受付番号号

9999999999〒107-8680
東京都港区南青山２－５－２０
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マレーシアサンプルレポート
Sample

調査先商号◎

海外信用区分

A

B

厚い

Ｃ
信用程度

D

E

NR

薄い

評価不可

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※ 対象地域/国：詳しくはこちらをご参照ください。
http://www.tdb.co.jp/contact/faq15.html#Q9

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BASIS COMPANY REPORT
specially prepared for

TEIKOKU DATABANK LTD

Your Reference:

201609192

Order Reference:

170579//AMU/LYA

Subject Enquired:

NADHI EMAS GROUP SDN. BHD.

Registration No:

907161-K

Service Mode:

SUPERFLASH

Order Date:

08/06/2016

Date Report Sent:

08/06/2016

THIS REPORT IS PROVIDED TO YOU IN STRICT CONFIDENCE & ITS CONTENTS CANNOT BEDISCLOSED TO THE SUBJECT OR TO ANY THIRD PARTY IN ANY MANNER WHATSOEVER.

N/A - Not Applicable

1 / 13

EXECUTIVE SUMMARYREGISTRATION NO.

: 907161-K

COMPANY NAME

: NADHI EMAS GROUP SDN. BHD.

FORMER NAME: N/AINCORPORATION DATE

: 07/07/2010

COMPANY STATUS: EXISTLEGAL FORM

: PRIVATE LIMITED (LIMITED BY SHARE)

LISTED STATUS: NO

REGISTERED ADDRESS: 48-2, JALAN KOMERSIL SENAWANG 7, TAMAN KOMERSIL SENAWANG, 70450
SEREMBAN, NEGERI SEMBILAN, MALAYSIA.

BUSINESS ADDRESS: LOT B-1, GROUND FLOOR, BLOCK E SCAF, K.L INTERNATIONAL AIRPORT(KLIA),, 64000
KLIA, SELANGOR, MALAYSIA.

TEL.NO.

: 03-87874868

FAX.NO.

: 03-87873868

HP.NO.

: 0193607878

CONTACT PERSON: N/AINDUSTRY CODE

: 66221 561

PRINCIPAL ACTIVITY: INSURANCE AGENT, RESTAURANT OPERATORAUTHORISED CAPITAL: MYR 100,000.00 DIVIDED INTO
ORDINARY SHARE 100,000.00 OF MYR 1.00 EACH.

ISSUED AND PAID UP CAPITAL: MYR 100,000.00 DIVIDED INTO
ORDINARY SHARES 100,000 CASH OF MYR 1.00 EACH.

SALES: MYR 1,496,506 [2014]

NET WORTH: MYR 110,699 [2014]

STAFF STRENGTH: N/A

LITIGATION: CLEARDEFAULTER CHECK: CLEAR

FINANCIAL CONDITION: LIMITEDPAYMENT: N/A

MANAGEMENT CAPABILITY: AVERAGECOMMERCIAL RISK: HIGHCURRENCY EXPOSURE: N/A

GENERAL REPUTATION: SATISFACTORY

INDUSTRY OUTLOOK: MATURE

PROPOSED CREDIT LIMIT: MYR 18,000 (USD 5,000)

CREDIT RATING: B (Please refer to appendix)

PROPOSED CREDIT LIMIT: MYR 623,000 (USD 152,000)

2 / 13

HISTORY / BACKGROUNDThe 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 must have at least two directors. 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 besued by other companies. The liabilities of the shareholders are to the extent of the equity they have taken up and thecreditors cannot claim on shareholders' personal assets even if the Subject is insolvent. The Subject is governed by theCompanies Act, 1965 and the company must file its annual returns, together with its financial statements with the Registrar ofCompanies.
The Subject is principally engaged in the (as a / as an) insurance agent, restaurant operator.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).

