|
* Adopted abbreviations : SC
- Subject Company (the company enquired by you), N/A - Not Applicable
EXECUTIVE SUMMARY
|
REGISTRATION
NO.
|
:
|
301440-W
|
|
COMPANY NAME
|
:
|
BERJAYA STEEL
PRODUCT SDN BHD
|
|
FORMER NAME
|
:
|
YOWAKI
CORPORATION SDN BHD (21/09/1996)
|
|
INCORPORATION
DATE
|
:
|
24/05/1994
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL STATUS
|
:
|
PRIVATE
LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED
ADDRESS
|
:
|
65, WISMA
KIMTOO, JALAN LOKE YEW, 55200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
BUSINESS
ADDRESS
|
:
|
191-5, 5TH
FLOOR, WISMA CKE, JALAN LANCANG, OFF JALAN CHERAS, 56100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
TEL.NO.
|
:
|
03-92856600
|
|
FAX.NO.
|
:
|
03-91301226
|
|
EMAIL
|
:
|
export@berjayasteel.com
|
|
WEB SITE
|
:
|
www.berjayasteel.com
|
|
CONTACT PERSON
|
:
|
KENNY CHONG
WENG CHOY ( MANAGING DIRECTOR )
|
|
|
|
|
|
INDUSTRY CODE
|
:
|
29
|
|
PRINCIPAL
ACTIVITY
|
:
|
MANUFACTURING
OF COMMERCIAL CATERING EQUIPMENT, COMMERCIAL FOOD SERVICE EQUIPMENT,
COMMERCIAL KITCHEN EQUIPMENT, STAINLESS STEEL FABRICATION EQUIPMENT
|
|
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
1,500,000.00 DIVIDED INTO
ORDINARY SHARES 300,000 CASH AND 1,200,000 OTHERWISE OF MYR 1.00 EACH.
|
|
|
|
|
|
SALES
|
:
|
MYR
123,754,357 [2010]
|
|
NET WORTH
|
:
|
MYR 37,155,271
[2010]
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
750 [2012]
|
|
BANKER (S)
|
:
|
|
OCBC BANK
(MALAYSIA) BHD
UNITED OVERSEAS BANK (MALAYSIA) BHD
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER
CHECK
|
:
|
CLEAR
|
|
FINANCIAL
CONDITION
|
:
|
FAIR
|
|
PAYMENT
|
:
|
AVERAGE
|
|
MANAGEMENT
CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
|
COMMERCIAL
RISK
|
:
|
LOW
|
|
CURRENCY
EXPOSURE
|
:
|
MODERATE
|
|
GENERAL
REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY
OUTLOOK
|
:
|
MARGINAL
GROWTH
|
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 commercial catering equipment, commercial food
service equipment, commercial kitchen equipment, stainless steel fabrication
equipment.
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' CHONG
WENG CHOY +
|
48, JALAN SL
3/2, TAMAN SUNGAI LONG, 43000 KAJANG, SELANGOR, MALAYSIA.
|
640209-08-5371
7290848
|
765,000.00
|
51.00
|
|
MR. CHONG LIAU
KONG +
|
LOT 122,
LORONG CEMPAKA 3, BANGI GOLF RESORT, 43650 BANDAR BARU BANGI, SELANGOR,
MALAYSIA.
|
570201-08-6387
5554207
|
735,000.00
|
49.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
1,500,000.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of
Subject
|
:
|
MR. CHONG LIAU
KONG
|
|
Address
|
:
|
LOT 122,
LORONG CEMPAKA 3, BANGI GOLF RESORT, 43650 BANDAR BARU BANGI, SELANGOR,
MALAYSIA.
|
|
IC / PP No
|
:
|
5554207
|
|
New IC No
|
:
|
570201-08-6387
|
|
Date of Birth
|
:
|
01/02/1957
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
CHINESE
|
|
Date of
Appointment
|
:
|
24/05/1994
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of
Subject
|
:
|
DATO' CHONG
WENG CHOY
|
|
Address
|
:
|
48, JALAN SL
3/2, TAMAN SUNGAI LONG, 43000 KAJANG, SELANGOR, MALAYSIA.
