTS, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
PLO 312, JALAN TEMBAGA 4, PASIR GUDANG INDUSTRIAL ESTATE, 81700
PASIR GUDANG, JOHOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
07-2538888 |
||||
|
FAX.NO. |
: |
07-2510784 |
||||
|
WEB SITE |
: |
WWW.LOTTECHEM.MY |
||||
|
CONTACT PERSON |
: |
KONG CHOCK HOON ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46693 70201 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF POLYMER PRODUCTS & PLASTIC FABRICATED PRODUCTS,
MANAGEMENT SERVICES AND ACTS AS A REGIONAL CENTRE FOR THE TITAN GROUP |
||||
|
AUTHORISED CAPITAL |
: |
MYR 200,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 90,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
MYR 2,975,932 [2016] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
UNKNOWN |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
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) trading
of polymer products & plastic fabricated products, management services and
acts as a regional centre for the titan group.
The Subject is not listed on Bursa Malaysia (Malaysia Stock
Exchange).
Former Address(es)
|
Address |
As At Date |
|
10TH FLOOR, WISMA DAMANSARA, JALAN SEMANTAN, 50490, WILAYAH
PERSEKUTUAN, MALAYSIA |
26/12/1999 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
01/03/2017 |
MYR 200,000,000.00 |
MYR 90,000,000.00 |
|
13/10/2016 |
MYR 200,000,000.00 |
MYR 3,000,000.00 |
|
12/08/1997 |
MYR 100,000.00 |
MYR 1,000.00 |
|
03/06/1997 |
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 |
(%) |
|
LOTTE CHEMICAL TITAN HOLDING SDN. BHD. |
PLO 312,JALAN TEMBAGA 4, PASIR GUDANG INDUSTRIAL ESTATE, 81700 PASIR
GUDANG, JOHOR, MALAYSIA. |
222357P |
90,000,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
90,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. KONG CHOCK HOON |
|
Address |
: |
92,JALAN DATUK SULAIMAN 6, TAMAN TUN DR ISMAIL, 60000 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
600101-01-6001 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
28/03/2008 |
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 |
154990W |
LOTTE CHEMICAL TITAN (M) SDN. BHD. |
Secretary |
25/08/2005 |
0.00 |
- |
MYR1,105,783,000.00 |
2016 |
- |
23/04/2018 |
|
2 |
363632W |
LOTTE CHEMICAL TITAN CORPORATION SDN. BHD. |
Director Secretary |
28/03/2008 25/08/2005 |
0.00 |
- |
MYR(18,491.00) |
2016 |
- |
23/04/2018 |
|
3 |
222357P |
LOTTE CHEMICAL TITAN HOLDING BERHAD |
Secretary |
25/08/2005 |
0.00 |
- |
MYR1,315,386,000.00 |
2016 |
- |
23/04/2018 |
|
4 |
792180A |
LOTTE CHEMICAL TITAN INTERNATIONAL SDN. BHD. |
Director Secretary |
28/03/2008 18/10/2007 |
0.00 |
- |
MYR(6,374,601.00) |
2016 |
- |
23/04/2018 |
|
5 |
170232H |
LOTTE CHEMICAL TITAN TRADING SDN. BHD. |
Secretary |
25/08/2005 |
0.00 |
- |
MYR142,532,000.00 |
2016 |
- |
23/04/2018 |
|
6 |
363377A |
TITAN ETHYLENE GLYCOL (M) SDN. BHD. |
Director Secretary |
28/03/2008 25/08/2005 |
0.00 |
- |
MYR(6,770.00) |
2016 |
- |
23/04/2018 |
|
7 |
171052D |
TITAN PETROCHEMICALS (M) SDN. BHD. |
Secretary |
25/08/2005 |
0.00 |
- |
MYR(6,000.00) |
2015 |
- |
23/04/2018 |
|
8 |
169646H |
TITAN VINYL (M) SDN. BHD. |
Director Secretary |
28/03/2008 25/08/2005 |
