|
* Adopted abbreviations :
|
SC - Subject Company (the company enquired by you)
|
|
|
|
N/A - Not Applicable
|
|
|
|
EXECUTIVE SUMMARY
|
REGISTRATION NO.
|
:
|
340862-P
|
|
COMPANY NAME
|
:
|
HWA HUAT LIVESTOCK INDUSTRIES SDN. BHD.
|
|
FORMER NAME
|
:
|
MAGNA EQUATOR SDN BHD (27/08/1998)
|
|
INCORPORATION DATE
|
:
|
18/04/1995
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
EXEMPT PRIVATE (LIMITED BY SHARE)
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
82 JALAN IKS,TAMAN IKS, 14000 BUKIT MERTAJAM, PULAU PINANG,
MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
82 JALAN IKS, TAMAN IKS, BUKIT TENGAH, 14000 BUKIT MERTAJAM, PULAU
PINANG, MALAYSIA.
|
|
TEL.NO.
|
:
|
04-5074828
|
|
FAX.NO.
|
:
|
04-5075971
|
|
CONTACT PERSON
|
:
|
TAN SOO WAN ( MANAGING DIRECTOR )
|
|
|
|
|
|
INDUSTRY CODE
|
:
|
01469
|
|
PRINCIPAL ACTIVITY
|
:
|
POULTRY FARMING
|
|
AUTHORISED
CAPITAL
|
:
|
MYR
1,000,000.00 DIVIDED INTO
ORDINARY SHARE 1,000,000.00 OF MYR 1.00 EACH.
|
|
ISSUED AND PAID
UP CAPITAL
|
:
|
MYR
1,000,000.00 DIVIDED INTO
ORDINARY SHARES 100,002 CASH AND 899,998 OTHERWISE OF MYR 1.00 EACH.
|
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
N/A
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
30 [2013]
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER CHECK
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
|
COMMERCIAL RISK
|
:
|
MODERATE
|
|
CURRENCY EXPOSURE
|
:
|
MODERATE
|
|
GENERAL REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY OUTLOOK
|
:
|
MARGINAL GROWTH
|
HISTORY / BACKGROUND
The SC is an
exempt private company which is allowed to have a minimum of two and a maximum
of twenty shareholders and all the shareholders must be individuals. An
exempt company is a type of private limited company. 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, suing or be sued
by other companies. The SC is governed by the Companies Act, 1965 and must
file in its annual return. The SC need not file in its financial statements
but it has to file in a document duly signed by its director in charge of its
finance, the secretary and its auditor stating that the SC is able to meet
all its obligations as and when they fall due. Although the SC is not required
to file in its financial statements, it also has to prepare its financial
account which must be presented at the Annual General Meeting.
The SC is
principally engaged in the (as a / as an) poultry farming.
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 SOO WAN +
|
NO. 1, LORONG BUKIT KECIL 7, TAMAN BUKIT KECIL, 14000 BUKIT
MERTAJAM, PULAU PINANG, MALAYSIA.
|
540718-02-5037
|
550,000.00
|
55.00
|
|
MS. TAN SOOK HUA +
|
NO. 1, LORONG BUKIT KECIL 7, TAMAN BUKIT KECIL, 14000 BUKIT
MERTAJAM, PULAU PINANG, MALAYSIA.
|
580425-07-5264
|
450,000.00
|
45.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
1,000,000.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
MS. TAN SOOK HUA
|
|
Address
|
:
|
NO. 1, LORONG BUKIT KECIL 7, TAMAN BUKIT KECIL, 14000 BUKIT
MERTAJAM, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
580425-07-5264
|
|
Date of Birth
|
:
|
25/04/1958
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
MR. TAN SOO WAN
|
|
Address
|
:
|
NO. 1, LORONG BUKIT KECIL 7, TAMAN BUKIT KECIL, 14000 BUKIT
MERTAJAM, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
540718-02-5037
|
|
Date of Birth
|
:
|
18/07/1954
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
TAN SOO WAN
|
|
|
Position
|
:
|
MANAGING DIRECTOR
|
|
|
|
|
|
|
Auditor
|
:
|
PETER OOI & CO.
