|
* Adopted abbreviations :
|
SC - Subject Company (the company enquired by you)
|
|
|
|
|
N/A - Not Applicable
|
|
|
|
|
|
EXECUTIVE
SUMMARY
|
REGISTRATION NO.
|
:
|
863408-D
|
|
COMPANY NAME
|
:
|
TRILLION RUBBER SDN BHD
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
07/07/2009
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL STATUS
|
:
|
PRIVATE LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
REGISTERED ADDRESS
|
:
|
SUITE A, 61/63, LEBUH BISHOP, GEORGETOWN,
1ST FLOOR, 10200 PULAU PINANG, PULAU PINANG,
MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
PLOT 1, LOT 5614 , SUNGAI KETAPAN, 08300 GURUN, KEDAH, MALAYSIA.
|
|
TEL.NO.
|
:
|
04-4619687 / 4619688
|
|
FAX.NO.
|
:
|
04-4619686
|
|
CONTACT PERSON
|
:
|
WEE WERN LEE ( DIRECTOR )
|
|
INDUSTRY CODE
|
:
|
2519
|
|
PRINCIPAL
ACTIVITY
|
:
|
MANUFACTURING
OF RUBBER PRODUCTS
|
|
AUTHORISED
CAPITAL
|
:
|
MYR
10,000,000.00 DIVIDED INTO
ORDINARY SHARE 10,000,000.00 OF MYR 1.00 EACH.
|
|
ISSUED AND
PAID UP CAPITAL
|
:
|
MYR
5,125,000.00 DIVIDED INTO
ORDINARY SHARES 5,125,000 CASH OF MYR 1.00 EACH.
|
|
SALES
|
:
|
MYR 6,077,591
[2009]
|
|
NET WORTH
|
:
|
MYR 4,681,442
[2009]
|
|
STAFF STRENGTH
|
:
|
55 [2011]
|
|
BANKER (S)
|
|
MALAYAN
BANKING 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
|
:
|
USD11,272.00
|
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) manufacturing of rubber products.
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
|
|
MR. GOY BOON KIAN @ WEE WEARN LEE +
|
167-31-3, GURNEY PARK, PERSIARAN GURNEY, 10250 GEORGETOWN,
PULAU PINANG, MALAYSIA.
|
481016-01-5259
7510646
|
1,025,000.00
|
|
PHERM TIRASARNVONG +
|
167-31-3, GURNEY PARK, PERSIARAN GURNEY, 10250 GEORGETOWN,
PULAU PINANG, MALAYSIA.
|
C794175
|
1.00
|
|
SOUTHLAND RESOURCES CO LTD
|
|
|
4,099,999.00
|
|
|
|
|
---------------
|
|
|
|
|
5,125,000.00
|
|
|
|
|
============
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
MS.ADELENA LESTARI CHONG AI LIN
|
|
Address
|
:
|
28, LEBUH BISHOP, 2ND FLOOR, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
|
IC / PP No
|
:
|
9595772
|
|
New IC No
|
:
|
720206-10-5242
|
|
Date of Birth
|
:
|
06/02/1972
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN CHINESE
|
|
Date of Appointment
|
:
|
01/02/2010
|
DIRECTOR 2
|
Name Of Subject
|
:
|
LEONG TIM FOOK
|
|
Address
|
:
|
2 KIM YAM
ROAD, RIVERA POINT, 06-02, 239320, SINGAPORE.
|
|
IC / PP No
|
:
|
S2000628E
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of Appointment
|
:
|
02/09/2009
|
DIRECTOR 3
|
Name Of Subject
|
:
|
PHERM TIRASARNVONG
|
|
Address
|
:
|
167-31-3, GURNEY PARK, PERSIARAN GURNEY, 10250 GEORGETOWN,
PULAU PINANG, MALAYSIA.
|
|
IC / PP No
|
:
|
C794175
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
N/A
|
|
Date of Appointment
|
:
|
07/07/2009
|
DIRECTOR 4
|
Name Of Subject
|
:
|
MR. GOY BOON KIAN @ WEE WEARN LEE
|
|
Address
|
:
|
167-31-3, GURNEY PARK, PERSIARAN GURNEY, 10250 GEORGETOWN,
PULAU PINANG, MALAYSIA.