0.00 |
- |
MYR(6,688.00) |
2016 |
- |
23/04/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
438200T |
BONUSKAD LOYALTY SDN. BHD. |
Director |
05/07/1997 |
06/10/1997 |
- |
- |
|
2 |
974674M |
LOTTE UBE SYNTHETIC RUBBER SDN. BHD. |
Secretary |
11/01/2012 |
01/04/2013 |
- |
- |
|
3 |
364139A |
LOTUS MARK SDN. BHD. |
Director |
30/06/2006 |
21/04/2017 |
- |
- |
|
4 |
364139A |
LOTUS MARK SDN. BHD. |
Secretary |
30/06/2006 |
14/06/2016 |
- |
- |
|
5 |
364139A |
LOTUS MARK SDN. BHD. |
Shareholder |
- |
- |
1 |
- |
|
6 |
364800W |
SHELL PEOPLE SERVICES ASIA SDN. BHD. |
Director |
01/01/1997 |
07/10/1997 |
- |
- |
DIRECTOR 2
|
Name Of Subject |
: |
MR. TAN GEK SENG |
|
Address |
: |
NO. 56, JALAN PONDEROSA 1/1, TAMAN PONDEROSA, 81100 JOHOR BAHRU,
JOHOR, MALAYSIA. |
|
IC / PP No |
: |
6161793 |
|
New IC No |
: |
610617-01-5527 |
|
Date of Birth |
: |
17/06/1961 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
13/10/2016 |
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 |
363632W |
LOTTE CHEMICAL TITAN CORPORATION SDN. BHD. |
Director |
13/10/2016 |
0.00 |
- |
MYR(18,491.00) |
2016 |
- |
23/04/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
165985T |
TRU-TECH ELECTRONICS (M) SDN.BHD. |
Secretary |
11/08/1995 |
16/06/1999 |
- |
- |
|
2 |
255565D |
TRU-TECH TECHNOLOGY SDN. BHD. |
Secretary |
11/08/1995 |
16/06/1999 |
- |
- |
DIRECTOR 3
|
Name Of Subject |
: |
LEE DONG WOO |
|
Address |
: |
BA-31-2, 10 MONT KIARA, JALAN KIARA 1, MONT KIARA, 50480 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Other Address(es) |
: |
102-1501, DAERIM DURAE APT, 65 GAJEONG-RO, YUSEONG-GU, DAEJEON,
REPUBLIC OF KOREA, 34120 |
|
IC / PP No |
: |
M33073805 |
|
Nationality |
: |
KOREAN |
|
Date of Appointment |
: |
03/03/2017 |
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 |
154990W |
LOTTE CHEMICAL TITAN (M) SDN. BHD. |
Director |
03/03/2017 |
0.00 |
- |
MYR1,105,783,000.00 |
2016 |
- |
23/04/2018 |
|
2 |
363632W |
LOTTE CHEMICAL TITAN CORPORATION SDN. BHD. |
Director |
03/03/2017 |
0.00 |
- |
MYR(18,491.00) |
2016 |
- |
23/04/2018 |
|
3 |
792180A |
LOTTE CHEMICAL TITAN INTERNATIONAL SDN. BHD. |
Director |
03/03/2017 |
0.00 |
- |
MYR(6,374,601.00) |
2016 |
- |
23/04/2018 |
|
4 |
170232H |
LOTTE CHEMICAL TITAN TRADING SDN. BHD. |
Director |
03/03/2017 |
0.00 |
- |
MYR142,532,000.00 |
2016 |
- |
23/04/2018 |
|
5 |
363377A |
TITAN ETHYLENE GLYCOL (M) SDN. BHD. |
Director |
03/03/2017 |
0.00 |
- |
MYR(6,770.00) |
2016 |
- |
23/04/2018 |
|
6 |
171052D |
TITAN PETROCHEMICALS (M) SDN. BHD. |
Director |
03/03/2017 |
0.00 |
- |
MYR(6,000.00) |
2015 |
- |
23/04/2018 |
|
7 |
169646H |
TITAN VINYL (M) SDN. BHD. |
Director |
03/03/2017 |
0.00 |
- |
MYR(6,688.00) |
2016 |
- |
23/04/2018 |
DIRECTOR 4
|
Name Of Subject |
: |
LEE JUNG HYENG |
|
Address |
: |
UNIT F10W3, STRAITS VIEW CONDOMINIUM, JALAN PERMAS SELATAN,
BANDAR BARU PERMAS JAYA, 81100 JOHOR BAHRU, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
M87804580 |
|
Date of Appointment |
: |
01/03/2018 |
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 |
154990W |
LOTTE CHEMICAL TITAN (M) SDN. BHD. |
Director |
01/03/2018 |
0.00 |
- |
MYR1,105,783,000.00 |
2016 |
