|
* Adopted abbreviations : SC
- Subject Company (the company enquired by you)
N/A
- Not Applicable
EXECUTIVE SUMMARY
|
REGISTRATION NO.
|
:
|
158807-M
|
|
COMPANY NAME
|
:
|
YUSUF TAIYOOB SDN BHD
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
08/01/1987
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL STATUS
|
:
|
PRIVATE LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
REGISTERED ADDRESS
|
:
|
87, MUNTRI STREET,
GEORGETOWN, 10200 PULAU
PINANG, PULAU PINANG, MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
PLAZA MWE, 11TH FLOOR, SUITE
11.08, NO.8 JALAN LEBUH FARQUHAR, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
|
TEL.NO.
|
:
|
04-2627227
|
|
FAX.NO.
|
:
|
04-2618284
|
|
EMAIL
|
:
|
yuta@yuta.com
|
|
WEB SITE
|
:
|
www.yuta.com
|
|
CONTACT PERSON
|
:
|
YUSUF BIN TAIYOOB ( MANAGING DIRECTOR )
|
|
INDUSTRY CODE
|
:
|
51239
|
|
PRINCIPAL
ACTIVITY
|
:
|
IMPORT &
EXPORT OF MERCHANDISE GOODS & FOODSTUFF
|
|
AUTHORISED
CAPITAL
|
:
|
MYR
5,000,000.00 DIVIDED INTO
ORDINARY SHARE 5,000,000.00 OF MYR 1.00 EACH.
|
|
ISSUED AND
PAID UP CAPITAL
|
:
|
MYR 5,000,000.00
DIVIDED INTO
ORDINARY SHARES 350,002 CASH AND 4,649,998 OTHERWISE OF MYR 1.00 EACH.
|
|
SALES
|
:
|
MYR 40,462,553
[2010]
|
|
NET WORTH
|
:
|
MYR 28,298,836
[2010]
|
|
STAFF STRENGTH
|
:
|
10 [2011]
|
|
BANKER (S)
|
|
CIMB BANK BHD
MALAYAN BANKING BHD
UNITED OVERSEAS BANK (MALAYSIA)
BHD
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER CHECK
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
LIMITED
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
|
COMMERCIAL RISK
|
:
|
MODERATE
|
|
CURRENCY EXPOSURE
|
:
|
MODERATE
|
|
GENERAL REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY OUTLOOK
|
:
|
AVERAGE GROWTH
|
|
PROPOSED CREDIT LIMIT
|
:
|
USD88,313
|
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) import & export of
merchandise goods & foodstuff.
The SC is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
The major shareholder(s) of the SC are
shown as follows :
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
|
DATO' YUSUF BIN TAIYOOB +
|
40 JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.
|
581223-07-5201
5469784
|
3,450,000.00
|
|
MR. ABDUL RAHIM BIN TAIYOOB +
|
40 JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.
|
700622-07-5275
A1591879
|
1,550,000.00
|
|
|
|
|
---------------
|
|
|
|
|
5,000,000.00
|
|
|
|
|
============
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
MR. ABDUL RAHIM BIN TAIYOOB
|
|
Address
|
:
|
40 JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.
|
|
IC / PP No
|
:
|
A1591879
|
|
New IC No
|
:
|
700622-07-5275
|
|
Date of Birth
|
:
|
22/06/1970
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN MALAY
|
|
Date of Appointment
|
:
|
28/09/1994
|
DIRECTOR 2
|
Name Of Subject
|
:
|
DATO' YUSUF BIN TAIYOOB
|
|
Address
|
:
|
40 JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.
|
|
IC / PP No
|
:
|
5469784
|
|
New IC No
|
:
|
581223-07-5201
|
|
Date of Birth
|
:
|
23/12/1958
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN MALAY
|
|
Date of Appointment
|
:
|
08/01/1987
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
YUSUF BIN TAIYOOB
|
|
|
Position
|
:
|
MANAGING DIRECTOR
|
|
|
|
|
|
|
2)
|
Name of Subject
|
:
|
ABDUL RAHIM BIN TAIYOOB
|
|
|
Position
|
:
|
SALES DIRECTOR
|
AUDITOR
|
Auditor
|
:
|
TEH ENG AUN & CO
|
|
Auditor' Address
|
:
|
119B & 119C, MACALISTER
LANE, 2ND & 3RD FLOOR, 10400 PULAU PINANG,
PULAU PINANG, MALAYSIA.
