|
|
|
MIRA INFORM REPORT
|
Report No. : |
511343 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
EASTERN DECORATOR SDN. BHD. |
|
|
|
|
Registered Office : |
Lot 55992, Batu 5, Off Jalan Tunku Abdul Rahman, 31200 Ipoh, Perak |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation : |
29.01.1974 |
|
|
|
|
Com. Reg. No.: |
17263-D |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Trading of Bedding Accessories, Home Textile Products. |
|
|
|
|
No. of Employees : |
250 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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. |
: |
17263-D |
||||
|
GST
NO. |
: |
001492090880 |
||||
|
COMPANY
NAME |
: |
EASTERN
DECORATOR SDN. BHD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
29/01/1974 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
LOT
55992, BATU 5, OFF JALAN TUNKU ABDUL RAHMAN, 31200 IPOH, PERAK, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
LOT
55992, BATU 5, OFF JALAN TUNKU ABDUL RAHMAN, 31200 IPOH, PERAK, MALAYSIA. |
||||
|
TEL.NO. |
: |
05-2922933 |
||||
|
FAX.NO. |
: |
05-29223009 |
||||
|
EMAIL |
: |
EADECO@EADECO.COM.MY |
||||
|
WEB
SITE |
: |
WWW.EASTERNDECORATOR.COM |
||||
|
CONTACT
PERSON |
: |
KOAY
CHIM SEN ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
46419
|
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF BEDDING ACCESSORIES, HOME TEXTILE PRODUCTS. |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
100,000,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
75,040,800.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
205,726,993 [2017] |
||||
|
NET
WORTH |
: |
MYR
176,245,278 [2017] |
||||
|
STAFF
STRENGTH |
: |
250
[2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
AVERAGE |
||||
|
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 bedding accessories, home textile products..
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former
Address(es)
|
Address |
As At Date |
|
183,
JALAN SULTAN ISKANDAR, 80000, JOHOR, MALAYSIA |
13/01/2008 |
Share Capital History
|
Date |
Authorised Shared
Capital |
Issue & Paid Up
Capital |
|
13/04/2013 |
MYR
100,000,000.00 |
MYR
75,040,800.00 |
|
18/07/2007 |
MYR
50,000,000.00 |
MYR
25,013,600.00 |
|
06/10/2000 |
MYR
50,000,000.00 |
MYR
12,506,800.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MS.
CHIN FONG GNOH + |
20,
JALAN KELAB GOLF, 30350 IPOH, PERAK, MALAYSIA. |
440909-07-5290 |
191,955.00 |
25.58 |
|
MR.
KOAY CHIM SEN + |
20,
JALAN KELAB GOLF, 30350 IPOH, PERAK, MALAYSIA. |
660824-07-5165 |
157,566.00 |
21.00 |
|
KOAY
GRAY SEN + |
11,
MEDAN CANNING, IPOH GARDEN, 31400 IPOH, PERAK, MALAYSIA. |
E6134196H |
90,054.00 |
12.00 |
|
MS.
KOAY SUI SEN + |
20,
JALAN KELAB GOLF, 30350 IPOH, PERAK, MALAYSIA. |
670922-07-5694
A0843038 |
90,054.00 |
12.00 |
|
MR.
KOAY ROB SEN + |
31,
JALAN SG. BATU, 34900 PANTAI REMIS, PERAK, MALAYSIA. |
860629-38-6693 |
90,054.00 |
12.00 |
|
MS.
KOAY SIM SEN + |
79,
JALAN CANNING ESTATE, IPOH GARDEN, 31400 IPOH, PERAK, MALAYSIA. |
730907-08-6290 |
90,054.00 |
12.00 |
|
KOAY
CHEN CHON-CHUEN |
31,
TAMAN BINTANG INDAH, 34900 PANTAI REMIS, PERAK, MALAYSIA. |
305693986 |
40,671.00 |
5.42 |
|
--------------- |
------ |
|||
|
750,408.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
Former
Shareholder(s) :
|
Name |
Country |
IC/PP/Loc
No |
Shareholding |
Last
Updated |
|
KOAY
EAN CHIM |
MALAYSIA |
410807-07-5233 |
N/A |
16/08/2013 |
The
Subject's interest in other companies (Subsidiaries/Associates) are shown as
follow :
Local
No |
Country |
Company |
Status |
(%) |
As
At |
|
823710H |
MALAYSIA |
EADEMINE
SDN. BHD. |
- |
100.00 |
23/04/2018 |
|
716556P |
MALAYSIA |
EADEPRO
SDN BHD |
- |
100.00 |
23/04/2018 |
|
757356W |
MALAYSIA |
EADESS
SDN. BHD. |
- |
100.00 |
23/04/2018 |
|
1211556U |
MALAYSIA |
ISG
ASSETS MANAGEMENT SDN. BHD. |
- |
100.00 |
23/04/2018 |
|
567056K |
MALAYSIA |
NEWMAN
DEVELOPMENT SDN. BHD. |
- |
100.00 |
23/04/2018 |
|
883578P |
MALAYSIA |
SWISS
DESIGNS SDN. BHD. |
- |
100.00 |
23/04/2018 |
DIRECTORS
DIRECTOR
1
|
Name
Of Subject |
: |
MS.