- |
23/04/2018 |
|
2 |
363632W |
LOTTE CHEMICAL TITAN CORPORATION SDN. BHD. |
Director |
01/03/2018 |
0.00 |
- |
MYR(18,491.00) |
2016 |
- |
23/04/2018 |
|
3 |
792180A |
LOTTE CHEMICAL TITAN INTERNATIONAL SDN. BHD. |
Director |
01/03/2018 |
0.00 |
- |
MYR(6,374,601.00) |
2016 |
- |
23/04/2018 |
|
4 |
170232H |
LOTTE CHEMICAL TITAN TRADING SDN. BHD. |
Director |
01/03/2018 |
0.00 |
- |
MYR142,532,000.00 |
2016 |
- |
23/04/2018 |
|
5 |
363377A |
TITAN ETHYLENE GLYCOL (M) SDN. BHD. |
Director |
01/03/2018 |
0.00 |
- |
MYR(6,770.00) |
2016 |
- |
23/04/2018 |
|
6 |
171052D |
TITAN PETROCHEMICALS (M) SDN. BHD. |
Director |
01/03/2018 |
0.00 |
- |
MYR(6,000.00) |
2015 |
- |
23/04/2018 |
|
7 |
169646H |
TITAN VINYL (M) SDN. BHD. |
Director |
01/03/2018 |
0.00 |
- |
MYR(6,688.00) |
2016 |
- |
23/04/2018 |
FORMER
DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
CHEN CHUNG-YEE |
VISTA HEIGHTS APT., 11K,H05-03,JALAN MARIMAH, JOHOR BAHRU, JOHOR
BAHRU, JOHOR, MALAYSIA |
M2667290 |
16/10/1995 |
27/07/1999 |
|
YEH HSIANG |
VISTA HEIGHTS APT., 11K,H06-02, JALAN MARIMAH, JOHOR BAHR, JOHOR
BAHRU, JOHOR, MALAYSIA |
2197344J |
16/10/1995 |
09/01/2004 |
|
THOMAS PATRICK GREHL |
16, JALAN LANGGAK DUTA, TAMAN DUTA, KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA |
713183672 |
01/07/2006 |
10/07/2008 |
|
WARREN WILLIAM WILDER |
K-31-5 K RESIDENCE, 156 JALAN AMPANG, KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA |
134540601 |
10/07/2008 |
09/11/2010 |
|
MUHAMMAD FAUZI BIN ABD GHANI |
79,JALAN SELASEH 16, TAMAN SELASEH, BATU CAVES,SELANGOR., BATU
CAVES, WILAYAH PERSEKUTUAN, MALAYSIA |
620203-02-5329 |
30/06/2006 |
31/03/2008 |
|
LEE HUNKI |
UNIT A-22-3A, KIARAVILLE CONDO, JALAN CHANGKAT DUTA KIARA,
MONT\' KIARA, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
M43550007 |
09/11/2010 |
02/05/2014 |
|
FRANCIS AUGUSTINE PEREIRA |
16, JALAN 5/17, PETALING JAYA, SELANGOR, MALAYSIA |
530309-10-5539 |
26/07/1999 |
30/06/2006 |
|
DONALD MARION CONDON,JR |
16,JALAN LANGGAK DUTA, TAMAN DUTA, KUALA LUMPUR, KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA |
211733419 |
09/01/2004 |
01/07/2006 |
|
KIM GYO HYUN |
UNIT A-15-6 SENI MONT KIARA, NO.2A JALAN CHANGKAT DUTA KIARA,
MONT KIARA, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
M69904116 |
02/05/2014 |
03/03/2017 |
|
PARK BEONJIN |
E20-E2 BLOK E, STRAITS VIEW CONDO, NO.8, JALAN SELATAN BARU, BANDAR
BARU PERMAS JAYA, JOHOR BAHRU, JOHOR, MALAYSIA |
M49979034 |
01/02/2015 |
01/03/2018 |
Note : The above information was generated from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
KONG CHOCK HOON |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR
|
|
Auditor |
: |
ERNST & YOUNG |
|
Auditor' Address |
: |
JALAN DAMANLELA, PUSAT BANDAR DAMANSARA, 50490 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MR. KONG CHOCK HOON |
|
New IC No |
: |
600101-01-6001 |
|
|
Address |
: |
92,JALAN DATUK SULAIMAN 6, TAMAN TUN DR ISMAIL, 60000 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
CIVIL
LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
CRIMINAL
RECORDS CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No criminal record was found in our databank.