|
|
Auditor' Address
|
:
|
12A, JALAN MEDAN IPOH 1B, MEDAN IPOH BESTARI, 31400 IPOH, PERAK,
MALAYSIA.
|
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
MR. KHONG SIONG WEI
|
|
|
|
|
|
|
|
New IC No
|
:
|
770813-14-5049
|
|
|
Address
|
:
|
NO. 56,PERSIARASN BEKOR 23, TAMAN PERTAMA, 30100 IPOH, PERAK,
MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2)
|
Company Secretary
|
:
|
MS. CHUAH LAY NAH
|
|
|
|
|
|
|
|
New IC No
|
:
|
750420-07-5600
|
|
|
Address
|
:
|
NO. 20, LORONG GAMELAN 2, TAMAN GAMELAN, 14200 SUNGAI BAKAP, PULAU
PINANG, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
Import Countries
|
:
|
CHINA,INDIA
|
CLIENTELE
|
Local
|
:
|
YES
|
Percentage
|
:
|
100%
|
|
Domestic Markets
|
:
|
MALAYSIA
|
|
Overseas
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
|
|
Credit Term
|
:
|
30 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
TELEGRAPHIC TRANSFER (TT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
Services
|
:
|
POULTRY FARMING
|
|
|
|
|
|
Competitor(s)
|
:
|
D.B.E. GURNEY
RESOURCES BHD
HUAT LAI RESOURCES BHD
LAY HONG BHD
SIN HENG CHAN (MALAYA) BHD
TPC PLUS BHD
|
|
|
|
|
|
Total Number of Employees:
|
|
|
YEAR
|
2013
|
2012
|
2011
|
2010
|
2009
|
|
|
|
|
|
|
|
GROUP
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
|
|
|
|
COMPANY
|
30
|
30
|
30
|
25
|
40
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) poultry farming.
The SC is managing poultry chickens.
The SC has a few chicken farms.
The SC's related company is engaged in the manufacturing of animal feed.
The SC is supplies chicken eggs and chickens.
The SC also has retired-chicken and producing chicks.
The SC is distributing its products to wet-markets, restaurants, farmers and
resellers.
Besides involved in the poultry farming, the SC is also involved in the
distribution of animal feed raw materials such as Soyabean Meal and Maize.
PROJECTS
No projects found in our databank
CURRENT INVESTIGATION
Latest fresh
investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client
|
:
|
N/A
|
|
Current Telephone Number
|
:
|
04-5074828
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
82, JALAN IKS, TAMAN IKS, BUKIT TENGAH, BUKIT MERTAJAM, PULAU
PINANG, 14000
|
|
Current Address
|
:
|
82 JALAN IKS, TAMAN IKS, BUKIT TENGAH, 14000 BUKIT MERTAJAM, PULAU
PINANG, MALAYSIA.
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
NO
|
Other Investigations
We contacted one of the staff from the SC and she provided some information
on the SC.
FINANCIAL ANALYSIS
|
The SC is a private exempt company which does not need to file in its
accounts with the Registrar of Companies for the information of the public.