|
|
IC / PP No
|
:
|
7290848
|
|
New IC No
|
:
|
640209-08-5371
|
|
Date of Birth
|
:
|
09/02/1964
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
CHINESE
|
|
Date of
Appointment
|
:
|
24/05/1994
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
1)
|
Name of
Subject
|
:
|
KENNY CHONG
WENG CHOY
|
|
|
Position
|
:
|
MANAGING
DIRECTOR
|
|
|
|
|
|
|
2)
|
Name of
Subject
|
:
|
LEONG WAH SAN
|
|
|
Position
|
:
|
FINANCE
MANAGER
|
|
|
|
|
|
|
3)
|
Name of
Subject
|
:
|
ESTHER CHONG
|
|
|
Position
|
:
|
EXPORT MANAGER
|
|
|
|
|
|
AUDITOR
|
Auditor
|
:
|
A D CHUN &
CO
|
|
Auditor'
Address
|
:
|
BLOCK C,
C-7-1, MENARA UNCANG EMAS, 85, JALAN LOKE YEW, 55200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
1)
|
Company
Secretary
|
:
|
MR. WONG
CHOONG PENG @ CHUNG CHOONG PUN
|
|
|
IC / PP No
|
:
|
7974956
|
|
|
New IC No
|
:
|
461208-10-5875
|
|
|
Address
|
:
|
11A, JALAN
SATU, TAMAN TUN ABD RAZAK, AMPANG JAYA, 68000 AMPANG, SELANGOR, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
OCBC BANK
(MALAYSIA) BHD
|
|
|
|
|
|
|
2)
|
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
|
:
|
07/04/1995
|
|
Description Of
Charge
|
:
|
LOAN
AGREEMENT, ASSIGNMENT & POWER OF ATTORNEY
|
|
Amount Secured
|
:
|
RM650,000.00
|
|
Description Of
Property Affected
|
:
|
LOT 3715, MK
OF SETUL, DIST SEREMBAN
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
57 JLN SG BESI, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
17/04/1995
|
|
Registered and
Numbered 1 In The Register of Charges
|
ENCUMBRANCE 2
|
Date of
Creation
|
:
|
17/10/1996
|
|
Description Of
Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM2,000,000.00
|
|
Description Of
Property Affected
|
:
|
N/A
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 2 In The Register of Charges
|
ENCUMBRANCE 3
|
Date of
Creation
|
:
|
11/11/1998
|
|
Description Of
Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM4,650,000.00
|
|
Description Of
Property Affected
|
:
|
N/A
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 3 In The Register of Charges
|
ENCUMBRANCE 4
|
Date of
Creation
|
:
|
12/06/2000
|
|
Description Of
Charge
|
:
|
1ST CHARGE
|
|
Amount Secured
|
:
|
RM1,500,000.00
|
|
Description Of
Property Affected
|
:
|
HS(D) 110909,
110910 & 110911, PT 16735, 16736 & 16737, MKSETUL,SEREMBAN, NEGERI
SEMBILAN
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
57 JLN SG BESI, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
03/07/2000
|
|
Registered and
Numbered 4 In The Register of Charges
|
ENCUMBRANCE 5
|
Date of
Creation
|
:
|
14/09/2001
|
|
Description Of
Charge
|
:
|
AGREEMENT,
ASSIGNMENT & CHARGE
|
|
Amount Secured
|
:
|
RM7,050,000.00
|
|
Description Of
Property Affected
|
:
|
HS(D) 110904,
110909, 110910 & 110911, PT 16730, 16735, 16736 & 16737, MK SETUL
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
57 JLN SG BESI, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
21/09/2001
|
|
Registered and
Numbered 5 In The Register of Charges
|
ENCUMBRANCE 6
|
Date of
Creation
|
:
|
05/08/2002
|
|
Description Of
Charge
|
:
|
AGREEMENT,
ASSIGNMENT & OPEN CHARGE
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of
Property Affected
|
:
|
FIXED CHARGE
|
|
Name & Address
Of Chargee
|
:
|
UNITED
OVERSEAS BANK (MALAYSIA) BHD
MENARA UOB, JLN RAJA LAUT, 50350 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
10/08/2002
|
|
Registered and
Numbered 6 In The Register of Charges
|
ENCUMBRANCE 7
|
Date of Creation
|
:
|
02/08/2002
|
|
Description Of
Charge
|
:
|
AGREEMENT
& CHARGE
|
|
Amount Secured
|
:
|
RM4,100,000.00
|
|
Description Of
Property Affected
|
:
|
HS(D) 110909
& 110904, PT 16735 & 16730, MK SETUL, DIST SEREMBAN, NEGERI
SEMBILAN
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
57 JLN SG BESI, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 7 In The Register of Charges
|
ENCUMBRANCE 8
|
Date of
Creation
|
:
|
02/08/2002
|
|
Description Of
Charge
|
:
|
AGREEMENT
& CHARGE
|
|
Amount Secured
|
:
|
RM11,150,000.00
|
|
Description Of
Property Affected
|
:
|
HS(D) 110902,
PT 16728, MK SETUL, DIST SEREMBAN, NEGERI SEMBILAN
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
57 JLN SG BESI, 57100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
21/08/2002
|
|
Registered and
Numbered 8 In The Register of Charges
|
ENCUMBRANCE 9
|
Date of
Creation
|
:
|
08/07/2003
|
|
Description Of
Charge
|
:
|
AGREEMENT,
CHARGE, POWER OF ATTORNEY & DEBENTURE
|
|
Amount Secured
|
:
|
RM11,150,000.00
|
|
Description Of
Property Affected
|
:
|
HS(D) 110909,
110910 & 110911, PT 16735, 16736 & 16737, LOT 10656, 10657 &
10658, MK SETUL, DIST SEREMBAN, NEGERI SEMBILAN
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
MENARA EASTERN, 303 JLN AMPANG, GRD FLR, 50450 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
22/07/2003
|
|
Registered and
Numbered 9 In The Register of Charges
|
ENCUMBRANCE 10
|
Date of
Creation
|
:
|
16/09/2004
|
|
Description Of
Charge
|
:
|
AGREEMENT,
CHARGE, POWER OF ATTORNEY & DEBENTURE
|
|
Amount Secured
|
:
|
RM11,150,000.00
|
|
Description Of
Property Affected
|
:
|
HS(D) 110902
& 110904, PT 16728 & 16730, LOT 10649 & 10651, MK SETUL, DIST
SEREMBAN, NEGERI SEMBILAN
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