CIVIL
LITIGATION CHECK - SUBJECT COMPANY AS A PLAINTIFF
|
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No plaintiff record was found in our databank.
CRIMINAL
RECORDS CHECK - SUBJECT COMPANY AS A PLAINTIFF
|
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No plaintiff record was found in our databank.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been listed by our customers and debtors that
have been placed or assigned to us for collection.
No defaulter record & debt collection case was found in our defaulters'
databank.
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 |
|
Import Countries |
: |
ASIA |
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
50% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
Percentage |
: |
50% |
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
LETTER OF CREDIT (LC) |
|||
OPERATIONS
|
|
Goods Traded |
: |
POLYMER PRODUCTS & PLASTIC FABRICATED PRODUCTS |
|
|
Services |
: |
MANAGEMENT SERVICES AND ACTS AS A REGIONAL CENTRE FOR THE TITAN
GROUP |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of polymer
products & plastic fabricated products, management services and acts as a
regional centre for the titan group.
The Subject sells the products based on customer's demands and requirement.
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 |
: |
607 253 8888 |
|
Current Telephone Number |
: |
07-2538888 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
PLO 312, JALAN TEMBAGE 4, PASIR GUDANG INDUSTRIAL ESTATE, 81700
PASIR GUDANG, JOHOR MALAYSIA |
|
Current Address |
: |
PLO 312, JALAN TEMBAGA 4, PASIR GUDANG INDUSTRIAL ESTATE, 81700
PASIR GUDANG, JOHOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We have contacted one of the staff from the Subject and she provided some information.
The address is as per stated in the report.
The Subject refused to disclose its number of employees.
The Subject commenced its business operation in 2017.
FINANCIAL
ANALYSIS
|
|
|
|
The Subject's turnover was nil during the year indicate that it
was inactive. As a result, we are unable to comment on its financial
performance. |
||||||
|
Overall financial condition of the Subject : N/A |
||||||
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 |
|
|
46693 : Wholesale of plastic materials in primary forms |
|
|
70201 : Business management consultancy services |
|
|
INDUSTRY : |
TRADING |
|
Malaysia's retail sales will likely grow 3.7% in 2017, slower
than previously estimated 3.9%, as consumer sentiment remains weak amid rising
cost of living in Southeast Asia's third largest economy. |
|
|
The cut in forecast was the
second of such revision by Retail Group Malaysia, a retail consulting firm,
from an initial target of 5% retail sales expansion pace in 2017. The
estimate follows a survey of members of Malaysia Retailers Association on
their second quarter performance and outlook for the year. Retail sales grew
1.7% in 2016. |
|
|
According to Retail Group Malaysia
(RGM), Malaysian retailers have seen the sales expanded 4.9 % from April to
June 2017, reversing a dismal performance in first three months 2017. For the
first six months 2016, the retail sale growth rate was 2.5 %. However, the
businesses in the next three months are not optimistic, estimating an average
growth rate of 2.9 %. The department stores cum supermarket operators are
expecting to return to red with a contraction of 2.5 %. Similarly, the
department store operators expect their businesses to dip with a negative 1.5
%. |
|
|
The rise of purchasing power
will continue to fall behind the increase in prices of retail goods. More
retail goods are expected to raise prices because of higher fuel prices in
recent months. |
|
|
The wholesale trade sub-sector
index increased 5.9 % to 165.9 points year-on-year (y-o-y) driven mainly by
other specialised wholesale (7.5 %), wholesale of agricultural raw materials
and livestock (7.3 %) and wholesale of machinery, equipment and supplies (6.2
%). |
|
|
Over 60% of Gross Domestic
Product (GDP) is contributed by domestic consumption. Therefore the wholesale
and retail sector plays a crucial role in driving Malaysia's growth over the
next decade despite the ongoing global economic slowdown. By 2020, Malaysia's
wholesale and retail sector is expected to boost the country's total Gross
National Income (GNI) by RM156 billion, creating 454,190 new jobs. |
|
|
OVERALL INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH
MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