Former Address(es)Address

As At Date

NO. 24A, JALAN 4/1B, SEKSYEN 4, 43650, SELANGOR, MALAYSIA

15/02/2013

Share Capital History
Date
15/02/2013

Authorised Shared Capital

Issue & Paid Up Capital

MYR 100,000.00

MYR 100,000.00

The major shareholder(s) of the Subject are shown as follows :Current Shareholder(s) :Name

IC/PP/Loc No

Shareholding(%)

MS. HAMIDAH BINTI JUSOH + NO.9, JALAN 3/16, BANGI PERDANA, SEKSYEN
3 TAMBAHAN, 43650 BANDAR BARU BANGI,SELANGOR, MALAYSIA.

Address

720522-03-5450
A2250764

60,000.00

60.00

MR. MOHAMAD SAIDI BIN
IBRAHIM +701117-03-5293
A1716494

40,000.00

40.00---------------------

NO.9, JALAN 3/16, 43650 BANDAR BARUBANGI, SELANGOR, MALAYSIA.

100,000.00 100.00============ =====+ Also Director

DIRECTORSDIRECTOR 1
Name Of Subject: MR. MOHAMAD SAIDI BIN IBRAHIM

Address: NO.9, JALAN 3/16, 43650 BANDAR BARU BANGI, SELANGOR, MALAYSIA.

IC / PP No: A1716494

New IC No: 701117-03-5293

Date of Birth: 17/11/1970

Nationality: MALAYSIAN

Date of Appointment: 07/07/2010

INTEREST CHECKInterest in companies:

see below

Interest in business:none in our databank

3 / 13

INTEREST IN COMPANY
Profit/(loss)
After Tax

Financial
Status As At
Year

07/07/2010 40,000.00

MYR18,331.00

2014

-

27/05/2016

Director

13/03/2014 4,000.00

MYR(4,443.00) 2015-27/05/2016

NADHI
PARKING
SDN. BHD.

Director

12/12/2012 6,000.00

MYR(3,820.00) 2013

Striking
27/05/2016
off

NADHI
PREMIER
FOOD SDN.
BHD.

Director

30/10/2015 0.00

0.00

-

No Local No

Company1907161K

NADHI EMASGROUP SDN. Director
BHD.

21084631KNADHI
GARMENTS(M) SDN.
BHD.

31027709M

1164198X

4

Designation App Date

Shareholding-

27/05/2016

DIRECTOR 2Name Of Subject: MS. HAMIDAH BINTI JUSOH

Address: NO.9, JALAN 3/16, BANGI PERDANA, SEKSYEN 3 TAMBAHAN, 43650 BANDAR BARU BANGI,SELANGOR, MALAYSIA.

IC / PP No: A2250764

New IC No: 720522-03-5450

Date of Birth: 22/05/1972

Nationality: MALAYSIAN

Date of Appointment: 23/09/2011

INTEREST CHECKInterest in companies:

see below

Interest in business:see below

INTEREST IN COMPANY
Profit/(loss)
After Tax

Financial
Status As At
Year

03/06/2014 12,000.00

0.00

-

-

27/05/2016

NADHI EMASGROUP SDN. Director
BHD.

23/09/2011 60,000.00

MYR18,331.00

2014

-

27/05/2016

1084631KNADHI
GARMENTS(M) SDN.
BHD.

Director

13/03/2014 6,000.00

MYR(4,443.00) 2015-27/05/2016

1027709M

NADHI
PARKING
SDN. BHD.

Director

12/12/2012 4,000.00

MYR(3,820.00) 2013

Striking
27/05/2016
off1164198X

NADHI
PREMIER
FOOD SDN.
BHD.

Director

30/10/2015 0.00

0.00

-

No Local No

Company

Designation App Date

1

1096147K

JALINANILMU SDN.
BHD.

Director

2907161K

3

4

5

Shareholding-

27/05/2016

INTEREST IN BUSINESSNo Local No

Business

Designation

App Date

Shareholding Status As At

4 / 13

1

SA0055780 AL WAFIAH SERVICES

SOLE
PROPRIETORSHIP

30/04/2007 100.00-

02/01/2015

2

SA0146867 AL WAFIAH SERVICES

SOLE
PROPRIETORSHIP

02/02/2010 100.00-

28/01/2014

MANAGEMENT
No data found in our databank.