MENARA GREAT EASTERN, 303 JLN AMPANG, GRD FLR, 50450 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
01/10/2004
|
|
Registered and
Numbered 10 In The Register of Charges
|
ENCUMBRANCE 11
|
Date of
Creation
|
:
|
20/10/2004
|
|
Description Of
Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM6,770,000.00
|
|
Description Of
Property Affected
|
:
|
N/A
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 11 In The Register of Charges
|
ENCUMBRANCE 12
|
Date of
Creation
|
:
|
15/04/2005
|
|
Description Of
Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM2,700,000.00
|
|
Description Of
Property Affected
|
:
|
N/A
|
|
Name &
Address Of Chargee
|
:
|
UNITED
OVERSEAS BANK MALAYSIA BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 12 In The Register of Charges
|
ENCUMBRANCE 13
|
Date of
Creation
|
:
|
15/04/2005
|
|
Description Of
Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM2,800,000.00
|
|
Description Of
Property Affected
|
:
|
N/A
|
|
Name &
Address Of Chargee
|
:
|
UNITED
OVERSEAS BANK MALAYSIA BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 13 In The Register of Charges
|
ENCUMBRANCE 14
|
Date of
Creation
|
:
|
15/04/2005
|
|
Description Of
Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM3,500,000.00
|
|
Description Of
Property Affected
|
:
|
N/A
|
|
Name &
Address Of Chargee
|
:
|
UNITED
OVERSEAS BANK MALAYSIA BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 14 In The Register of Charges
|
ENCUMBRANCE 15
|
Date of
Creation
|
:
|
13/12/2005
|
|
Description Of
Charge
|
:
|
LOAN
AGREEMENT, ASSIGNMENT & POWER OF ATTORNEY
|
|
Amount Secured
|
:
|
RM2,000,000.00
|
|
Description Of
Property Affected
|
:
|
LOT 3715, MK
OF SETUL, DIST SEREMBAN
|
|
Name &
Address Of Chargee
|
:
|
UNITED
OVERSEAS BANK (MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 15 In The Register of Charges
|
ENCUMBRANCE 16
|
Date of Creation
|
:
|
15/08/2007
|
|
Description Of
Charge
|
:
|
OPEN CHARGE
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of
Property Affected
|
:
|
N/A
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 16 In The Register of Charges
|
ENCUMBRANCE 17
|
Date of
Creation
|
:
|
14/11/2007
|
|
Description Of
Charge
|
:
|
OPEN CHARGE
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of
Property Affected
|
:
|
N/A
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 17 In The Register of Charges
|
ENCUMBRANCE 18
|
Date of
Creation
|
:
|
04/08/2009
|
|
Description Of
Charge
|
:
|
OPEN CHARGE
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of
Property Affected
|
:
|
N/A
|
|
Name &
Address Of Chargee
|
:
|
OCBC BANK
(MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 18 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 : CHINA,EUROPE,TAIWAN
The SC refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data
we conclude that :
|
OVERALL
PAYMENT HABIT
|
|
Prompt 0-30
Days
|
[
|
|
]
|
|
Good 31-60
Days
|
[
|
|
]
|
|
Average 61-90
Days
|
[
|
X
|
]
|
|
|
Fair 91-120
Days
|
[
|
|
]
|
|
Poor >120
Days
|
[
|
|
]
|
|
|
|
|
|
|
CLIENTELE
|
Local
|
:
|
YES
|
|
Domestic
Markets
|
:
|
MALAYSIA
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
ASIA, MID
EAST, AUSTRALIA, UNITED KINGDOM
|
|
Credit Term
|
:
|
30 - 60 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES,TELEGRAPHIC
TRANSFER (TT),LETTER OF CREDIT (LC)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
Products
manufactured
|
:
|
|
COMMERCIAL
CATERING/FOOD SERVICE/KITCHEN/STAINLESS STEEL FABRICATION EQUIPMENT,
REFRIGERATOR
|
|
|
|
|
|
|
Brand Name
|
:
|
BERJAYA
|
|
|
|
|
|
Award
|
:
|
1 ) ASIA
PACIFIC SUPER EXCELLENT BRAND AWARD Year :2008
|
|
|
|
|
|
Certification
of Products
|
:
|
1 ) MS IEC
60335-2-49:1999
|
|
|
|
|
|
Competitor(s)
|
:
|
AIR PRODUCTS
SPECIALISED PROCESS EQUIPMENT SDN BHD
CAMERON INTERNATIONAL MALAYSIA SYSTEMS SDN BHD
ERAWAN LMW INDUSTRIES SDN BHD
GLOBAL PROCESS SYSTEMS SDN BHD
PETRO-PIPE (SABAH) SDN BHD
|
|
|
|
|
|
Member(s) /
Affiliate(s)
|
:
|
SMI
ASSOCIATION OF MALAYSIA
MALAYSIA
EXTERNAL TRADE DEVELOPMENT CORPORATION (MATRADE)
SMALL &
MEDIUM ENTERPRISE
MALAYSIA FOOD
& BEVERAGE INDUSTRY
|
|
|
|
|
|
Total Number
of Employees:
|
|
|
YEAR
|
2012
|
2011
|
2010
|
2009
|
2008
|
2007
|
|
|
|
|
GROUP
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
|
|
|
COMPANY
|
750
|
700
|
750
|
700
|
400
|
400
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) manufacturing of
commercial catering equipment, commercial food service equipment, commercial
kitchen equipment, stainless steel fabrication equipment.
The SC manufacture a wide range of products as follows;
1) Commercial Refrigerator
- chillers, confectionery showcase and others
2) Electrical Kitchen Equipments
- deep fryer, electrical griddle, insect killers, meat mincer, insect killer
and others
3) Gas Equipments
- open burner, gas griddle, char broiler, kebab machines, gas bbq burner and
others.
Most of the SC's electrical products are recognized as IEC standard (
International Electrotechnical Commission Standard ) and gas products are
ANSI standard (American National Standards Institute).
The SC utilizes with mostly high automated and semi-automated machineries to
ensure production of high quality products.
The SC's products are mainly used for hotels, cafeteria, restaurants and
others.