KOAY SUI SEN |
|
Address |
: |
20,
JALAN KELAB GOLF, 30350 IPOH, PERAK, MALAYSIA. |
|
Other
Address(es) |
: |
11,
SELASAR CANNING, IPOH GARDEN, 31400 IPOH, PERAK, MALAYSIA. |
|
IC
/ PP No |
: |
A0843038 |
|
New
IC No |
: |
670922-07-5694 |
|
Date
of Birth |
: |
22/09/1967 |
|
Nationality |
: |
MALAYSIAN |
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 |
1258105D |
AKEMI
(M) SDN. BHD. |
Director |
30/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
2 |
1257790W |
AKEMI
INTERNATIONAL SDN. BHD. |
Director |
28/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
3 |
200413885M |
EADECO
(SINGAPORE) PTE. LTD. |
Director |
27/10/2004 |
198,750.00 |
15.63 |
SGD564,730.00 |
2016 |
- |
07/02/2018 |
|
4 |
185678A |
EADECO
SDN. BHD. |
Director |
18/08/1989 |
3,472,320.00 |
15.23 |
MYR5,616,014.00 |
2017 |
- |
23/04/2018 |
|
5 |
823710H |
EADEMINE
SDN. BHD. |
Director |
16/12/2011 |
0.00 |
- |
MYR(4,102.00) |
2017 |
- |
23/04/2018 |
|
6 |
1075154U |
EADEPRO
REALTY SDN. BHD. |
Director |
23/12/2013 |
0.00 |
- |
MYR3,390,940.00 |
2017 |
- |
23/04/2018 |
|
7 |
723209U |
EADEPRO
RESIDENCE SDN. BHD. |
Director |
29/05/2015 |
0.00 |
- |
MYR(5,883.00) |
2017 |
- |
23/04/2018 |
|
8 |
716556P |
EADEPRO
SDN BHD |
Director |
30/11/2005 |
0.00 |
- |
MYR195,050.00 |
2017 |
- |
23/04/2018 |
|
9 |
757356W |
EADESS
SDN. BHD. |
Director |
22/12/2006 |
0.00 |
- |
MYR(173,768.00) |
2017 |
- |
23/04/2018 |
|
10 |
17263D |
EASTERN
DECORATOR SDN. BHD. |
Director |
- |
90,054.00 |
12.00 |
MYR16,086,945.00 |
2017 |
- |
23/04/2018 |
|
11 |
291947U |
EASTERN
FIBRE INDUSTRIES SDN. BHD. |
Director |
- |
17,500.00 |
17.50 |
MYR(6,247.00) |
2017 |
- |
23/04/2018 |
|
12 |
1242890V |
ED
(FACTORY OUTLET) SDN. BHD. |
Director |
14/08/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
13 |
1260751H |
ED
RETAIL MANAGEMENT SDN. BHD. |
Director |
20/12/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
14 |
1211556U |
ISG
ASSETS MANAGEMENT SDN. BHD. |
Director |
06/12/2016 |
0.00 |
- |
MYR(6,900.00) |
2017 |
- |
23/04/2018 |
|
15 |
883578P |
SWISS
DESIGNS SDN. BHD. |
Director |
03/05/2011 |
0.00 |
- |
MYR1,837,730.00 |
2017 |
- |
23/04/2018 |
DIRECTOR
2
|
Name
Of Subject |
: |
KOAY
GRAY SEN |
|
Address |
: |
11,
MEDAN CANNING, IPOH GARDEN, 31400 IPOH, PERAK, MALAYSIA. |
|
IC
/ PP No |
: |
E6134196H |
|
Date
of Birth |
: |
05/04/1977 |
|
Date
of Appointment |
: |
01/09/2001 |
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 |
1258105D |
AKEMI
(M) SDN. BHD. |
Director |
30/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
2 |
1257790W |
AKEMI
INTERNATIONAL SDN. BHD. |
Director |
28/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
3 |
185678A |
EADECO
SDN. BHD. |
Director |
15/09/2001 |
3,472,320.00 |
15.23 |
MYR5,616,014.00 |
2017 |
- |
23/04/2018 |
|
4 |
1075154U |
EADEPRO
REALTY SDN. BHD. |
Director |
28/07/2015 |
0.00 |
- |
MYR3,390,940.00 |
2017 |
- |
23/04/2018 |
|
5 |
723209U |
EADEPRO
RESIDENCE SDN. BHD. |
Director |
02/02/2018 |
0.00 |
- |
MYR(5,883.00) |
2017 |
- |
23/04/2018 |
|
6 |
716556P |
EADEPRO
SDN BHD |
Director |
28/07/2015 |
0.00 |
- |
MYR195,050.00 |
2017 |
- |
23/04/2018 |
|
7 |
757356W |
EADESS
SDN. BHD. |
Director |
22/12/2006 |
0.00 |
- |
MYR(173,768.00) |
2017 |
- |
23/04/2018 |
|
8 |
17263D |
EASTERN
DECORATOR SDN. BHD. |
Director |
01/09/2001 |
90,054.00 |
12.00 |
MYR16,086,945.00 |
2017 |
- |
23/04/2018 |
|
9 |
1260751H |
ED
RETAIL MANAGEMENT SDN. BHD. |
Director |
20/12/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
10 |
1211556U |
ISG
ASSETS MANAGEMENT SDN. BHD. |
Director |
06/12/2016 |
0.00 |
- |
MYR(6,900.00) |
2017 |
- |
23/04/2018 |
|
11 |
883578P |
SWISS
DESIGNS SDN. BHD. |
Director |
03/05/2011 |
0.00 |
- |
MYR1,837,730.00 |
2017 |
- |
23/04/2018 |
DIRECTOR
3
|
Name
Of Subject |
: |
MS.
KOAY SIM SEN |
|
Address |
: |
79,
JALAN CANNING ESTATE, IPOH GARDEN, 31400 IPOH, PERAK, MALAYSIA. |
|
Other
Address(es) |
: |
11,
MEDAN CANNING, IPOH GARDEN, 31400 IPOH, PERAK, MALAYSIA. |
|
New
IC No |
: |
730907-08-6290 |
|
Date
of Birth |
: |
07/09/1973 |
|
Nationality |
: |
MALAYSIAN |
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 |
1258105D |
AKEMI
(M) SDN. BHD. |
Director |
30/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
2 |
1257790W |
AKEMI
INTERNATIONAL SDN. BHD. |
Director |
28/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
3 |
200413885M |
EADECO
(SINGAPORE) PTE. LTD. |
Director |
27/10/2004 |
198,750.00 |
15.63 |
SGD564,730.00 |
2016 |
- |
07/02/2018 |
|
4 |
185678A |
EADECO
SDN. BHD. |
Director |
05/01/1995 |
3,472,320.00 |
15.23 |
MYR5,616,014.00 |
2017 |
- |
23/04/2018 |
|
5 |
1075154U |
EADEPRO
REALTY SDN. BHD. |
Director |
23/12/2013 |
0.00 |
- |
MYR3,390,940.00 |
2017 |
- |
23/04/2018 |
|
6 |
723209U |
EADEPRO
RESIDENCE SDN. BHD. |
Director |
02/02/2018 |
0.00 |
- |
MYR(5,883.00) |
2017 |
- |
23/04/2018 |
|
7 |
716556P |
EADEPRO
SDN BHD |
Director |
30/11/2005 |
0.00 |
- |
MYR195,050.00 |
2017 |
- |
23/04/2018 |
|
8 |
757356W |
EADESS
SDN. BHD. |
Director |
22/12/2006 |
0.00 |
- |
MYR(173,768.00) |
2017 |
- |
23/04/2018 |
|
9 |
17263D |
EASTERN
DECORATOR SDN. BHD. |
Director |
- |
90,054.00 |
12.00 |
MYR16,086,945.00 |
2017 |
- |
23/04/2018 |
|
10 |
291947U |
EASTERN
FIBRE INDUSTRIES SDN. BHD. |
Director |
- |
17,500.00 |
17.50 |
MYR(6,247.00) |
2017 |
- |
23/04/2018 |
|
11 |
1242890V |
ED
(FACTORY OUTLET) SDN. BHD. |
Director |
14/08/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
12 |
1260751H |
ED
RETAIL MANAGEMENT SDN. BHD. |
Director |
20/12/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
13 |
1211556U |
ISG
ASSETS MANAGEMENT SDN. BHD. |
Director |
06/12/2016 |
0.00 |
- |
MYR(6,900.00) |
2017 |
- |
23/04/2018 |
|
14 |
883578P |
SWISS
DESIGNS SDN. BHD. |
Director |
03/05/2011 |
0.00 |
- |
MYR1,837,730.00 |
2017 |
- |
23/04/2018 |
DIRECTOR
4
|
Name
Of Subject |
: |
MR.