Therefore, we are not able to comment on the SC's financial performance.
|
|
|
|
|
|
|
|
|
|
Overall financial condition of the SC : N/A
|
MALAYSIA ECONOMIC / INDUSTRY
OUTLOOK
|
Major Economic Indicators:
|
2009
|
2010
|
2011
|
2012*
|
2013**
|
|
|
|
|
|
|
|
|
Population ( Million)
|
28.13
|
28.35
|
28.70
|
29.30
|
29.80
|
|
Gross Domestic Products ( % )
|
<0.5>
|
7.2
|
5.1
|
5.6
|
5.3
|
|
Domestic Demand ( % )
|
2.9
|
6.3
|
8.2
|
9.4
|
5.6
|
|
Private Expenditure ( % )
|
<2.7>
|
8.1
|
8.2
|
8.0
|
7.4
|
|
Consumption ( % )
|
0.7
|
6.7
|
7.1
|
1.0
|
5.7
|
|
Investment ( % )
|
<17.2>
|
17.7
|
12.2
|
11.7
|
13.3
|
|
Public Expenditure ( % )
|
5.2
|
3.8
|
8.4
|
13.3
|
1.2
|
|
Consumption ( % )
|
3.1
|
0.2
|
16.1
|
11.3
|
<1.2>
|
|
Investment ( % )
|
8.0
|
2.8
|
<0.3>
|
15.9
|
4.2
|
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million )
|
89,650
|
118,356
|
116,058
|
106,300
|
110,700
|
|
Government Finance ( MYR Million )
|
<28,450>
|
<40,482>
|
<45,511>
|
<42,297>
|
<39,993>
|
|
Government Finance to GDP / Fiscal Deficit ( % )
|
<4.8>
|
<5.6>
|
<5.4>
|
<4.5>
|
<4.0>
|
|
Inflation ( % Change in Composite CPI)
|
<5.2>
|
5.1
|
3.1
|
1.6
|
2.5
|
|
Unemployment Rate
|
4.5
|
3.9
|
3.3
|
3.2
|
3.0
|
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion )
|
331
|
329
|
415
|
427
|
-
|
|
Average Risk-Weighted Capital Adequacy Ratio ( % )
|
2.87
|
2.20
|
3.50
|
2.20
|
-
|
|
Average 3 Months of Non-performing Loans ( % )
|
11.08
|
15.30
|
14.80
|
14.70
|
-
|
|
Average Base Lending Rate ( % )
|
5.53
|
6.30
|
6.60
|
6.53
|
-
|
|
Business Loans Disbursed( % )
|
10.5
|
14.7
|
15.3
|
32.2
|
-
|
|
Foreign Investment ( MYR Million )
|
22,156.8
|
22,517.9
|
23,546.1
|
26,230.4
|
-
|
|
Consumer Loans ( % )
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Companies ( No. )
|
41,578
|
44,148
|
45,455
|
45,441
|
-
|
|
Registration of New Companies ( % )
|
<0.1>
|
6.2
|
3.0
|
<0.0>
|
-
|
|
Liquidation of Companies ( No. )
|
39,075
|
25,585
|
132,476
|
-
|
-
|
|
Liquidation of Companies ( % )
|
39.6
|
<34.5>
|
417.8
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Business ( No. )
|
312,581
|
271,414
|
284,598
|
324,761
|
-
|
|
Registration of New Business ( % )
|
-
|
-
|
-
|
-
|
-
|
|
Business Dissolved ( No. )
|
19,345
|
19,738
|
20,121
|
-
|
-
|
|
Business Dissolved ( % )
|
2.4
|
2.0
|
1.9
|
-
|
-
|
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit )
|
486.3
|
543.6
|
535.1
|
552.2
|
-
|
|
Cellular Phone Subscribers ( Million )
|
30.1
|
32.8
|
35.3
|
38.5
|
-
|
|
Tourist Arrival ( Million Persons )
|
23.6
|
24.6
|
24.7
|
25.0
|
-
|
|
Hotel Occupancy Rate ( % )
|
58.0
|
63.0
|
60.6
|
62.4
|
-
|
|
|
|
|
|
|
|
|
Credit Cards Spending ( % )
|
12.8
|
14.1
|
15.6
|
12.6
|
-
|
|
Bad Cheque Offenders (No.)
|
36,667
|
33,568
|
32,627
|
26,982
|
-
|
|
Individual Bankruptcy ( No.)