PROJECTS
No projects found in our databank
CURRENT INVESTIGATION
Latest fresh investigations carried out on the SC indicated that :
|
Telephone
Number Provided By Client
|
:
|
603 91458888
|
|
Current
Telephone Number
|
:
|
03-92856600
|
|
Match
|
:
|
NO
|
|
|
|
|
|
Address
Provided by Client
|
:
|
191-5, 5TH
FLOOR, WISMA CKE, JALAN LANCANG, OFF JALAN CHERAS 56100 KL
|
|
Current
Address
|
:
|
191-5, 5TH
FLOOR, WISMA CKE, JALAN LANCANG, OFF JALAN CHERAS, 56100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, 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 ANALYSIS
|
Profitability
|
|
|
|
|
|
|
|
Turnover
|
:
|
Erratic
|
[
|
2008 - 2010
|
]
|
|
|
Profit/(Loss)
Before Tax
|
:
|
Increased
|
[
|
2008 - 2010
|
]
|
|
|
Return on
Shareholder Funds
|
:
|
Unfavourable
|
[
|
8.98%
|
]
|
|
|
Return on Net
Assets
|
:
|
Acceptable
|
[
|
13.25%
|
]
|
|
|
|
|
|
|
|
|
|
|
The
fluctuating turnover reflects the fierce competition among the existing and
new market players.The SC's management have been efficient in controlling
its operating costs. The unfavourable return on shareholders' funds and net
assets could indicate that the SC's management was inefficient in utilising
its assets to generate returns.
|
|
|
|
|
|
|
|
|
|
Working
Capital Control
|
|
|
|
|
|
|
|
Stock Ratio
|
:
|
Unfavourable
|
[
|
85 Days
|
]
|
|
|
Debtor Ratio
|
:
|
Favourable
|
[
|
31 Days
|
]
|
|
|
Creditors
Ratio
|
:
|
Favourable
|
[
|
30 Days
|
]
|
|
|
|
|
|
|
|
|
|
|
The SC could
be incurring higher holding cost. As its capital was tied up in stocks, it
could face liquidity problems. The favourable debtors' days could be due to
the good credit control measures implemented by the SC. The SC had a
favourable creditors' ratio as evidenced by its favourable collection days.
The SC could be taking advantage of the cash discounts and also wanting to
maintain goodwill with its creditors.
|
|
|
|
|
|
|
|
|
|
Liquidity
|
|
|
|
|
|
|
|
Liquid Ratio
|
:
|
Unfavourable
|
[
|
0.65 Times
|
]
|
|
|
Current Ratio
|
:
|
Unfavourable
|
[
|
1.42 Times
|
]
|
|
|
|
|
|
|
|
|
|
|
A low liquid
ratio means that the SC may be facing working capital deficiency. If the SC
cannot obtain additional financing or injection of fresh capital, it may
face difficulties in meeting its short term obligations.
|
|
|
|
|
|
|
|
|
|
Solvency
|
|
|
|
|
|
|
|
Interest Cover
|
:
|
Acceptable
|
[
|
8.18 Times
|
]
|
|
|
Gearing Ratio
|
:
|
Favourable
|
[
|
0.34 Times
|
]
|
|
|
|
|
|
|
|
|
|
|
The SC's
interest cover was slightly low. If there is no sharp fall in its profit or
sudden increase in the interest rates, we believe the SC is able to
generate sufficient income to service its interest and repay the loans. The
SC was lowly geared thus it had a low financial risk. The SC was mainly
financed by its shareholders' funds and internally generated funds. In
times of economic slowdown / downturn, the SC being a lowly geared company,
will be able to compete better than those companies which are highly geared
in the same industry.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall
Assessment :
|
|
|
|
|
|
|
|
Although the
turnover was erratic, the SC had maintained a steady growth in its profit.
This indicate the management's efficiency in controlling its costs and
profitability. Due to its weak liquidity position, the SC will be faced
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 had an
acceptable interest cover. If there is no sudden sharp increase in interest
rate or fall in the SC's profit, we do believe the SC is able to generate
sufficient cash flow to service its interest payment. The SC as a lowly
geared company, will be more secured compared to those highly geared
companies. It has the ability to meet all its long term obligations.