|
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
DATO' SERI TAN KHOON HAI @ TAN KING TAI
|
|
|
IC / PP No
|
:
|
4854986
|
|
|
New IC No
|
:
|
551025-01-6051
|
|
|
Address
|
:
|
14-N, JALAN ANGSANA, 11500 AYER ITAM, PULAU PINANG, MALAYSIA.
|
BANKING
Banking relations are maintained principally with :
|
2)
|
Name
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
3)
|
Name
|
:
|
UNITED OVERSEAS BANK (MALAYSIA) 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
|
:
|
12/07/1995
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM1,250,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
Form 40 Dated
|
|
Registered and Numbered 2 In The Register of Charges
|
ENCUMBRANCE 2
|
Date of Creation
|
:
|
27/02/1997
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM1,100,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 5 In The Register of Charges
|
ENCUMBRANCE 3
|
Date of Creation
|
:
|
02/10/1997
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM2,250,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 6 In The Register of Charges
|
ENCUMBRANCE 4
|
Date of Creation
|
:
|
18/02/1998
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM3,500,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 7 In The Register of Charges
|
ENCUMBRANCE 5
|
Date of Creation
|
:
|
18/02/1998
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM8,350,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 8 In The Register of Charges
|
ENCUMBRANCE 6
|
Date of Creation
|
:
|
20/03/1998
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM1,500,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 9 In The Register of Charges
|
ENCUMBRANCE 7
|
Date of Creation
|
:
|
18/08/2000
|
|
Description Of Charge
|
:
|
OPEN CHARGE
|
|
Amount Secured
|
:
|
O/D
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 10 In The Register of Charges
|
ENCUMBRANCE 8
|
Date of Creation
|
:
|
17/06/2002
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM8,350,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 11 In The Register of Charges
|
ENCUMBRANCE 9
|
Date of Creation
|
:
|
23/08/2002
|
|
Description Of Charge
|
:
|
OPEN CHARGE
|
|
Amount Secured
|
:
|
O/D
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 12 In The Register of Charges
|
ENCUMBRANCE 10
|
Date of Creation
|
:
|
18/07/2003
|
|
Description Of Charge
|
:
|
OPEN CHARGE
|
|
Amount Secured
|
:
|
RM3,000,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 13 In The Register of Charges
|
ENCUMBRANCE 11
|
Date of Creation
|
:
|
06/08/2002
|
|
Description Of Charge
|
:
|
OPEN CHARGE
|
|
Amount Secured
|
:
|
O/D
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 12P In The Register of Charges
|
ENCUMBRANCE 12
|
Date of Creation
|
:
|
10/08/2004
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM6,000,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 14 In The Register of Charges
|
ENCUMBRANCE 13
|
Date of Creation
|
:
|
10/08/2004
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM6,000,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 15 In The Register of Charges
|
ENCUMBRANCE 14
|
Date of Creation
|
:
|
06/09/2004
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM6,000,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 16 In The Register of Charges
|
ENCUMBRANCE 15
|
Date of Creation
|
:
|
07/07/2005
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM2,565,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 17 In The Register of Charges
|
ENCUMBRANCE 16
|
Date of Creation
|
:
|
09/04/2007
|
|
Description Of Charge
|
:
|
|
|
Amount Secured
|
:
|
RM1,624,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 18 In The Register of Charges
|
ENCUMBRANCE 17
|
Date of Creation
|
:
|
05/10/2007
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM17,507,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 20 In The Register of Charges
