|
|
|
MIRA INFORM REPORT
|
Report No. : |
512201 |
|
Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
WINNER SPORTS MARKETING SDN. BHD. |
|
|
|
|
Registered Office : |
23a-4 (Suite B), Setia Avenue, 2, Jalan Setia Prima S U13/S, Setia
Alam, Seksyen U13, 40170 Shah Alam, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
07.06.2012 |
|
|
|
|
Com. Reg. No.: |
1005107-D |
|
|
|
|
Legal Form : |
Private Limited (Limited by Share) |
|
|
|
|
Line of Business : |
Subject is principally engaged in dealer in sport and
musical equipment. |
|
|
|
|
No. of Employees : |
5 [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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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.
EXECUTIVE
SUMMARY
|
|
REGISTRATION
NO. |
: |
1005107-D |
||||
|
GST
NO. |
: |
001391693824 |
||||
|
COMPANY
NAME |
: |
WINNER
SPORTS MARKETING SDN. BHD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
07/06/2012 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
23A-4
(SUITE B), SETIA AVENUE, 2, JALAN SETIA PRIMA S U13/S, SETIA ALAM, SEKSYEN
U13, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
NO.
8, LORONG BAYU TINGGI 4C, TAMAN BAYU TINGGI,, 41200 KLANG, SELANGOR,
MALAYSIA. |
||||
|
TEL.NO. |
: |
N/A |
||||
|
FAX.NO. |
: |
N/A |
||||
|
MOBILE
NO. |
: |
0192404373 |
||||
|
CONTACT
PERSON |
: |
YEW
BOON CHEONG ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
47631 |
||||
|
PRINCIPAL
ACTIVITY |
: |
DEALER
IN SPORT AND MUSICAL EQUIPMENT |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
100,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
100,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
1,534,401 [2016] |
||||
|
NET
WORTH |
: |
MYR
557,620 [2016] |
||||
|
STAFF
STRENGTH |
: |
5
[2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
MODERATE |
||||
|
CURRENCY
EXPOSURE |
: |
NIL |
||||
|
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) dealer in sport and
musical equipment.
The
Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Former
Address(es)
|
Address |
As
At Date |
|
264-2,
PERSIARAN PEGAGA, TAMAN BAYU PERDANA, 41200, SELANGOR, MALAYSIA |
15/02/2013 |
|
L2-3-4C,
PELANGI PROMENADE, JALAN PEKAN BARU 36, 41050, SELANGOR, MALAYSIA |
24/03/2017 |
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
01/04/2013 |
MYR
100,000.00 |
MYR
100,000.00 |
|
15/02/2013 |
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.
YEW TAN SENG + |
48,
LINTANG SUNGAI KERAMAT 7D, TAMAN KLANG UTAMA, 42100 KLANG, SELANGOR,
MALAYSIA. |
470913-10-5015
2991739 |
50,000.00 |
50.00 |
|
MR.
YEW BOON CHEONG + |
48,
LINTANG SUNGAI KERAMAT 7D, TAMAN KLANG UTAMA, 42100 KLANG, SELANGOR,
MALAYSIA. |
840706-10-5499 |
50,000.00 |
50.00 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR 1
|
Name
Of Subject |
: |
MR.
YEW TAN SENG |
|
Address |
: |
48,
LINTANG SUNGAI KERAMAT 7D, TAMAN KLANG UTAMA, 42100 KLANG, SELANGOR,
MALAYSIA. |
|
IC
/ PP No |
: |
2991739 |
|
New
IC No |
: |
470913-10-5015 |
|
Date
of Birth |
: |
13/09/1947 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
07/06/2012 |
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 |
1005107D |
WINNER
SPORTS MARKETING SDN. BHD. |
Director |
07/06/2012 |
50,000.00 |
50.00 |
MYR134,251.00 |
2016 |
- |
23/04/2018 |
INTEREST IN BUSINESS
|
No |
Local
No |
Business |
Designation |
App
Date |
Shareholding
(%) |
Status |
As
At |
|
1 |
000767895M |
WINNER
SPORTS ENTERPRISE |
PARTNERSHIP |
18/06/2004 |
50.00 |
Expired |
23/04/2018 |
DIRECTOR 2
|
Name
Of Subject |
: |
MR.