AUDITOR
Auditor: KHAIRUL AZAHAR & CO.

Auditor' Address: 2, JALAN RAMPAI NIAGA 2, RAMPAI BUSINESS PARK, 53300 KUALA LUMPUR, WILAYAHPERSEKUTUAN, MALAYSIA.
COMPANY SECRETARIES

1) Company Secretary: MR. MOHD RADZI BIN LASIMIC / PP No: A1867406

New IC No: 710826-05-5275

Address: NO. 1304, JALAN SEMARAK 33, TAMAN PANCHOR JAYA, AMPANGAN, 70400 SEREMBAN,
NEGERI SEMBILAN, MALAYSIA.
BANKINGNo Banker found in our databank.

ENCUMBRANCE (S)ChargeNo

Creation
Date

ChargeDescription

1

01/04/2015

N/A

Chargee Name
SMALL MEDIUM ENTERPRISE
DEVELOPMENT BANK MALAYSIA
BERHAD

Total Charge-

StatusUnsatisfied

LITIGATION CHECK AGAINST SUBJECT* A check has been conducted in our databank againt 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.

DEFAULTER CHECK AGAINST SUBJECT* We have checked through the Subject in our defaulters' database which comprised of debtors that have been blacklisted byour customers and debtors that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters' databank.

PAYMENT RECORD
SOURCES OF RAW MATERIALS:
Local

: N/A

Overseas: N/A

5 / 13

We were unable to obtain information on the Subject's suppliers.
CLIENTELE

Local

: YES

Domestic Markets: MALAYSIA

Overseas: NO

Credit Term

: N/APayment Mode

: CHEQUESCASHPercentage: 100%OPERATIONS

Services
Branch: INSURANCE AGENT, RESTAURANT OPERATOR: NO

Other Information:
The Subject is principally engaged in the (as a / as an) insurance agent, restaurant operator.
The Subject is engaged in the food and beverage business as well as insurance business.

CURRENT INVESTIGATION

Latest fresh investigations carried out on the Subject indicated that :Telephone Number Provided By Client: N/ACurrent Telephone Number: 03-87874868

Match

: N/A

Address Provided by Client: LOT B-1, GROUND FLOOR, BLOCK E, SCAF, KL INTERNATIONAL AIRPORT 64000
SEPANG SELANGOR MALAYSIA

Current Address: LOT B-1, GROUND FLOOR, BLOCK E SCAF, K.L INTERNATIONALAIRPORT(KLIA),, 64000 KLIA, SELANGOR, MALAYSIA.

Match

: YES

Latest Financial Accounts: YES

Other Investigations
On 8th June 2016 we managed to obtain some information on the Subject.
We were unable to obtain the Subject's number of employees and bankers.

FINANCIAL ANALYSIS
Profitability
Turnover: Increased[

2011 - 2014]

Profit/(Loss) Before Tax: Decreased[

2011 - 2014]

Return on Shareholder Funds: Acceptable[

16.56%]

Return on Net Assets: Acceptable[

19.89%]The Subject's turnover increased steadily as the demand for its products / services increased due to the goodwill built up over
the years.The management had succeeded in turning the Subject into a profit making company. The profit could be due tobetter control of its operating costs and efficiency in utilising its resources. The Subject's management had generated
acceptable return for its shareholders using its assets.

6 / 13

Liquidity
Current Ratio: Unfavourable[

0.36 Times]

Due to its weak liquidity position, the Subject will be faced with problems in meeting all its short term obligations if no shortterm loan is obtained or additional capital injected into the Subject.
Solvency
Liability Ratio: Unfavourable[

2.69 Times]

The Subject has high liabilities ratio and it may face financial difficulties if no additional capital is injected.