|
ENCUMBRANCE 18
|
Date of Creation
|
:
|
02/01/2009
|
|
Description Of Charge
|
:
|
FACILITY AGREEMENT
|
|
Amount Secured
|
:
|
RM1,834,750.00
|
|
Description Of Property Affected
|
:
|
ALL THAT PIECE
OF LEASEHOLD LAND
WITH TENURE OF 60 YEAR KNOWN PLOT 97, BKT MINYAK INDUSTRIAL PARK SEBERANG
PERAI PENANG
|
|
Name & Address Of Chargee
|
:
|
MALAYAN
BANKING BHD
9, UNION STREET,
10200 PULAU PINANG, PULAU PINANG,
MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 07/01/2009
|
|
Registered and Numbered 23 In The Register of Charges
|
ENCUMBRANCE 19
|
Date of Creation
|
:
|
30/01/2009
|
|
Description Of Charge
|
:
|
HOUSING LOAN AGREEMENT OD 1ST LEGAL ASSIGNMENT & POWER OF
ATTONEY
|
|
Amount Secured
|
:
|
RM960,000.00
|
|
Description Of
Property Affected
|
:
|
3 STOREY
GARDEN VILLA SITUATED AT 15, LORONG KEJORA, TANJUNG BUNGAH PENANG
|
|
Name &
Address Of Chargee
|
:
|
CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
06/03/2009
|
|
Registered and
Numbered 24 In The Register of Charges
|
ENCUMBRANCE 20
|
Date of
Creation
|
:
|
30/01/2009
|
|
Description Of
Charge
|
:
|
HOUSING LOAN
AGREEMENT OD 1ST LEGAL ASSIGNMENT & POWER OF ATTONEY
|
|
Amount Secured
|
:
|
RM960,000.00
|
|
Description Of
Property Affected
|
:
|
3 STOREY
GARDEN VILLA SITUATED AT 52, SOLOK KEJORA 2, TANJUNG BUNGAH PENANG
|
|
Name &
Address Of Chargee
|
:
|
CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
06/03/2009
|
|
Registered and
Numbered 25 In The Register of Charges
|
ENCUMBRANCE 21
|
Date of Creation
|
:
|
03/06/2009
|
|
Description Of Charge
|
:
|
HOUSING LOAN AGREEMENT
|
|
Amount Secured
|
:
|
RM3,650,000.00
|
|
Description Of Property Affected
|
:
|
3 1/2 STOREY
SHOP OFFICE BEARING ASSESSMENT 10 LEBUH BISHOP, 10200 PENANG HELD UNDER LOT
54, 55, 56, 57 494 & 535 SEC 20, GEORGETOWN, N.E.D, PENANG COMPRISED IN
GRN 38145, 38146, 38147, 38148, 37041 & 37050 RESPECTIVELY
|
|
Name & Address Of Chargee
|
:
|
CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 08/06/2009
|
|
Registered and Numbered 26 In The Register of Charges
|
ENCUMBRANCE 22
|
Date of Creation
|
:
|
12/08/2009
|
|
Description Of Charge
|
:
|
HOUSING LOAN AGREEMENT
|
|
Amount Secured
|
:
|
RM1,600,000.00
|
|
Description Of Property Affected
|
:
|
LOT 1860, GRN 27951, BNDR TG BUNGAH, N.E.D, PENANG TOGETHER WITH
SINGLE STOREY BUNGALOW BEARING ASSESSMENT 38, JLN LOH POH HENG, HILLSIDE,
TG BUNGAH, 11200 GEORGETOWN, PENANG
|
|
Name &
Address Of Chargee
|
:
|
CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
14/08/2009
|
|
Registered and
Numbered 27 In The Register of Charges
|
ENCUMBRANCE 23
|
Date of
Creation
|
:
|
01/02/2010
|
|
Description Of
Charge
|
:
|
OPEN CHARGE
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
UNITED OVERSEAS BANK (MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 28 In The Register of Charges
|
ENCUMBRANCE 24
|
Date of Creation
|
:
|
03/06/2010
|
|
Description Of Charge
|
:
|
HOUSING LOAN AGREEMENT OD (FLEXI) & 3RD PARTY 2ND LEGAL CHARGE
AND ANNEXURE
|
|
Amount Secured
|
:
|
RM1,574,810.00
|
|
Description Of Property Affected
|
:
|
A 3 1/2 STOREY SHOP OFFICE BEARING ASSESSMENT 10 LEBUH BISHOP, 10200
PENAN HELD UNDER LOT 54, 55, 56, 57, 494 & 535, SECTION 20, GEORGETOWN,
PULAU PINANG COMPRISED IN GERAN NO 38145, 38146, 38147, 38148, 37041 &
37050
|
|
Name & Address Of Chargee
|
:
|
CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 10/06/2010
|
|
Registered and Numbered 29 In The Register of Charges
|
ENCUMBRANCE 25
|
Date of Creation
|
:
|
12/01/2011
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM1,624,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
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Form 40 Dated
|
|
Registered and Numbered 30 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.