YEW BOON CHEONG |
|
Address |
: |
48,
LINTANG SUNGAI KERAMAT 7D, TAMAN KLANG UTAMA, 42100 KLANG, SELANGOR,
MALAYSIA. |
|
New
IC No |
: |
840706-10-5499 |
|
Date
of Birth |
: |
06/07/1984 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
07/06/2012 |
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 |
1005107D |
WINNER
SPORTS MARKETING SDN. BHD. |
Director |
07/06/2012 |
50,000.00 |
50.00 |
MYR134,251.00 |
2016 |
- |
23/04/2018 |
INTEREST IN BUSINESS
|
No |
Local
No |
Business |
Designation |
App
Date |
Shareholding
(%) |
Status |
As
At |
|
1 |
000767895M |
WINNER
SPORTS ENTERPRISE |
PARTNERSHIP |
18/06/2004 |
50.00 |
Expired |
23/04/2018 |
MANAGEMENT
|
|
1) |
Name
of Subject |
: |
YEW
BOON CHEONG |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
TEY
LING & ASSOCIATES |
|
Auditor'
Address |
: |
PELANGI
PROMENADE, JALAN PEKAN BARU 36, 41050 KLANG, SELANGOR, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
MS.
WONG WEI CHING |
|
IC
/ PP No |
: |
A3683965 |
|
|
New
IC No |
: |
770916-10-5170 |
|
|
Address |
: |
23A-4
(SUITE B) SETIA AVENUE, 2, JALAN SETIA PRIMA S U13/S, SETIA ALAM, SEKSYEN
U13, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally
with :
|
1) |
Name |
: |
MALAYAN
BANKING BHD |
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the
time of investigation.
CIVIL
LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank against
the Subject whether the Subject has been involved in any litigation. Our
databank consists of 99% of the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our
databank.
CRIMINAL
RECORDS CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank
against the Subject whether the Subject has been involved in any litigation.
Our databank consists of 99% of the wound up companies in Malaysia.
No criminal record was found in our databank.
CIVIL
LITIGATION CHECK - SUBJECT COMPANY AS A PLAINTIFF
|
* A check has been conducted in our databank
against the Subject whether the Subject has been involved in any litigation.
Our databank consists of 99% of the wound up companies in Malaysia.
No plaintiff record was found in our databank.
CRIMINAL
RECORDS CHECK - SUBJECT COMPANY AS A PLAINTIFF
|
* A check has been conducted in our databank against
the Subject whether the Subject has been involved in any litigation. Our
databank consists of 99% of the wound up companies in Malaysia.
No plaintiff record was found in our databank.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our
defaulters' database which comprised of debtors that have been listed by our
customers and debtors that have been placed or assigned to us for collection.
No defaulter record & debt collection case
was found in our defaulters' databank.
RED
ALERT FROM CENTRAL BANK OF MALAYSIA
|
*
A check has been conducted with the Central Bank of Malaysia whether the
Subject has carried out any illegal or suspicious financial activities.
The
Subject has not been carried out any illegal money services business without
licence under the Money Services Business Act 2011.
The
Subject has not been placed under the Financial Consumer Alert list by the
Central Bank of Malaysia.
INVESTOR
ALERT BY SECURITIES COMMISSION MALAYSIA & BURSA MALAYSIA
|
*
A check has been conducted with the Securities Commission Malaysia whether the
Subject has involved in any unlicensed capital market activities under the
Securities Laws and Bursa Malaysia should the Subject is listed as Practice
Note (PN) 17 or Guidance Note (GN) 3.
The
Subject has not been carried out any unlicensed capital market activities.
PAYMENT
RECORD
|
|
|||||
|
SOURCES
OF RAW MATERIALS: |
|
||||
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Overseas |
: |
NO |
Percentage |
: |
0% |
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CASH |
|||
OPERATIONS
|
|
Goods
Traded |
: |
SPORT
AND MUSICAL EQUIPMENT |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
5 |
||||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a
/ as an) dealer in sport and musical equipment.
The Subject sells sport equipments and
accessories.
The Subject keeps stock of the products.
The Subject however refused to disclose further information
on its operation.
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 |
: |
0192404373 |
|
Current
Telephone Number |
: |
0192404373 |
|
Match |
: |
YES |
|
Address
Provided by Client |
: |
NO.