|
16,228
|
18,119
|
19,167
|
19,575
|
-
|
|
Individual Bankruptcy ( % )
|
16.7
|
11.7
|
5.8
|
2.1
|
-
|
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ):
|
2009
|
2010
|
2011
|
2012*
|
2013**
|
|
|
|
|
|
|
|
|
Agriculture
|
0.4
|
2.1
|
5.9
|
0.6
|
2.4
|
|
Palm Oil
|
<1.1>
|
<3.4>
|
10.8
|
<2.8>
|
-
|
|
Rubber
|
<19.8>
|
9.9
|
6.1
|
<0.6>
|
-
|
|
Forestry & Logging
|
<5.9>
|
<3.3>
|
<7.6>
|
<2.2>
|
-
|
|
Fishing
|
5.5
|
5.6
|
2.1
|
<0.7>
|
-
|
|
Other Agriculture
|
9.0
|
7.9
|
7.1
|
6.4
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
413.7
|
508.4
|
634.1
|
-
|
-
|
|
% of Industry Non-Performing Loans
|
1.3
|
2.1
|
3.2
|
-
|
-
|
|
|
|
|
|
|
|
|
Mining
|
<3.8>
|
0.2
|
<5.7>
|
1.5
|
2.7
|
|
Oil & Gas
|
2.1
|
0.5
|
<1.7>
|
-
|
-
|
|
Other Mining
|
-
|
-
|
-
|
-
|
-
|
|
Industry Non-performing Loans ( MYR Million )
|
44.2
|
49.7
|
46.5
|
-
|
-
|
|
% of Industry Non-performing Loans
|
0.1
|
0.1
|
0.1
|
-
|
-
|
|
|
|
|
|
|
|
|
Manufacturing #
|
<9.4>
|
11.4
|
4.7
|
4.2
|
4.9
|
|
Exported-oriented Industries
|
<19.0>
|
12.1
|
2.8
|
4.1
|
-
|
|
Electrical & Electronics
|
<30.3>
|
28.4
|
<4.9>
|
1.6
|
-
|
|
Rubber Products
|
<10.1>
|
25.3
|
15.4
|
3.6
|
-
|
|
Wood Products
|
<24.1>
|
20.1
|
<4.9>
|
4.6
|
-
|
|
Textiles & Apparel
|
<19.5>
|
<0.4>
|
14.8
|
<7.1>
|
-
|
|
Domestic-oriented Industries
|
<9.8>
|
16.3
|
6.5
|
8.6
|
-
|
|
Food, Beverages & Tobacco
|
0.2
|
3.0
|
4.2
|
-
|
-
|
|
Chemical & Chemical Products
|
<7.7>
|
16.2
|
5.5
|
9.9
|
-
|
|
Plastic Products
|
<9.1>
|
2.4
|
3.8
|
-
|
-
|
|
Iron & Steel
|
<32.7>
|
29.3
|
2.4
|
-
|
-
|
|
Fabricated Metal Products
|
<2.5>
|
14.9
|
25.2
|
-
|
-
|
|
Non-metallic Mineral
|
<15.5>
|
20.2
|
27.1
|
6.6
|
-
|
|
Transport Equipment
|
<13.5>
|
36.5
|
<10.4>
|
13.7
|
-
|
|
Paper & Paper Products
|
<5.0>
|
18.7
|
14.8
|
<7.8>
|
-
|
|
Crude Oil Refineries
|
0.2
|
<11.4>
|
9.3
|
-
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
6,007.3
|
6,217.5
|
6,537.2
|
-
|
-
|
|
% of Industry Non-Performing Loans
|
18.3
|
23.8
|
25.7
|
-
|
-
|
|
|
|
|
|
|
|
|
Construction
|
5.8
|
5.1
|
4.4
|
15.5
|
11.2
|
|
Industry Non-Performing Loans ( MYR Million )
|
3,241.8
|
4,038.5
|
3,856.9
|
-
|
-
|
|
% of Industry Non-Performing Loans
|
9.9
|
10.7
|
10.2
|
-
|
-
|
|
|
|
|
|
|
|
|
Services
|
2.6
|
6.5
|
6.4
|
5.5
|
5.6
|
|
Electric, Gas & Water
|
0.4
|
8.5
|
5.6
|
4.8
|
-
|
|
Transport, Storage & Communication
|
1.6
|
7.7
|
6.5
|
7.3
|
-
|
|
Wholesale, Retail, Hotel & Restaurant
|
2.8
|
4.7
|
5.2
|
6.9
|
-
|
|
Finance, Insurance & Real Estate
|
3.8
|
6.1
|
6.3
|
6.5
|
-
|
|
Government Services
|
2.0
|
6.7
|
7.6
|
5.6
|
-
|
|
Other Services
|
4.4
|
4.2
|
5.4
|
5.7
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
6,631.3
|
7,384.6
|
6,825.2
|
-
|
-
|
|
% of Industry Non-Performing Loans
|
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
|
|
01469 : Operation of poultry hatcheries
|
|
|
|
|
INDUSTRY :
|
AGRICULTURE
|
|
|
|
|
|
|
The agricultural sector has contributed to the growth and be major contributors
to national income and export earnings.The agricultural sector initially
derived from the increase in the production of livestock, fisheries, and