Overall Assessment :The higher turnover had helped to reduce the Subject's losses. Due to its weak liquidity position, the Subject will be facedwith problems in meeting all its short term obligations if no short term loan is obtained or additional capital injected into the
Subject. 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 : LIMITED
MALAYSIA ECONOMIC / INDUSTRY OUTLOOKMajor Economic Indicators:

2011

2012

2013

2014*

2015**

Population ( Million)

28.7

29.3

29.8

30.0

30.5

Gross Domestic Products ( % )

5.1

5.6

5.3

6.0

4.7

Domestic Demand ( % )

8.2

9.4

5.6

6.4

6.2

Private Expenditure ( % )

8.2

8.0

8.6

7.9

6.9

Consumption ( % )

7.1

1.0

5.7

6.5

5.6

Investment ( % )

12.2

11.7

13.3

12.0

10.7

Public Expenditure ( % )

8.4

13.3

4.4

2.3

4.2

Consumption ( % )

16.1

11.3

(1.2)

2.1

3.8

Investment ( % )

(0.3)

15.9

4.2

2.6

4.7

Balance of Trade ( MYR Million )116,058

106,300

71,29882,48085,258Government Finance ( MYR Million )(45,511)(42,297)(39,993)(37,291)-

Government Finance to GDP / Fiscal Deficit ( % )

(5.4)

(4.5)

(4.0)

(3.5)

(3.0)

Inflation ( % Change in Composite CPI)

3.1

1.6

2.5

3.2

4.0

Unemployment Rate

3.3

3.2

3.0

2.9

3.2

Net International Reserves ( MYR Billion )

415

427

-

417

-

Average Risk-Weighted Capital Adequacy Ratio ( % )

3.50

2.20

-

4.00

-

Average 3 Months of Non-performing Loans ( % )

14.80

14.70

-

-

Average Base Lending Rate ( % )

6.60

6.53

6.53

6.85

-

Business Loans Disbursed( % )

15.3

32.2

-

56.0

-

23,546.1

26,230.4

38,238.0

43,486.6

-

-

-

-

-

-

Foreign Investment ( MYR Million )Consumer Loans ( % )Registration of New Companies ( No. )45,45545,441

46,321

49,203-

Registration of New Companies ( % )

3.0

(0.0)

1.9

6.1

-

Liquidation of Companies ( No. )132,485

17,092

26,43021,753-417.8(87.1)

54.6(17.7)-

284,598

324,761

329,895

332,723

-

5.0

14.0

2.0

1.0

-

20,121

20,38018,161

21,436

-

1.9

1.3

(10.9)

18.0-

Sales of New Passenger Cars (' 000 Unit )

535.1

552.2

576.7

598.4

610.3

Cellular Phone Subscribers ( Million )

35.3

38.5

43.0

44.0

44.2

Tourist Arrival ( Million Persons )

24.7

25.0

25.7

27.4

29.4

Liquidation of Companies ( % )Registration of New Business ( No. )Registration of New Business ( % )Business Dissolved ( No. )Business Dissolved ( % )7 / 13

Hotel Occupancy Rate ( % )

60.6

62.4

62.6

63.6

58.8

Credit Cards Spending ( % )

15.6

12.6

-

13.5

-

Bad Cheque Offenders (No.)

32,627

26,982

28,876--

Individual Bankruptcy ( No.)

19,167

19,57521,984--

Individual Bankruptcy ( % )

5.8

2.1

12.3

-

-

2011

2012

2013

2014*

2015**

INDUSTRIES ( % of Growth ):Agriculture

5.8

1.0

2.1

3.8

3.1

Palm Oil

10.8

(0.3)

2.6

6.7

-

RubberForestry & Logging
Fishing
Other Agriculture

6.1

(7.9)

(10.1)(10.4)

(7.6)

(4.5)

(7.8)

(4.2)

-

2.1

4.3

1.6

2.7

-

7.1

6.4

8.2

6.2

-

634.1

-

-

-

-

3.2

-

-

-

-

Mining

(5.4)