|
|
|
|
|
|
|
|
|
|
Overall
financial condition of the SC : FAIR
|
MALAYSIA ECONOMIC / INDUSTRY OUTLOOK
|
Major Economic
Indicators:
|
2008
|
2009
|
2010
|
2011*
|
2012**
|
|
|
|
|
|
|
|
|
Population (
Million)
|
27.73
|
28.13
|
28.35
|
28.70
|
29.10
|
|
Gross Domestic
Products ( % )
|
4.6
|
<0.5>
|
7.2
|
5.5
|
5.3
|
|
Domestic
Demand ( % )
|
6.9
|
2.9
|
6.3
|
4.8
|
7.6
|
|
Private
Expenditure ( % )
|
7.1
|
<2.7>
|
8.1
|
7.0
|
8.7
|
|
Consumption (
% )
|
8.4
|
0.7
|
6.7
|
6.3
|
7.1
|
|
Investment ( %
)
|
1.5
|
<17.2>
|
17.7
|
16.2
|
15.9
|
|
Public
Expenditure ( % )
|
6.5
|
5.2
|
3.8
|
7.6
|
4.7
|
|
Consumption (
% )
|
11.6
|
3.1
|
0.2
|
8.9
|
3.0
|
|
Investment ( %
)
|
0.7
|
8.0
|
2.8
|
0.6
|
7.0
|
|
|
|
|
|
|
|
|
Balance of
Trade ( MYR Million )
|
129,563
|
89,650
|
118,356
|
116,058
|
-
|
|
Government
Finance ( MYR Million )
|
<34,462>
|
<28,450>
|
<40,482>
|
<45,511>
|
<43,021>
|
|
Government
Finance to GDP / Fiscal Deficit ( % )
|
<4.8>
|
<4.8>
|
<5.6>
|
<5.4>
|
<4.7>
|
|
Inflation ( %
Change in Composite CPI)
|
<3.3>
|
<5.2>
|
5.1
|
3.1
|
-
|
|
Unemployment
Rate
|
3.7
|
4.5
|
3.9
|
3.3
|
-
|
|
|
|
|
|
|
|
|
Net
International Reserves ( MYR Billion )
|
388
|
331
|
329
|
415
|
-
|
|
Average
Risk-Weighted Capital Adequacy Ratio ( % )
|
1.91
|
2.87
|
2.20
|
3.50
|
-
|
|
Average 3
Months of Non-performing Loans ( % )
|
13.24
|
11.08
|
15.30
|
14.80
|
-
|
|
Average Base
Lending Rate ( % )
|
6.72
|
5.53
|
6.30
|
6.60
|
-
|
|
Business Loans
Disbursed( % )
|
11.6
|
10.5
|
14.7
|
15.3
|
-
|
|
Foreign
Investment ( MYR Million )
|
23,261.4
|
22,156.8
|
22,517.9
|
23,546.1
|
-
|
|
Consumer Loans
( % )
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration
of New Companies ( No. )
|
41,599
|
41,578
|
44,148
|
-
|
-
|
|
Registration
of New Companies ( % )
|
<4.0>
|
<0.1>
|
6.2
|
-
|
-
|
|
Liquidation of
Companies ( No. )
|
27,992
|
39,075
|
25,585
|
-
|
-
|
|
Liquidation of
Companies ( % )
|
23.7
|
39.6
|
<34.5>
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration
of New Business ( No. )
|
269,866
|
312,581
|
271,414
|
-
|
-
|
|
Registration
of New Business ( % )
|
-
|
-
|
-
|
-
|
-
|
|
Business
Dissolved ( No. )
|
18,885
|
19,345
|
19,738
|
-
|
-
|
|
Business
Dissolved ( % )
|
<7.6>
|
2.4
|
2.0
|
-
|
-
|
|
|
|
|
|
|
|
|
Sales of New
Passenger Cars (' 000 Unit )
|
497.5
|
486.3
|
543.6
|
363.0
|
-
|
|
Cellular Phone
Subscribers ( Million )
|
25.1
|
30.1
|
32.8
|
35.3
|
-
|
|
Tourist
Arrival ( Million Persons )
|
21.5
|
23.6
|
24.6
|
25.3
|
-
|
|
Hotel
Occupancy Rate ( % )
|
68.0
|
58.0
|
63.0
|
51.3
|
-
|
|
|
|
|
|
|
|
|
Credit Cards
Spending ( % )
|
17.1
|
12.8
|
14.1
|
15.6
|
-
|
|
Bad Cheque
Offenders (No.)
|
34,834
|
36,667
|
33,568
|
27,208
|
-
|
|
Individual
Bankruptcy ( No.)
|
13,907
|
16,228
|
18,119
|
16,155
|
-
|
|
Individual
Bankruptcy ( % )
|
5.1
|
16.7
|
11.7
|
<10.8>
|
-
|
|
INDUSTRIES ( %
of Growth ):
|
2008
|
2009
|
2010
|
2011*
|
2012**
|
|
|
|
|
|
|
|
|
Agriculture
|
3.6
|
0.4
|
2.1
|
4.7
|
4.1
|
|
Palm Oil
|
7.0
|
<1.1>
|
<3.4>
|
7.3
|
-
|
|
Rubber
|
<1.1>
|
<19.8>
|
9.9
|
6.4
|
-
|
|
Forestry &
Logging
|
<1.5>
|
<5.9>
|
<3.3>
|
<4.7>
|
-
|
|
Fishing
|
4.0
|
5.5
|
5.6
|
2.8
|
-
|
|
Other
Agriculture
|
5.9
|
9.0
|
7.9
|
8.5
|
-
|
|
Industry
Non-Performing Loans ( MYR Million )
|
393.0
|
413.7
|
508.4
|
634.1
|
-
|
|
% of Industry
Non-Performing Loans
|
<2.0>
|
1.3
|
2.1
|
3.2
|
-
|
|
|
|
|
|
|
|
|
Mining
|
<0.8>
|
<3.8>
|
0.2
|
<2.4>
|
2.5
|
|
Oil & Gas
|
12.7
|
2.1
|
0.5
|
<1.7>
|
-
|
|
Other Mining
|
-
|
-
|
-
|
-
|
-
|
|
Industry
Non-performing Loans ( MYR Million )
|
36.0
|
44.2
|
49.7
|
46.5
|
-
|
|
% of Industry
Non-performing Loans
|
0.1
|
0.1
|
0.1
|
0.1
|
-
|
|
|
|
|
|
|
|
|
Manufacturing
#
|
1.3
|
<9.4>
|
11.4
|
5.6
|
4.5
|
|
Exported-oriented
Industries
|
2.7
|
<19.0>
|
12.1
|
2.8
|
-
|
|
Electrical
& Electronics
|
2.4
|
<30.3>
|
28.4
|
<4.9>
|
-
|
|
Rubber
Products
|
4.2
|
<10.1>
|
25.3
|
15.4
|
-
|
|
Wood Products
|
<6.0>
|
<24.1>
|
20.1
|
<7.3>
|
-
|
|
Textiles &
Apparel
|
1.9
|
<19.5>
|
<0.4>
|
14.8
|
-
|
|
Domestic-oriented
Industries
|
9.9
|
<9.8>
|
16.3
|
6.3
|
-
|
|
Food,
Beverages & Tobacco
|
9.5
|
0.2
|
3.0
|
4.2
|
-
|
|
Chemical &
Chemical Products