other miscellaneous crops. The agricultural industry more valuable with the
increase in earnings from major commodities such as palm oil, rubber and
food commodities.
|
|
|
|
Palm oil production expected to growth 13.2% at the year 2015/16
which 20.6million tonnes while Poultry production expected to grow 9.9% at
the year 2015/16 which 1.35million tonnes in 2015/16. The 10th Malaysia
Economic Plan will boost growth in this industry by attracte more
investment. Moreover, sugar consumption expected to reach 7.5% due to
contribution of greater disposable income from an average 5.4% real GDP
growth over the year 2013-2016 where will allow Malaysians to spend more on
processed foods with high sugar content such as soft drinks and sugar
confectionery.
|
|
|
|
According to Ministry of Finance, the Agriculture sector in year 2013
are expected to grow 2.4% following the recovery in the output of
plantation commodities. However, the Agriculture sector expanded with a
slower pace of 0.6% at year 2012 compared to 5.9% in the year 2011. The
slower growth was attributed by the decline in the production of Rubber and
Oil Palm. But still parts of the agricultural sector are highly dynamic,
and have good potential for the future.
|
|
|
|
The agriculture is a strong contributer to Malaysia's GDP,
employment, export revenue, export tax and duty, as well as the economic
development. This sector provide income, employment and good investment to
the rural areas where enhance the community. Hence, the Government of
Malaysia allocated RM5.8bil under Budget 2013 for the development of the agriculture
sector and increase productivity and generate higher returns in this
sector.
|
|
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Marginal Growth
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
Incorporated in 1995, the SC is a Exempt Private company, focusing on
poultry farming. Having been in the industry for over a decade, the SC has
achieved a certain market share and has built up a satisfactory reputation
in the market. It should have received supports from its regular customers.
Being a small company with a share capital of RM1,000,000 contributed from
individual shareholders, the SC does not have strong shareholders' backing.
Information revealed that the SC solely focuses on domestic market rather
than overseas market. We believe that this narrow market segment would
limit the SC's business opportunities and the SC is likely to be affected
by the uncertainties in local economy. Being a small company, the SC's
business operation is supported by 30 employees. Overall, we regard that
the SC's management capability is average.
As the SC is registered as an Exempt Private company, it is not required to
file financial statements for public review. As such, we are unable to
ascertain its present financial health.
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 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. Thus, the SC's future performance is very much depend
on its marketing strategies in order to retain its position in the market.
