|
|
|
MIRA INFORM REPORT
|
Report No. : |
510371 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KROMNICKEL SDN. BHD. |
|
|
|
|
Registered Office : |
No. 21 (1st Floor), Jalan Chew Boon Juan, 30250 Ipoh, Perak |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
26.06.2002 |
|
|
|
|
Com. Reg. No.: |
584253-P |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the trading of stainless steel
products, clay. |
|
|
|
|
No. of Employees : |
7 [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 : |
Unknown |
|
|
|
|
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. |
: |
584253-P |
||||
|
GST NO. |
: |
000604483584 |
||||
|
COMPANY NAME |
: |
KROMNICKEL SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
26/06/2002 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
NO. 21(1ST FLOOR), JALAN CHEW BOON JUAN, 30250 IPOH, PERAK, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
10A, LINTASAN PERAJURIT 6, IPOH GARDEN EAST, 31400 IPOH, PERAK,
MALAYSIA. |
||||
|
TEL.NO. |
: |
05-5464539 |
||||
|
FAX.NO. |
: |
05-5464541 |
||||
|
WEB SITE |
: |
KROMNICKEL.COM/ |
||||
|
CONTACT PERSON |
: |
DHEER SINGH A/L TAHIL SINGH. ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46621 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF STAINLESS STEEL PRODUCTS, CLAY |
||||
|
AUTHORISED CAPITAL |
: |
MYR 500,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 300,000.00 DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
7 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
Unknown |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
HIGH |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
HISTORY
/ BACKGROUND
|
The Subject is an exempt private company which is allowed to have a
minimum of two and a maximum of twenty shareholders and all the shareholders
must be individuals. An exempt company is a type of private limited company. 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, suing or be sued by other companies. The Subject is governed by the
Companies Act, 1965 and must file in its annual return. The Subject need not
file in its financial statements but it has to file in a document duly signed
by its director in charge of its finance, the secretary and its auditor stating
that the Subject is able to meet all its obligations as and when they fall due.
Although the Subject is not required to file in its financial statements, it
also has to prepare its financial account which must be presented at the Annual
General Meeting.
The Subject is principally engaged in the (as a / as an) trading of
stainless steel products, clay.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
17A, JALAN DATO HAJI MEGAT KHAS, TAMAN BANDARAYA UTAMA, 31400, PERAK,
MALAYSIA |
07/10/2009 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
31/12/2015 |
MYR 500,000.00 |
MYR 300,000.00 |
|
26/06/2002 |
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. DHEER SINGH A/L TAHIL SINGH. + |
NO.19,JALAN EMAS SD5/1A, SRI DAMANSARA, KEPONG K.L, 52200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
521111-08-6139 8095280 |
150,000.00 |
50.00 |
|
MS. BAKSHISH KAUR A/P KARAM SING + |
NO. 12 JALAN TAMAN KINTA, CHATEAU GARDEN, 30250 IPOH, PERAK, MALAYSIA. |
590524-08-5600 5656715 |
150,000.00 |
50.00 |
|
--------------- |
------ |
|||
|
300,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. DHEER SINGH A/L TAHIL SINGH. |
|
Address |
: |
NO.19,JALAN EMAS SD5/1A, SRI DAMANSARA, KEPONG K.L, 52200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
8095280 |
|
New IC No |
: |
521111-08-6139 |
|
Date of Birth |
: |
11/11/1952 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
26/06/2002 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
584253P |
KROMNICKEL SDN. BHD. |
Director |
26/06/2002 |
150,000.00 |
50.00 |