8, LORONG BAYU, TINGGI 4C, TAMAN BAYU TINGGI 41200 KLANG SELANGOR |
|
Current
Address |
: |
NO.
8, LORONG BAYU TINGGI 4C, TAMAN BAYU TINGGI,, 41200 KLANG, SELANGOR,
MALAYSIA. |
|
Match |
: |
YES |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
On 31st May 2018 we contacted one of the
Director Mr YEW BOON CHEONG on his mobile at
0192404373.
The Subject can only be contacted via Mr YEW
BOON CHEONG's mobile at 0192404373.
The Subject refused to disclose its fax number.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012
- 2016 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
2012
- 2016 |
] |
|
|
Return
on Shareholder Funds |
: |
Acceptable |
[ |
24.08% |
] |
|
|
Return
on Net Assets |
: |
Favourable |
[ |
30.24% |
] |
|
|
The
fluctuating turnover reflects the fierce competition among the existing and
new market players.The higher profit could be attributed to the increase in turnover.
The Subject's management had generated acceptable return for its shareholders
using its assets. |
||||||
|
Liquidity |
||||||
|
Current
Ratio |
: |
Favourable |
[ |
1.83
Times |
] |
|
|
The
Subject was in good liquidity position with its current liabilities
well covered by its current assets. With its net current assets, the
Subject should be able to repay its short term obligations. |
||||||
|
Solvency |
||||||
|
Liability
Ratio |
: |
Unfavourable |
[ |
1.13
Times |
] |
|
|
The
Subject has high liabilities ratio and it may face financial difficulties if
no additional capital is injected. |
||||||
|
Overall
Assessment : |
||||||
|
Although
the turnover was erratic, the Subject had maintained a steady growth in its
profit. This indicate the management's efficiency in controlling its costs
and profitability. 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. The
Subject's liabilities level was high and its going concern will be in doubt
if there is no injection of additional shareholders' funds in times of
economic downturn and / or high interest rates. |
||||||
|
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 |
|||||
INDUSTRY
ANALYSIS
|
|
MSIC
CODE |
|
|
47631
: Retail sale of sports goods and equipments |
|
|
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) |
|
WINNER
SPORTS MARKETING SDN. BHD. |
|
Financial
Year End |
2016-12-31 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial
Type |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
1,534,401 |
1,602,768 |
1,597,393 |
1,127,846 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
1,534,401 |
1,602,768 |
1,597,393 |
1,127,846 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
168,641 |
125,619 |
201,088 |
96,990 |
(8,906) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
168,641 |
125,619 |
201,088 |
96,990 |
(8,906) |
|
Taxation |
(34,390) |
(26,888) |
(44,592) |
(19,388) |
(554) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
134,251 |
98,731 |
156,496 |
77,602 |
(9,460) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
323,369 |
224,638 |
68,142 |
(9,460) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
323,369 |
224,638 |
68,142 |
(9,460) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
457,620 |
323,369 |
224,638 |
68,142 |
(9,460) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
457,620 |
323,369 |
224,638 |
68,142 |
(9,460) |
|
|
============= |
============= |
============= |
============= |
|
BALANCE
SHEET
|
|
WINNER
SPORTS MARKETING SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
57,901 |
79,912 |
101,545 |
21,571 |
13,413 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
57,901 |
79,912 |
101,545 |
21,571 |
13,413 |
|
CURRENT
ASSETS |
|||||
|
Stocks |
- |
- |
- |
- |
11,678 |
|
Cash
& bank balances |
- |
- |
- |
- |
100,042 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
1,127,169 |
1,067,371 |
989,515 |
998,895 |
111,720 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
1,185,070 |
1,147,283 |
1,091,060 |
1,020,466 |
125,133 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade
creditors |
- |
- |
- |
- |
11,678 |
|
Other
creditors & accruals |
- |
- |
- |