No legal action was found in our databank.
No winding up petition was found in our databank.
DEFAULTER CHECK AGAINST SC
* We have checked through the SC in our defaulters' database which comprised
of debtors that have been blacklisted by our customers and debtors that have
been placed or assigned to us for collection since 1990. Information was
provided by third party where the debt amount can be disputed. Please check
with creditors for confirmation as alleged debts may have been paid since
recorded or are being disputed.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT RECORD
|
SOURCES OF RAW MATERIALS:
|
|
|
Local
|
:
|
YES
|
|
|
Overseas
|
:
|
YES
|
|
|
Import Countries
|
:
|
INDIA,MIDDLE EAST
|
CLIENTELE
|
Local
|
:
|
YES
|
Percentage
|
:
|
100%
|
|
Domestic Markets
|
:
|
MALAYSIA
|
|
Overseas
|
:
|
NO
|
Percentage
|
:
|
0%
|
|
|
|
|
|
|
|
|
Credit Term
|
:
|
30 - 60 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
|
|
Type of Customer
|
:
|
AGENTS,DISTRIBUTORS,DEALERS
|
OPERATIONS
|
Goods Traded
|
:
|
FOOD PRODUCTS
|
|
|
|
|
|
Competitor(s)
|
:
|
AURIC CHUN YIP
SDN BHD
HARPERS TRADING (MALAYSIA)
SDN BHD
LUCKY FROZEN SDN BHD
LUN HENG SDN BHD
PGEO GROUP SDN BHD
|
|
|
|
|
|
Member(s) / Affiliate(s)
|
:
|
SMI ASSOCIATION OF MALAYSIAMALAYSIA FOOD & BEVERAGE INDUSTRY
|
|
|
|
|
|
Ownership of
premises
|
:
|
OWNED
|
|
Total Number of Employees:
|
|
|
YEAR
|
2011
|
2010
|
2009
|
2008
|
2007
|
|
|
|
|
|
|
|
GROUP
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
|
|
|
|
COMPANY
|
10
|
10
|
10
|
6
|
5
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) import & export of
merchandise goods & foodstuff.
The SC offers a wide range of food products includes as follows:
* Beans and Pulses : Dhall, Mung Dhall, Groundnuts, Chickpeas, Australian
Yellow Dhall, White Sago Seeds, Roasted Gram and etc
* Spices : Green Cardamom, Poppy Seeds, Dried Chilies, Turmeric Fingers,
Dried Ginger, Coriander Seeds, Black & White Pepper
* Canned Fruits, Fruit Filling & Toppings : Riverdale Bartlett Pear
Halves In Syrup, Riverdale Fruit Cocktail In Syrup
* Bakery Ingredients : Almonds, Cashewnuts, Red & Green Glaced Cherries,
Hazelnuts, Raisins, Sultanas, Macadamia Nuts
Besides that the SC also distributes herbal skincare products includes:
* Chandrika Ayurvedic Soap
* Sidha Herbal Soap With Tulasi And Neem
* Chandrika Sandal Soap
Besides that the SC also has a warehouse to keep stocks and materials.
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
|
:
|
042627227
|
|
Current Telephone Number
|
:
|
04-2627227
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Address Provided by Client
|
:
|
PLAZA MWE, SUITE
11.08, 11TH FLOOR, NO.8 JALAN LEBUH FARQUHAR, 10200, PULAU
PINANG, PULAU PINANG.
|
|
Current Address
|
:
|
PLAZA MWE, 11TH FLOOR, SUITE
11.08, NO.8 JALAN LEBUH FARQUHAR, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
YES
|
Other Investigations
We contacted one of the staff from the Admin Department. She provided some
information on the SC.
FINANCIAL COMMENTS
The financial summary
of the SC in Year 2010 showed that it was financially LIMITED. Return on
shareholders' funds of the SC is relatively low, indicating that the SC did
not generate an acceptable amount of profits based on its existing
shareholders' funds. Due to its weak liquidity position, the SC will be face
with problems in meeting all its short term obligations if no short term loan
is obtained or additional capital injected into the SC. The SC has high
liabilities ratio and it may face financial difficulties if no additional
capital is injected.