MYR(15,276.00) |
2014 |
- |
23/04/2018 |
|
2 |
1171147H |
SERTA MINERALS SDN. BHD. |
Director |
05/01/2016 |
1.00 |
50.00 |
MYR(5,895.00) |
2017 |
- |
23/04/2018 |
|
3 |
989737A |
UPSO FOUNDATION |
Director |
08/05/2012 |
0.00 |
- |
N/A |
2016 |
- |
23/04/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
MS. BAKSHISH KAUR A/P KARAM SING |
|
Address |
: |
NO. 12 JALAN TAMAN KINTA, CHATEAU GARDEN, 30250 IPOH, PERAK, MALAYSIA. |
|
IC / PP No |
: |
5656715 |
|
New IC No |
: |
590524-08-5600 |
|
Date of Birth |
: |
24/05/1959 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
26/06/2002 |
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 |
1138006X |
ALLIED MINERAL RESOURCES SDN. BHD. |
Director |
31/03/2015 |
1.00 |
50.00 |
MYR(2,936.00) |
2016 |
- |
23/04/2018 |
|
2 |
584253P |
KROMNICKEL SDN. BHD. |
Director |
26/06/2002 |
150,000.00 |
50.00 |
MYR(15,276.00) |
2014 |
- |
23/04/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
IP0377054T |
BFIRXT |
SOLE PROPRIETORSHIP |
12/10/2012 |
100.00 |
Expired |
23/04/2018 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
DHEER SINGH A/L TAHIL SINGH. |
|
Position |
: |
DIRECTOR |
|
|
|
|
|
|
AUDITOR
|
|
Auditor |
: |
T.H.YEW & CO |
|
Auditor' Address |
: |
N/A |
|
|
|
|
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MR. CHAN YAU LIN |
|
IC / PP No |
: |
A1751143 |
|
|
New IC No |
: |
701105-08-5517 |
|
|
Address |
: |
74, PERSIARAN TASEK TIMUR 16, TAMAN BERCHAM, 31400 IPOH, PERAK,
MALAYSIA. |
|
|
|
|
|
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
OCBC BANK (MALAYSIA) BHD |
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
15/09/2006 |
N/A |
OCBC BANK (MALAYSIA) BERHAD |
- |
Unsatisfied |
|
001 |
15/09/2006 |
N/A |
OCBC BANK (MALAYSIA) BHD |
- |
Unsatisfied |
|
2 |
23/02/2007 |
CASH DEPOSIT AGREEMENT |
OCBC BANK (MALAYSIA) BERHAD |
- |
Unsatisfied |
|
002 |
23/02/2007 |
N/A |
OCBC BANK (MALAYSIA) BHD |
- |
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 |
: |
INDIA,UNITED STATES,TAIWAN |
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
STAINLESS STEEL PRODUCTS, CLAY |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2016 |
2015 |
||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
7 |
5 |
5 |
||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of stainless
steel products, clay.
The Subject is a private limited company engaged in the business of Trading,
stocking and distribution of stainless steel products.
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 |
: |
00 605 5464 539, 5467 539 |
|
Current Telephone Number |
: |
05-5464539 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
NO. 10 A, LINTASAN PERAJURIT 6, IPOH GARDEN EAST, 31400 IPOH PERAK
MALAYSIA |
|
Current Address |
: |
10A, LINTASAN PERAJURIT 6, IPOH GARDEN EAST, 31400 IPOH, PERAK,
MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
NO |
|
|
||
Other Investigations
We have contacted one of the staff from the Subject and she provided some
information.
The contact number provided at 055467539 is not answered.
FINANCIAL
ANALYSIS
|
|
The Subject is a private exempt company which does not need to file in
its accounts with the Registrar of Companies for the information of the
public. Therefore, we are not able to comment on the Subject's 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 ) |
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 |
|
|
46621 : Wholesale of ferrous and non-ferrous metal ores and metals |
|
|
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) |
|
KROMNICKEL SDN. BHD. |
Note : The Subject is an Exempt Private Company and it is not required
by law to file its financials for public view. The below financials are the
last financial that submitted by the Subject to the Registrar before changed to
Exempt Private Company.
