|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510825 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
FOCUS PIGMENT SDN. BHD. |
|
|
|
|
Formerly Known As : |
SP SPECIALITIES SDN BHD |
|
|
|
|
Registered Office : |
163-D-4, Wisma Seri Perak, Jalan Perak, 10150 Georgetown,
Pulau Pinang, Malaysia |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
29.12.2006 |
|
|
|
|
Com. Reg. No.: |
757960-U |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in the trading of chemical products. |
|
|
|
|
No. of Employees : |
15 [2018] |
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 : |
Slow but Correct |
|
|
|
|
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. |
: |
757960-U |
||||
|
GST NO. |
: |
001323601920 |
||||
|
COMPANY NAME |
: |
FOCUS PIGMENT SDN. BHD. |
||||
|
FORMER NAME |
: |
SP SPECIALITIES SDN BHD (05/07/2011) |
||||
|
INCORPORATION DATE |
: |
29/12/2006 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
163-D-4, WISMA SERI PERAK, JALAN PERAK, 10150 GEORGETOWN, PULAU
PINANG, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
NO 13, JALAN BESTARI 4/KU7, TAMAN PERINDUSTRIAN KAPAR BESTARI,
42200 KAPAR, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-78429712 |
||||
|
FAX.NO. |
: |
03-78429713 |
||||
|
CONTACT PERSON |
: |
SOO HOO PEI LEE ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46691 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF CHEMICAL PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 1,500,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 28,315,906 [2016] |
||||
|
NET WORTH |
: |
MYR 2,023,991 [2016] |
||||
|
STAFF STRENGTH |
: |
15 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
SLOW
BUT CORRECT |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
HIGH |
||||
|
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 chemical products.
The Subject is not listed on Bursa Malaysia (Malaysia Stock
Exchange).
Former Address(es)
|
Address |
As At Date |
|
60, 1ST FLOOR, PERSIARAN MAHSURI 1/2, 11900, PULAU PINANG,
MALAYSIA |
15/02/2013 |
|
D6-3A-2 DANA 1, COMMERCIAL CENTRE, JALAN PJU 1A/46, 47200,
SELANGOR, MALAYSIA |
25/07/2017 |
|
ROOM B, 3RD FLOOR, 309-K, PERAK ROAD, 10150, PULAU PINANG,
MALAYSIA |
28/02/2007 |
|
61, JALAN DEVA PADA, 10400, PULAU PINANG, MALAYSIA |
29/05/2016 |
|
28 JALAN APOLLO U5/187, SEKYEN U5 BANDAR PINGGIRAN SUBANG,
40150, SELANGOR, MALAYSIA |
N/A |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
30/12/2015 |
MYR 5,000,000.00 |
MYR 1,500,000.00 |
|
25/03/2015 |
MYR 1,000,000.00 |
MYR 1,000,000.00 |
|
11/04/2011 |
MYR 500,000.00 |
MYR 500,000.00 |
|
31/01/2007 |
MYR 100,000.00 |
MYR 100,000.00 |
|
29/12/2006 |
MYR 100,000.00 |
MYR 10.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MS. SOO HOO PEI LEE + |
NO. 29, JALAN PANTAI JERJAK 11,, SUNGAI NIBONG, 11900 BAYAN
LEPAS, PULAU PINANG, MALAYSIA. |
780722-07-5240 |
750,000.00 |
50.00 |
|
MR. LIM CHENG HAN + |
32-A, HALAMAN BUKIT GAMBIR 1, SUNWAY BUKIT GAMBIR, 11700
GELUGOR, PULAU PINANG, MALAYSIA. |
780523-07-5627 |
750,000.00 |
50.00 |
|
--------------- |
------ |
|||
|
1,500,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
CHIN KIM YEE |
MALAYSIA |
541213-07-5236 |
N/A |
N/A |
|
LEE KAM FAI |
MALAYSIA |
780529-06-5163 |
30,000.00 |
N/A |
|
LIU SUNG HSING |
CHINA |
301053112 |
50,000.00 |
N/A |
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
MS. SOO HOO PEI YING |
|
Address |