Overall financial condition of the SC : LIMITED
ECONOMIC / INDUSTRY OUTLOOK
|
Major Economic Indicators:
|
2007
|
2008
|
2009
|
2010*
|
2011**
|
|
|
|
|
|
|
|
|
Population ( Million)
|
27.17
|
27.73
|
28.31
|
28.88
|
29.13
|
|
Gross Domestic Products ( % )
|
6.3
|
4.6
|
<0.5>
|
6.9
|
5.8
|
|
Domestic Demand ( % )
|
9.0
|
6.9
|
2.9
|
4.6
|
4.8
|
|
Private Expenditure ( % )
|
8.6
|
7.1
|
<2.7>
|
8.1
|
7.0
|
|
Consumption ( % )
|
9.0
|
8.4
|
0.7
|
6.7
|
6.3
|
|
Investment ( % )
|
7.1
|
1.5
|
<17.2>
|
15.2
|
10.2
|
|
Public Expenditure ( % )
|
10.1
|
6.5
|
5.2
|
3.8
|
2.8
|
|
Consumption ( % )
|
10.8
|
11.6
|
3.1
|
0.2
|
4.6
|
|
Investment ( % )
|
9.3
|
0.7
|
8.0
|
8.3
|
0.6
|
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million )
|
100,340
|
129,563
|
89,650
|
118,356
|
116,058
|
|
Government Finance ( MYR Million )
|
<19,948>
|
<34,462>
|
<28,450>
|
<40,482>
|
-
|
|
Government Finance to GDP / Fiscal Deficit ( % )
|
<3.2>
|
<4.8>
|
<4.8>
|
<5.6>
|
<5.4>
|
|
Inflation ( % Change in Composite CPI)
|
2.0
|
<3.3>
|
<5.2>
|
5.1
|
-
|
|
Unemployment Rate
|
3.2
|
3.7
|
4.5
|
3.9
|
-
|
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion )
|
336
|
388
|
331
|
394
|
-
|
|
Average Risk-Weighted Capital Adequacy Ratio ( % )
|
3.04
|
1.91
|
2.87
|
2.20
|
-
|
|
Average 3 Months of Non-performing Loans ( % )
|
13.30
|
13.24
|
11.08
|
15.30
|
-
|
|
Average Base Lending Rate ( % )
|
6.72
|
6.72
|
5.53
|
5.70
|
-
|
|
Business Loans Disbursed( % )
|
9.1
|
11.6
|
10.5
|
14.7
|
-
|
|
Foreign Investment ( MYR Million )
|
33,426.0
|
23,261.4
|
22,156.8
|
22,517.9
|
-
|
|
Consumer Loans ( % )
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Companies ( No. )
|
43,337
|
41,599
|
41,578
|
-
|
-
|
|
Registration of New Companies ( % )
|
13.2
|
<4.0>
|
<0.1>
|
-
|
-
|
|
Liquidation of Companies ( No. )
|
22,629
|
27,992
|
39,075
|
-
|
-
|
|
Liquidation of Companies ( % )
|
161.5
|
23.7
|
39.6
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Business ( No. )
|
227,410
|
269,866
|
312,581
|
-
|
-
|
|
Registration of New Business ( % )
|
-
|
-
|
-
|
-
|
-
|
|
Business Dissolved ( No. )
|
20,431
|
18,885
|
19,345
|
-
|
-
|
|
Business Dissolved ( % )
|
<61.4>
|
<7.6>
|
2.4
|
-
|
-
|
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit )
|
442.9
|
497.5
|
319.4
|
369.7
|
-
|
|
Cellular Phone Subscribers ( Million )
|
23.3
|
25.1
|
30.1
|
32.8
|
-
|
|
Tourist Arrival ( Million Persons )
|
20.9
|
21.5
|
23.6
|
24.0
|
25.0
|
|
Hotel Occupancy Rate ( % )
|
70
|
68
|
58
|
63
|
-
|
|
|
|
|
|
|
|
|
Credit Cards Spending ( % )
|
20.1
|
17.1
|
12.8
|
15.1
|
-
|
|
Bad Cheque Offenders (No.)
|
30,004
|
34,834
|
-
|
-
|
-
|
|
Individual Bankruptcy ( No.)
