|
EXECUTIVE
SUMMARY
|
REGISTRATION NO.
|
:
|
713162-X
|
|
COMPANY NAME
|
:
|
ANJUR EKAR SDN BHD
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
19/10/2005
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL STATUS
|
:
|
PRIVATE LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
26-2, LORONG 6E/91, TAMAN SHAMELIN PERKASA, 56100 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
27 JALAN TAMBUR 33/19, SHAH ALAM TECHNOLOGY PARK,
SEKSYEN 33, 40400 SHAH ALAM, SELANGOR, MALAYSIA.
|
|
TEL.NO.
|
:
|
03-51221319
|
|
FAX.NO.
|
:
|
03-51221391
|
|
WEB SITE
|
:
|
www.anjurekar.com
|
|
CONTACT PERSON
|
:
|
NGAI CHONG SING ( EXECUTIVE DIRECTOR )
|
|
INDUSTRY CODE
|
:
|
31900
|
|
PRINCIPAL ACTIVITY
|
:
|
DESIGN & BUILD POWER SYSTEM AND RELATED EQUIPMENT
|
|
AUTHORISED 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 13,940,671 [2006]
|
|
NET WORTH
|
:
|
MYR 337,913 [2006]
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
25 [2008]
|
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
|
FINANCIAL CONDITION
|
:
|
FAIR
|
|
|
PAYMENT
|
:
|
N/A
|
|
|
MANAGEMENT CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
|
|
|
COMMERCIAL RISK
|
:
|
MODERATE
|
|
|
CURRENCY EXPOSURE
|
:
|
MODERATE
|
|
|
GENERAL REPUTATION
|
:
|
SATISFACTORY
|
|
|
INDUSTRY OUTLOOK
|
:
|
MARGINAL GROWTH
|
|
|
|
|
|
|
HISTORY
/ BACKGROUND
The SC 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
SC must have at least two directors. A private limited company is a separate
legal entity from its shareholders. As a separate legal entity, the SC 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 SC is insolvent. The SC 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 SC is principally engaged in the (as a / as an) design & build power
system and related equipment.
The SC is not listed on Bursa Malaysia (Malaysia Stock Exchange).
The SC is not qualified to be one of the Top Corporate Performers in the
Malaysia 1000 (M1000) publication, a directory jointly published by Companies
Commission of Malaysia (The Registrar Office), Minister of Domestic Trade and
Consumer Affairs and our publication arm, BASIS Publications House Sdn Bhd.
The major shareholder(s) of the
SC are shown as follows
|
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
|
MR. ABDUL WAHID BIN PAIJO +
|
13, JALAN NURI 7/17C, KOTA DAMANSARA, 47810 PETALING
JAYA, SELANGOR, MALAYSIA.
|
671230-01-5775
A0852157
|
30,000.00
|
|
MR. NGAI CHONG SING +
|
2A, LORONG SIANTAN, TAMAN P RAMLEE, SETAPAK, 53000 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
740104-14-5495
A2711957
|
30,000.00
|
|
MS. MARIANI BINTI MUSTAFA KAMAL +
|
3, JALAN PENDING 5, BANDAR PUTERI, 42000 PELABUHAN
KLANG, SELANGOR, MALAYSIA.
