|
* Adopted
abbreviations :
SC - Subject Company (the company enquired by
you)
N/A - Not Applicable
EXECUTIVE SUMMARY
|
REGISTRATION NO.
|
:
|
770640-T
|
|
COMPANY NAME
|
:
|
SUNRISE WINES & SPIRITS SDN BHD
|
|
FORMER NAME
|
:
|
SUNRISE FOOD SERVICES SDN BHD (05/01/2009)
|
|
INCORPORATION DATE
|
:
|
23/04/2007
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL STATUS
|
:
|
PRIVATE LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
REGISTERED ADDRESS
|
:
|
221-C, JALAN MAHKOTA, TAMAN MALURI, 55100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
NO 2A JALAN PJU 3/48, SUNWAY DAMANSARA, 47810 PETALING JAYA,
SELANGOR, MALAYSIA.
|
|
TEL.NO.
|
:
|
03-62763993
|
|
FAX.NO.
|
:
|
03-62731662
|
|
CONTACT PERSON
|
:
|
YAP CHEE LEONG ( DIRECTOR )
|
|
INDUSTRY CODE
|
:
|
52224
|
|
PRINCIPAL
ACTIVITY
|
:
|
TRADING OF
WINES & OTHER RELATED PRODUCT
|
|
AUTHORISED
CAPITAL
|
:
|
MYR 500,000.00
DIVIDED INTO
ORDINARY SHARE 500,000.00 OF MYR 1.00 EACH.
|
|
ISSUED AND
PAID UP CAPITAL
|
:
|
MYR 300,002.00
DIVIDED INTO
ORDINARY SHARES 300,002 CASH OF MYR 1.00 EACH.
|
|
SALES
|
:
|
MYR 0 [2009]
|
|
NET WORTH
|
:
|
MYR
<9,476> [2009]
|
|
STAFF STRENGTH
|
:
|
N/A
|
|
BANKER (S)
|
|
UNITED
OVERSEAS BANK (MALAYSIA) BHD
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER CHECK
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
N/A
|
|
COMMERCIAL RISK
|
:
|
HIGH
|
|
CURRENCY EXPOSURE
|
:
|
MODERATE
|
|
GENERAL REPUTATION
|
:
|
N/A
|
|
INDUSTRY OUTLOOK
|
:
|
MATURE
|
|
PROPOSED CREDIT LIMIT
|
:
|
NIL
|
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) trading of wines
& other related product.
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.TAN ACK JIN
|
D5, PARK SEVEN CONDOMINIUM, 5 PERSIARAN KLCC, 50450 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
|
570524-14-5003
|
150,001.00
|
|
MS.TWONG YOKE MOOI
|
D5, PARK SEVEN CONDOMINIUM, 5, PERSIARAN KLCC, 50450 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
|
610715-10-6238
6267924
|
150,001.00
|
|
|
|
|
---------------
|
|
|
|
|
300,002.00
|
|
|
|
|
============
|
+ Also Director
DIRECTOR
No director found in our databank.
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
YAP CHEE LEONG
|
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
AUDITOR
|
Auditor
|
:
|
SFW & ASSOCIATES
|
|
Auditor' Address
|
:
|
221-B, JALAN MAHKOTA, TAMAN MALURI, 55100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA.