- |
4,529 |
|
Amounts
owing to director |
- |
- |
- |
- |
117,830 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
615,349 |
704,643 |
739,369 |
851,433 |
134,037 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
511,820 |
362,728 |
250,146 |
147,462 |
(22,317) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG
TERM LIABILITIES |
|||||
|
Deferred
taxation |
- |
- |
- |
- |
554 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
12,101 |
19,271 |
27,053 |
891 |
554 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
557,620 |
423,369 |
324,638 |
168,142 |
(9,458) |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED
BY: |
|||||
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
100,000 |
100,000 |
100,000 |
100,000 |
2 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
100,000 |
100,000 |
100,000 |
100,000 |
2 |
|
RESERVES |
|||||
|
Retained
profit/(loss) carried forward |
457,620 |
323,369 |
224,638 |
68,142 |
(9,460) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
457,620 |
323,369 |
224,638 |
68,142 |
(9,460) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
557,620 |
423,369 |
324,638 |
168,142 |
(9,458) |
|
|
============= |
============= |
============= |
============= |
============= |
FINANCIAL
RATIO
|
|
WINNER
SPORTS MARKETING SDN. BHD. |
|
TYPES
OF FUNDS |
|||||
|
Cash |
- |
- |
- |
- |
100,042 |
|
Net
Liquid Funds |
- |
- |
- |
- |
100,042 |
|
Net
Liquid Assets |
511,820 |
362,728 |
250,146 |
147,462 |
(33,995) |
|
Net
Current Assets/(Liabilities) |
511,820 |
362,728 |
250,146 |
147,462 |
(22,317) |
|
Net
Tangible Assets |
557,620 |
423,369 |
324,638 |
168,142 |
(9,458) |
|
Net
Monetary Assets |
499,719 |
343,457 |
223,093 |
146,571 |
(34,549) |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
- |
- |
- |
- |
(8,906) |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
- |
- |
- |
- |
(8,906) |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
- |
- |
- |
- |
0 |
|
Total
Liabilities |
627,450 |
723,914 |
766,422 |
852,324 |
134,591 |
|
Total
Assets |
1,185,070 |
1,147,283 |
1,091,060 |
1,020,466 |
125,133 |
|
Net
Assets |
557,620 |
423,369 |
324,638 |
168,142 |
(9,458) |
|
Net
Assets Backing |
557,620 |
423,369 |
324,638 |
168,142 |
(9,458) |
|
Shareholders'
Funds |
557,620 |
423,369 |
324,638 |
168,142 |
(9,458) |
|
Total
Share Capital |
100,000 |
100,000 |
100,000 |
100,000 |
2 |
|
Total
Reserves |
457,620 |
323,369 |
224,638 |
68,142 |
(9,460) |
|
GROWTH
RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(4.27) |
0.34 |
41.63 |
- |
- |
|
Proft/(Loss)
Before Tax |
34.25 |
(37.53) |
107.33 |
1,189.04 |
- |
|
Proft/(Loss)
After Tax |
35.98 |
(36.91) |
101.66 |
920.32 |
- |
|
Total
Assets |
3.29 |
5.15 |
6.92 |
715.51 |
- |
|
Total
Liabilities |
(13.33) |
(5.55) |
(10.08) |
533.27 |
- |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
- |
- |
- |
- |
0.75 |
|
Liquid
Ratio |
- |
- |
- |
- |
0.75 |
|
Current
Ratio |
1.83 |
1.51 |
1.34 |
1.17 |
0.83 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
- |
- |
- |
- |
0 |
|
Debtors
Ratio |
- |
- |
- |
- |
0 |
|
Creditors
Ratio |
- |
- |
- |
- |
0 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
- |
- |
- |
- |
0 |
|
Liabilities
Ratio |
1.13 |
1.71 |
2.36 |
5.07 |
(14.23) |
|
Times
Interest Earned Ratio |
- |
- |
- |
- |
0 |
|
Assets
Backing Ratio |
5.58 |
4.23 |
3.25 |
1.68 |
(4,729.00) |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
10.99 |
7.84 |
12.59 |
8.60 |
0 |
|
Net
Profit Margin |
8.75 |
6.16 |
9.80 |
6.88 |
0 |
|
Return
On Net Assets |
30.24 |
29.67 |
61.94 |
57.68 |
94.16 |
|
Return
On Capital Employed |
29.60 |
28.38 |
57.18 |
57.38 |
100.02 |
|
Return
On Shareholders' Funds/Equity |
24.08 |
23.32 |
48.21 |
46.15 |
100.02 |
|
Dividend
Pay Out Ratio (Times) |
- |
- |
- |
- |
0 |
|
NOTES
TO ACCOUNTS |
|||||
|
Contingent
Liabilities |
- |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.62 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.19 |
|
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 : |
DNS |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.