|
1.4
|
<7.7>
|
16.2
|
5.6
|
-
|
|
Plastic
Products
|
6.5
|
<9.1>
|
2.4
|
3.8
|
-
|
|
Iron &
Steel
|
16.8
|
<32.7>
|
29.3
|
2.4
|
-
|
|
Fabricated
Metal Products
|
14.7
|
<2.5>
|
14.9
|
25.2
|
-
|
|
Non-metallic
Mineral
|
8.3
|
<15.5>
|
20.2
|
16.3
|
-
|
|
Transport
Equipment
|
27.1
|
<13.5>
|
36.5
|
<9.4>
|
-
|
|
Paper &
Paper Products
|
8.6
|
<5.0>
|
18.7
|
15.6
|
-
|
|
Crude Oil
Refineries
|
7.8
|
0.2
|
<11.4>
|
9.3
|
-
|
|
Industry
Non-Performing Loans ( MYR Million )
|
5,729.4
|
6,007.3
|
6,217.5
|
6,537.2
|
-
|
|
% of Industry Non-Performing
Loans
|
16.8
|
18.3
|
23.8
|
25.7
|
-
|
|
|
|
|
|
|
|
|
Construction
|
2.1
|
5.8
|
5.1
|
4.4
|
7.0
|
|
Industry
Non-Performing Loans ( MYR Million )
|
4,149.8
|
3,241.8
|
4,038.5
|
3,856.9
|
-
|
|
% of Industry
Non-Performing Loans
|
12.2
|
9.9
|
10.7
|
10.2
|
-
|
|
|
|
|
|
|
|
|
Services
|
7.3
|
2.6
|
6.5
|
6.4
|
6.5
|
|
Electric, Gas
& Water
|
5.0
|
0.4
|
8.5
|
5.6
|
4.8
|
|
Transport,
Storage & Communication
|
7.8
|
1.6
|
7.7
|
6.5
|
7.3
|
|
Wholesale,
Retail, Hotel & Restaurant
|
10.0
|
2.8
|
4.7
|
5.2
|
6.9
|
|
Finance,
Insurance & Real Estate
|
9.2
|
3.8
|
6.1
|
6.3
|
6.5
|
|
Government
Services
|
8.6
|
2.0
|
6.7
|
7.6
|
5.6
|
|
Other Services
|
5.9
|
4.4
|
4.2
|
5.4
|
5.7
|
|
Industry
Non-Performing Loans ( MYR Million )
|
8,281.4
|
6,631.3
|
7,384.6
|
6,825.2
|
-
|
|
% of Industry
Non-Performing Loans
|
24.3
|
20.2
|
25.7
|
23.4
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Estimate /
Preliminary
|
|
|
|
|
|
|
** Forecast
|
|
|
|
|
|
|
# Based On
Manufacturing Production Index
(Source : Department of Statistics / Economic Report / Bank Negara Report)
|
|
|
|
|
|
|
|
INDUSTRY ANALYSIS
|
MSIC CODE
|
|
29 :
Manufacture of Machinery and Equipment n.e.c.
|
|
|
|
|
INDUSTRY :
|
MACHINERY
|
|
|
|
|
|
|
The Government has identified the machinery and equipment (M&E)
industry to be one of the key areas for growth and development. The growth
will focus on the manufacture of high value-added and high technology
M&E.
|
|
The long term objectives outlined under the Third Industrial Master Plan
(IMP3) for the M&E sector is to position Malaysia as :-
|
|
i) The regional production hub for high technology and specialised M&E;
|
|
ii) The main distribution centre in the region for all types of M&E;
and
|
|
iii) The centre for maintenance related services, refurbishment,
reconditioning and upgrading of high technology and specialised M&E.
|
|
The Master Builders Association Malaysia (MBAM) has suggested that the
government reduce the import duty and sales tax for heavy machinery used in
construction, on a systematic basis within two years, to five per cent from
the 20 per cent currently.
|
|
The reduction would enable construction machinery companies as well as the
industry, to remain competitive within ASEAN.
|
|
As a majority of the construction machinery in Malaysia is quite old, there
would be huge opportunities for construction machinery companies to
explore, penetrate and expand their businesses as well as to support the
implementation of projects in the country.
|
|
The MBAM is encouraging the use of newer machinery to improve efficiency
and also for safety purposes, as older ones, may have a higher safety risk
due to metal fatigue.
|
|
However, the existence of an import duty and sales tax are still required
to avoid large scale dumping of second hand machinery in Malaysia.
|
|
|
|
|
OVERALL
INDUSTRY OUTLOOK : Marginal Growth
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
Incorporated in 1994, the SC is a Private Limited company, focusing on
manufacturing of commercial catering equipment, commercial food service
equipment, commercial kitchen equipment, stainless steel fabrication
equipment. With its long establishment in the market, the SC has received
strong support from its stable customers base. Its business position in the
market is quite stable and it is expected to enjoy better market shares
over its rivals. The capital standing of the SC is fair. With an adequate
share capital, the SC has the potential of expanding its business in
future.
|
|
Over the years, the SC has penetrated into both the local and overseas market.
