|
*
Adopted abbreviations : SC -
Subject Company (the company enquired by you) N/A - Not Applicable
EXECUTIVE SUMMARY
|
REGISTRATION NO.
|
:
|
700234-X
|
|
COMPANY NAME
|
:
|
EVOLUSI JINGGA SDN BHD
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
13/06/2005
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL STATUS
|
:
|
PRIVATE LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
35, JALAN ANAK GASING 6/5, 46000 PETALING JAYA, SELANGOR, MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
N/A
|
|
TEL.NO.
|
:
|
N/A
|
|
FAX.NO.
|
:
|
N/A
|
|
CONTACT PERSON
|
:
|
N/A
|
|
|
|
|
|
INDUSTRY CODE
|
:
|
0
|
|
PRINCIPAL ACTIVITY
|
:
|
DORMANT
|
|
AUTHORISED
CAPITAL
|
:
|
MYR 100,000.00
DIVIDED INTO
ORDINARY SHARE 100,000.00 OF MYR 1.00 EACH.
|
|
ISSUED AND
PAID UP CAPITAL
|
:
|
MYR 2.00
DIVIDED INTO
ORDINARY SHARES 2 CASH OF MYR 1.00 EACH.
|
|
|
|
|
|
SALES
|
:
|
MYR 0 [2006]
|
|
NET WORTH
|
:
|
MYR <12,063> [2006]
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
N/A
|
|
LITIGATION
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
N/A
|
|
|
|
|
|
COMMERCIAL RISK
|
:
|
N/A
|
|
CURRENCY EXPOSURE
|
:
|
N/A
|
|
GENERAL REPUTATION
|
:
|
NOT YET DETERMINED
|
|
INDUSTRY OUTLOOK
|
:
|
NOT YET DETERMINED
|
|
|
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) dormant.
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
|
|
GOPAL RAVISHANKAR +
|
23C, CUEPACS APARTMENT, JALAN THAMBY ABDULLAH, 50470 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
|
Z1322610
|
1.00
|
|
MR. RAMNATH A/L R SUNDARAM +
|
35, JALAN ANAK GASING 6/5, 46000 PETALING JAYA, SELANGOR, MALAYSIA.
|
830802-10-5123
|
1.00
|
|
|
|
|
---------------
|
|
|
|
|
2.00
|
|
|
|
|
============
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
GOPAL RAVISHANKAR
|
|
Address
|
:
|
23C, CUEPACS APARTMENT, JALAN THAMBY ABDULLAH, 50470 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA.
|
|
IC / PP No
|
:
|
Z1322610
|
|
|
|
|
|
Nationality
|
:
|
INDIAN
|
|
Date of Appointment
|
:
|
11/07/2005
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
MR. RAMNATH A/L R SUNDARAM
|
|
Address
|
:
|
35, JALAN ANAK GASING 6/5, 46000 PETALING JAYA, SELANGOR, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
830802-10-5123
|
|
Date of Birth
|
:
|
02/08/1983
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN INDIAN
|
|
Date of Appointment
|
:
|
20/05/2006
|
MANAGEMENT
No data found in our databank.
AUDITOR
|
Auditor
|
:
|
INPANA & ASSOCIATES
|
|
Auditor' Address
|
:
|
568-9-21, KOMPLEKS MUTIARA, BATU 3 1/2 JALAN IPOH, 9TH FLOOR, 51200
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
MR. TAN SOON LIN
|
|
|
IC / PP No
|
:
|
7864802
|
|
|
New IC No
|
:
|
491204-71-5067
|
|
|
Address
|
:
|
68, JALAN SS 24/2, TAMAN MEGAH, 47301 PETALING JAYA, SELANGOR,
MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
BANKING
No Banker found in our databank.
ENCUMBRANCE (S)
No encumbrance was found in our databank at the time of investigation.
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
No payment record found in our databank.
CLIENTELE
No data found in our databank.
OPERATIONS
Other Information:
The SC is principally engaged in the (as a / as an) dormant.
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
|
:
|
603 78774090
|
|
Current Telephone Number
|
:
|
N/A
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
59 A 1ST FLOOR JALAN 553/29 TAMAN UNIVERSITI 47300 PETALING JAYA
SELANGOR DARUL EHSAN
|
|
Current Address
|
:
|
N/A
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
YES
|
Other Investigations
We contacted Mr Ramnath the SC's Director. According to him, the SC has not started
its business operation yet and it is still a dormant company. He also
revealed that, the SC plans to sell pharmaceutical products and it will start
its business in year 2009.
We have verified and confirmed that the telephone number and address provided
is belongs to Raki Thomas, Ramanan, Gerard & Co.
FINANCIAL COMMENTS
The SC is a dormant company. Thus it is not appropriate
for us to comment on the SC's financial performance.