|
Financial Year
End |
2014-06-30 |
2013-06-30 |
2012-06-30 |
2011-06-30 |
2010-06-30 |
|
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 |
2,829,039 |
2,460,702 |
5,566,636 |
5,660,851 |
11,563,580 |
|
Other Income |
1,754 |
19,078 |
112,362 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
2,830,793 |
2,479,780 |
5,678,998 |
5,660,851 |
11,563,580 |
|
Costs of Goods Sold |
(2,395,495) |
(1,863,392) |
(5,315,827) |
(5,264,253) |
(10,958,854) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
435,298 |
616,388 |
363,171 |
396,598 |
604,726 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
6,299 |
178,480 |
(77,934) |
(71,615) |
60,883 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
6,299 |
178,480 |
(77,934) |
(71,615) |
60,883 |
|
Taxation |
(21,575) |
(35,779) |
0 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(15,276) |
142,701 |
(77,934) |
(71,615) |
60,883 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
155,943 |
363,242 |
441,176 |
512,791 |
451,908 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
155,943 |
363,242 |
441,176 |
512,791 |
451,908 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
140,667 |
505,943 |
363,242 |
441,176 |
512,791 |
|
DIVIDENDS - Ordinary (paid & proposed) |
- |
(350,000) |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
140,667 |
155,943 |
363,242 |
441,176 |
512,791 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Bank overdraft |
4,099 |
4,625 |
- |
- |
- |
|
Bankers' acceptance |
28,648 |
25,456 |
- |
- |
- |
|
Hire purchase |
5,960 |
7,394 |
- |
- |
- |
|
Others |
- |
- |
15,291 |
7,836 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
38,707 |
37,475 |
15,291 |
7,836 |
- |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
69,440 |
70,912 |
76,261 |
62,727 |
62,583 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
69,440 |
70,912 |
76,261 |
62,727 |
62,583 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE
SHEET
|
|
KROMNICKEL SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
40,638 |
110,078 |
180,990 |
179,478 |
236,305 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
40,638 |
110,078 |
180,990 |
179,478 |
236,305 |
|
CURRENT ASSETS |
|||||
|
Trade debtors |
405,350 |
191,066 |
292,203 |
827,349 |
469,615 |
|
Other debtors, deposits & prepayments |
9,388 |
2,830 |
2,830 |
- |
- |
|
Short term deposits |
- |
- |
- |
2,830 |
2,830 |
|
Amount due from related companies |
16,746 |
16,746 |
16,746 |
16,746 |
16,746 |
|
Amount due from director |
416,796 |
352,543 |
662,542 |
541,378 |
353,293 |
|
Cash & bank balances |
184,560 |
210,613 |
59,110 |
119,016 |
155,711 |
|
Others |
95,159 |
76,504 |
76,533 |
61,115 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
1,127,999 |
850,302 |
1,109,964 |
1,568,434 |
998,195 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
1,168,637 |
960,380 |
1,290,954 |
1,747,912 |
1,234,500 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
596,353 |
277,584 |
410,591 |
353,537 |
241,406 |
|
Other creditors & accruals |
24,626 |
14,088 |
13,371 |
16,602 |
21,022 |
|
Hire purchase & lease creditors |
27,048 |
25,708 |
24,322 |
18,202 |
17,268 |
|
Bank overdraft |
- |
80,067 |
46,067 |
- |
- |
|
Short term borrowings/Term loans |
- |
- |
- |
519,252 |
- |
|
Provision for taxation |
- |
- |
- |
- |
24,668 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
648,027 |
397,447 |
494,351 |
907,593 |
304,364 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
479,972 |
452,855 |
615,613 |
660,841 |
693,831 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Hire purchase creditors |
79,943 |
106,990 |
133,361 |
99,143 |
117,345 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
79,943 |