KOAY ROB SEN |
|
Address |
: |
31,
JALAN SG. BATU, 34900 PANTAI REMIS, PERAK, MALAYSIA. |
|
Other
Address(es) |
: |
72,
JALAN BUKIT CHERAS, 17/144A, TAMAN BUKIT CHERAS, CHERAS, 56000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New
IC No |
: |
860629-38-6693 |
|
Date
of Birth |
: |
29/06/1986 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
22/05/2007 |
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 |
1179835W |
AHOME
REALTY SDN. BHD. |
Director |
17/03/2016 |
1.00 |
50.00 |
MYR6,433.00 |
2017 |
- |
23/04/2018 |
|
2 |
1258105D |
AKEMI
(M) SDN. BHD. |
Director |
30/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
3 |
1257790W |
AKEMI
INTERNATIONAL SDN. BHD. |
Director |
28/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
4 |
200413885M |
EADECO
(SINGAPORE) PTE. LTD. |
Director |
01/10/2012 |
198,750.00 |
15.63 |
SGD564,730.00 |
2016 |
- |
07/02/2018 |
|
5 |
185678A |
EADECO
SDN. BHD. |
Director |
22/05/2007 |
3,472,320.00 |
15.23 |
MYR5,616,014.00 |
2017 |
- |
23/04/2018 |
|
6 |
1075154U |
EADEPRO
REALTY SDN. BHD. |
Director |
28/07/2015 |
0.00 |
- |
MYR3,390,940.00 |
2017 |
- |
23/04/2018 |
|
7 |
723209U |
EADEPRO
RESIDENCE SDN. BHD. |
Director |
02/02/2018 |
0.00 |
- |
MYR(5,883.00) |
2017 |
- |
23/04/2018 |
|
8 |
716556P |
EADEPRO
SDN BHD |
Director |
28/07/2015 |
0.00 |
- |
MYR195,050.00 |
2017 |
- |
23/04/2018 |
|
9 |
757356W |
EADESS
SDN. BHD. |
Director |
02/02/2009 |
0.00 |
- |
MYR(173,768.00) |
2017 |
- |
23/04/2018 |
|
10 |
17263D |
EASTERN
DECORATOR SDN. BHD. |
Director |
22/05/2007 |
90,054.00 |
12.00 |
MYR16,086,945.00 |
2017 |
- |
23/04/2018 |
|
11 |
291947U |
EASTERN
FIBRE INDUSTRIES SDN. BHD. |
Shareholder |
- |
17,500.00 |
17.50 |
MYR(6,247.00) |
2017 |
- |
23/04/2018 |
|
12 |
1260751H |
ED
RETAIL MANAGEMENT SDN. BHD. |
Director |
20/12/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
13 |
1149749W |
GOP
FASHION SDN. BHD. |
Director |
24/06/2015 |
12,250.00 |
12.25 |
MYR(50,724.00) |
2016 |
In
the process of striking off |
23/04/2018 |
|
14 |
1211556U |
ISG
ASSETS MANAGEMENT SDN. BHD. |
Director |
06/12/2016 |
0.00 |
- |
MYR(6,900.00) |
2017 |
- |
23/04/2018 |
|
15 |
883578P |
SWISS
DESIGNS SDN. BHD. |
Director |
03/05/2011 |
0.00 |
- |
MYR1,837,730.00 |
2017 |
- |
23/04/2018 |
DIRECTOR
5
|
Name
Of Subject |
: |
MR.