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
|
5.7
|
|
Domestic Demand ( % )
|
7.5
|
7.3
|
7.0
|
9.0
|
6.1
|
|
Private Expenditure ( % )
|
13.1
|
9.5
|
7.0
|
8.6
|
6.6
|
|
Consumption ( % )
|
10.5
|
9.2
|
7.1
|
9.0
|
6.8
|
|
Investment ( % )
|
25.8
|
8.5
|
7.0
|
7.1
|
6.2
|
|
Public Expenditure ( % )
|
<2.1>
|
3.6
|
6.8
|
10.1
|
4.7
|
|
Consumption ( % )
|
6.0
|
5.4
|
5.0
|
10.8
|
5.7
|
|
Investment ( % )
|
<8.7>
|
1.9
|
8.9
|
9.3
|
3.6
|
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million )
|
80,663
|
99,760
|
108,192
|
100,340
|
115,563
|
|
Government Finance ( MYR Million )
|
<19,419>
|
<18,684>
|
<19,109>
|
<19,948>
|
<34,462>
|
|
Government Finance to GDP / Fiscal Deficit ( % )
|
<4.3>
|
<3.8>
|
<3.3>
|
<3.2>
|
<4.8>
|
|
Inflation ( % Change in Composite CPI)
|
1.4
|
3.1
|
3.9
|
2.0
|
4.4
|
|
Unemployment Rate
|
3.5
|
3.5
|
3.4
|
3.2
|
3.3
|
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion )
|
254
|
266
|
290
|
336
|
388
|
|
Average Risk-Weighted Capital Adequacy Ratio ( % )
|
13.84
|
5.13
|
4.21
|
3.04
|
1.91
|
|
Average 3 Months of Non-performing Loans ( % )
|
8.46
|
13.63
|
12.91
|
13.30
|
13.24
|
|
Average Base Lending Rate ( % )
|
5.99
|
6.00
|
6.61
|
6.72
|
6.72
|
|
Business Loans Disbursed( % )
|
10.5
|
8.7
|
<2.5>
|
9.1
|
-
|
|
Foreign Investment ( MYR Million )
|
13,143.9
|
17,882.9
|
20,228.0
|
33,426.0
|
23,261.4
|
|
Consumer Loans ( % )
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Companies ( No. )
|
38,580
|
37,474
|
38,293
|
43,337
|
-
|
|
Registration of New Companies ( % )
|
6.8
|
<2.9>
|
2.2
|
13.2
|
-
|
|
Liquidation of Companies ( No. )
|
3,334
|
3,069
|
8,647
|
22,629
|
-
|
|
Liquidation of Companies ( % )
|
<15.8>
|
<7.9>
|
181.8
|
161.5
|
-
|
|
|
|
|
|
|
|
|
Registration of New Business ( No. )
|
189,206
|
193,095
|
216,147
|
227,410
|
-
|
|
Registration of New Business ( % )
|
4.6
|
2.1
|
11.9
|
5.2
|
-
|
|
Business Dissolved ( No. )
|
51,301
|
73,355
|
52,879
|
20,431
|
-
|
|
Business Dissolved ( % )
|
7.0
|
43.0
|
<27.9>
|
<61.4>
|
-
|
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit )
|
380.6
|
400.8
|
446.2
|
442.9
|
-
|
|
Cellular Phone Subscribers ( Million )
|
14.6
|
18.5
|
19.5
|
23.3
|
25.1
|
|
Tourist Arrival ( Million Persons )
|
15.7
|
16.7
|
17.5
|
20.9
|
21.5
|
|
Hotel Occupancy Rate ( % )
|
60.8
|
63.6
|
64.8
|
70.0
|
68.0
|
|
|
|
|
|
|
|
|
Credit Cards Spending ( % )
|
19.3
|
13.9
|
15.4
|
20.1
|
-
|
|
Bad Cheque Offenders (No.)
|
70,465
|
57,316
|
36,555
|
30,004
|
-
|
|
Individual Bankruptcy ( No.)