1.0

0.7

0.7

2.8

Oil & Gas

(1.7)

-

-

3.0

-

Industry Non-Performing Loans ( MYR Million )% of Industry Non-Performing Loans

Other Mining

-

-

-

46.6

-

Industry Non-performing Loans ( MYR Million )

46.5

-

-

-

-

% of Industry Non-performing Loans

0.1

-

-

-

-

Manufacturing #

4.7

4.8

3.4

6.4

5.5

Exported-oriented Industries

4.1

6.5

3.3

5.6

5.3

Electrical & Electronics

(4.0)

12.7

6.9

13.3

7.9

Rubber Products

20.7

3.0

11.7

(0.3)

3.4

Wood Products

(5.1)

8.7

(2.7)

5.1

7.1

Textiles & Apparel

13.2

(7.1)

(2.6)

11.5

7.2

Domestic-oriented Industries

10.7

1.7

6.8

9.4

3.3

Food, Beverages & Tobacco

4.80

2.70

3.60

6.13

8.90

Chemical & Chemical Products

10.0

10.8

5.6

1.4

-

Plastic Products

3.8

-

-

2.7

-

Iron & Steel

2.2

(6.6)

5.0

0.1

-

Fabricated Metal Products

21.8

13.8

9.9

2.9

3.6

Non-metallic Mineral

12.1

2.9

(2.0)

5.4

7.2

Transport Equipment

12.0

3.4

13.8

22.9

7.6

Paper & Paper Products

9.5

3.1

1.8

4.7

-

Crude Oil Refineries

9.3

-

-

13.0

-

6,537.2

-

-

-

-

% of Industry Non-Performing Loans

25.7

-

-

-

-

Construction

4.7

18.6

10.9

12.7

10.7

Industry Non-Performing Loans ( MYR Million )Industry Non-Performing Loans ( MYR Million )3,856.9

-

-

-

-

% of Industry Non-Performing Loans

10.2

-

-

-

-

Services

7.1

6.4

5.9

5.9

5.6

Electric, Gas & Water

3.5

4.4

4.2

3.6

3.9

Transport, Storage & Communication

6.50

7.10

7.30

7.50

7.15

Wholesale, Retail, Hotel & Restaurant

5.2

4.7

5.9

6.9

6.5

Finance, Insurance & Real Estate

6.90

9.70

3.70

4.65

4.25

Government Services

12.4

9.4

8.3

6.1

5.6

Other Services
Industry Non-Performing Loans ( MYR Million )% of Industry Non-Performing Loans

5.1

3.9

5.1

4.8

4.5

6,825.2

-

-

-

-

23.4

-

-

-

-

8 / 13

* Estimate / Preliminary** Forecast# Based On Manufacturing Production Index(Source : Department of Statistics / Economic Report / Bank Negara Report)

INDUSTRY ANALYSISMSIC CODE
66221 : Insurance agents
561 : Restaurants and mobile food service activities
INDUSTRY :FINANCIAL SERVICES