KOAY CHIM SEN |
|
Address |
: |
20,
JALAN KELAB GOLF, 30350 IPOH, PERAK, MALAYSIA. |
|
Other
Address(es) |
: |
11
SELASAR CANNING, IPOH GARDEN, 31400 IPOH,PERAK, MALAYSIA. |
|
New
IC No |
: |
660824-07-5165 |
|
Nationality |
: |
MALAYSIAN |
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 |
1258105D |
AKEMI
(M) SDN. BHD. |
Director |
30/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
2 |
1257790W |
AKEMI
INTERNATIONAL SDN. BHD. |
Director |
28/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
3 |
200413885M |
EADECO
(SINGAPORE) PTE. LTD. |
Director |
27/10/2004 |
294,150.00 |
23.13 |
SGD564,730.00 |
2016 |
- |
07/02/2018 |
|
4 |
185678A |
EADECO
SDN. BHD. |
Director |
18/08/1989 |
6,064,943.00 |
26.60 |
MYR5,616,014.00 |
2017 |
- |
23/04/2018 |
|
5 |
823710H |
EADEMINE
SDN. BHD. |
Director |
18/07/2008 |
0.00 |
- |
MYR(4,102.00) |
2017 |
- |
23/04/2018 |
|
6 |
1075154U |
EADEPRO
REALTY SDN. BHD. |
Director |
23/12/2013 |
0.00 |
- |
MYR3,390,940.00 |
2017 |
- |
23/04/2018 |
|
7 |
723209U |
EADEPRO
RESIDENCE SDN. BHD. |
Director |
29/05/2015 |
0.00 |
- |
MYR(5,883.00) |
2017 |
- |
23/04/2018 |
|
8 |
716556P |
EADEPRO
SDN BHD |
Director |
30/11/2005 |
0.00 |
- |
MYR195,050.00 |
2017 |
- |
23/04/2018 |
|
9 |
757356W |
EADESS
SDN. BHD. |
Director |
22/12/2006 |
0.00 |
- |
MYR(173,768.00) |
2017 |
- |
23/04/2018 |
|
10 |
17263D |
EASTERN
DECORATOR SDN. BHD. |
Director |
- |
157,566.00 |
21.00 |
MYR16,086,945.00 |
2017 |
- |
23/04/2018 |
|
11 |
291947U |
EASTERN
FIBRE INDUSTRIES SDN. BHD. |
Director |
09/03/1994 |
30,002.00 |
30.00 |
MYR(6,247.00) |
2017 |
- |
23/04/2018 |
|
12 |
1242890V |
ED
(FACTORY OUTLET) SDN. BHD. |
Director |
14/08/2017 |
10,000.00 |
100.00 |
- |
2017 |
- |
23/04/2018 |
|
13 |
1260751H |
ED
RETAIL MANAGEMENT SDN. BHD. |
Director |
20/12/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
14 |
1211556U |
ISG
ASSETS MANAGEMENT SDN. BHD. |
Director |
06/12/2016 |
0.00 |
- |
MYR(6,900.00) |
2017 |
- |
23/04/2018 |
|
15 |
1194714D |
MASTERPIECE
FOREVER SDN. BHD. |
Director |
23/11/2016 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
16 |
941028H |
MAXWELL
STAR SDN. BHD. |
Director |
23/10/2015 |
5.00 |
25.00 |
MYR(6,874.00) |
2017 |
- |
23/04/2018 |
|
17 |
1093427U |
MK
MAJUMAS SDN. BHD. |
Director |
05/09/2017 |
3.00 |
30.00 |
MYR(3,688.00) |
2017 |
- |
23/04/2018 |
|
18 |
567056K |
NEWMAN
DEVELOPMENT SDN. BHD. |
Director |
30/08/2010 |
0.00 |
- |
MYR(1,766.00) |
2012 |
- |
23/04/2018 |
|
19 |
975925T |
ONE
OCTAGON SDN. BHD. |
Director |
28/10/2015 |
0.00 |
- |
MYR3,916,601.00 |
2016 |
- |
23/04/2018 |
|
20 |
1250148D |
PRIPRO
SDN. BHD. |
Director |
06/10/2017 |
100.00 |
100.00 |
- |
2017 |
- |
23/04/2018 |
|
21 |
883578P |
SWISS
DESIGNS SDN. BHD. |
Director |
03/05/2011 |
0.00 |
- |
MYR1,837,730.00 |
2017 |
- |
23/04/2018 |
|
22 |
1234186K |
TOP
MASTER VENTURE SDN. BHD. |
Director |
27/10/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
23 |
1151399X |
TOTAL
SMART RESOURCE SDN. BHD. |
Director |
01/04/2016 |
30.00 |
30.00 |
MYR(4,495.00) |
2017 |
- |
23/04/2018 |
DIRECTOR
6
|
Name
Of Subject |
: |
MS.
CHIN FONG GNOH |
|
Address |
: |
20,
JALAN KELAB GOLF, 30350 IPOH, PERAK, MALAYSIA. |
|
Other
Address(es) |
: |
11,
MEDAN CANNING, IPOH GARDEN, 31400 IPOH, PERAK, MALAYSIA. |
|
New
IC No |
: |
440909-07-5290 |
|
Nationality |
: |
MALAYSIAN |
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 |
1258105D |
AKEMI
(M) SDN. BHD. |
Director |
30/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
2 |
1257790W |
AKEMI
INTERNATIONAL SDN. BHD. |
Director |
28/11/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
3 |
185678A |
EADECO
SDN. BHD. |
Shareholder |
- |
2,280,054.00 |
10.00 |
MYR5,616,014.00 |
2017 |
- |
23/04/2018 |
|
4 |
1075154U |
EADEPRO
REALTY SDN. BHD. |
Director |
23/12/2013 |
0.00 |
- |
MYR3,390,940.00 |
2017 |
- |
23/04/2018 |
|
5 |
723209U |
EADEPRO
RESIDENCE SDN. BHD. |
Director |
02/02/2018 |
0.00 |
- |
MYR(5,883.00) |
2017 |
- |
23/04/2018 |
|
6 |
716556P |
EADEPRO
SDN BHD |
Director |
30/11/2005 |
0.00 |
- |
MYR195,050.00 |
2017 |
- |
23/04/2018 |
|
7 |
757356W |
EADESS
SDN. BHD. |
Director |
22/12/2006 |
0.00 |
- |
MYR(173,768.00) |
2017 |
- |
23/04/2018 |
|
8 |
17263D |
EASTERN
DECORATOR SDN. BHD. |
Director |
- |
191,955.00 |
25.58 |
MYR16,086,945.00 |
2017 |
- |
23/04/2018 |
|
9 |
1260751H |
ED
RETAIL MANAGEMENT SDN. BHD. |
Director |
20/12/2017 |
0.00 |
- |
- |
2017 |
- |
23/04/2018 |
|
10 |
1211556U |
ISG
ASSETS MANAGEMENT SDN. BHD. |
Director |
06/12/2016 |
0.00 |
- |
MYR(6,900.00) |
2017 |
- |
23/04/2018 |
|
11 |
883578P |
SWISS
DESIGNS SDN. BHD. |
Director |
03/05/2011 |
0.00 |
- |
MYR1,837,730.00 |
2017 |
- |
23/04/2018 |
FORMER DIRECTOR(S)
|
Name |
Address |
IC/PP
No |
Appointed
Date |
Withdrawn
Date |
|
KOAY
EAN CHIM |
11,SELASAR
CANNING, IPOH GARDEN, IPOH,PERAK, IPOH, PERAK, MALAYSIA |
410807-07-5233 |
05/01/1974 |
04/01/2015 |
Note: The above
information was generated from our database.
MANAGEMENT
|
1)
|
Name
of Subject |
: |
CHIN
FONG GNOH |
|
Position |
: |
MANAGING
DIRECTOR |
|
|
2)
|
Name
of Subject |
: |
KOAY
CHIM SEN |
|
Position |
: |
DIRECTOR |
AUDITOR
|
Auditor |
: |
PETER
OOI & CO. |
|
Auditor'
Address |
: |
12A,
JALAN MEDAN IPOH 1B, MEDAN IPOH BESTARI, 31400 IPOH, PERAK, MALAYSIA. |
COMPANY SECRETARIES
|
1)
|
Company
Secretary |
: |
MR.