|
16,251
|
15,868
|
13,596
|
13,238
|
-
|
|
Individual Bankruptcy ( % )
|
31.6
|
<2.4>
|
<14.3>
|
<2.6>
|
-
|
|
INDUSTRIES ( % of Growth ):
|
2004
|
2005
|
2006
|
2007*
|
2008**
|
|
|
|
|
|
|
|
|
Agriculture
|
5.0
|
2.5
|
5.3
|
3.1
|
3.6
|
|
Palm Oil
|
3.9
|
7.1
|
5.8
|
<0.6>
|
7.0
|
|
Rubber
|
16.5
|
<2.9>
|
12.6
|
1.0
|
<1.1>
|
|
Forestry & Logging
|
4.3
|
2.0
|
<0.4>
|
2.8
|
<1.5>
|
|
Fishing
|
5.5
|
<0.4>
|
9.3
|
5.2
|
4.0
|
|
Other Agriculture
|
2.4
|
3.2
|
5.3
|
7.0
|
5.9
|
|
Industry Non-Performing Loans ( MYR Million )
|
620.3
|
563.7
|
516.5
|
487.3
|
393
|
|
% of Industry Non-Performing Loans
|
1.38
|
1.19
|
1.06
|
1.08
|
0
|
|
|
|
|
|
|
|
|
Mining
|
3.9
|
0.8
|
<0.4>
|
3.3
|
2.8
|
|
Oil & Gas
|
4.5
|
1.6
|
4.6
|
2.2
|
12.7
|
|
Other Mining
|
<8.0>
|
<1.0>
|
5.1
|
-
|
-
|
|
Industry Non-performing Loans ( MYR Million )
|
62.6
|
68.8
|
55.4
|
42.2
|
36.0
|
|
% of Industry Non-performing Loans
|
0.1
|
0.1
|
0.1
|
0.1
|
-
|
|
|
|
|
|
|
|
|
Manufacturing #
|
9.8
|
5.1
|
7.3
|
3.1
|
4.7
|
|
Exported-oriented Industries
|
15.5
|
3.0
|
11.1
|
<1.9>
|
2.7
|
|
Electrical & Electronics
|
17.8
|
3.6
|
13.4
|
3.0
|
2.4
|
|
Rubber Products
|
14.8
|
2.4
|
0.4
|
8.0
|
4.2
|
|
Wood Products
|
12.7
|
0.9
|
0.7
|
3.3
|
<6.0>
|
|
Textiles & Apparel
|
<11.7>
|
<4.4>
|
12.6
|
<10.1>
|
1.9
|
|
Domestic-oriented Industries
|
9.7
|
6.9
|
5.0
|
5.3
|
9.9
|
|
Food, Beverages & Tobacco
|
3.8
|
7.7
|
4.8
|
5.6
|
9.5
|
|
Chemical & Chemical Products
|
14.6
|
6.9
|
1.7
|
9.2
|
1.4
|
|
Plastic Products
|
13.5
|
18.6
|
21.3
|
<3.6>
|
6.5
|
|
Iron & Steel
|
2.7
|
<6.7>
|
<6.9>
|
17.5
|
16.8
|
|
Fabricated Metal Products
|
29.2
|
<7.5>
|
20.0
|
26.2
|
14.7
|
|
Non-metallic Mineral
|
<4.8>
|
<6.0>
|
<1.9>
|
6.6
|
8.3
|
|
Transport Equipment
|
8.6
|
10.4
|
5.3
|
<19.0>
|
27.1
|
|
Paper & Paper Products
|
2.3
|
4.6
|
4.1
|
14.9
|
8.6
|
|
Crude Oil Refineries
|
<2.4>
|
8.2
|
12.1
|
8.6
|
7.8
|
|
Industry Non-Performing Loans ( MYR Million )
|
7,765.4
|
6,035.6
|
6,181.3
|
6,366.2
|
5,729.4
|
|
% of Industry Non-Performing Loans
|
17.3
|
12.7
|
12.7
|
14.1
|
-
|
|
|
|
|
|
|
|
|
Construction
|
<1.5>
|
<1.6>
|
<0.5>
|
4.6
|
4.0
|
|
Industry Non-Performing Loans ( MYR Million )
|
5,547.7
|
5,172.7
|
5,527.3
|
5,116.7
|
4,149.8
|
|
% of Industry Non-Performing Loans
|
12.4
|
10.9
|
11.4
|
11.3
|
-
|
|
|
|
|
|
|
|
|
Services
|
6.8
|
6.6
|
7.2
|
9.7
|
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
|
8,281.4
|
|
% 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
|
|
0 : Inactive or without any business activities
|
|
|
|
|
INDUSTRY :
|
DORMANT
|
|
|
|
|
|
|
The SC is a dormant company and it is not active in its business operation.