In first half of 2015, the finance and insurance sub-sector moderated to 1.1% (January – June 2014: 1.8%). The financesegment grew by 1.5% (January – June 2014:1.7%) due to slower growth in net interest and fee-based incomes. Total loan
applications contracted further by 1.5% to RM387 billion (January – June 2014: -0.8%; RM393 billion), while total loans
approved rebounded by 3.8% to RM196 billion (January – June 2014: -1.1%; RM189 billion) contributed by the businesssector. The insurance segment declined by 0.5% during the first half of 2015 (January – June 2014: 2.5%) due to higher
insurance claims and benefits paid. For 2015, the finance and insurance sub-sector is expected to expand, although at a
slower pace of 1.5% (2014: 2.3%).
The outlook for the general insurance industry for the second half of 2015 and 2016 is expected to be stagnant due to the fallin new car sales and the market value of used cars. Malaysian insurance companies must be able to analyze and assess the
economic and political risks and opportunities which could impinge on their internal strategic planning.
The Financial Services NKEA under ETP (Economic Transformation Programme) focused on developing Malaysia's financial
industry, which represents a core component and key driver of the Malaysian economy, in tandem with the needs of ahigh-income nation. The industry however has faced several challenges in achieving its next stages of growth. Among these isa lack of scale in certain segments of the banking industry, which has hindered the competitiveness of local banks against
some of their regional neighbors. In addition, the types of investors, products and currencies available in the capital markets
must be extended to enable continued economic growth. The financial service NKEA is target to grow the industry's GNI
contribution to RM180.2 billion and create 275,400 new jobs by 2020.
Besides, Malaysia remains largely a cash-based society. The financial services NKEA also seeks to create an efficient economy
and reduce dependence on cash transactions to 63 % of total transactions by 2020. Other efforts implemented under thisNKEA include the Ministry of Finance gradually increasing the stamp duty on cheques and eliminating the use of cheques in
Government-related payments. This will also be undertaken to further integrate and promote cross-border financial intermediation in the retail market.
Furthermore, under the ETP, Islamic banking has been identified as one of the key sectors which are expected to contribute toa higher and more sustainable economic growth. This will encourage greater financial and trade flows between Malaysia andforeign countries particularly Asia and the Middle East. Malaysia is now recognised as the pioneer and at the forefront ofIslamic banking and finance. In terms of product development, Malaysia is expected to introduce more new and innovative
Islamic banking products including structured deposit and derivatives & hedging products. Malaysia will continue to broaden
the range of Islamic finance products in efforts to become an international Islamic finance hub.
OVERALL INDUSTRY OUTLOOK : Mature

CREDIT RISK EVALUATION & RECOMMENDATION
Incorporated in 2010, the Subject is a Private Limited company, focusing on insurance agent, restaurant operator. Having
been in business for more than 5 years, the Subject has established a remarkable clientele base for itself which has
contributed to its business growth. Being a small company with an issued and a paid up capital of MYR 100,000 contributed
from individual shareholders, the Subject does not have strong shareholders' backing. Without a strong backing, the Subject
may face difficulties in its attempt to further expand its business in the future.
Investigation revealed that the Subject concentrates only on the local market. This narrow market segment has placed the
Subject at high business risk and limits its business expansion opportunities. Any adverse changes to the local economy

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might have a negative impact on the Subject's business performance. Overall, we regard that the Subject's management
capability is average. This indicates that the Subject has greater potential to improve its business performance and raisingincome for the Subject.
We noted that both the turnover and profits have increased compared to the previous year. The higher profit could be due toincrease in turnover and better control over its operating costs. Return on shareholders' funds of the Subject was at an
acceptable range which indicated that the management was efficient in utilising its funds to generate income. Due to its weakliquidity position, the Subject may face working capital deficiency in meeting its short term financial obligations if no fresh
capital are injected into the Subject. The Subject has high liabilities ratio and it may face financial difficulties if no additional
capital is injected.
The industry has reached its optimum level and is generally stable. It is saturated and very competitive. Thus, the Subject's
growth prospect is very much depends on its capacity in sustaining its performance in the market.
In view of the above, we recommend credit be granted to the Subject with close monitoring.

~ END OF REPORT ~===============================================================================================================DISCLAIMER : This report is based on information obtained by us from sources believed to be true. How ever w e do not make any representation as to its
accuracy. Any advice or recommendation contained in this report or any sales or purchase of securities has been given w ithout regard to the specific investment
objectives, financial situations and the particular needs of any specific addressee. This report is for the information of the addressee only and is not to beconstrued as an offer or solicitation of an offer to buy/sell securities or to approve/reject any credit application. We accept no liability whatsoever for any direct orconsequential loss arising from any use of this report or further communication given in relation to this report.
===============================================================================================================PROFIT AND LOSS ACCOUNTTHE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS)
NADHI EMAS GROUP SDN. BHD.
Financial Year End
Months