Due to the unavailability of the SC's latest financial information, we only
recommend credit be proceeded to the SC with guarantee.
|
|
|
PROFIT AND LOSS ACCOUNT
|
THE FINANCIAL STATEMENTS
WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS)
|
|
HWA HUAT
LIVESTOCK INDUSTRIES SDN. BHD.
|
|
Financial Year End
|
31/12/2006
|
31/12/2005
|
31/12/2004
|
31/12/2003
|
31/12/2002
|
|
Months
|
12
|
12
|
12
|
12
|
12
|
|
Consolidated Account
|
Company
|
Company
|
Company
|
Company
|
Company
|
|
Audited Account
|
YES
|
YES
|
YES
|
YES
|
YES
|
|
Unqualified Auditor's Report (Clean Opinion)
|
YES
|
YES
|
YES
|
YES
|
YES
|
|
Financial Type
|
SUMMARY
|
SUMMARY
|
SUMMARY
|
SUMMARY
|
SUMMARY
|
|
Currency
|
MYR
|
MYR
|
MYR
|
MYR
|
MYR
|
|
|
|
|
|
|
|
|
TURNOVER
|
10,243,880
|
163,657,470
|
187,378,561
|
182,857,405
|
166,755,332
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
Total Turnover
|
10,243,880
|
163,657,470
|
187,378,561
|
182,857,405
|
166,755,332
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS
|
924,274
|
1,080,895
|
1,321,345
|
1,281,672
|
<869,275>
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS) BEFORE TAXATION
|
924,274
|
1,080,895
|
1,321,345
|
1,281,672
|
<869,275>
|
|
Taxation
|
<326,940>
|
<398,000>
|
<410,595>
|
<306,000>
|
<748,937>
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS) AFTER TAXATION
|
597,334
|
682,895
|
910,750
|
975,672
|
<1,618,212>
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS
|
597,334
|
682,895
|
910,750
|
975,672
|
<1,618,212>
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS
|
597,334
|
682,895
|
910,750
|
975,672
|
<1,618,212>
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD
|
|
|
|
|
|
|
As previously reported
|
8,789,825
|
8,106,930
|
7,196,180
|
6,220,508
|
7,838,720
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
As restated
|
8,789,825
|
8,106,930
|
7,196,180
|
6,220,508
|
7,838,720
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS
|
9,387,159
|
8,789,825
|
8,106,930
|
7,196,180
|
6,220,508
|
|
DIVIDENDS - Ordinary (paid & proposed)
|
<7,020,000>
|
-
|
-
|
-
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD
|
2,367,159
|
8,789,825
|
8,106,930
|
7,196,180
|
6,220,508
|
|
|
=============
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
BALANCE SHEET
|
HWA HUAT
LIVESTOCK INDUSTRIES SDN. BHD.
|
|
ASSETS EMPLOYED:
|
|
|
|
|
|
|
FIXED ASSETS
|
2,142,155
|
1,731,174
|
1,595,466
|
1,521,900
|
1,555,465
|
|
|
|
|
|
|
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL LONG TERM ASSETS
|
2,142,155
|
1,731,174
|
1,595,466
|
1,521,900
|
1,555,465
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS
|
35,244,707
|
53,308,102
|
49,273,368
|
40,111,046
|
38,925,070
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL ASSET
|
37,386,862
|
55,039,276
|
50,868,834
|
41,632,946
|
40,480,535
|
|
|
=============
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES
|
33,999,139
|
45,205,349
|
41,761,904
|
33,237,967
|
32,869,372
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
NET CURRENT ASSETS/(LIABILITIES)
|
1,245,568
|
8,102,753
|
7,511,464
|
6,873,079
|
6,055,698
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL NET ASSETS
|
3,387,723
|
9,833,927
|
9,106,930
|
8,394,979
|
7,611,163
|
|
|
=============
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
|
|
|
|
Ordinary share capital
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL SHARE CAPITAL
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
|
|
|
|
|
|
|
|
RESERVES
|
|
|
|
|
|
|
Retained profit/(loss) carried forward
|
2,367,159
|
8,789,825
|
8,106,930
|
7,196,180
|
6,220,508
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL RESERVES
|
2,367,159
|
8,789,825
|
8,106,930
|
7,196,180
|
6,220,508
|
|
|
|
|
|
|
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
SHAREHOLDERS' FUNDS/EQUITY
|
3,367,159
|
9,789,825
|
9,106,930
|
8,196,180
|
7,220,508
|
|
|
|
|
|
|
|
|
LONG TERM LIABILITIES
|
|
|
|
|
|
|
TOTAL LONG TERM LIABILITIES
|
20,564
|
44,102
|
-
|
198,799
|
390,655
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
|
3,387,723
|
9,833,927
|
9,106,930
|
8,394,979
|
7,611,163
|
|
|
=============
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
HWA HUAT
LIVESTOCK INDUSTRIES SDN. BHD.