106,990 |
133,361 |
99,143 |
117,345 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
440,667 |
455,943 |
663,242 |
741,176 |
812,791 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
300,000 |
300,000 |
300,000 |
300,000 |
300,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
300,000 |
300,000 |
300,000 |
300,000 |
300,000 |
|
RESERVES |
|||||
|
Retained profit/(loss) carried forward |
140,667 |
155,943 |
363,242 |
441,176 |
512,791 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
140,667 |
155,943 |
363,242 |
441,176 |
512,791 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
440,667 |
455,943 |
663,242 |
741,176 |
812,791 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL
RATIO
|
|
KROMNICKEL SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
184,560 |
210,613 |
59,110 |
121,846 |
158,541 |
|
Net Liquid Funds |
184,560 |
130,546 |
13,043 |
121,846 |
158,541 |
|
Net Liquid Assets |
479,972 |
452,855 |
615,613 |
660,841 |
693,831 |
|
Net Current Assets/(Liabilities) |
479,972 |
452,855 |
615,613 |
660,841 |
693,831 |
|
Net Tangible Assets |
440,667 |
455,943 |
663,242 |
741,176 |
812,791 |
|
Net Monetary Assets |
400,029 |
345,865 |
482,252 |
561,698 |
576,486 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
45,006 |
215,955 |
(62,643) |
(63,779) |
60,883 |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
114,446 |
286,867 |
13,618 |
(1,052) |
123,466 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
106,991 |
212,765 |
203,750 |
636,597 |
134,613 |
|
Total Liabilities |
727,970 |
504,437 |
627,712 |
1,006,736 |
421,709 |
|
Total Assets |
1,168,637 |
960,380 |
1,290,954 |
1,747,912 |
1,234,500 |
|
Net Assets |
440,667 |
455,943 |
663,242 |
741,176 |
812,791 |
|
Net Assets Backing |
440,667 |
455,943 |
663,242 |
741,176 |
812,791 |
|
Shareholders' Funds |
440,667 |
455,943 |
663,242 |
741,176 |
812,791 |
|
Total Share Capital |
300,000 |
300,000 |
300,000 |
300,000 |
300,000 |
|
Total Reserves |
140,667 |
155,943 |
363,242 |
441,176 |
512,791 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
14.97 |
(55.80) |
(1.66) |
(51.05) |
133.49 |
|
Proft/(Loss) Before Tax |
(96.47) |
329.01 |
(8.82) |
(217.63) |
214.66 |
|
Proft/(Loss) After Tax |
(110.70) |
283.10 |
(8.82) |
(217.63) |
244.20 |
|
Total Assets |
21.68 |
(25.61) |
(26.14) |
41.59 |
(18.98) |
|
Total Liabilities |
44.31 |
(19.64) |
(37.65) |
138.73 |
(50.88) |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.28 |
0.53 |
0.12 |
0.13 |
0.52 |
|
Liquid Ratio |
1.74 |
2.14 |
2.25 |
1.73 |
3.28 |
|
Current Ratio |
1.74 |
2.14 |
2.25 |
1.73 |
3.28 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
0 |
0 |
0 |
0 |
0 |
|
Debtors Ratio |
52 |
28 |
19 |
53 |
15 |
|
Creditors Ratio |
91 |
54 |
28 |
25 |
8 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0.24 |
0.47 |
0.31 |
0.86 |
0.17 |
|
Liabilities Ratio |
1.65 |
1.11 |
0.95 |
1.36 |
0.52 |
|
Times Interest Earned Ratio |
1.16 |
5.76 |
(4.10) |
(8.14) |
0 |
|
Assets Backing Ratio |
1.47 |
1.52 |
2.21 |
2.47 |
2.71 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
0.22 |
7.25 |
(1.40) |
(1.27) |
0.53 |
|
Net Profit Margin |
(0.54) |
5.80 |
(1.40) |
(1.27) |
0.53 |
|
Return On Net Assets |
10.21 |
47.36 |
(9.44) |
(8.61) |
7.49 |
|
Return On Capital Employed |
8.22 |
32.29 |
(7.23) |
(7.43) |
6.43 |
|
Return On Shareholders' Funds/Equity |
(3.47) |
31.30 |
(11.75) |
(9.66) |
7.49 |
|
Dividend Pay Out Ratio (Times) |
0 |
2.45 |
0 |
0 |
0 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.21 |
|
|
1 |
INR 91.43 |
|
Euro |
1 |
INR 80.24 |
|
MYR |
1 |
INR 15.04 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TPT |
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.