LI SOON TATT |
|
IC
/ PP No |
: |
A3833566 |
|
|
New
IC No |
: |
771001-08-7095 |
|
|
Address |
: |
3,
JALAN BURUNG DAUN, IPOH GARDEN, 31400 IPOH, PERAK, MALAYSIA. |
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name |
: |
MALAYAN
BANKING BHD |
|
2)
|
Name |
: |
OCBC
BANK (MALAYSIA) BHD |
|
3)
|
Name |
: |
PUBLIC
BANK BHD |
|
4)
|
Name |
: |
RHB
BANK BHD |
ENCUMBRANCE (S)
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
31 |
04/09/1937 |
1ST
LEGAL CHARGE |
PUBLIC
BANK BERHAD |
- |
Unsatisfied |
|
1 |
25/07/1984 |
N/A |
KWONG
YIK BANK BERHAD |
MYR
50,000.00 |
Satisfied |
|
2 |
02/05/1992 |
N/A |
PUBLIC
BANK BERHAD |
MYR
750,000.00 |
Satisfied |
|
3 |
29/09/1993 |
N/A |
PUBLIC
BANK BERHAD |
MYR
175,000.00 |
Satisfied |
|
4 |
16/04/1994 |
N/A |
PUBLIC
BANK BERHAD |
MYR
2,649,000.00 |
Unsatisfied |
|
5 |
16/04/1994 |
AGREEMENT
& ASSIGNMENT |
PUBLIC
BANK BERHAD |
MYR
1,449,000.00 |
Unsatisfied |
|
6 |
07/09/1994 |
CHARGE |
PUBLIC
BANK BERHAD |
MYR
1,449,000.00 |
Unsatisfied |
|
7 |
29/03/1995 |
N/A |
UNITED
MALAYAN BANKING CORPORATION BERHAD |
MYR
880,000.00 |
Satisfied |
|
8 |
12/04/1995 |
CHARGE |
PUBLIC
BANK BERHAD |
MYR
500,000.00 |
Unsatisfied |
|
9 |
12/07/1995 |
AGREEMENT
& ASSIGNMENT |
PUBLIC
BANK BERHAD |
MYR
680,000.00 |
Unsatisfied |
|
11 |
10/11/1995 |
CHARGE |
PUBLIC
BANK BERHAD |
MYR
1,000,000.00 |
Unsatisfied |
|
10 |
27/11/1995 |
CHARGES |
PUBLIC
BANK BERHAD |
MYR
826,000.00 |
Unsatisfied |
|
12 |
18/06/1996 |
N/A |
UNITED
MALAYAN BANKING CORPORATION BERHAD |
MYR
150,000.00 |
Satisfied |
|
13 |
16/09/1996 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
800,000.00 |
Unsatisfied |
|
14 |
16/09/1996 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
1,200,000.00 |
Unsatisfied |
|
15 |
16/09/1996 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
1,500,000.00 |
Unsatisfied |
|
16 |
16/09/1996 |
CHARGE |
OCBC
BANK MALAYSIABERHAD |
MYR
2,100,000.00 |
Unsatisfied |
|
17 |
18/10/1996 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
2,000,000.00 |
Unsatisfied |
|
18 |
18/10/1996 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
2,000,000.00 |
Unsatisfied |
|
19 |
29/09/1999 |
CHARGE |
PUBLIC
BANK BERHAD |
MYR
500,000.00 |
Unsatisfied |
|
20 |
16/11/1999 |
ASSIGNMENT
& AGREEMENT |
PUBLIC
BANK BERHAD |
MYR
500,000.00 |
Unsatisfied |
|
21 |
07/06/2000 |
N/A |
MALAYAN
BANKING BERHAD |
MYR
1.00 |
Satisfied |
|
22 |
07/06/2000 |
N/A |
MALAYAN
BANKING BERHAD |
MYR
1,787,000.00 |
Satisfied |
|
23 |
04/07/2000 |
NEGATIVE
PLEDGE |
PUBLIC
BANK BERHAD |
- |
Unsatisfied |
|
24 |
04/07/2000 |
AGREEMENT
& ASSIGNMENT |
PUBLIC
BANK BERHAD |
MYR
200,000.00 |
Unsatisfied |
|
25 |
07/07/2000 |
1ST,
2ND, 3RD, 4-6TH CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
9,600,000.00 |
Unsatisfied |
|
26 |
12/09/2001 |
AGREEMENT
& ASSIGNMENT |
MALAYAN
BANKING BERHAD |
MYR
1,787,000.00 |
Unsatisfied |
|
27 |
19/11/2001 |
N/A |
RHB
BANK BERHAD |
MYR
1.00 |
Satisfied |
|
28 |
06/03/2002 |
AGREEMENT
& CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
5,600,000.00 |
Unsatisfied |
|
29 |
06/03/2002 |
AGREEMENT |
OCBC
BANK MALAYSIA BERHAD |
MYR
4,000,000.00 |
Unsatisfied |
|
30 |
10/03/2003 |
N/A |
PUBLIC
BANK BERHAD |
MYR
1.00 |
Satisfied |
|
32 |
06/11/2004 |
2ND
LEGAL CHARGE |
PUBLIC
BANK BERHAD |
- |
Unsatisfied |
|
33 |
07/02/2005 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
200,000.00 |
Unsatisfied |
|
34 |
03/03/2005 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
1,500,000.00 |
Unsatisfied |
|
35 |
03/03/2005 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
2,000,000.00 |
Unsatisfied |
|
36 |
03/03/2005 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
800,000.00 |
Unsatisfied |
|
37 |
03/03/2005 |
CHARGE |
OCBC
BANK MALAYSIA BERHAD |
MYR
2,000,000.00 |
Unsatisfied |
|
38 |
28/06/2005 |
CHARGE |
MALAYAN
BANKING BERHAD |
MYR
357,000.00 |
Unsatisfied |
|
39 |
28/06/2005 |
CHARGE |
MALAYAN
BANKING BERHAD |
MYR
1,430,000.00 |
Unsatisfied |
|
40 |
24/05/2011 |
LEGAL
CHARGE |
OCBC
BANK (MALAYSIA) BERHAD |
- |
Unsatisfied |
|
41 |
22/08/2011 |
FACILITY
AGREEMENT |
MAYBANK
ISLAMIC BERHAD |
MYR
3,050,000.00 |
Unsatisfied |
|
42 |
11/06/2014 |
DEED
OF ASSIGNMENT |
UNITED
OVERSEAS BANK (MALAYSIA) BERHAD. |
- |
Unsatisfied |
|
43 |
10/09/2015 |
MEMORANDUM
OF CHARGE AND FACILITIES AGREEMENT |
PUBLIC
BANK BERHAD |
- |
Unsatisfied |
|
44 |
09/01/2017 |
TRADE
FINANCING GENERAL AGREEMENT |
HSBC
BANK MALAYSIA BERHAD |
MYR
6,500,000.00 |
Unsatisfied |
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
CRIMINAL RECORDS CHECK - SUBJECT COMPANY AS A DEFENDANT
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No criminal record was found in our databank.