|
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
MR. TEE GEOK HOON
|
|
|
IC / PP No
|
:
|
6158574
|
|
|
New IC No
|
:
|
610712-01-5859
|
|
|
Address
|
:
|
7, JALAN 7/23B, DANAU KOTA, SETAPAK, 53300 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2)
|
Company Secretary
|
:
|
MR. FAKRUL ANWAR BIN AB RAHMAN
|
|
|
IC / PP No
|
:
|
A3114017
|
|
|
New IC No
|
:
|
750811-03-5307
|
|
|
Address
|
:
|
2A-03-07, BLOCK A, SRI PENAGA APARTMENT, JALAN WAWASAN 4/12, PUSAT BANDAR
PUCHONG, 47100 PUCHONG, SELANGOR, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
Banking relations are maintained principally with :
|
1)
|
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
|
:
|
26/06/2009
|
|
Description Of Charge
|
:
|
|
AN ALL MONIES LOAN AGREEMENT CUM ASSIGNMENT
|
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
|
THE FULL AND ENTIRE BENEFIT OF THE SALE AND PURCHASE AGREEMENT
|
|
|
Name & Address Of Chargee
|
:
|
|
UNITED OVERSEAS BANK (MALAYSIA) BHD
|
|
BANGUNAN UOB, MEDAN PASAR, 10-12 MEDAN PASAR, 50744 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 07/07/2009
|
|
Registered and Numbered 1 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
|
Percentage
|
:
|
40%
|
|
Overseas
|
:
|
YES
|
Percentage
|
:
|
60%
|
CLIENTELE
|
Local
|
:
|
YES
|
Percentage
|
:
|
100%
|
|
Domestic Markets
|
:
|
MALAYSIA
|
|
Overseas
|
:
|
NO
|
Percentage
|
:
|
0%
|
|
|
|
|
|
|
|
|
Credit Term
|
:
|
AS AGREED
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES,CASH
|
oPERATIONS
|
Goods Traded
|
:
|
|
|
|
|
|
|
Competitor(s)
|
:
|
|
AZIONTRADE SDN BHD
|
|
CSS FOOD & BEVERAGES SDN BHD
|
|
KONHONG SDN BHD
|
|
LUEN HENG F & B SDN BHD
|
|
NGUANG CHAN (M) SDN BHD
|
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) trading of wines &
other related product.
The SC refuse to provide detail information regarding to its business
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
|
:
|
0362763993
|
|
Current Telephone Number
|
:
|
03-62763993
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Address Provided by Client
|
:
|
NO 2A JALAN PJU 3/48, SUNWAY DAMANSARA, 47810, PETALING JAYA,
SELANGOR.
|
|
Current Address
|
:
|
NO 2A JALAN PJU 3/48, SUNWAY DAMANSARA, 47810 PETALING JAYA,
SELANGOR, MALAYSIA.
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
YES
|
Other Investigations
We contacted one of the SC staff and she provided limited information regarding
to the SC.
The SC refuse to reveal its number of employee.
The SC only started its business operation in 2010.
FINANCIAL COMMENTS
The SC's turnover was nil during the year
indicate that it was inactive. As a result, we are unable to comment on its
financial performance.
Overall financial condition of the SC : N/A
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
|
|
52224 : Retail sale of beer, wine and spirits
|
|
|
|
|
INDUSTRY :
|
ALCOHOLIC
|
|
|
|
|
|
|
The government did not raise the excise duty on beer at budget 2010. Demand
for beer and stout in Malaysia may grow slightly in 2010 as no increase in
excise duty. The growth will be either stagnant or in the low single. The current
excise duty, at RM7.40 a liter is the highest in the world after Norway.
Demand for beer and stout, collectively known as malt liquor, has just
starting to stabilise in 2009 after being hit by duty hikes in 2008.
|
|
The competitive and lackluster local malt liquor market (MLM) has led
industry players to look at means and ways to grow the business and boost
margins. A new trend in the industry is the growing imported and premium
beer segment. The segment is expected to grow further in order to provide
better margins for brewers. The consumption of imported beers is rising as
consumers become more sophisticated and want to try different beers.
Although the volume is small, it is a profitable growth area.
|
|
A better profit margin is foreseeable in 2010 as raw material prices have
come down. Bottom-line will be hit in 2009 though as the raw materials for
2009 are at a higher price. However, many still expect the MLM to remain
very competitive with slow volume growth in the next few years. Even no hike
in excise duties, the industry volume is expected to grow slowly which
largely premised on the country's high percentage of Muslim population and
a shrinking Chinese population.
|
|
Industry volume has been growing at a compounded annual growth rate of
about 0.9% from 2000 to 2008. A flat and light year is forecasted for the
brewery industry, with MLM volume remaining flattish at best for 2009 and
2010, before growing 1% in 2011.
|
|
Beer and stout sales may be flat overall, but there are significant shifts
occurring within the beer segment. Throughout the last few years, the
emergence of the sophisticated drinker has contributed to the changing
industry landscape. The sophisticated drinker, typically below 30 years
old, prefers draft beer and quality imports, opting for upmarket brands
perceived to be cooler and trendier.