|
750611-10-5008
|
20,000.00
|
|
MR. ZULKIFLI BIN ABDUL GANI
|
24, JALAN LUNDU 7, TAMAN BERINGIN, JINJANG UTARA, 52000
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
720817-04-5031
A2198807
|
20,000.00
|
|
|
|
|
---------------
|
|
|
|
|
100,000.00
|
|
|
|
|
============
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
MS. MARIANI BINTI MUSTAFA KAMAL
|
|
Address
|
:
|
3, JALAN PENDING 5, BANDAR PUTERI, 42000 PELABUHAN
KLANG, SELANGOR, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
750611-10-5008
|
|
Date of Birth
|
:
|
11/06/1975
|
|
Nationality
|
:
|
MALAYSIAN MALAY
|
|
Date of Appointment
|
:
|
28/02/2006
|
DIRECTOR 2
|
Name Of Subject
|
:
|
MR. NGAI CHONG SING
|
|
Address
|
:
|
2A, LORONG SIANTAN, TAMAN P RAMLEE, SETAPAK, 53000 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
IC / PP No
|
:
|
A2711957
|
|
New IC No
|
:
|
740104-14-5495
|
|
Date of Birth
|
:
|
04/01/1974
|
|
Nationality
|
:
|
MALAYSIAN CHINESE
|
|
Date of Appointment
|
:
|
02/02/2007
|
DIRECTOR 3
|
Name Of Subject
|
:
|
MR. ABDUL WAHID BIN PAIJO
|
|
Address
|
:
|
13, JALAN NURI 7/17C, KOTA DAMANSARA, 47810 PETALING
JAYA, SELANGOR, MALAYSIA.
|
|
IC / PP No
|
:
|
A0852157
|
|
New IC No
|
:
|
671230-01-5775
|
|
Date of Birth
|
:
|
30/12/1967
|
|
Nationality
|
:
|
MALAYSIAN MALAY
|
|
Date of Appointment
|
:
|
02/02/2007
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
NGAI CHONG SING
|
|
|
Position
|
:
|
EXECUTIVE DIRECTOR
|
|
|
|
|
|
AUDITOR
|
Auditor
|
:
|
PETER OOI & CO
|
|
Auditor' Address
|
:
|
12A, JALAN MEDAN IPOH 1B, MEDAN IPOH BESTARI, 30000
IPOH, PERAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
COMPANY
SECRETARIES
|
1)
|
Company Secretary
|
:
|
MS. LIEW SIEW LIN
|
|
|
IC / PP No
|
:
|
A0273071
|
|
|
New IC No
|
:
|
650823-02-5044
|
|
|
Address
|
:
|
897, JALAN SELESA, TAMAN GEMBIRA, 58200 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
Date of Appointment
|
:
|
28/02/2006
|
|
|
|
|
|
|
|
|
|
|
|
2)
|
Company Secretary
|
:
|
MR. CHAN THIAN SENG
|
|
|
|
|
|
|
|
New IC No
|
:
|
770907-06-5525
|
|
|
Address
|
:
|
BLOCK G4, 108 WANGSA MAJU, SECTION 2, 53300 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
Date of Appointment
|
:
|
23/07/2007
|
|
|
|
|
|
|
|
|
|
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
PUBLIC BANK BHD
|
|
|
|
|
|
The SC enjoys normal banking routine with above mentioned
banker(s). The SC has bank charges with above mentioned banker(s).
ENCUMBRANCE
(S)
ENCUMBRANCE 1
|
Date of Creation
|
:
|
24/07/2007
|
|
Description Of Charge
|
:
|
|
|
Amount Secured
|
:
|
RM1,000,000.00
|
|
Description Of Property Affected
|
:
|
|
|
Name & Address Of Chargee
|
:
|
|
|
Form 40 Dated
|
|
Registered and Numbered 1 In The Register of Charges
|
ENCUMBRANCE 2
|
Date of Creation
|
:
|
27/11/2007
|
|
Description Of Charge
|
:
|
|
|
Amount Secured
|
:
|
RM100,000.00
|
|
Description Of Property Affected
|
:
|
|
|
Name & Address Of Chargee
|
:
|
|
|
Form 40 Dated
|
|
Registered and Numbered 2 In The Register of Charges
|
LEGAL
CHECK AGAINST SC
* A check has been conducted in our databank againt the SC whether the
subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia back dated since 1900.
No legal action was found in our databank.
No winding up petition was found in our databank.