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Not Yet Determined
|
COMMENTS
|
During our investigation, we noted that the SC is a dormant company and it has
not started its business operation yet. The SC however plans to sell
pharmaceutical products and it will start its business in year 2009. As the
SC is a dormant company, it is inappropriate to comment on its
creditworthiness.
|
|
In view of the above, we do not recommend any credit be granted to the SC.
|
PROFIT AND LOSS ACCOUNT
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIA ACCOUNTING STANDARD.
|
|
EVOLUSI JINGGA
SDN BHD
|
|
For The Year
Ended 31-December-2006
|
|
|
|
|
TURNOVER
|
0
|
|
|
==========
|
|
PROFIT/(LOSS) FROM OPERATIONS
|
<12,065>
|
|
|
|
|
|
------------
|
|
PROFIT/(LOSS) BEFORE TAXATION
|
<12,065>
|
|
|
|
|
PROFIT/(LOSS) AFTER TAXATION
|
------------
<12,065>
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS
|
------------
<12,065>
|
|
|
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS
RETAINED PROFIT/(ACCUMULATED LOSS) BROUGHT FORWARD
|
------------
<12,065>
|
|
|
|
|
|
------------
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS
|
<12,065>
|
|
|
|
|
RETAINED PROFIT/(ACCUMULATED LOSS) CARRIED FORWAD
|
------------
<12,065>
==========
|
|
RETAINED BY: The Company
|
<12,065>
|
|
|
|
|
|
|
|
|
------------
<12,065>
==========
|
|
|
|
BALANCE SHEET
|
EVOLUSI JINGGA
SDN BHD
|
|
As At
31-December-2006
|
|
|
|
|
|
2006
|
|
|
MYR
|
|
|
|
|
ASSET EMPLOYED:
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
Cash & bank balances
|
1,985
|
|
TOTAL CURRENT ASSETS
|
------------
1,985
|
|
CURRENT LIABILITIES
|
|
|
|
|
|
Other creditors & accruals
|
5,450
|
|
|
|
|
Amounts owing to director
|
8,598
|
|
|
|
|
TOTAL CURRENT LIABILITIES
|
------------
14,048
|
|
NET CURRENT ASSETS/(LIABILITIES)
|
------------
<12,063>
|
|
TOTAL NET ASSETS
|
------------
<12,063>
==========
|
|
|
|
|
FINANCED BY:
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
Ordinary share capital
|
2
|
|
|
|
|
TOTAL SHARE CAPITAL
|
------------
2
|
|
RESERVES
|
|
|
|
|
|
Retain profit/(Accumulated loss)
carried forward
|
<12,065>
|
|
TOTAL RESERVES
|
------------
<12,065>
|
|
SHAREHOLDERS' FUNDS/EQUITY
|
------------
<12,063>
|
|
|
|
|
|
|
|
|
|
|
|
------------
|
|
|
<12,063>
|
|
|
==========
|
|
|
|
FINANCIAL RATIOS
|
EVOLUSI JINGGA
SDN BHD
|
|
As At
31-December-2006
|
|
|
2006
|
|
|
|
MYR
|
|
|
|
|
|
|
|
|
|
|
TYPES OF FUNDS
|
|
|
|
Cash
|
1,985
|
|
|
Net Liquid Funds
|
1,985
|
|
|
Net Liquid Assets
|
<12,063>
|
|
|
Net Current Assets/(Liabilities)
|
<12,063>
|
|
|
Net Tangible Assets
|
<12,063>
|
|
|
Net Monetary Assets
|
<12,063>
|
|
|
|
|
|
|
BALANCE SHEET ITEMS
|
|
|
|
Total Borrowings
|
0
|
|
|
Total Liabilities
|
14,048
|
|
|
Total Assets
|
1,985
|
|
|
Net Assets
|
<12,063>
|
|
|
Net Assets Backing
|
<12,063>
|
|
|
Shareholders" Funds
|
<12,063>
|
|
|
Total Share Capital
|
2
|
|
|
Total Reserves
|
<12,065>
|
|
|
|
|
|
|
LIQUIDITY(Times)
|
|
|
|
Cash Ratio
|
0.14
|
|
|
Liquid Ratio
|
0.14
|
|
|
Current Ratio
|
0.14
|
|
|
|
|
|
|
WORKING CAPITAL CONTROL (Days)
|
|
|
|
Stock Ratio
|
0
|
|
|
Debtors Ratio
|
0
|
|
|
Creditors Ratio
|
0
|
|
|
|
|
|
|
SOLVENCY RATIOS (Times)
|
|
|
|
Gearing Ratio
|
0
|
|
|
Liabilities Ratio
|
<1.16>
|
|
|
Times Interest Earned Ratio
|
0
|
|
|
|
|
|
|
PERFORMANCE RATIO (%)
|
|
|
|
Operating Profit Margin
|
0
|
|
|
Net Profit Margin
|
0
|
|
|
Return On Net Assets
|
100.02
|
|
|
Return On Capital Employed
|
100.02
|
|
|
Return On Shareholders'
Funds/Equity
|
100.02
|
|
|
Dividend Pay Out Ratio (Times)
|
0
|
|
|
|
|
|
|
NOTES TO ACCOUNTS
|
|
|
|
Contingent Liabilities
|
0.00
|
|
|
|
|
|
|