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Mature
|
COMMENTS & RECOMMENDATION
|
Formed in 2007 as a private limited company, the SC is principally engaged
in trading of wines and other related product. Investigation revealed that
the SC was only in the operation for less than a year and is a new presence
in the industry. Its position in the market is not stable. Hence, we
propose that the business transactions with SC be conducted with caution
and on a conservative basis until such times when the SC is more fully
established.
|
|
The commercial risk of the SC is high as it has yet to build up reputation
in the industry due to its early establishment. Moreover, there are a large
number of similar players in the same field. Without proper business
strategies, the business performance of the SC may be eroded. The SC's
overall management capability is considered as weak.
|
|
The SC's turnover was nil on the financial year 2009 as it was inactive
during the year.
|
|
We noted 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. As the SC is newly established, it might deal
with a limited number of suppliers.
|
|
Based on our databank, the SC is clear of any litigation action
|
|
The industry is reaching its maturity stage and only marginal growth is expected.
Being a young and small player in the industry, the SC however faces fierce
competition from other well-established players and it is likely to be
exposed to currency fluctuation risk which in turn may impair its
profitability.
|
|
Based on the above unfavourable condition, we regard granting credit to the
SC to be quite risky. Hence, credit is not recommended.
|
PROFIT AND LOSS ACCOUNT
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIA ACCOUNTING STANDARD.
|
|
SUNRISE WINES
& SPIRITS SDN BHD
|
|
For The Year
Ended 31-March-2009
|
|
|
|
|
|
|
2009
|
2008
|
|
|
MYR
|
MYR
|
|
|
|
|
|
|
|
|
|
TURNOVER
|
0
|
0
|
|
|
==========
|
==========
|
|
PROFIT/(LOSS) FROM OPERATIONS
|
<4,418>
|
<5,060>
|
|
|
------------
|
------------
|
|
PROFIT/(LOSS) BEFORE TAXATION
|
<4,418>
|
<5,060>
|
|
PROFIT/(LOSS) AFTER TAXATION
|
------------
<4,418>
|
------------
<5,060>
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS
|
------------
<4,418>
|
------------
<5,060>
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS
RETAINED PROFIT/(ACCUMULATED LOSS) BROUGHT FORWARD
|
------------
<4,418>
|
------------
<5,060>
|
|
As previous reported
|
<5,060>
|
-
|
|
|
|
|
|
As restated
|
------------
<5,060>
|
------------
-
|
|
|
------------
|
------------
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS
|
<9,478>
|
<5,060>
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RETAINED PROFIT/(ACCUMULATED LOSS) CARRIED FORWAD
|
------------
<9,478>
==========
|
------------
<5,060>
==========
|
|
RETAINED BY: The Company
|
<9,478>
|
<5,060>
|
|
|
|
|
|
|
|
|
|
|
------------
<9,478>
==========
|
------------
<5,060>
==========
|
|
|
|
|
BALANCE SHEET
|
SUNRISE WINES
& SPIRITS SDN BHD
|
|
As At
31-March-2009
|
|
|
|
|
|
|