PAYMENT
RECORD
|
|
|
|
SOURCES OF RAW MATERIALS:
|
|
Local
|
:
|
YES
|
|
Overseas
|
:
|
YES
|
|
Import Countries
|
:
|
EUROPE,ASIA
|
CLIENTELE
|
Local
|
:
|
YES
|
Percentage
|
:
|
90%
|
|
Domestic Markets
|
:
|
MALAYSIA
|
|
Overseas
|
:
|
YES
|
Percentage
|
:
|
10%
|
|
Export Market
|
:
|
ASIA
|
|
Credit Term
|
:
|
30 - 60 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES,TELEGRAPHIC TRANSFER (TT)
|
|
Type of Customer
|
:
|
END USERS
|
|
|
|
|
|
|
|
The SC has installed and commissioned many Electrical Power Generation
Projects ranging from Commercial Buildings, Electronic Industries, Airports,
Hypermarkets, Schools and the Oil & Gas Industries.
The SC concentrates more on the local projects at this moment.
OPERATIONS
|
Products manufactured
|
:
|
|
POWER SYSTEM AND RELATED EQUIPMENT
|
|
|
|
|
|
|
Competitor(s)
|
:
|
|
COB TECHNOLOGY ASIA SDN BHD
|
|
KHIND HOLDINGS BHD
|
|
RECTRON (M) SDN BHD
|
|
TAMCO CORPORATE HOLDINGS SDN BHD
|
|
TECO INDUSTRY (MALAYSIA) SDN BHD
|
|
|
|
|
|
|
Total Number of Employees:
|
|
YEAR
|
2008
|
|
|
|
|
GROUP
|
N/A
|
|
|
|
|
|
|
|
|
|
COMPANY
|
25
|
|
|
|
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) design & build power
system and related equipment.
The SC undertakes design & build of POWER SYSTEM solutions.
The SC has already ventured into the various projects implemented by the
Government sectors, Government-linked Companies (GLC) and also the Private
Sectors.
According to the SC, it sources the components and the parts mainly from the
overseas countries and assembles the complete set locally.
PROJECTS
No projects found in our databank
RECENT
DEVELOPMENT
We have checked with the Malaysian National News Agency's (BERNAMA)database,
but no latest development was noted in our investigation.
CURRENT
INVESTIGATION
Latest fresh
investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client
|
:
|
N/A
|
|
Current Telephone Number
|
:
|
03-51221319
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
NO. 27 JALAN TAMBUR 33/19, SHAH ALAM TECHNOLOGY PARK,
40400 SHAH ALAM SELANGOR
|
|
Current Address
|
:
|
27 JALAN TAMBUR 33/19, SHAH ALAM TECHNOLOGY PARK,
SEKSYEN 33, 40400 SHAH ALAM, SELANGOR, MALAYSIA.
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
YES
|
Other Investigations
We contacted Ms Nicole from the Admin Department. She provided some
information on the SC.
FINANCIAL
COMMENTS
The
financial summary of the SC in Year 2006 showed that it was financially FAIR.
Return on shareholders' funds of the SC was high indicating that the SC was
efficient in utilising its shareholders' funds to generate favourable
returns. Besides this, it also has an adequate liquidity position with its
current liabilities well covered by its current assets. With its net current
assets, the SC should be able to repay its short term obligations. Although
the SC's liability ratio is high, it is mainly due to high current
liabilities rather than long term debt. However, the high current liabilities
are well covered by its large current assets, indicating that the SC does not
face any shortage in short term working capital.