|
13,238
|
13,907
|
-
|
-
|
-
|
|
Individual Bankruptcy ( % )
|
<2.6>
|
5.1
|
-
|
-
|
-
|
|
INDUSTRIES ( % of Growth ):
|
2007
|
2008
|
2009
|
2010*
|
2011**
|
|
|
|
|
|
|
|
|
Agriculture
|
3.1
|
3.6
|
0.4
|
3.4
|
4.5
|
|
Palm Oil
|
<0.6>
|
7.0
|
<1.1>
|
1.3
|
-
|
|
Rubber
|
1.0
|
<1.1>
|
<19.8>
|
9.9
|
-
|
|
Forestry & Logging
|
2.8
|
<1.5>
|
<5.9>
|
<1.3>
|
-
|
|
Fishing
|
5.2
|
4.0
|
5.5
|
4.1
|
-
|
|
Other Agriculture
|
7.0
|
5.9
|
9.0
|
6.6
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
487.3
|
393.0
|
413.7
|
508.4
|
-
|
|
% of Industry Non-Performing Loans
|
1.1
|
<2.0>
|
1.3
|
2.1
|
-
|
|
|
|
|
|
|
|
|
Mining
|
3.3
|
<0.8>
|
<3.8>
|
1.0
|
2.9
|
|
Oil & Gas
|
2.2
|
12.7
|
2.1
|
4.9
|
-
|
|
Other Mining
|
-
|
-
|
-
|
-
|
-
|
|
Industry Non-performing Loans ( MYR Million )
|
42.2
|
36.0
|
44.2
|
49.7
|
-
|
|
% of Industry Non-performing Loans
|
0.1
|
0.1
|
0.1
|
0.1
|
-
|
|
|
|
|
|
|
|
|
Manufacturing #
|
3.1
|
1.3
|
<9.4>
|
10.8
|
6.7
|
|
Exported-oriented Industries
|
<1.9>
|
2.7
|
<19.0>
|
12.1
|
-
|
|
Electrical & Electronics
|
3.0
|
2.4
|
<30.3>
|
27.4
|
-
|
|
Rubber Products
|
8.0
|
4.2
|
<10.1>
|
25.3
|
-
|
|
Wood Products
|
3.3
|
<6.0>
|
<24.1>
|
19.7
|
-
|
|
Textiles & Apparel
|
<10.1>
|
1.9
|
<19.5>
|
<1.3>
|
-
|
|
Domestic-oriented Industries
|
5.3
|
9.9
|
<9.8>
|
16.3
|
-
|
|
Food, Beverages & Tobacco
|
5.6
|
9.5
|
0.2
|
3.0
|
-
|
|
Chemical & Chemical Products
|
9.2
|
1.4
|
<7.7>
|
20.4
|
-
|
|
Plastic Products
|
<3.6>
|
6.5
|
<9.1>
|
2.4
|
-
|
|
Iron & Steel
|
17.5
|
16.8
|
<32.7>
|
30.0
|
-
|
|
Fabricated Metal Products
|
26.2
|
14.7
|
<2.5>
|
14.9
|
-
|
|
Non-metallic Mineral
|
6.6
|
8.3
|
<15.5>
|
20.2
|
-
|
|
Transport Equipment
|
<19.0>
|
27.1
|
<13.5>
|
36.5
|
-
|
|
Paper & Paper Products
|
14.9
|
8.6
|
<5.0>
|
20.5
|
-
|
|
Crude Oil Refineries
|
8.6
|
7.8
|
0.2
|
<11.4>
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
6,366.2
|
5,729.4
|
6,007.3
|
6,217.5
|
-
|
|
% of Industry Non-Performing Loans
|
14.1
|
16.8
|
18.3
|
23.8
|
-
|
|
|
|
|
|
|
|
|
Construction
|
4.6
|
2.1
|
5.8
|
4.9
|
4.4
|
|
Industry Non-Performing Loans ( MYR Million )
|
5,116.7
|
4,149.8
|
3,241.8
|
4,038.5
|
-
|
|
% of Industry Non-Performing Loans
|
11.3
|
12.2
|
9.9
|
10.7
|
-
|
|
|
|
|
|
|
|
|
Services
|
9.7
|
7.3
|
2.6
|
6.5
|
5.3
|
|
Electric, Gas & Water
|
4.6
|
5.0
|
0.4
|
8.5
|
5.6
|
|
Transport, Storage & Communication
|
7.60
|
7.80
|
1.60
|
7.15
|
7.55
|
|
Wholesale, Retail, Hotel & Restaurant
|
11.6
|
10.0
|
2.8
|
4.7
|
5.2
|
|
Finance, Insurance & Real Estate
|
10.7
|
9.2
|
3.8
|
6.0
|
5.2
|
|
Government Services
|
4.6
|
8.6
|
2.0
|
6.7
|
1.9
|
|
Other Services
|
5.0
|
5.9
|
4.4
|
4.2
|
5.4
|
|
Industry Non-Performing Loans ( MYR Million )
|
10,207.8
|
8,281.4
|
6,631.3
|
7,384.6
|
-
|
|
% of Industry
Non-Performing Loans
|
22.6
|
24.3
|
20.2
|
25.7
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Estimate /
Preliminary
|
|
|
|
|
|
|
** Forecast
|
|
|
|
|
|
|
# Based On
Manufacturing Production Index
(Source : Department of Statistics / Economic Report / Bank Negara Report)
|
|
|
|
|
|
|
|
INDUSTRY COMMENTS
|
MSIC CODE
|
|
|
51239 : Wholesale of other foodstuffs e.g mee,kueh teow, wantan skin
and related products,cooking oil, tinned food, etc
|
|
|
|
|
INDUSTRY :
|
FOOD & BEVERAGES
|
|
|
|
|
|
|
Rising inflationary pressure and volatile financial markets have prompted some
companies to forecast conservative earnings as they brace for a potential
slowdown in consumer spending this year. Companies cautious about their
earnings outlook are mainly those in the food and beverage industry. Most
of them import their raw materials, including milk and wheat, where the
prices have surged in recent months.
|
|