: |
29, PANTAI JERJAK 11, SUNGAI NIBONG, 11900 BAYAN LEPAS, PULAU
PINANG, MALAYSIA. |
|
New IC No |
: |
881024-35-5248 |
|
Date of Birth |
: |
24/10/1988 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
28/11/2016 |
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 |
1106697P |
FOCUS CHEMTECH MANUFACTURING SDN. BHD. |
Director |
24/10/2015 |
49.00 |
49.00 |
MYR(5,256.00) |
2015 |
Disolved by Registrar |
23/04/2018 |
|
2 |
757960U |
FOCUS PIGMENT SDN. BHD. |
Director |
28/11/2016 |
0.00 |
- |
MYR44,481.00 |
2016 |
- |
23/04/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
MS. SOO HOO PEI LEE |
|
Address |
: |
NO. 29, JALAN PANTAI JERJAK 11,, SUNGAI NIBONG, 11900 BAYAN
LEPAS, PULAU PINANG, MALAYSIA. |
|
New IC No |
: |
780722-07-5240 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
10/06/2011 |
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 |
1119991W |
BG DETAILING SDN. BHD. |
Director |
26/11/2014 |
1.00 |
1.00 |
MYR6,372.00 |
2016 |
- |
23/04/2018 |
|
2 |
1106697P |
FOCUS CHEMTECH MANUFACTURING SDN. BHD. |
Shareholder |
- |
1.00 |
1.00 |
MYR(5,256.00) |
2015 |
Disolved by Registrar |
23/04/2018 |
|
3 |
757960U |
FOCUS PIGMENT SDN. BHD. |
Director |
10/06/2011 |
750,000.00 |
50.00 |
MYR44,481.00 |
2016 |
- |
23/04/2018 |
|
4 |
687884M |
JC NANOTECH SDN. BHD. |
Director |
11/04/2007 |
1,400,000.00 |
56.00 |
MYR330,019.00 |
2016 |
- |
23/04/2018 |
|
5 |
1217255X |
POLYCHEM MANUFACTURING SDN. BHD. |
Director |
24/01/2017 |
200,000.00 |
50.00 |
- |
2016 |
- |
23/04/2018 |
|
6 |
1119699U |
QPP EAR PIERCING SDN. BHD. |
Shareholder |
- |
100.00 |
0.010 |
MYR(5,363.00) |
2017 |
- |
23/04/2018 |
|
7 |
1193535M |
SMART CHEMICAL SDN. BHD. |
Director |
01/07/2016 |
1.00 |
50.00 |
- |
2016 |
- |
23/04/2018 |
|
8 |
1217230U |
SMART POLYCHEM SDN. BHD. |
Director |
24/01/2017 |
1.00 |
50.00 |
- |
2016 |
- |
23/04/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
1119699U |
QPP EAR PIERCING SDN. BHD. |
Director |
25/11/2014 |
28/06/2016 |
- |
- |
DIRECTOR 3
|
Name Of Subject |
: |
MR. LIM CHENG HAN |
|
Address |
: |
32-A, HALAMAN BUKIT GAMBIR 1, SUNWAY BUKIT GAMBIR, 11700
GELUGOR, PULAU PINANG, MALAYSIA. |
|
Other Address(es) |
: |
NO. 60, 1ST FLOOR, PERSIARAN MAHSURI 1/2, 11900 BAYAN LEPAS,
PULAU PINANG, MALAYSIA. |
|
New IC No |
: |
780523-07-5627 |
|
Date of Birth |
: |
23/05/1978 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
10/06/2011 |
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 |
1147616U |
BG DETAILING KL SDN. BHD. |
Director |
09/06/2015 |
35,000.00 |
70.00 |
- |
2015 |
Disolved by Registrar |
23/04/2018 |
|
2 |
1119991W |
BG DETAILING SDN. BHD. |
Director |
26/11/2014 |
79.00 |
79.00 |
MYR6,372.00 |
2016 |
- |
23/04/2018 |
|
3 |
1106697P |
FOCUS CHEMTECH MANUFACTURING SDN. BHD. |
Shareholder |
- |
1.00 |
1.00 |
MYR(5,256.00) |
2015 |
Disolved by Registrar |
23/04/2018 |
|
4 |
757960U |
FOCUS PIGMENT SDN. BHD. |
Director |
10/06/2011 |
750,000.00 |
50.00 |
MYR44,481.00 |
2016 |
- |
23/04/2018 |
|
5 |
841877A |
JC INTERNATIONAL SDN. BHD. |
Director |
18/12/2008 |
50,000.00 |
50.00 |
MYR18,554.00 |
2011 |
- |
23/04/2018 |
|
6 |
687884M |
JC NANOTECH SDN. BHD. |
Director |
11/04/2007 |
890,000.00 |
35.60 |
MYR330,019.00 |
2016 |
- |
23/04/2018 |
|
7 |
1217255X |
POLYCHEM MANUFACTURING SDN. BHD. |
Director |
24/01/2017 |
200,000.00 |
50.00 |
- |
2015 |
- |
23/04/2018 |
|
8 |
1119699U |