2014-08-31

2013-08-31

2012-08-31

2011-08-31

12

12

12

12

Company

Company

Company

Company

Audited Account

YES

YES

YES

YES

Unqualified Auditor's Report (Clean
Opinion)

YES

YES

YES

YES

SUMMARY

SUMMARY

SUMMARY

SUMMARY

MYR

MYR

MYR

MYR

Consolidated AccountFinancial Type
Currency
TURNOVER
Total Turnover

PROFIT/(LOSS) FROM OPERATIONS

1,496,506

281,167

235,015

326,487----------------------------------------------------------------

1,496,506

281,167

235,015

326,487----------------------------------------------------------------

22,019(5,665)(7,714)

11,191----------------------------------------------------------------PROFIT/(LOSS) BEFORE TAXATION

22,019(5,665)(7,714)

11,191

Taxation(3,688)(2,271)(389)(2,784)----------------------------------------------------------------PROFIT/(LOSS) AFTER TAXATION

18,331(7,936)(8,103)8,407----------------------------------------------------------------(7,632)

304

8,407

-

----------------------------------------------------------------(7,632)

304

8,407

-

RETAINED PROFIT/(LOSS)BROUGHT FORWARD
As previously reported
As restated

10 / 13

PROFIT AVAILABLE FOR
APPROPRIATIONSRETAINED PROFIT/(LOSS) CARRIEDFORWARD----------------------------------------------------------------

10,699(7,632)

304

8,407

----------------------------------------------------------------

10,699(7,632)

304

8,407

============= ============= ============= =============BALANCE SHEETNADHI EMAS GROUP SDN. BHD.
ASSETS EMPLOYED:FIXED ASSETS

302,80787,621

79,953

51,107----------------------------------------------------------------TOTAL LONG TERM ASSETS

302,80787,621

79,953

51,107TOTAL CURRENT ASSETS

106,187

81,14778,735211,386----------------------------------------------------------------

408,994

168,768

158,688262,493

TOTAL ASSET============= ============= ============= =============TOTAL CURRENT LIABILITIESNET CURRENT ASSETS/(LIABILITIES)TOTAL NET ASSETS

298,295

76,40058,384

154,086----------------------------------------------------------------(192,108)

4,747

20,35157,300----------------------------------------------------------------

110,699

92,368100,304

108,407============= ============= ============= =============SHARE CAPITAL
Ordinary share capital
TOTAL SHARE CAPITAL
Retained profit/(loss) carried forward
TOTAL RESERVESSHAREHOLDERS' FUNDS/EQUITY

100,000

100,000

100,000

100,000----------------------------------------------------------------

100,000

100,000

100,000

100,000

10,699(7,632)

304

8,407

----------------------------------------------------------------

10,699(7,632)

304

8,407

----------------------------------------------------------------

110,699

92,368100,304

108,407----------------------------------------------------------------

110,699

92,368100,304

108,407============= ============= ============= =============FINANCIAL RATIONADHI EMAS GROUP SDN. BHD.
TYPES OF FUNDSNet Liquid Assets(192,108)Net Current Assets/(Liabilities)

4,747

20,35157,300(192,108)

4,747

20,35157,300Net Tangible Assets

110,699

92,368100,304

108,407

Net Monetary Assets(192,108)

4,747

20,35157,30011 / 13

BALANCE SHEET ITEMS
Total Liabilities

298,295

76,40058,384

154,086

Total Assets

408,994

168,768

158,688262,493

Net Assets

110,699

92,368100,304

108,407

Net Assets Backing

110,699

92,368100,304

108,407

Shareholders' Funds

110,699

92,368100,304

108,407

Total Share Capital

100,000

100,000

100,000

100,000

Total Reserves

10,699(7,632)

304

8,407

0.36

1.06

1.35

1.37

Liabilities Ratio

2.69

0.83

0.58

1.42

Assets Backing Ratio

1.11

0.92

1.00

1.08

Operating Profit Margin

1.47(2.01)(3.28)