Overall financial condition of the SC : FAIR
ECONOMIC
/ INDUSTRY OUTLOOK
|
Major Economic Indicators:
|
2004
|
2005
|
2006
|
2007*
|
2008**
|
|
|
|
|
|
|
|
|
Population ( Million)
|
25.58
|
26.13
|
26.64
|
27.17
|
27.73
|
|
Gross Domestic Products ( % )
|
7.1
|
5.3
|
5.8
|
6.3
|
6.5
|
|
Domestic Demand ( % )
|
7.5
|
7.3
|
7.0
|
9.0
|
6.8
|
|
Private Expenditure ( % )
|
13.1
|
9.5
|
7.0
|
8.6
|
8.2
|
|
Consumption ( % )
|
10.5
|
9.2
|
7.1
|
9.0
|
7.9
|
|
Investment ( % )
|
25.8
|
8.5
|
7.0
|
7.1
|
9.5
|
|
Public Expenditure ( % )
|
<2.1>
|
3.6
|
6.8
|
10.1
|
3.2
|
|
Consumption ( % )
|
6.0
|
5.4
|
5.0
|
10.8
|
5.5
|
|
Investment ( % )
|
<8.7>
|
1.9
|
8.9
|
9.3
|
0.5
|
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million )
|
80,663
|
99,760
|
108,192
|
99,965
|
99,599
|
|
Government Finance ( MYR Million )
|
<19,419>
|
<18,684>
|
<19,109>
|
<19,948>
|
<20,933>
|
|
Government Finance to GDP / Fiscal Deficit ( % )
|
<4.3>
|
<3.8>
|
<3.3>
|
<3.2>
|
<3.1>
|
|
Inflation ( % Change in Composite CPI)
|
1.4
|
3.1
|
3.9
|
4.0
|
4.0
|
|
Unemployment Rate
|
3.5
|
3.5
|
3.4
|
3.5
|
3.3
|
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion )
|
254
|
266
|
290
|
-
|
-
|
|
Average Risk-Weighted Capital Adequacy Ratio ( % )
|
13.84
|
13.63
|
12.91
|
-
|
-
|
|
Average 3 Months of Non-performing Loans ( % )
|
8.46
|
6.74
|
5.41
|
-
|
-
|
|
Average Base Lending Rate ( % )
|
5.99
|
6.00
|
6.61
|
-
|
-
|
|
Business Loans Disbursed( % )
|
10.5
|
8.7
|
<2.5>
|
-
|
-
|
|
Foreign Investment ( MYR Million )
|
13,143.9
|
17,882.9
|
20,228.0
|
-
|
-
|
|
Consumer Loans ( % )
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Companies ( No. )
|
38,580
|
37,474
|
38,293
|
-
|
-
|
|
Registration of New Companies ( % )
|
6.8
|
<2.9>
|
2.2
|
-
|
-
|
|
Liquidation of Companies ( No. )
|
3,334
|
3,069
|
8,647
|
-
|
-
|
|
Liquidation of Companies ( % )
|
<15.8>
|
<7.9>
|
181.8
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Business ( No. )
|
189,206
|
193,095
|
216,147
|
-
|
-
|
|
Registration of New Business ( % )
|
4.6
|
2.1
|
11.9
|
-
|
-
|
|
Business Dissolved ( No. )
|
51,301
|
73,355
|
52,879
|
-
|
-
|
|
Business Dissolved ( % )
|
7.0
|
43.0
|
<27.9>
|
-
|
-
|
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit )
|
380.6
|
400.8
|
374.1
|
-
|
-
|
|
Cellular Phone Subscribers ( Million )
|
14.6
|
18.5
|
19.5
|
21.3
|
-
|
|
Tourist Arrival ( Million Persons )
|
15.7
|
16.7
|
17.5
|
20.1
|
-
|
|
Hotel Occupancy Rate ( % )
|
60.8
|
63.6
|
64.8
|
-
|
-
|
|
|
|
|
|
|
|
|
Credit Cards Spending ( % )
|
19.3
|
13.9
|
15.4
|
-
|
-
|
|
Bad Cheque Offenders (No.)
|
70,465
|
57,316
|
36,555
|
-
|
-
|
|
Individual Bankruptcy ( No.)