2009
|
2008
|
|
|
MYR
|
MYR
|
|
|
|
|
|
|
ASSET EMPLOYED:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other debtors, deposits & prepayments
|
330,000
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash & bank balances
|
2
|
2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS
|
------------
330,002
|
------------
2
|
|
|
|
|
|
|
CURRENT LIABILITIES
|
|
|
|
|
|
|
|
|
|
Other creditors & accruals
|
5,533
|
5,060
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owing to director
|
333,945
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES
|
------------
339,478
|
------------
5,060
|
|
NET CURRENT ASSETS/(LIABILITIES)
|
------------
<9,476>
|
------------
<5,058>
|
|
TOTAL NET ASSETS
|
------------
<9,476>
==========
|
------------
<5,058>
==========
|
|
|
|
|
|
|
FINANCED BY:
|
|
|
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
|
|
Ordinary share capital
|
2
|
2
|
|
|
|
|
|
|
TOTAL SHARE CAPITAL
|
------------
2
|
------------
2
|
|
|
|
|
|
|
RESERVES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retain profit/(Accumulated loss) carried forward
|
<9,478>
|
<5,060>
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL RESERVES
|
------------
<9,478>
|
------------
<5,060>
|
|
SHAREHOLDERS' FUNDS/EQUITY
|
------------
<9,476>
|
------------
<5,058>
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
------------
|
------------
|
|
|
<9,476>
|
<5,058>
|
|
|
==========
|
==========
|
|
|
|
|
|
FINANCIAL RATIOS
|
SUNRISE WINES
& SPIRITS SDN BHD
|
|
As At
31-March-2009
|
|
|
|
|
|
|
2009
|
2008
|
|
|
MYR
|
MYR
|
|
|
|
|
|
|
|
|
|
|
|
TYPES OF FUNDS
|
|
|
|
|
Cash
|
2
|
2
|
|
|
Net Liquid Funds
|
2
|
2
|
|
|
Net Liquid Assets
|
<9,476>
|
<5,058>
|
|
|
Net Current Assets/(Liabilities)
|
<9,476>
|
<5,058>
|
|
|
Net Tangible Assets
|
<9,476>
|
<5,058>
|
|
|
Net Monetary Assets
|
<9,476>
|
<5,058>
|
|
|
|
|
|
|
BALANCE SHEET ITEMS
|
|
|
|
|
Total Borrowings
|
0
|
0
|
|
|
Total Liabilities
|
339,478
|
5,060
|
|
|
Total Assets
|
330,002
|
2
|
|
|
Net Assets
|
<9,476>
|
<5,058>
|
|
|
Net Assets Backing
|
<9,476>
|
<5,058>
|
|
|
Shareholders" Funds
|
<9,476>
|
<5,058>
|
|
|
Total Share Capital
|
2
|
2
|
|
|
Total Reserves
|
<9,478>
|
<5,060>
|
|
|
|
|
|
|
LIQUIDITY(Times)
|
|
|
|
|
Cash Ratio
|
0
|
0
|
|
|
Liquid Ratio
|
0.97
|
0.00
|
|
|
Current Ratio
|
0.97
|
0.00
|
|
|
|
|
|
|
WORKING CAPITAL CONTROL (Days)
|
|
|
|
|
Stock Ratio
|
0
|
0
|
|
|
Debtors Ratio
|
0
|
0
|
|
|
Creditors Ratio
|
0
|
0
|
|
|
|
|
|
|
SOLVENCY RATIOS (Times)
|
|
|
|
|
Gearing Ratio
|
0
|
0
|
|
|
Liabilities Ratio
|
<35.83>
|
<1.00>
|
|
|
Times Interest Earned Ratio
|
0
|
0
|
|
|
|
|
|
|
PERFORMANCE RATIO (%)
|
|
|
|
|
Operating Profit Margin
|
0
|
0
|
|
|
Net Profit Margin
|
0
|
0
|
|
|
Return On Net Assets
|
46.62
|
100.04
|
|
|
Return On Capital Employed
|
46.62
|
100.04
|
|
|
Return On Shareholders' Funds/Equity
|
46.62
|
100.04
|
|
|
Dividend Pay Out Ratio (Times)
|
0
|
0
|
|
|
|
|
|
|
NOTES TO ACCOUNTS
|
|
|
|
|
Contingent Liabilities
|
0.00
|
0.00
|
|
|
|
|
|
|
|
|