While contending with margin squeeze, the companies would not want to pass
on most of the costs yet on concerns the higher prices would affect consumer
spending. For the moment, the outlook for consumer spending might not be as
bright but the domestic economy is still strong.
|
|
The food and beverages industry has always been one of the more resilient
industries in an economic downturn. For the period of January - May 2009,
the industry achieved exports of RM4.41 billion, slightly lower than RM4.42
billion attained in the same period in 2008. The Government is dealing with
issues like inflation to improve consumer sentiment. High commodity prices
would boost the country's gross domestic product growth and consumer
spending would stay resilient, given rising household income for farmers,
civil servants and private sector employees.
|
|
An increase in the annual subsidy assistance for padi farmers to boost
production levels and encourage more people to plant the crop so as to
increase the State's food supply. The government believes the increase in
the subsidy assistance will directly increase the level of income and
well-being of the farmers in the State. This would be in line with the Malaysia
policy of People First, Performance Now. The move is also in line with the
government objective to increase the State's self-sufficiency in padi and
rice production to 60 per cent by the year 2010.
|
|
The Government has identified the processed food industry as one of the
major growth sectors of the economy under the Ninth Malaysia Plan (9MP).
Under the 9MP, the food commodities subsector is expected to grow at an
average rate of 7.6% per annum through improvements in efficiency and
productivity as well as expansion in hectarage. Exports of food commodities
will be increased to achieve a positive food trade balance. The production
of 'padi' will be increased to meet the target of self-sufficiency level of
90%. The production of fruits will be undertaken on a large-scale in the
fruit production zones using the cluster development approach and
concentrating on nine fruit species which have export potential. The
production of vegetables will focus on high value varieties for local
consumption and selected export markets. The Green Book Programme to
promote cultivation of food crops at the community level will be
reactivated.
|
|
Note : The Ninth Malaysia Plan (9MP) was tabled in Parliament on March 31,
2006, is the five-year blueprints within the new National Mission policy
and implementation framework from now until 2010. Malaysia is
expected to see some structural changes and improved performance in the
economy.
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Average Growth
|
COMMENTS & RECOMMENDATION
|
Incorporated in 1987 as a private limited company, the SC is
principally engaged in import and export of merchandise goods and foodstuff.
Its long presence in the industry shows that the SC has been able to keep
its business going despite the passing of two decades of highs and lows in
the local economy. Presently, the SC's issued and paid up capital stands at
RM5 million. This adequate capital has allowed the SC to expand its
business comfortably.
|
|
Information revealed that the SC solely focuses on domestic market rather
than overseas market. We believe that this narrow market segment would
limit the SC's business opportunities and the SC is likely to be affected
by the uncertainties in local economy. However, its long presence in the
market has enabled the SC to gain certain market shares and established
good rapport with its clients. Thus, its business risk is diversified. Being
a small company, the SC's business operation is supported by 10 employees.