|
|
TYPES OF FUNDS
|
|
|
|
|
|
|
Net Liquid Assets
|
1,245,568
|
8,102,753
|
7,511,464
|
6,873,079
|
6,055,698
|
|
Net Current Assets/(Liabilities)
|
1,245,568
|
8,102,753
|
7,511,464
|
6,873,079
|
6,055,698
|
|
Net Tangible Assets
|
3,387,723
|
9,833,927
|
9,106,930
|
8,394,979
|
7,611,163
|
|
Net Monetary Assets
|
1,225,004
|
8,058,651
|
7,511,464
|
6,674,280
|
5,665,043
|
|
|
|
|
|
|
|
|
BALANCE SHEET ITEMS
|
|
|
|
|
|
|
Total Liabilities
|
34,019,703
|
45,249,451
|
41,761,904
|
33,436,766
|
33,260,027
|
|
Total Assets
|
37,386,862
|
55,039,276
|
50,868,834
|
41,632,946
|
40,480,535
|
|
Net Assets
|
3,387,723
|
9,833,927
|
9,106,930
|
8,394,979
|
7,611,163
|
|
Net Assets Backing
|
3,367,159
|
9,789,825
|
9,106,930
|
8,196,180
|
7,220,508
|
|
Shareholders' Funds
|
3,367,159
|
9,789,825
|
9,106,930
|
8,196,180
|
7,220,508
|
|
Total Share Capital
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
|
Total Reserves
|
2,367,159
|
8,789,825
|
8,106,930
|
7,196,180
|
6,220,508
|
|
|
|
|
|
|
|
|
LIQUIDITY (Times)
|
|
|
|
|
|
|
Current Ratio
|
1.04
|
1.18
|
1.18
|
1.21
|
1.18
|
|
|
|
|
|
|
|
|
SOLVENCY RATIOS (Times)
|
|
|
|
|
|
|
Liabilities Ratio
|
10.10
|
4.62
|
4.59
|
4.08
|
4.61
|
|
Assets Backing Ratio
|
3.39
|
9.83
|
9.11
|
8.39
|
7.61
|
|
|
|
|
|
|
|
|
PERFORMANCE RATIO (%)
|
|
|
|
|
|
|
Operating Profit Margin
|
9.02
|
0.66
|
0.71
|
0.70
|
<0.52>
|
|
Net Profit Margin
|
5.83
|
0.42
|
0.49
|
0.53
|
<0.97>
|
|
Return On Net Assets
|
27.28
|
10.99
|
14.51
|
15.27
|
<11.42>
|
|
Return On Capital Employed
|
27.28
|
10.99
|
14.51
|
15.27
|
<11.42>
|
|
Return On Shareholders' Funds/Equity
|
17.74
|
6.98
|
10.00
|
11.90
|
<22.41>
|
|
Dividend Pay Out Ratio (Times)
|
11.75
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