QPP EAR PIERCING SDN. BHD. |
Director |
25/11/2014 |
699,900.00 |
69.99 |
MYR(5,363.00) |
2017 |
- |
23/04/2018 |
|
9 |
1193535M |
SMART CHEMICAL SDN. BHD. |
Director |
21/03/2018 |
0.00 |
- |
- |
2015 |
- |
23/04/2018 |
|
10 |
1217230U |
SMART POLYCHEM SDN. BHD. |
Director |
24/01/2017 |
1.00 |
50.00 |
- |
2015 |
- |
23/04/2018 |
|
11 |
694880D |
STAR PACIFIC ENTREPRENEUR SDN. BHD. |
Director |
11/05/2007 |
474,999.00 |
95.00 |
MYR11,546.00 |
2017 |
- |
23/04/2018 |
|
12 |
895437A |
VIVA PRIVILEGE SDN. BHD. |
Shareholder |
- |
40,000.00 |
40.00 |
MYR(155,409.00) |
2012 |
Winding-Up by Member Voluntary |
23/04/2018 |
|
13 |
1128759D |
VIVARON SERVICES(M) SDN. BHD. |
Director |
23/01/2015 |
49,000.00 |
49.00 |
MYR(188,810.00) |
2015 |
- |
23/04/2018 |
FORMER DIRECTOR(S) |
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
LEE KAM FAI |
40 JALAN TIARA 6, MUTIARA BUKIT JALIL, KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA |
780529-06-5163 |
29/12/2006 |
24/12/2010 |
|
CHIN KIM YEE |
29, JALAN PANTAI JERJAK SEBELAS, SUNGAI NIBONG, BAYAN LEPAS,
PULAU PINANG, MALAYSIA |
541213-07-5236 |
05/10/2009 |
13/06/2011 |
|
RAYMOND A/L KOLANDAI |
B-22-4, KENANGA POINT CONDO, JALAN GELUGOR, OFF JALAN SAN PENG,
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
650622-10-6833 |
24/12/2010 |
13/06/2011 |
Note : The above information was generated from our database.
MANAGEMENT |
|
1) |
Name of Subject |
: |
SOO HOO PEI LEE |
|
Position |
: |
DIRECTOR |
AUDITOR |
|
Auditor |
: |
YCS & CO |
|
Auditor' Address |
: |
JALAN PERAK, 10150 GEORGETOWN, PULAU PINANG, MALAYSIA. |
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
MR. LOH SEONG YEW |
|
New IC No |
: |
781108-07-5325 |
|
|
Address |
: |
42G-8, DESA GREEN, JALAN VAN PRAAGH, 11600 PULAU PINANG, PULAU
PINANG, MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MS. FOO YOKE CHENG |
|
IC / PP No |
: |
A3461336 |
|
|
New IC No |
: |
760811-08-5944 |
|
|
Address |
: |
7-16-07, SRI IMPIAN, LENGKOK ANGSANA, BANDAR BARU AYER ITAM,
11500 AYER ITAM, PULAU PINANG, 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 |
02/05/2017 |
LETTER OF SET-OFF |
HONG LEONG BANK 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 |
|
Import Countries |
: |
KOREA |
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 |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS |
|
Goods Traded |
: |
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
2014 |
2013 |
||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
15 |
15 |
15 |
10 |
10 |
||||
|
Branch |
: |
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of chemical
products.
The Subject is a pigment leader in Malaysia especially strong in supporting
coating industry.
The Subject sells pigments and chemicals for printing.
The Subject sells the products according to its customer's orders.
The Subject sells PUD, Pigment Paste, Additives and etc.
The Subject sells the products according to its customers' orders.
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 |
: |
03-78429712 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
NO. 13, JALAN BESTARI 4/KU7 TAMAN 42200 KAPAR SELANGOR |
|
Current Address |
: |
NO 13, JALAN BESTARI 4/KU7, TAMAN PERINDUSTRIAN KAPAR BESTARI,
42200 KAPAR, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
we contacted one of the staff from the Subject and he provided
some information.
The address provided is incomplete.