3.43

Net Profit Margin

1.22(2.82)(3.45)

2.57

Return On Net Assets

19.89(6.13)(7.69)

10.32

Return On Capital Employed

19.89(6.13)(7.69)

10.32

Return On Shareholders' Funds/Equity

16.56(8.59)(8.08)

7.76

LIQUIDITY (Times)
Current Ratio
SOLVENCY RATIOS (Times)

PERFORMANCE RATIO (%)

12 / 13APPENDIX
RATING

CREDIT SCORE

AA

86 - 100

Very Low

Credit can be proceeded with favourable terms

Large amountA

71 - 85

Low

Credit can be proceeded promptly

Fairly large amountBB

56 - 70

Below Average

Credit can be proceeded normally

Moderate amountB

41 - 55

Average

Credit can be proceeded with close monitoring

Small amount periodicallyC

26 - 40

Above Average

Credit can be extended under guarantee

Cash on Delivery to small amountD

11- 25High

Credit is not recommended

Cash on Delivery

E

< 11

Very HighNot qualified for credit assessment

Deposit or advance payment

RATINGAVERAGEDEFAULTRATEAAA

CREDIT RISKCREDIT RECOMMENDATIONDEFAULT RATE RANGEPROBABILITY OF
DEFAULT RISK

0.47%

< 0.75%

Very Low Default Risk

0.92%

0.75% - < 1.5%

Low Default Risk

BB

2.12%

1.5% - < 2.5%

Moderate Default Risk

B

3.62%

2.5% - < 5%

Average Default Risk

C

7.38%

5% - < 10%

Substantial Default
Risk

D

21.42%

10% - < 30%

High Default Risk

E

61.04%>= 30%PROPOSED CREDIT LIMIT(in concerned business field)

Very High Default Risk

CREDIT RATING DEFINITION
The credit rating scale is an ordinal measure of risk where successive move down the scale represents an exponential increase in credit risk.
The rating reflects the credit risk and confidence level of Subject and serves as a guide in setting the amount of credit to be extended.
It is calculated from a composite weighted scores obtained from each of the macro and micro analyses as epitomized by the 6 Cs.
CHARACTER (15%)
It refers to the study of Subject years of establishment, legal status and its
shareholders or owners.
CAPITAL (40%)
It refers to an evaluation of the financial position of the Subject by taking
consideration of its capital adequacy, management efficiency, earning, liquidity andleverage position.
CAPACITY (10%)

It refers to the study of the management capacity in performing contracts orundertaking projects and the degree of client diversification.

CREDIBILITY (20%)
It refers to the Subject's credibility in honoring its obligations
through an evaluation of its payment records and credit history.
CONDITION (10%)
It refers to the benchmarking and trend analysis of Subject
performance against the macro-economic and industry data.

CONTIGENCY (5%)
It refers to the study of the asset quality and the readiness of
the Subject in facing any untoward event in the future.

In case of unlimited companies, currently commenced companies, lack of financial data or businesses, more weight is given to other 5 Cs(non-financial
measures) in our analysis.
DEFAULT RATING DEFINITION
Default rate defined as the probability of the Subject with given credit rating default within the next 12 months period.
The Subject is deemed default upon the first occurrence of any of the events such as a missed or delayed disbursement of interest and/or principal, a
distressed exchange with creditor, company winding up or company dissolution.
Default rate is generated from the statistic stochastic model, namely Transition Probability Matrix (TPM) Model.
TPM Model consist of a rating transition probability matrix built based on discrete-time Markov chain using the Cohort approach along with time
homogeneity and non-informative transition assumptions.
CREDIT LIMIT DEFINITION
The credit limit is determined with consideration of Subject's financial health, payment record, industry outlook, credit history and adjusted accordinglywith reference to the credit rating identified.
The proposed credit limit of evaluated Subject is the recommended outstanding total amount of credit to the Subject at any time.

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