|
|
IC / PP No
|
:
|
7510646
|
|
New IC No
|
:
|
481016-01-5259
|
|
Date of Birth
|
:
|
16/10/1948
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN CHINESE
|
|
Date of Appointment
|
:
|
07/07/2009
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
WEE WERN LEE
|
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
AUDITOR
|
Auditor
|
:
|
LLTC
|
|
Auditor' Address
|
:
|
37, LINTASAN PERAJURIT 6, TAMAN PERAK, 31400 IPOH,
PERAK, MALAYSIA.
|
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
MR. STUART PETER CHONG TZE MIN
|
|
|
|
|
|
|
|
New IC No
|
:
|
770416-07-5649
|
|
|
Address
|
:
|
28, LEBUH BISHOP, 2ND FLOOR, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
|
2)
|
Company Secretary
|
:
|
MS. ADELENA LESTARI CHONG AI LIN
|
|
|
IC / PP No
|
:
|
9595772
|
|
|
New IC No
|
:
|
720206-10-5242
|
|
|
Address
|
:
|
28, LEBUH BISHOP, 2ND FLOOR, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
MALAYAN BANKING BHD
|
|
The SC enjoys normal banking routine with above mentioned banker(s).
No adverse record was found during our investigation.
|
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.
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
|
CLIENTELE
|
Local
|
:
|
YES
|
|
Domestic Markets
|
:
|
MALAYSIA
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
ASIA
|
|
Credit Term
|
:
|
30 - 60 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
|
OPERATIONS
|
Products manufactured
|
:
|
|
|
|
|
|
|
Competitor(s)
|
:
|
FELDA RUBBER
INDUSTRIES SDN BHD
KUMPULAN JEBCO (M) SDN BHD
REVERTEX (MALAYSIA) SDN BHD
SAN TEH INDUSTRIES SDN BHD
TECHNOMEIJI RUBBER SDN BHD
|
|
|
|
|
|
Total Number of Employees:
|
|
YEAR
|
2011
|
|
|
|
|
GROUP
|
N/A
|
|
|
|
|
|
|
|
|
|
COMPANY
|
55
|
|
|
|
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) manufacturing of rubber
products.
The SC manufactures raw materials especially the rubber products for tyre
industry.
The SC however refused to reveal more information on its operation.
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
|
:
|
04-4619687 / 4619688
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
PLOT 1, LOT 5614 , SUNGAI KETAPAN,
08300, GURUN, KEDAH.
|
|
Current Address
|
:
|
PLOT 1, LOT 5614 , SUNGAI KETAPAN, 08300 GURUN, KEDAH, MALAYSIA.
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
YES
|
Other
Investigations
we contacted one of the staff from the SC and she provided some
information on the SC.
FINANCIAL COMMENTS
The financial
summary of the SC in Year 2009 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. The SC has high liabilities ratio and it may face
financial difficulties if no additional capital is injected. However, the SC
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.
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
|
|
2519 : Manufacture of other rubber products
|
|
|
|
|
INDUSTRY :
|
RUBBER PRODUCTS
|
|
|
|
|
|
|
Malaysia's
export of rubber products is expected to touch RM30 billion in 10 years,
driven primarily by strong demand for rubber gloves as the world becomes
more health-conscious and also given the aging population and increasing
number of nursing homes and more stringent regulations.
|
|
Malaysia
is the world's biggest glove manufacturer. Last year, it exported RM7.2
billion worth of gloves, supplying more than 65 per cent of global demand.
Global demand last year was 150 billion pieces or RM12 billion. This is expected
to grow by 10 per cent per annum, giving local players an opportunity to
increase their supply. Consequently, RM25 billion will come from the export
of latex-based products, and about RM5 billion from dry rubber goods.
|
|
In the view of strong demand, growth to glove makers boosting exports to
emerging markets like India, China, South America, Latin America and the
Middle East. Local players are investing some RM1 billion up to 2015 to
improve production and upgrade existing plants.
|
|
Moreover, rubber gloves industry have been prevailed to be part of the key
economic areas, similar to palm oil and this issue has been agreed by
Cabinet. Commodity laboratories are being set up.
|
|
To move the industry forward, challenges like high operating cost including
raw material price, rising technical demand and labour shortage must be
addressed. It is timely to revitalise and confront the various challenges
brought about by globalisation.