|
16,251
|
15,868
|
13,596
|
-
|
-
|
|
Individual Bankruptcy ( % )
|
31.6
|
<2.4>
|
<14.3>
|
-
|
-
|
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ):
|
2004
|
2005
|
2006
|
2007*
|
2008**
|
|
|
|
|
|
|
|
|
Agriculture
|
5.0
|
2.5
|
5.3
|
3.1
|
3.4
|
|
Palm Oil
|
3.9
|
7.1
|
5.8
|
<0.6>
|
-
|
|
Rubber
|
16.5
|
<2.9>
|
12.6
|
1.0
|
-
|
|
Forestry & Logging
|
4.3
|
2.0
|
<0.4>
|
2.8
|
-
|
|
Fishing
|
5.5
|
<0.4>
|
9.3
|
5.2
|
-
|
|
Other Agriculture
|
2.4
|
3.2
|
5.3
|
7.0
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
620.3
|
563.7
|
516.5
|
487.3
|
0
|
|
% of Industry Non-Performing Loans
|
1.38
|
1.19
|
1.06
|
1.08
|
0
|
|
|
|
|
|
|
|
|
Mining
|
3.9
|
0.8
|
<0.4>
|
3.3
|
6.0
|
|
Oil & Gas
|
4.5
|
1.6
|
4.6
|
-
|
-
|
|
Other Mining
|
<8.0>
|
<1.0>
|
5.1
|
-
|
-
|
|
Industry Non-performing Loans ( MYR Million )
|
62.6
|
68.8
|
55.4
|
42.2
|
-
|
|
% of Industry Non-performing Loans
|
0.1
|
0.1
|
0.1
|
0.1
|
-
|
|
|
|
|
|
|
|
|
Manufacturing #
|
9.8
|
5.1
|
7.3
|
3.1
|
1.8
|
|
Exported-oriented Industries
|
15.5
|
3.0
|
11.1
|
<1.9>
|
-
|
|
Electrical & Electronics
|
17.8
|
3.6
|
13.4
|
3.0
|
-
|
|
Rubber Products
|
14.8
|
2.4
|
0.4
|
8.0
|
-
|
|
Wood Products
|
12.7
|
0.9
|
0.7
|
3.3
|
-
|
|
Textiles & Apparel
|
<11.7>
|
<4.4>
|
12.6
|
<10.1>
|
-
|
|
Domestic-oriented Industries
|
9.7
|
6.9
|
5.0
|
5.3
|
-
|
|
Food, Beverages & Tobacco
|
3.8
|
7.7
|
4.8
|
5.6
|
-
|
|
Chemical & Chemical Products
|
14.6
|
6.9
|
1.7
|
9.2
|
-
|
|
Plastic Products
|
13.5
|
18.6
|
21.3
|
<3.6>
|
-
|
|
Iron & Steel
|
2.7
|
<6.7>
|
<6.9>
|
17.5
|
-
|
|
Fabricated Metal Products
|
29.2
|
<7.5>
|
20.0
|
26.2
|
-
|
|
Non-metallic Mineral
|
<4.8>
|
<6.0>
|
<1.9>
|
6.6
|
-
|
|
Transport Equipment
|
8.6
|
10.4
|
5.3
|
<19.0>
|
-
|
|
Paper & Paper Products
|
2.3
|
4.6
|
4.1
|
14.9
|
-
|
|
Crude Oil Refineries
|
<2.4>
|
8.2
|
12.1
|
8.6
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
7,765.4
|
6,035.6
|
6,181.3
|
6,366.2
|
-
|
|
% of Industry Non-Performing Loans
|
17.3
|
12.7
|
12.7
|
14.1
|
-
|
|
|
|
|
|
|
|
|
Construction
|
<1.5>
|
<1.6>
|
<0.5>
|
5.2
|
5.5
|
|
Industry Non-Performing Loans ( MYR Million )
|
5,547.7
|
5,172.7
|
5,527.3
|
5,116.7
|
-
|
|
% of Industry Non-Performing Loans
|
12.4
|
10.9
|
11.4
|
11.3
|
-
|
|
|
|
|
|
|
|
|
Services
|
6.8
|
6.6
|
7.2
|
9.0
|
7.7
|
|
Electric, Gas & Water
|
8.1
|
5.5
|
5.2
|
4.6
|
5.0
|
|
Transport, Storage & Communication
|
8.5
|
6.3
|
5.2
|
7.6
|
7.8
|
|
Wholesale, Retail, Hotel & Restaurant
|
7.1
|
8.0
|
7.1
|
11.6
|
10.0
|
|
Finance, Insurance & Real Estate
|
6.3
|
7.0
|
7.7
|
10.7
|
9.2
|
|
Government Services
|
6.5
|
7.6
|
9.8
|
4.6
|
8.6
|
|
Other Services
|
4.9
|
5.0
|
4.7
|
5.0
|
5.9
|
|
Industry Non-Performing Loans ( MYR Million )
|
8,913.7
|
8,716.8
|
11,593.2
|
10,207.8
|
-
|
|
% of Industry Non-Performing Loans
|
19.9
|
18.4
|
23.9
|
22.6
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Estimate / Preliminary
|
|
|
|
|
|
|
** Forecast
|
|
|
|
|
|
|
# Based On Manufacturing Production Index
(Source : Department of Statistics / Economic Report / Bank Negara Report)
|
INDUSTRY COMMENTS
|
MSIC CODE
|
|
31900 : Manufacture of other electrical equipment n.e.c.
