|
* Adopted abbreviations :
|
SC - Subject Company (the company enquired by you)
|
|
|
|
N/A - Not Applicable
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|
|
|
EXECUTIVE SUMMARY
|
REGISTRATION NO.
|
:
|
002030435-M
|
|
COMPANY NAME
|
:
|
AY MANAGEMENT SERVICES
|
|
COMMENCEMENT DATE
|
:
|
11/04/2011
|
|
REGISTRATION DATE
|
:
|
11/04/2011
|
|
EXPIRY DATE
|
:
|
10/04/2012
|
|
BUSINESS CONSTITUTION
|
:
|
PARTNERSHIP
|
|
|
|
|
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BUSINESS ADDRESS
|
:
|
83, JALAN TUANKU ABDUL RAHMAN, 50100 KUALA
LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA.
|
|
TEL.NO.
|
:
|
N/A
|
|
FAX.NO.
|
:
|
N/A
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CONTACT PERSON
|
:
|
N/A
|
|
|
|
|
|
INDUSTRY CODE
|
:
|
74149
|
|
PRINCIPAL ACTIVITY
|
:
|
OTHER MANAGEMENT CONSULTANCY ACTIVITIES N.E.C
|
|
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|
|
|
STAFF STRENGTH
|
:
|
N/A
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LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER CHECK
|
:
|
CLEAR
|
|
|
|
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PAYMENT
|
:
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N/A
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MANAGEMENT CAPABILITY
|
:
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N/A
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|
|
|
|
|
COMMERCIAL RISK
|
:
|
N/A
|
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CURRENCY EXPOSURE
|
:
|
N/A
|
|
GENERAL REPUTATION
|
:
|
N/A
|
|
INDUSTRY OUTLOOK
|
:
|
MARGINAL GROWTH
|
|
PROPOSED CREDIT LIMIT
|
:
|
NIL
|
HISTORY / BACKGROUND
The SC commenced its business on
11/04/2011 as a PARTNERSHIP.
The SC is a partnership firm registered under the Business Registration Act.
The partners liabilities are unlimited, that is, if the partnership is not
able to meet its obligations, the partners have to be personally liable for
the debts incurred. The SC's ownership is transferable with consent of the
other partners. The SC as a partnership firm is governed by the Partnership
Act. The SC is not required to file in its financial statements with the
Registry of Business.
The SC is principally engaged in the (as a / as an) other management
consultancy activities n.e.c.
The SC is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
The owner of the SC are shown as follows :
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
|
MR.ANDREW YEE FOOK CHOY
|
17, JALAN WANGSA MURNI 9, TAMAN WANGSA MELAWATI, , 53300 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
610909-01-6193
6353406
|
50.00
|
|
MR.BERNARD YEE FOOK LOY
|
17, JALAN WANGSA PERMAI MURNI 9, TAMAN WANGSA MELAWATI, , 53300
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
660406-10-5907
A0383574
|
50.00
|
|
|
|
|
---------------
|
|
|
|
|
100.00
|
|
|
|
|
============
|
+ Also Director
OWNERS
OWNER(S) 1
|
Name Of Subject
|
:
|
MR.ANDREW YEE FOOK CHOY
|
|
Address
|
:
|
17, JALAN WANGSA MURNI 9, TAMAN WANGSA MELAWATI, 53300 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
IC / PP No
|
:
|
6353406
|
|
New IC No
|
:
|
610909-01-6193
|
|
Date of Birth
|
:
|
09/09/1961
|
|
Nationality
|
:
|
MALAYSIAN CHINESE
|
|
Date of Appointment
|
:
|
11/04/2011
|
|
Shareholding
|
:
|
50%
|
|
|
|
|
|
|
|
|
|
|
|
|
OWNER(S) 2
|
Name Of Subject
|
:
|
MR.BERNARD YEE FOOK LOY
|
|
Address
|
:
|
17, JALAN WANGSA PERMAI MURNI 9, TAMAN WANGSA MELAWATI, 53300 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
IC / PP No
|
:
|
A0383574
|
|
New IC No
|
:
|
660406-10-5907
|
|
Date of Birth
|
:
|
06/04/1966
|
|
Nationality
|
:
|
MALAYSIAN CHINESE
|
|
Date of Appointment
|
:
|
11/04/2011
|
|
Shareholding
|
:
|
50%
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
No data found in our databank.
AUDITOR
No Auditor found in our databank
BANKING
No Banker found in our databank.
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.
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
No payment record found in our databank.
CLIENTELE
No data found in our databank.
OPERATIONS
|
Competitor(s)
|
:
|
AEGIS SAPIENT
CONSULT
AUSLIFE MIGRATION CONSULTANTS
RED CARPET EVENT MANAGEMENT
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) other management
consultancy activities n.e.c.