The SC has positioned itself in the global market and is competing in the
industry. Its stable clientele base will enable the SC to further enhance
its business in the near term. Being a large entity, the SC has a steady
workforce of 750 personnel to support its business operations. Its future
prospects seem to be fairly good as its business operations are running
relatively stable. Overall, we regard that the SC's management capability
is average. This indicates that the SC has greater potential to improve its
business performance and raising income for the SC.
|
|
Despite the lower turnover, the SC's pre-tax profit have increased compared
to the previous year. The higher profit could be due to better control of
its operating costs and efficiency in utilising its resources. However, the
SC has generated an unfavourable return on shareholders' funds indicating
that the management was inefficient in utilising its funds to generate
return. Due to its weak liquidity position, the SC may face working capital
deficiency in meeting its short term financial obligations if no fresh
capital are injected into the SC. Fortunately, being a lowly geared
company, the SC is exposed to low financial risk as it is mainly dependent
on its internal funds to finance its business needs. Given a positive net
worth standing at MYR 37,155,271, the SC should be able to maintain its
business in the near terms.
|
|
Having a strong assets backing, the SC possesses latent assets as
collateral for further financial extension. Hence, it has good chance of
getting loans if the needs arises. 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's payment habit is average. With its adequate working capital, the
SC should be able to pay its short term debts.
|
|
The industry has reached its maturity stage and only enjoying a marginal
growth. The steady growth of the country's economy will further enhance the
industry activities. As the SC is long presence in the market, it should
have acquired competitive edge against other players in the same fields.
|
|
Based on the above condition, we recommend credit be granted to the SC
normally.
|
PROFIT AND LOSS ACCOUNT
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS)
|
|
BERJAYA STEEL
PRODUCT SDN BHD
|
|
Financial Year
End
|
30/06/2010
|
30/06/2009
|
30/06/2008
|
|
Months
|
12
|
12
|
12
|
|
Consolidated
Account
|
Company
|
Company
|
Company
|
|
Audited
Account
|
YES
|
YES
|
YES
|
|
Unqualified
Auditor's Report (Clean Opinion)
|
YES
|
YES
|
YES
|
|
Financial Type
|
FULL
|
FULL
|
FULL
|
|
Currency
|
MYR
|
MYR
|
MYR
|
|
|
|
|
|
|
TURNOVER
|
123,754,357
|
124,704,792
|
116,318,112
|
|
|
----------------
|
----------------
|
----------------
|
|
Total Turnover
|
123,754,357
|
124,704,792
|
116,318,112
|
|
|
----------------
|
----------------
|
----------------
|
|
|
|
|
|
|
PROFIT/(LOSS)
FROM OPERATIONS
|
5,573,550
|
4,779,636
|
4,604,448
|
|
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS)
BEFORE TAXATION
|
5,573,550
|
4,779,636
|
4,604,448
|
|
Taxation
|
<2,235,504>
|
<1,035,040>
|
<693,855>
|
|
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS)
AFTER TAXATION
|
3,338,046
|
3,744,596
|
3,910,593
|
|
|
----------------
|
----------------
|
----------------
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD
|
|
|
|
|
As previously
reported
|
32,317,225
|
28,936,581
|
25,025,988
|
|
Prior year
adjustment
|
-
|
<363,952>
|
-
|
|
|
----------------
|
----------------
|
----------------
|
|
As restated
|
32,317,225
|
28,572,629
|
25,025,988
|
|
|
----------------
|
----------------
|
----------------
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS
|
35,655,271
|
32,317,225
|
28,936,581
|
|
|
----------------
|
----------------
|
----------------
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD
|
35,655,271
|
32,317,225
|
28,936,581
|
|
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
INTEREST
EXPENSE (as per notes to P&L)
|
|
|
|
|
Bank overdraft
|
49,970
|
53,580
|
182,125
|
|
Hire purchase
|
175,041
|
167,578
|
147,431
|
|
Letter of
credit
|
6,090
|
182,543
|
-
|
|
Term loan /
Borrowing
|
544,632
|
618,750
|
612,063
|
|
|
----------------
|
----------------
|
----------------
|
|
|
775,733
|
1,022,451
|
941,619
|
BALANCE SHEET
|
BERJAYA STEEL
PRODUCT SDN BHD
|
|
ASSETS
EMPLOYED:
|
|
|
|
|
FIXED ASSETS
|
32,190,115
|
28,673,053
|
28,501,911
|
|
|
|
|
|
|
|
----------------
|
----------------
|
----------------
|
|
TOTAL LONG
TERM ASSETS
|
32,190,115