|
|
|
|
|
INDUSTRY :
|
ELECTRICAL & ELECTRONIC
|
|
|
|
|
|
|
The electrical and electronics (E&E) industry is the key driver of
Malaysia's industrial development and a major contributor to Gross Domestic
Product (GDP) growth, export earnings, investment and employment. Malaysia
is a leading exporter of semiconductors and room air-conditioners, while
the production of electronics goods such as telecommunications equipment,
computers and computer peripherals is expanding rapidly.
|
|
Output of E&E industry declined by 5.6% (January-June 2006: 13.4%) on
account of weak global demand. Export-oriented industries contracted in the
first six months of 2007 following the downtrend in the global demand for
E&E products, particularly office and accounting machines as well as
video and communication apparatus.
|
|
Export growth is expected to pick up momentum towards the second half in
2007 supported by firm commodity prices and an upswing in the global demand
for electrical and electronics products (E&E). For 2007, gross exports
are expected to remain strong despite a moderate expansion in global trade.
|
|
The slow pick up of demand from the electrical and electronic sector is
expected to be a drag on Malaysia's export growth in September 2007. The
exports are expected to post an average growth of 0.42 per cent year-on
year, supported by imports which may average 4.11 per cent year-on year and
trade balance of about RM8.53 billion. Malaysia's export, which had remained
soft for a couple of months expanded by a marginal 0.3 per cent
year-on-year in August 2007 due to a 10.9 per-cent increase in the electric
and electronic (E&E) products from July 2007.
|
|
The E&E industry continues to expand and reinvest, bringing in new
technology and processes to move further up the value chain. This is
reflected in the total approved investments and increasing
capital-investment-to-employee ratio (CIPE). As total investment approved
for the industry in the first half of this year was RM8.5 billion, Malaysia
is on track to achieve the IMP3 target.
|
|
The Third Industrial Master Plan (IMP3) provides a clear plan of action to
move the E&E industry up the value chain. Among the strategies are:
|
|
1) Strengthening and deepening the semiconductors sub-segment;
|
|
2) Deepening and widening the development of the information and
communications technology (ICT)
|
|
value chain;
|
|
3) Intensifying research and development (R&D) and design activities;
|
|
4) Promoting the application of new and emerging technologies;
|
|
5) Integrating domestic companies into the regional and global supply
chain; and
|
|
6) Making available skilled workforce.
|
|
In addition, the IMP3 proposed strengthening of institutional support,
including a comprehensive package of support schemes to encourage
investments as well as expanding the role and functions of industry
associations. With the comprehensive implementation of action plans, the
E&E industry is anticipated to further strengthen and migrate towards
knowledge-intensive, high-technology and higher value-added activities.
|
|
Robust global demand for electrical and electronics (E&E) products, is
expected to boost export- oriented industries in 2008. The rise in global
demand will be supported by sustained world growth and strengthening US
economy.
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Marginal Growth
|
COMMENTS
|
Incorporated in 2005, as a private limited company, the SC is principally
engaged in design and build of power system and other related equipments.