FINANCIAL ANALYSIS |
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
2.20% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
10.73% |
] |
|
|
The Subject's turnover increased steadily as the demand for its
products / services increased due to the goodwill built up over the years.The
Subject's profit fell sharply because of the high operating costs incurred.
The unfavourable return on shareholders' funds could indicate that the
Subject was inefficient in utilising its assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
35 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
59 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
22 Days |
] |
|
|
The Subject's stocks were moving fast thus reducing its holding
cost. This had reduced funds being tied up in stocks. The Subject's
management was quite efficient in handling its debtors. The Subject's debtors
days were at an acceptable range, thus the risk of its debts turning bad was
minimised. 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 |
: |
Acceptable |
[ |
0.87 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.25 Times |
] |
|
|
The Subject's liquid ratio was slightly low. This could indicate
that the Subject's working capital was slightly deficient. The Subject will
have to improve its liquidity position either by obtaining short term
financing or increase its paid up capital so that it can meet all its short
term obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
2.38 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.64 Times |
] |
|
|
The Subject's interest cover was low. If its profits fall or
when interest rate rises, it may not be able to meet all its interest
payment. The Subject was lowly geared thus it had a low financial risk. The
Subject was mainly financed by its shareholders' funds and internally
generated funds. In times of economic slowdown / downturn, the Subject being
a lowly geared company, will be able to compete better than those companies
which are highly geared in the same industry. |
||||||
|
Overall Assessment : |
||||||
|
Although the Subject's turnover had increased, its profits had
declined over the same corresponding period. This could be due to the stiffer
market competition and / or higher operating costs which lowered the
Subject's profit margin. The Subject's liquidity was at an acceptable range.
If the Subject is able to obtain further short term financing, it should be
able to meet all its short term obligations. If there is a fall in the
Subject's profit or any increase in interest rate, the Subject may not be
able to generate sufficient cash-flow to service its interest. The Subject as
a lowly geared company, will be more secured compared to those highly geared
companies. It has the ability to meet all its long term obligations. |
||||||
|
Overall financial condition of the Subject : LIMITED |
||||||
MALAYSIA ECONOMIC / INDUSTRY OUTLOOK |
|
Major Economic Indicators: |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Population ( Million) |
30.0 |
31.0 |
31.6 |
32.1 |
32.9 |
|
Gross Domestic Products ( % ) |
6.0 |
4.6 |
4.2 |
5.3 |
5.4 |
|
Domestic Demand ( % ) |
6.4 |
6.2 |
4.3 |
6.3 |
6.4 |
|
Private Expenditure ( % ) |
7.9 |
6.9 |
7.8 |
7.4 |
7.3 |
|
Consumption ( % ) |
6.5 |
6.1 |
5.1 |
6.9 |
6.8 |
|
Investment ( % ) |
12.0 |
8.1 |
10.0 |
9.3 |
8.9 |
|
Public Expenditure ( % ) |
2.3 |
4.2 |
3.3 |
5.3 |
5.5 |
|
Consumption ( % ) |
2.1 |
4.3 |
2.0 |
2.7 |
1.3 |
|
Investment ( % ) |
2.6 |
(1.0) |
1.1 |
3.4 |
3.8 |
|
Balance of Trade ( MYR Million ) |
82,480 |
91,577 |
88,145 |
94,593 |
96,993 |
|
Government Finance ( MYR Million ) |
(37,414) |
(37,194) |
(38,401) |
(39,887) |
(39,790) |
|
Government Finance to GDP / Fiscal Deficit ( % ) |
(3.4) |
(3.2) |
(3.1) |
(3.0) |
(2.8) |
|
Inflation ( % Change in Composite CPI) |
3.2 |
4.0 |
2.1 |
3.5 |
3.0 |
|
Unemployment Rate |
2.9 |
3.1 |
3.4 |
3.4 |
3.3 |
|
Net International Reserves ( MYR Billion ) |
428 |
441 |
451 |
450 |
423 |
|
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 |
19,588 |
18,227 |
- |
|
Individual Bankruptcy ( % ) |