LOTTE CHEMICAL TITAN CORPORATION 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 |
|
Other Income |
67,566 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
67,566 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(18,491) |
(8,598) |
(5,065) |
(4,109) |
(5,029) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(18,491) |
(8,598) |
(5,065) |
(4,109) |
(5,029) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(18,491) |
(8,598) |
(5,065) |
(4,109) |
(5,029) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
(28,880) |
(20,282) |
(15,217) |
(11,108) |
(6,079) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
(28,880) |
(20,282) |
(15,217) |
(11,108) |
(6,079) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(47,371) |
(28,880) |
(20,282) |
(15,217) |
(11,108) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(47,371) |
(28,880) |
(20,282) |
(15,217) |
(11,108) |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE
SHEET
|
|
|
|
LOTTE CHEMICAL TITAN CORPORATION SDN. BHD. |
|
CURRENT ASSETS |
|||||
|
Cash & bank balances |
6,413,492 |
2 |
2 |
2 |
2 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
6,413,492 |
2 |
2 |
2 |
2 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
6,413,492 |
2 |
2 |
2 |
2 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Other creditors & accruals |
3,437,560 |
4,579 |
1,500 |
2,030 |
1,500 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
3,437,560 |
4,579 |
1,500 |
2,030 |
1,500 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
TOTAL NET ASSETS |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
3,000,000 |
1,000 |
1,000 |
1,000 |
1,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
3,000,000 |
1,000 |
1,000 |
1,000 |
1,000 |
|
RESERVES |
|||||
|
Capital reserve |
23,303 |
23,303 |
17,784 |
12,189 |
8,610 |
|
Retained profit/(loss) carried forward |
(47,371) |
(28,880) |
(20,282) |
(15,217) |
(11,108) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(24,068) |
(5,577) |
(2,498) |
(3,028) |
(2,498) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
============= |
============= |
============= |
============= |
============= |
|
FINANCIAL
RATIO
|
|
|
|
LOTTE CHEMICAL TITAN CORPORATION SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
6,413,492 |
2 |
2 |
2 |
2 |
|
Net Liquid Funds |
6,413,492 |
2 |
2 |
2 |
2 |
|
Net Liquid Assets |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
Net Current Assets/(Liabilities) |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
Net Tangible Assets |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
Net Monetary Assets |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
(18,491) |
(8,598) |
(5,065) |
(4,109) |
(5,029) |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
(18,491) |
(8,598) |
(5,065) |
(4,109) |
(5,029) |
|
BALANCE SHEET ITEMS |
|||||
|
Total Liabilities |
3,437,560 |
4,579 |
1,500 |
2,030 |
1,500 |
|
Total Assets |
6,413,492 |
2 |
2 |
2 |
2 |
|
Net Assets |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
Net Assets Backing |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
Shareholders' Funds |
2,975,932 |
(4,577) |
(1,498) |
(2,028) |
(1,498) |
|
Total Share Capital |
3,000,000 |
1,000 |
1,000 |
1,000 |
1,000 |
|
Total Reserves |
(24,068) |
(5,577) |
(2,498) |
(3,028) |
(2,498) |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Proft/(Loss) Before Tax |
(115.06) |
(69.75) |
(23.27) |
18.29 |
(29.58) |
|
Proft/(Loss) After Tax |
(115.06) |
(69.75) |
(23.27) |
18.29 |
(29.58) |
|
Total Assets |
320,674,500.00 |
- |
- |
- |
- |
|
Total Liabilities |
74,972.29 |
205.27 |
(26.11) |
35.33 |
(17.99) |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
1.87 |
0 |
0 |
0 |
0 |
|
Liquid Ratio |
1.87 |
0 |
0 |
0 |
0 |
|
Current Ratio |
1.87 |
0 |
0 |
0 |
0 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Liabilities Ratio |
1.16 |
(1.00) |
(1.00) |
(1.00) |
(1.00) |
|
Assets Backing Ratio |
0.99 |
(4.58) |
(1.50) |
(2.03) |
(1.50) |
|
PERFORMANCE RATIO (%) |
|||||
|
Return On Net Assets |
(0.62) |
187.85 |
338.12 |
202.61 |
335.71 |
|
Return On Capital Employed |
(0.62) |
187.85 |
338.12 |
202.61 |
335.71 |
|
Return On Shareholders' Funds/Equity |
(0.62) |
187.85 |
338.12 |
202.61 |
335.71 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.72 |
|
|
1 |
INR 91.65 |
|
Euro |
1 |
INR 79.89 |
|
MYR |
1 |
INR 17.13 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TRU |
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.