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A PLAINTIFF
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No plaintiff record was found in our databank.
CRIMINAL RECORDS CHECK - SUBJECT COMPANY AS A PLAINTIFF
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No plaintiff record was found in our databank.
DEFAULTER CHECK AGAINST SUBJECT
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been listed by our customers and debtors that
have been placed or assigned to us for collection.
No defaulter record & debt collection case was found in our defaulters'
databank.
RED ALERT FROM CENTRAL BANK OF MALAYSIA
*
A check has been conducted with the Central Bank of Malaysia whether the
Subject has carried out any illegal or suspicious financial activities.
The
Subject has not been carried out any illegal money services business without
licence under the Money Services Business Act 2011.
The
Subject has not been placed under the Financial Consumer Alert list by the
Central Bank of Malaysia.
INVESTOR ALERT BY SECURITIES COMMISSION MALAYSIA & BURSA MALAYSIA
*
A check has been conducted with the Securities Commission Malaysia whether the
Subject has involved in any unlicensed capital market activities under the
Securities Laws and Bursa Malaysia should the Subject is listed as Practice
Note (PN) 17 or Guidance Note (GN) 3.
The
Subject has not been carried out any unlicensed capital market activities.
PAYMENT RECORD
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
|
Import
Countries |
: |
ASIA,EUROPE |
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL
PAYMENT HABIT |
||||||||||||||
|
Prompt
0-30 Days |
[ |
] |
Good
31-60 Days |
[ |
] |
Average
61-90 Days |
[ |
X |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
CLIENTELE
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
ASIA |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
|
Type
of Customer |
: |
END
USERS,HOSPITALS,HOTELS |
|||
OPERATIONS
|
Goods
Traded |
: |
BEDDING
ACCESSORIES, HOME TEXTILE PRODUCTS. |
|
|
Product
Brand Name |
: |
|
|
|
Ownership
of premises |
: |
OWNED |
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
250 |
||||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of bedding
accessories, home textile products..
The Subject's products include sheet sets, quilts, comforter, kitchen
ensembles, cushion covers, curtains, table cloths and others.
The Subject stated that the designer collection of sheet sets, quilts, comforters
and pillowshams are available in different thread counts of fabric and
qualities which mix and match well with different ornament.
The Subject supplies its furnishing products and polyester fibre padding
through most departmental stores or shopping centers, furniture and garment
industries, hotels and hospitals in Malaysia.
The Subject stated that their curtains are available in many sewing styles such
as French Pleats, top frills, kitchen curtains and tab curtains which fits
different sizes of windows and sliding doors.
The Subject's products are well accepted in the hotels.
The Subject is one of the leading home textile suppliers.
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 |
: |
05-2922933 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
SOUTHFATE
COMMERCIAL CENTRE, NO. 2 JALAN DUA, OFF JALAN CHAN SOW LIN WILAYAH
PERSEKUTUAN, 5200 KUALA LUMPUR |
|
Current
Address |
: |
LOT
55992, BATU 5, OFF JALAN TUNKU ABDUL RAHMAN, 31200 IPOH, PERAK, 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 provided is the Subject's MARKETING & SALES OFFICE but it is
incomplete.
FINANCIAL ANALYSIS
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012
- 2017 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
2012
- 2017 |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
9.13% |
] |
|
|
Return
on Net Assets |
: |
Acceptable |
[ |
13.89% |
] |
|
|
The
fluctuating turnover reflects the fierce competition among the existing and
new market players.The dip in profit could be due to the stiff market
competition which reduced the Subject's profit margin. 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 |
: |
Unfavourable |
[ |
141
Days |
] |
|
|
Debtor
Ratio |
: |
Unfavourable |
[ |
76
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
11
Days |
] |
|
|
The
Subject could be incurring higher holding cost. As its capital was tied up in
stocks, it could face liquidity problems. The high debtors' ratio could
indicate that the Subject was weak in its credit control. However, the
Subject could also giving longer credit periods to its customers in order to
boost its sales or to capture / retain its market share. 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 |
: |
Favourable |
[ |
2.11
Times |
] |
|
|
Current
Ratio |
: |
Favourable |
[ |
4.05
Times |
] |
|
|
A
minimum liquid ratio of 1 should be maintained by the Subject in order to
assure its creditors of its ability to meet short term obligations and the
Subject was in a good liquidity position. Thus, we believe the Subject is
able to meet all its short term obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Favourable |
[ |
10.57
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.12
Times |
] |
|
|
The
interest cover showed that the Subject was able to service the interest. The
favourable interest cover could indicate that the Subject was making enough
profit to pay for the interest accrued. 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 : |
||||||
|
The
Subject recorded lower profits as its turnover showed a erratic trend. The
Subject's management was unable to control its costs efficiently as its
profit showed a downward trend. The Subject was in good liquidity position
with its total current liabilities well covered by its total current assets.