Overall, we regard that the SC's management capability is average.
|
|
During the financial year 2010, the SC's pre-tax profit stood at RM2.16
million, given a turnover of RM40.46 million. The SC has generated a low
return on shareholders' funds indicates that the management was inefficient
in utilising the SC's assets to generate income. Besides, the SC possesses
a weak liquidity position and we believe that the SC may face some difficulties
in meeting its short term financial obligations. Moreover, the SC has a
high liability ratio which has placed the SC at high financial risk.
Nevertheless, as the SC maintain a positive net worth standing at RM28.29
million, we believe the SC is able to enhance its business in the near
term.
|
|
The SC's supplier are from both the local and overseas countries. This will
eliminates the risk of dependency on deliveries from a number of key
suppliers and insufficient quantities of its raw materials.
|
|
The SC is clear of any litigation action.
|
|
The industry remains robust with continuing strong global demand for its
products. There is no doubt that the food industry is growing, in tandem with
the rising population. However, we are of the opinion that there are large
numbers of other companies in the same industry. In another words, we
believe that the SC faces stiff competitions from other local and foreign
players.
|
|
In view of its limited financial performance, we recommend credit be
granted to the SC with close monitoring.
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIA
ACCOUNTING STANDARD.
|
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
YUSUF TAIYOOB SDN BHD
|
|
30-June-2010
|
|
Consolidated Accounts
|
:
|
NO
|
|
UnQualified Reports
|
:
|
YES
|
|
|
|
|
RM
|
|
Turnover
|
40,462,553.00
|
|
Operating Revenue
|
0.00
|
|
|
---------------------
|
|
Profit/(Loss) Before Tax
|
2,165,101.00
|
|
|
---------------------
|
|
|
|
Profit/(Loss) After Tax
|
1,100,847.00
|
|
Extraordinary Item
|
0.00
|
|
Minority Interest
|
0.00
|
|
|
---------------------
|
|
Profit/(Loss) Attributable to Shareholders
|
1,100,847.00
|
|
|
---------------------
|
|
|
|
Prior Period Adjustment
|
0.00
|
|
Net Dividend
|
0.00
|
|
Transferred To/From Reserved
|
0.00
|
|
Others
|
0.00
|
|
|
---------------------
|
|
Unappropriated Profit/(Loss) Brought Forward
|
22,197,989.00
|
|
|
---------------------
|
|
Unappropriated Profit/(Loss) Carried Forward
|
23,298,836.00
|
|
|
================
|
|
|
|
BALANCE SHEET
|
|
YUSUF TAIYOOB SDN BHD
|
|
30-June-2010
|
|
Consolidated Accounts
|
:
|
NO
|
|
UnQualified Reports
|
:
|
YES
|
|
|
|
|
RM
|
|
Fixed Assets
|
56,863,804.00
|
|
Total Investment
|
0.00
|
|
Amount Owing By
|
0.00
|
|
Current Assets
|
31,896,800.00
|
|
Intangible Assets
|
0.00
|
|
Other Assets
|
0.00
|
|
|
---------------------
|
|
Total Assets
|
88,760,604.00
|
|
|
================
|
|
|
|
|
Working Capital
|
<7,527,750.00>
|
|
|
|
|
Issued Capital
|
5,000,000.00
|
|
Paid Up Capital
|
5,000,000.00
|
|
Share Premium & Reserved
|
0.00
|
|
Unappropriated Profit/(Loss)
|
23,298,836.00
|
|
|
---------------------
|
|
Shareholder's Fund/Equity
|
28,298,836.00
|
|
|
---------------------
|
|
|
|
Current Liabilities
|
39,424,550.00
|
|
Amount Owing To
|
0.00
|
|
Long-term and Deferred Liabilities
|
21,037,218.00
|
|
Share Application Account
|
0.00
|
|
Minority Interest
|
0.00
|
|
|
---------------------
|
|
Total Equity Liability
|
88,760,604.00
|
|
|
================
|
|
|
|
|
Contingent Liabilities
|
0.00
|
|