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
|
:
|
N/A
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
LOT 2.12, WILAYAH
SHOPPING CENTRE, NO. 2, JALAN MUNSHI ABDULLAH, 50100 KUALA LUMPUR
|
|
Current Address
|
:
|
83, JALAN TUANKU ABDUL RAHMAN, 50100 KUALA
LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA.
|
|
Match
|
:
|
N/A
|
|
|
|
|
Other Investigations
We were unable to contact the SC and its Partners as they are not registered
with the Telekom Directory service provider in Malaysia.
We also unable to contact the SC based on the address provided as well as the
business address.
Due to this we are unable to provide further information on the SC.
FINANCIAL COMMENTS
We are unable to
comment on the SC financial position as the SC is not required by the law to
file its financial statement in the Registrar of Business.
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
|
|
74149 : Other business and management consultancy services n.e.c.
|
|
|
|
|
INDUSTRY :
|
BUSINESS SERVICES
|
|
Amidst slower overall economic activity, growth in the services sector is
expected to moderate to 4.5% in 2009. However, as the sector is more
domestically driven, the slower but continued growth in domestic demand,
together with supportive fiscal and monetary policies, will provide some
support against the weaker performance of trade- and tourism-related
activities that are expected to prevail in 2009. As a whole, the services
sector will remain the key growth sector of the economy in 2009,
contributing 2.5% points to the overall GDP growth.
|
|
In the services sector, consumer-oriented business segments such as
transportation and communications are expected to continue to undertake
investments, mainly to improve the provision of services. Businesses in the
wholesale and retail trade sub-sector are also expected to expand their
operations, though more selectively and at strategically located new
outlets. In the mining sector, capital spending will moderate and be
channelled towards maintaining existing production facilities and
exploration activities in view of long-term commitment to ensure
sustainable reserves. In addition, capital expenditure in the construction
sector will benefit from the implementation of projects identified in the
stimulus packages as well as the Ninth Malaysia Plan (9MP).
|
|
Public consumption is expected to increase by 7.3% in 2009, due mainly to
higher expenditures on emoluments and supplies and services. Of importance,
the higher allocation for supplies and services is to ensure the effective
delivery of Government services to support the private sector and cushion
the impact of the external downturn on affected segments.
|
|
In the social services sector, a major part of the allocation will be
utilised to improve the Government's provision of essential services such
as education and health, the development of infrastructure in the rural
areas and the building of affordable houses. Capital spending by the
non-financial public enterprises (NFPEs) is expected to moderate due to
slower economic activity. This will be reflected in the slower capacity
expansion in the oil and gas as well as utilities sub-sectors. Investments
by the NFPEs in the communications and utility sub-sectors will focus on
enhancing broadband network and improving power supply respectively.
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The finance and insurance sub-sector will continue to grow in 2009, albeit
at a slower pace. In line with slower private sector activity, both lending
activity and the insurance business are expected to moderate. Fee-based
income is also expected to reflect the subdued activity in the capital
markets. The lower demand for financing will, however, be partially offset
by an accommodative monetary environment and new measures introduced by the
Government and Bank Negara Malaysia to enhance access to financing for
viable businesses, such as the RM2 billion SME Assistance Guarantee Scheme,
the RM5 billion Working Capital Guarantee Scheme and the RM5 billion
Industry Restructuring Loan Guarantee Scheme.
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The communication sub-sector is expected to continue to register favourable
growth in 2009, supported by sustained demand for mobile communication and
broadband services. In particular, expansion of broadband coverage
following further investment in the high speed broadband project and WiMax
services will provide impetus for growth in the sub-sector.
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Moderation in growth is expected to be more pronounced in trade- and business-related
services due to the weakening external demand. Growth in the transport and
storage sub-sector is expected to slow, as the anticipated lower trade and
manufacturing activity will adversely affect demand for shipping and other
cargo-related transportation services. Similarly, the passenger segment is
expected to be affected by lower global demand for air travel.
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Direct investment abroad by Malaysian companies is anticipated to be lower
in 2009, with investments channeled mainly into the regional and other
emerging economies. During the year, outflows for acquisitions of strategic
interests in the services sector, which were committed towards end-2008,
are expected to continue, particularly in the utilities and transportation
sub-sectors. Meanwhile, overseas investments in the oil and gas, and
construction sectors are expected to moderate, following the projected
subdued performance of the oil and gas sector as well as a slowdown in the
implementation of infrastructure and development projects, particularly in
the Middle East and South Asia.
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In Malaysia,
the services sector has increasingly become an important growth stabiliser,
especially with the planned withdrawal of fiscal stimulus in the event of
economic downcycle. As a result, the services sector will continue to be
one of the main engines of growth, besides the manufacturing sector, in
supporting the overall growth of the economy.
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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.
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OVERALL INDUSTRY OUTLOOK : Marginal Growth
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COMMENTS & RECOMMENDATION
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During our investigation, we were unable to contact the SC as well as its
partners. Moreover, the SC only incorporated recently, 11 April 2011. The
chances of not yet commmence business is high. In view of this, the SC's
existence in the market is in doubt. Based on the above condition, the SC
is not qualified for credit assessment.
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