|
28,673,053
|
28,501,911
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
Stocks
|
28,698,720
|
20,350,973
|
39,328,199
|
|
Trade debtors
|
10,370,697
|
6,628,063
|
5,067,135
|
|
Other debtors,
deposits & prepayments
|
7,949,029
|
11,151,995
|
478,925
|
|
Cash &
bank balances
|
6,257,305
|
6,546,891
|
1,893,627
|
|
Others
|
-
|
702,335
|
-
|
|
|
----------------
|
----------------
|
----------------
|
|
TOTAL CURRENT
ASSETS
|
53,275,751
|
45,380,257
|
46,767,886
|
|
|
----------------
|
----------------
|
----------------
|
|
TOTAL ASSET
|
85,465,866
|
74,053,310
|
75,269,797
|
|
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
|
Trade
creditors
|
10,080,430
|
1,685,297
|
9,919,179
|
|
Other
creditors & accruals
|
21,501,935
|
22,013,118
|
17,501,155
|
|
Hire purchase
& lease creditors
|
802,540
|
1,180,731
|
978,976
|
|
Bank overdraft
|
1,600,076
|
1,302,248
|
2,903,333
|
|
Short term
borrowings/Term loans
|
757,261
|
476,013
|
583,149
|
|
Amounts owing
to director
|
2,769,930
|
2,769,930
|
2,757,930
|
|
Provision for
taxation
|
42,270
|
-
|
297,831
|
|
|
----------------
|
----------------
|
----------------
|
|
TOTAL CURRENT
LIABILITIES
|
37,554,442
|
29,427,337
|
34,941,553
|
|
|
----------------
|
----------------
|
----------------
|
|
NET CURRENT
ASSETS/(LIABILITIES)
|
15,721,309
|
15,952,920
|
11,826,333
|
|
|
----------------
|
----------------
|
----------------
|
|
TOTAL NET
ASSETS
|
47,911,424
|
44,625,973
|
40,328,244
|
|
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
|
|
Ordinary share
capital
|
1,500,000
|
1,500,000
|
1,500,000
|
|
|
----------------
|
----------------
|
----------------
|
|
TOTAL SHARE
CAPITAL
|
1,500,000
|
1,500,000
|
1,500,000
|
|
|
|
|
|
|
RESERVES
|
|
|
|
|
Retained
profit/(loss) carried forward
|
35,655,271
|
32,317,225
|
28,936,581
|
|
|
----------------
|
----------------
|
----------------
|
|
TOTAL RESERVES
|
35,655,271
|
32,317,225
|
28,936,581
|
|
|
|
|
|
|
|
----------------
|
----------------
|
----------------
|
|
SHAREHOLDERS'
FUNDS/EQUITY
|
37,155,271
|
33,817,225
|
30,436,581
|
|
|
|
|
|
|
LONG TERM
LIABILITIES
|
|
|
|
|
Long term
loans
|
8,825,995
|
8,290,729
|
7,262,923
|
|
Hire purchase
creditors
|
736,386
|
1,538,926
|
1,606,805
|
|
Deferred
taxation
|
1,193,772
|
979,093
|
1,021,935
|
|
|
----------------
|
----------------
|
----------------
|
|
TOTAL LONG
TERM LIABILITIES
|
10,756,153
|
10,808,748
|
9,891,663
|
|
|
----------------
|
----------------
|
----------------
|
|
|
47,911,424
|
44,625,973
|
40,328,244
|
|
|
=============
|
=============
|
=============
|
|
|
|
|
|
FINANCIAL RATIO
|
BERJAYA STEEL
PRODUCT SDN BHD
|
|
TYPES OF FUNDS
|
|
|
|
|
Cash
|
6,257,305
|
6,546,891
|
1,893,627
|
|
Net Liquid
Funds
|
4,657,229
|
5,244,643
|
<1,009,706>
|
|
Net Liquid
Assets
|
<12,977,411>
|
<4,398,053>
|
<27,501,866>
|
|
Net Current
Assets/(Liabilities)
|
15,721,309
|
15,952,920
|
11,826,333
|
|
Net Tangible
Assets
|
47,911,424
|
44,625,973
|
40,328,244
|
|
Net Monetary
Assets
|
<23,733,564>
|
<15,206,801>
|
<37,393,529>
|
|
BALANCE SHEET
ITEMS
|
|
|
|
|
Total
Borrowings
|
12,722,258
|
12,788,647
|
13,335,186
|
|
Total
Liabilities
|
48,310,595
|
40,236,085
|
44,833,216
|
|
Total Assets
|
85,465,866
|
74,053,310
|
75,269,797
|
|
Net Assets
|
47,911,424
|
44,625,973
|
40,328,244
|
|
Net Assets
Backing
|
37,155,271
|
33,817,225
|
30,436,581
|
|
Shareholders'
Funds
|
37,155,271
|
33,817,225
|
30,436,581
|
|
Total Share
Capital
|
1,500,000
|
1,500,000
|
1,500,000
|
|
Total Reserves
|
35,655,271
|
32,317,225
|
28,936,581
|
|
LIQUIDITY
(Times)
|
|
|
|
|
Cash Ratio
|
0.17
|
0.22
|
0.05
|
|
Liquid Ratio
|
0.65
|
0.85
|
0.21
|
|
Current Ratio
|
1.42
|
1.54
|
1.34
|
|
WORKING
CAPITAL CONTROL (Days)
|
|
|
|
|
Stock Ratio
|
85
|
60
|
123
|
|
Debtors Ratio
|
31
|
19
|
16
|
|
Creditors
Ratio
|
30
|
5
|
31
|
|
SOLVENCY
RATIOS (Times)
|
|
|
|
|
Gearing Ratio
|
0.34
|
0.38
|
0.44
|
|
Liabilities
Ratio
|
1.30
|
1.19
|
1.47
|
|
Times Interest
Earned Ratio
|
8.18
|
5.67
|
5.89
|
|
Assets Backing
Ratio
|
31.94
|
29.75
|
26.89
|
|
PERFORMANCE
RATIO (%)
|
|
|
|
|
Operating
Profit Margin
|
4.50
|
3.83
|
3.96
|
|
Net Profit
Margin
|
2.70
|
3.00
|
3.36
|
|
Return On Net
Assets
|
13.25
|
13.00
|
13.75
|
|
Return On
Capital Employed
|
12.62
|
12.32
|
12.54
|
|
Return On
Shareholders' Funds/Equity
|
8.98
|
11.07
|
12.85
|
|
Dividend Pay
Out Ratio (Times)
|
0.00
|
0.00
|
0.00
|
|
NOTES TO
ACCOUNTS
|
|
|
|
|
Contingent
Liabilities
|
0
|
0
|
0
|
|
|
|