With its current net assets, the Subject should be able to repay its short
term obligations. With the favourable interest cover, the Subject could be
able to service all the accrued interest without facing any difficulties. 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 : STRONG |
||||||
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 |
|
|
46419
: Wholesale of textiles, clothing n.e.c. |
|
|
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
|
Incorporated
in 1974, the Subject is a Private Limited company, focusing on trading of
bedding accessories, home textile products.. The Subject has been in business
for over two decades. It has built up a strong clientele base and
satisfactory reputation will enable the Subject to further enhance its
business in the near term. The Subject is expected to enjoy a stable market
shares. With MYR 75,040,800 in issued and paid up capital, the Subject has
the potential of capturing a higher market shares as it is competing aggressively
in the market. We considered that the Subject's business position in the
market is much dependent on the efforts of its directors. |
PROFIT AND LOSS ACCOUNT
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS) |
|
EASTERN
DECORATOR SDN. BHD. |
|
Financial
Year End |
2017-03-31 |
2016-03-31 |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
15 |
12 |
12 |
12 |
|
Consolidated
Account |
GROUP |
GROUP |
GROUP |
GROUP |
GROUP |
|
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 |
205,726,993 |
259,103,888 |
203,690,875 |
206,154,650 |
186,019,592 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
205,726,993 |
259,103,888 |
203,690,875 |
206,154,650 |
186,019,592 |
|
Costs
of Goods Sold |
(97,170,086) |
(137,497,602) |
(106,252,169) |
(110,943,950) |
(104,950,208) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
108,556,907 |
121,606,286 |
97,438,706 |
95,210,700 |
81,069,384 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
22,161,186 |
23,283,359 |
25,084,941 |
30,824,996 |
28,006,926 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
22,161,186 |
23,283,359 |
25,084,941 |
30,824,996 |
28,006,926 |
|
Taxation |
(6,074,241) |
(7,884,235) |
(7,418,609) |
(8,025,586) |
(7,439,573) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
16,086,945 |
15,399,124 |
17,666,332 |
22,799,410 |
20,567,353 |
|
Minority
interests |
- |
2 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
16,086,945 |
15,399,126 |
17,666,332 |
22,799,410 |
20,567,353 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
16,086,945 |
15,399,126 |
17,666,332 |
22,799,410 |
20,567,353 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
88,119,165 |
75,721,671 |
58,055,339 |
86,333,700 |
65,766,347 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
88,119,165 |
75,721,671 |
58,055,339 |
86,333,700 |
65,766,347 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
104,206,110 |
91,120,797 |
75,721,671 |
109,133,110 |
86,333,700 |
|
CAPITALISATION
FOR BONUS ISSUES |
- |
- |
- |
(50,027,200) |
- |
|
DIVIDENDS
- Ordinary (paid & proposed) |
(3,001,632) |
(3,001,632) |
- |
(1,050,571) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
101,204,478 |
88,119,165 |
75,721,671 |
58,055,339 |
86,333,700 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||||
|
Bank
overdraft |
123,928 |
123,323 |
- |
- |
- |
|
Lease
interest |
46,622 |
83,431 |
- |
- |
- |
|
Term
loan / Borrowing |
712,718 |
879,470 |
- |
- |
- |
|
Trust
receipts |
1,433,266 |
880,725 |
- |
- |
- |
|
Others |
- |
- |
1,392,935 |
900,217 |
253,734 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
2,316,534 |
1,966,949 |
1,392,935 |
900,217 |
253,734 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
3,750,356 |
4,867,543 |
3,793,005 |
3,365,859 |
3,186,375 |
|
AMORTIZATION |
824,787 |
79,250 |
63,400 |
63,400 |
63,400 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Amortization And Depreciation |
4,575,143 |
4,946,793 |
3,856,405 |
3,429,259 |
3,249,775 |
|
============= |
============= |
============= |
============= |
============= |
BALANCE SHEET
|
EASTERN
DECORATOR SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
42,359,316 |
47,509,956 |
57,990,608 |
52,097,311 |
49,528,968 |
|
LONG
TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Development
properties/expenditure |
4,187,739 |
4,187,739 |
4,187,739 |
- |
- |
|
Investment
properties |
17,906,974 |
17,959,749 |
- |
- |
- |
|
Investments |
300,000 |
300,000 |
600,000 |
- |
- |
|
Deferred
assets |
364,358 |
- |
197,078 |
178,011 |
101,334 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM INVESTMENTS/OTHER ASSETS |
22,759,071 |
22,447,488 |
4,984,817 |
178,011 |
101,334 |
|
INTANGIBLE
ASSETS |
|||||
|
Goodwill
on consolidation |
1,169,118 |
1,930,505 |
1,930,505 |
46,241 |
46,241 |
|
Trademarks |
237,750 |
301,150 |
380,400 |
443,800 |
507,200 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
INTANGIBLE ASSETS |
1,406,868 |
2,231,655 |
2,310,905 |
490,041 |
553,441 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
66,525,255 |
72,189,099 |
65,286,330 |
52,765,363 |
50,183,743 |
|
CURRENT
ASSETS |
|||||
|
CA
Development properties/expenditure |
211,507 |
8,811,029 |
895,471 |
- |
- |
|
Stocks |
75,180,918 |
50,639,577 |
68,658,907 |
59,266,799 |
35,077,507 |
|
Trade
debtors |
42,916,616 |
47,652,219 |
43,967,320 |
45,983,820 |
48,963,788 |
|
Other
debtors, deposits & prepayments |
16,243,531 |
14,008,369 |
5,985,728 |
13,628,719 |
8,338,147 |
|
Short
term deposits |
823,861 |
806,883 |
1,172,415 |
1,135,569 |
1,098,655 |
|
Amount
due from related companies |
700,038 |
358,527 |
- |
- |
- |
|
Amount
due from director |
587,981 |
154,950 |
63,862 |
363,862 |
363,862 |
|
Cash
& bank balances |
13,139,710 |
13,056,041 |
8,417,362 |
1,699,915 |
1,440,034 |
|
Others |
7,186,310 |
2,119,510 |
725,570 |