Having been in the industry for less than three years, the SC has slowly
been building up its reputation in the market. With a small paid up capital
of RM100,000, the SC's management should put more efforts on its business
operations to keep its business going. Overall, the SC's business position
in the market is considered quite stable.
|
|
In an effort to strengthen its position in the market, the SC had expanded
its business into the global market such as Asia. This global move has
diversified its business risk. As the SC ventured into various projects
implemented by the Government sectors, Government-linked Companies (GLC)
and also the Private Sectors, it gained higher market share against other
rivals in the same industry. Presently, the SC has a work force of 25
employees in the operations. The management capability is regarded as
average.
|
|
For the financial year 2006, the SC reported pre-tax profit of RM296,913
based on its turnover of RM13,940,671. Return on shareholders' funds is
relatively high, indicating that the SC has generated a favourable return
based on its shareholders' funds. Besides that, with its current
liabilities well covered by its current assets, the SC is able to repay its
short term obligations. A high liabilities ratio has placed the SC at high
financial risk. The overall financial performance of the SC is fair.
|
|
We noted that the SC's products are sourced from both the local and
overseas market. As such, the SC is likely to be exposed to foreign
exchange risk.
|
|
There are no legal suits against the SC.
|
|
The electronic industry continues to be attractive with the encouraging
global and domestic demand for its products. However, the market
competition is tight and there are many competitors in the market. With the
normal outlook of the industry performance, the SC should manufacture
higher quality electronic components in order to retain its market position
as well as compete with other players in the same field.
|
|
In view of the above, we recommend credit be granted to the SC normally.
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIA ACCOUNTING STANDARD.
|
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
ANJUR EKAR SDN BHD
|
|
31-December-2006
|
|
Consolidated Accounts
|
:
|
NO
|
|
UnQualified Reports
|
:
|
YES
|
|
|
|
|
RM
|
|
Turnover
|
13,940,671.00
|
|
Operating Revenue
|
0.00
|
|
|
---------------------
|
|
Profit/(Loss) Before Tax
|
296,913.00
|
|
|
---------------------
|
|
|
|
Profit/(Loss) After Tax
|
237,913.00
|
|
Extraordinary Item
|
0.00
|
|
Minority Interest
|
0.00
|
|
|
---------------------
|
|
Profit/(Loss) Attributable to Shareholders
|
237,913.00
|
|
|
---------------------
|
|
|
|
Prior Period Adjustment
|
0.00
|
|
Net Dividend
|
0.00
|
|
Transferred To/From Reserved
|
0.00
|
|
Others
|
0.00
|
|
|
---------------------
|
|
Unappropriated Profit/(Loss) Brought Forward
|
0.00
|
|
|
---------------------
|
|
Unappropriated Profit/(Loss) Carried Forward
|
237,913.00
|
|
|
================
|
|
|
|
BALANCE SHEET
|
|
ANJUR EKAR SDN BHD
|
|
31-December-2006
|
|
Consolidated Accounts
|
:
|
NO
|
|
UnQualified Reports
|
:
|
YES
|
|
|
|
|
RM
|
|
Fixed Assets
|
22,294.00
|
|
Total Investment
|
0.00
|
|
Amount Owing By
|
0.00
|
|
Current Assets
|
3,410,376.00
|
|
Intangible Assets
|
0.00
|
|
Other Assets
|
0.00
|
|
|
---------------------
|
|
Total Assets
|
3,432,670.00
|
|
|
================
|
|
|
|
|
Working Capital
|
315,619.00
|
|
|
|
|
Issued Capital
|
100,000.00
|
|
Paid Up Capital
|
100,000.00
|
|
Share Premium & Reserved
|
0.00
|
|
Unappropriated Profit/(Loss)
|
237,913.00
|
|
|
---------------------
|
|
Shareholder's Fund/Equity
|
337,913.00
|
|
|
---------------------
|
|
|
|
Current Liabilities
|
3,094,757.00
|
|
Amount Owing To
|
0.00
|
|
Long-term and Deferred Liabilities
|
0.00
|
|
Share Application Account
|
0.00
|
|
Minority Interest
|
0.00
|
|
|
---------------------
|
|
Total Equity Liability
|
3,432,670.00
|
|
|
================
|
|
|
|
|
Contingent Liabilities
|
0.00
|
|