1.7 |
(17.4) |
6.1 |
(7.0) |
- |
|
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 |
|
|
46691 : Wholesale of industrial chemicals |
|
|
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 |
|
|
Financials
|
PROFIT AND LOSS ACCOUNT |
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH
MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
FOCUS PIGMENT 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 |
28,315,906 |
16,269,690 |
8,013,931 |
10,658,458 |
7,034,874 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
28,315,906 |
16,269,690 |
8,013,931 |
10,658,458 |
7,034,874 |
|
Costs of Goods Sold |
(25,145,954) |
(14,248,875) |
(7,042,849) |
(9,802,730) |
(6,162,852) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
3,169,952 |
2,020,815 |
971,082 |
855,728 |
872,022 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
125,857 |
243,643 |
(31,620) |
92,183 |
104,439 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
125,857 |
243,643 |
(31,620) |
92,183 |
104,439 |
|
Taxation |
(81,376) |
(24,900) |
(24,823) |
(26,656) |
(19,752) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
44,481 |
218,743 |
(56,443) |
65,527 |
84,687 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
329,510 |
110,767 |
167,210 |
101,683 |
16,996 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
329,510 |
110,767 |
167,210 |
101,683 |
16,996 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
373,991 |
329,510 |
110,767 |
167,210 |
101,683 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
373,991 |
329,510 |
110,767 |
167,210 |
101,683 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Bankers' acceptance |
41,965 |
18,276 |
- |
- |
- |
|
Hire purchase |
- |
3,506 |
2,845 |
2,933 |
- |
|
Lease interest |
7,960 |
- |
- |
- |
- |
|
Term loan / Borrowing |
5,023 |
1 |
1 |
2,476 |
23,708 |
|
Trust receipts |
36,283 |
- |
- |
- |
- |
|
Others |
- |
- |
- |
4 |
56,300 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
91,231 |
21,783 |
2,846 |
5,413 |
80,008 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
98,211 |
44,841 |
16,567 |
16,157 |
4,741 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
98,211 |
44,841 |
16,567 |
16,157 |
4,741 |
|
============= |
============= |
============= |
============= |
============= |
|
BALANCE SHEET |
|
FOCUS PIGMENT SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
675,460 |
237,587 |
105,872 |
115,891 |
19,957 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
675,460 |
237,587 |
105,872 |
115,891 |
19,957 |
|
CURRENT ASSETS |
|||||
|
Stocks |
2,708,191 |
1,926,264 |
1,460,917 |
280,621 |
571,981 |
|
Trade debtors |
4,539,043 |
4,654,627 |
2,072,213 |
1,756,185 |
1,362,186 |
|
Other debtors, deposits & prepayments |
616,780 |
872,487 |
94,747 |
40,587 |
135,567 |
|
Short term deposits |
- |
- |
102,360 |
101,524 |
100,716 |
|
Amount due from director |
- |
- |
- |
- |
258,087 |
|
Cash & bank balances |
1,127,950 |
115,725 |
297,713 |
53,440 |
65,307 |
|
Others |
17,573 |
3,036 |
5,324 |
5,707 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
9,009,537 |
7,572,139 |
4,033,274 |
2,238,064 |
2,493,844 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
9,684,997 |
7,809,726 |
4,139,146 |
2,353,955 |
2,513,801 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
1,525,930 |
3,102,222 |
2,261,429 |
1,223,349 |
339,849 |
|
Other creditors & accruals |
3,354,510 |
595,157 |
649,711 |
49,945 |
1,073,412 |
|
Hire purchase & lease creditors |
24,551 |
22,913 |
11,386 |
10,850 |
- |
|
Short term borrowings/Term loans |
10,223 |
- |
- |
- |
- |
|
Other borrowings |
- |
- |
- |
- |
342,978 |
|
Bill & acceptances payable |
826,000 |
- |
- |
- |
- |
|
Amounts owing to director |
30,080 |
753,620 |
413,603 |
198,122 |
- |
|
Provision for taxation |
- |
- |
- |
- |
3,659 |
|
Other liabilities |
1,444,462 |
1,241,424 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
7,215,756 |
5,715,336 |
3,336,129 |
1,482,266 |
1,759,898 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
1,793,781 |
1,856,803 |
697,145 |
755,798 |