304,691 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
156,990,472 |
137,607,105 |
129,886,635 |
122,383,375 |
95,281,993 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
223,515,727 |
209,796,204 |
195,172,965 |
175,148,738 |
145,465,736 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade
creditors |
3,015,081 |
2,064,784 |
13,239,197 |
13,368,996 |
18,709,953 |
|
Other
creditors & accruals |
9,720,163 |
4,933,803 |
2,991,320 |
1,694,410 |
1,365,586 |
|
Hire
purchase & lease creditors |
439,341 |
605,690 |
593,162 |
412,291 |
376,069 |
|
Bank
overdraft |
1,627,799 |
1,714,651 |
836,802 |
4,821,030 |
2,034,069 |
|
Short
term borrowings/Term loans |
2,161,002 |
1,923,099 |
1,266,917 |
403,912 |
383,442 |
|
Other
borrowings |
8,972,486 |
16,469,960 |
15,115,718 |
17,525,144 |
7,676,929 |
|
Amounts
owing to related companies |
12,547,084 |
6,019,333 |
- |
- |
- |
|
Amounts
owing to director |
42,185 |
- |
42,185 |
- |
2,860 |
|
Provision
for taxation |
203,000 |
133,526 |
292,895 |
795,385 |
1,508,084 |
|
Dividends
payable/proposed |
- |
- |
- |
1,050,571 |
- |
|
Other
liabilities |
- |
742,600 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
38,728,141 |
34,607,446 |
34,378,196 |
40,071,739 |
32,056,992 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
118,262,331 |
102,999,659 |
95,508,439 |
82,311,636 |
63,225,001 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||||
|
Long
term loans |
8,192,165 |
10,490,902 |
8,268,607 |
466,374 |
882,364 |
|
Hire
purchase creditors |
350,143 |
348,675 |
557,889 |
480,894 |
216,758 |
|
Deferred
taxation |
- |
1,189,216 |
1,205,800 |
1,033,590 |
962,320 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
8,542,308 |
12,028,793 |
10,032,296 |
1,980,858 |
2,061,442 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
176,245,278 |
163,159,965 |
150,762,473 |
133,096,141 |
111,347,302 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED
BY: |
|||||
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
75,040,800 |
75,040,800 |
75,040,800 |
75,040,800 |
25,013,600 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
75,040,800 |
75,040,800 |
75,040,800 |
75,040,800 |
25,013,600 |
|
RESERVES |
|||||
|
Retained
profit/(loss) carried forward |
101,204,478 |
88,119,165 |
75,721,671 |
58,055,339 |
86,333,700 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
101,204,478 |
88,119,165 |
75,721,671 |
58,055,339 |
86,333,700 |
|
MINORITY
INTEREST |
- |
- |
2 |
2 |
2 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
176,245,278 |
163,159,965 |
150,762,473 |
133,096,141 |
111,347,302 |
|
============= |
============= |
============= |
============= |
============= |
|
FINANCIAL RATIO
|
EASTERN
DECORATOR SDN. BHD. |
|
TYPES
OF FUNDS |
|||||
|
Cash |
13,963,571 |
13,862,924 |
9,589,777 |
2,835,484 |
2,538,689 |
|
Net
Liquid Funds |
12,335,772 |
12,148,273 |
8,752,975 |
(1,985,546) |
504,620 |
|
Net
Liquid Assets |
43,081,413 |
52,360,082 |
26,849,532 |
23,044,837 |
28,147,494 |
|
Net
Current Assets/(Liabilities) |
118,262,331 |
102,999,659 |
95,508,439 |
82,311,636 |
63,225,001 |
|
Net
Tangible Assets |
174,838,410 |
160,928,310 |
148,451,568 |
132,606,100 |
110,793,861 |
|
Net
Monetary Assets |
34,539,105 |
40,331,289 |
16,817,236 |
21,063,979 |
26,086,052 |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
24,477,720 |
25,250,308 |
26,477,876 |
31,725,213 |
28,260,660 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
29,052,863 |
30,197,101 |
30,334,281 |
35,154,472 |
31,510,435 |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
21,742,936 |
31,552,977 |
26,639,095 |
24,109,645 |
11,569,631 |
|
Total
Liabilities |
47,270,449 |
46,636,239 |
44,410,492 |
42,052,597 |
34,118,434 |
|
Total
Assets |
223,515,727 |
209,796,204 |
195,172,965 |
175,148,738 |
145,465,736 |
|
Net
Assets |
176,245,278 |
163,159,965 |
150,762,473 |
133,096,141 |
111,347,302 |
|
Net
Assets Backing |
176,245,278 |
163,159,965 |
150,762,473 |
133,096,141 |
111,347,302 |
|
Shareholders'
Funds |
176,245,278 |
163,159,965 |
150,762,473 |
133,096,141 |
111,347,302 |
|
Total
Share Capital |
75,040,800 |
75,040,800 |
75,040,800 |
75,040,800 |
25,013,600 |
|
Total
Reserves |
101,204,478 |
88,119,165 |
75,721,671 |
58,055,339 |
86,333,700 |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(20.60) |
27.20 |
(1.20) |
10.82 |
15.67 |
|
Proft/(Loss)
Before Tax |
(4.82) |
(7.18) |
(18.62) |
10.06 |
27.99 |
|
Proft/(Loss)
After Tax |
4.47 |
(12.83) |
(22.51) |
10.85 |
38.16 |
|
Total
Assets |
6.46 |
7.49 |
11.43 |
20.41 |
12.35 |
|
Total
Liabilities |
1.03 |
5.01 |
5.61 |
23.25 |
(11.84) |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
0.36 |
0.40 |
0.28 |
0.07 |
0.08 |
|
Liquid
Ratio |
2.11 |
2.51 |
1.78 |
1.58 |
1.88 |
|
Current
Ratio |
4.05 |
3.98 |
3.78 |
3.05 |
2.97 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
141 |
77 |
131 |
105 |
69 |
|
Debtors
Ratio |
76 |
67 |
79 |
81 |
96 |
|
Creditors
Ratio |
11 |
5 |
45 |
44 |
65 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
0.12 |
0.19 |
0.18 |
0.18 |
0.10 |
|
Liabilities
Ratio |
0.27 |
0.29 |
0.29 |
0.32 |
0.31 |
|
Times
Interest Earned Ratio |
10.57 |
12.84 |
19.01 |
35.24 |
111.38 |
|
Assets
Backing Ratio |
2.33 |
2.14 |
1.98 |
1.77 |
4.43 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
10.77 |
8.99 |
12.32 |
14.95 |
15.06 |
|
Net
Profit Margin |
7.82 |
5.94 |
8.67 |
11.06 |
11.06 |
|
Return
On Net Assets |
13.89 |
15.48 |
17.56 |
23.84 |
25.38 |
|
Return
On Capital Employed |
13.00 |
14.05 |
16.09 |
22.53 |
24.28 |
|
Return
On Shareholders' Funds/Equity |
9.13 |
9.44 |
11.72 |
17.13 |
18.47 |
|
Dividend
Pay Out Ratio (Times) |
0.19 |
0.19 |
0 |
0.05 |
0 |
|
NOTES
TO ACCOUNTS |
|||||
|
Contingent
Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
|
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 : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.