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Average Growth
|
COMMENTS & RECOMMENDATION
|
Formed in 2009 as a private limited company, the SC is registered to
be engaged in the manufacturing of rubber products. With RM5.12 million in
issued and paid up capital, the SC has the potential of capturing a higher
market shares as it is competing aggressively in the market.
|
|
Apart from local market, the SC also has business operations in other
countries. The wider range of its market segments has benefited the SC in terms
of higher earnings and minimized its business risk. Nonetheless, as a
loss-making company indicating that the SC faces stiff competition from
other players in the same industry. More efforts are expected from the
management in order to sustain its growth momentum. Headed by its Director,
the SC currently has about 55 staff in its business operations. The overall
management capability of the SC is average.
|
|
For the financial year ended 2009, the SC has recorded a turnover of RM6.07
million and it has suffered pre-tax losses of RM218,560. 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. The SC has high liabilities ratio and it may face
financial difficulties if no additional capital is injected. However, the
SC 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.
|
|
Investigation revealed that the SC's raw materials are sourced from both
local and overseas suppliers. Hence, the SC is subjected to currency
fluctuation risk and high operating costs.
|
|
The industry shows an upward trend and this trend is likely to sustain in
the near future. With the promising outlook of the industry performance,
the SC business potential should be favourable. The SC however faces
moderate business risk as it has to compete with many well established
players in the same field.
|
|
In view of the above, 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
|
|
TRILLION RUBBER SDN BHD
|
|
31-December-2009
|
|
Consolidated Accounts
|
:
|
NO
|
|
UnQualified Reports
|
:
|
YES
|
|
|
|
|
RM
|
|
Turnover
|
6,077,591.00
|
|
Operating Revenue
|
0.00
|
|
|
---------------------
|
|
Profit/(Loss) Before Tax
|
<218,560.00>
|
|
|
---------------------
|
|
|
|
Profit/(Loss) After Tax
|
<218,560.00>
|
|
Extraordinary Item
|
0.00
|
|
Minority Interest
|
0.00
|
|
|
---------------------
|
|
Profit/(Loss) Attributable to Shareholders
|
<218,560.00>
|
|
|
---------------------
|
|
|
|
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
|
<218,560.00>
|
|
|
================
|
|
|
|
BALANCE SHEET
|
|
TRILLION RUBBER SDN BHD
|
|
31-December-2009
|
|
Consolidated Accounts
|
:
|
NO
|
|
UnQualified Reports
|
:
|
YES
|
|
|
|
|
|
RM
|
|
Fixed Assets
|
2,272,970.00
|
|
Total Investment
|
0.00
|
|
Amount Owing By
|
0.00
|
|
Current Assets
|
19,907,021.00
|
|
Intangible Assets
|
0.00
|
|
Other Assets
|
0.00
|
|
|
---------------------
|
|
Total Assets
|
22,179,991.00
|
|
|
================
|
|
|
|
|
Working Capital
|
2,447,229.00
|
|
|
|
|
Issued Capital
|
4,900,002.00
|
|
Paid Up Capital
|
4,900,002.00
|
|
Share Premium & Reserved
|
0.00
|
|
Unappropriated Profit/(Loss)
|
<218,560.00>
|
|
|
---------------------
|
|
Shareholder's Fund/Equity
|
4,681,442.00
|
|
|
---------------------
|
|
|
|
|
Current Liabilities
|
17,459,792.00
|
|
Amount Owing To
|
0.00
|
|
Long-term and Deferred Liabilities
|
38,757.00
|
|
Share Application Account
|
0.00
|
|
Minority Interest
|
0.00
|
|
|
---------------------
|
|
Total Equity Liability
|
22,179,991.00
|
|
|
================
|
|
|
|
|
Contingent Liabilities
|
0.00
|
|
|
|
|