733,946 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Long term loans |
355,986 |
- |
- |
- |
- |
|
Lease obligations |
81,485 |
108,014 |
- |
- |
- |
|
Hire purchase creditors |
- |
- |
37,560 |
49,785 |
- |
|
Deferred taxation |
7,779 |
6,866 |
4,690 |
4,694 |
2,220 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
445,250 |
114,880 |
42,250 |
54,479 |
2,220 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
2,023,991 |
1,979,510 |
760,767 |
817,210 |
751,683 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
1,500,000 |
1,500,000 |
500,000 |
500,000 |
500,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,500,000 |
1,500,000 |
500,000 |
500,000 |
500,000 |
|
RESERVES |
|||||
|
Share premium |
150,000 |
150,000 |
150,000 |
150,000 |
150,000 |
|
Retained profit/(loss) carried forward |
373,991 |
329,510 |
110,767 |
167,210 |
101,683 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
523,991 |
479,510 |
260,767 |
317,210 |
251,683 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
2,023,991 |
1,979,510 |
760,767 |
817,210 |
751,683 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCIAL RATIO |
|
FOCUS PIGMENT SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
1,127,950 |
115,725 |
400,073 |
154,964 |
166,023 |
|
Net Liquid Funds |
301,950 |
115,725 |
400,073 |
154,964 |
166,023 |
|
Net Liquid Assets |
(914,410) |
(69,461) |
(763,772) |
475,177 |
161,965 |
|
Net Current Assets/(Liabilities) |
1,793,781 |
1,856,803 |
697,145 |
755,798 |
733,946 |
|
Net Tangible Assets |
2,023,991 |
1,979,510 |
760,767 |
817,210 |
751,683 |
|
Net Monetary Assets |
(1,359,660) |
(184,341) |
(806,022) |
420,698 |
159,745 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
217,088 |
265,426 |
(28,774) |
97,596 |
184,447 |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
315,299 |
310,267 |
(12,207) |
113,753 |
189,188 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
1,298,245 |
130,927 |
48,946 |
60,635 |
342,978 |
|
Total Liabilities |
7,661,006 |
5,830,216 |
3,378,379 |
1,536,745 |
1,762,118 |
|
Total Assets |
9,684,997 |
7,809,726 |
4,139,146 |
2,353,955 |
2,513,801 |
|
Net Assets |
2,023,991 |
1,979,510 |
760,767 |
817,210 |
751,683 |
|
Net Assets Backing |
2,023,991 |
1,979,510 |
760,767 |
817,210 |
751,683 |
|
Shareholders' Funds |
2,023,991 |
1,979,510 |
760,767 |
817,210 |
751,683 |
|
Total Share Capital |
1,500,000 |
1,500,000 |
500,000 |
500,000 |
500,000 |
|
Total Reserves |
523,991 |
479,510 |
260,767 |
317,210 |
251,683 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
74.04 |
103.02 |
(24.81) |
51.51 |
16.46 |
|
Proft/(Loss) Before Tax |
(48.34) |
870.53 |
(134.30) |
(11.74) |
389.30 |
|
Proft/(Loss) After Tax |
(79.67) |
487.55 |
(186.14) |
(22.62) |
312.79 |
|
Total Assets |
24.01 |
88.68 |
75.84 |
(6.36) |
(12.71) |
|
Total Liabilities |
31.40 |
72.57 |
119.84 |
(12.79) |
(20.36) |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.16 |
0.02 |
0.12 |
0.10 |
0.09 |
|
Liquid Ratio |
0.87 |
0.99 |
0.77 |
1.32 |
1.09 |
|
Current Ratio |
1.25 |
1.32 |
1.21 |
1.51 |
1.42 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
35 |
43 |
67 |
10 |
30 |
|
Debtors Ratio |
59 |
104 |
94 |
60 |
71 |
|
Creditors Ratio |
22 |
79 |
117 |
46 |
20 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0.64 |
0.07 |
0.06 |
0.07 |
0.46 |
|
Liabilities Ratio |
3.79 |
2.95 |
4.44 |
1.88 |
2.34 |
|
Times Interest Earned Ratio |
2.38 |
12.19 |
(10.11) |
18.03 |
2.31 |
|
Assets Backing Ratio |
1.35 |
1.32 |
1.52 |
1.63 |
1.50 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
0.44 |
1.50 |
(0.39) |
0.86 |
1.48 |
|
Net Profit Margin |
0.16 |
1.34 |
(0.70) |
0.61 |
1.20 |
|
Return On Net Assets |
10.73 |
13.41 |
(3.78) |
11.94 |
24.54 |
|
Return On Capital Employed |
8.71 |
12.54 |
(3.53) |
11.06 |
24.47 |
|
Return On Shareholders' Funds/Equity |
2.20 |
11.05 |
(7.42) |
8.02 |
11.27 |
|
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 68.02 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
|
MYR |
1 |
INR 15.04 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KET |
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.