|
EXECUTIVE SUMMARY
|
RegisREGISTRATION
NO.
|
:
|
545430-W
|
|
COMPANY NAME
|
:
|
FRUITACE SDN
BHD
|
|
FORMER NAME
|
:
|
FORTUNE ELEMENT
SDN BHD (22/08/2001)
|
|
INCORPORATION
DATE
|
:
|
19/04/2001
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
PRIVATE
LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
REGISTERation No.:
|
|
545430-W
|
|
|
|
|
|
REGISTERED
ADDRESS
|
:
|
SUBLOT 31,
DEMAK LAUT INDUSTRIAL PARK, JALAN BAKO, PETRA JAYA, 93050 KUCHING, SARAWAK,
MALAYSIA.
|
|
BUSINESS
ADDRESS
|
:
|
SUBLOT 31-32,
LORONG 7A, DEMAK LAUT INDUSTRIAL PARK, JALAN BAKO, PETRA JAYA, 93050
KUCHING, SARAWAK, MALAYSIA.
|
|
TEL.NO.
|
:
|
082-432313
|
|
FAX.NO.
|
:
|
082-439313
|
|
CONTACT PERSON
|
:
|
WONG KIENG HAI
( MANAGING DIRECTOR )
|
|
|
|
|
|
INDUSTRY CODE
|
:
|
46313
|
|
PRINCIPAL
ACTIVITY
|
:
|
TRADING OF
FRESH FRUITS, VEGETABLES
|
|
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
1,200,000.00 DIVIDED INTO
ORDINARY SHARES 377,000 CASH AND 823,000 OTHERWISE OF MYR 1.00 EACH.
|
|
|
|
|
|
SALES
|
:
|
MYR 38,884,677
[2010]
|
|
NET WORTH
|
:
|
MYR 2,516,484
[2010]
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
45 [2013]
|
|
BANKER (S)
|
:
|
|
HONG LEONG
ASSURANCE BHD
HONG LEONG BANK BHD
PUBLIC BANK BHD
STANDARD CHARTERED BANK
UNITED OVERSEAS BANK (MALAYSIA) BHD
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER
CHECK
|
:
|
CLEAR
|
|
FINANCIAL
CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT
CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
|
COMMERCIAL
RISK
|
:
|
HIGH
|
|
CURRENCY
EXPOSURE
|
:
|
MODERATE
|
|
GENERAL
REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY
OUTLOOK
|
:
|
AVERAGE 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) trading of fresh fruits, vegetables.
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. WONG KIENG
HAI +
|
NO. 5, STUTONG
AVENUE, JALAN STUTONG, 93350 KUCHING, SARAWAK, MALAYSIA.
|
680429-13-5701
|
1,014,240.00
|
84.52
|
|
MS. NG KIM LAN
|
5 JALAN
STUTONG, STUTONG AVENUE, 93350 KUCHING, SARAWAK, MALAYSIA.
|
720524-13-6028
K0312112
|
185,760.00
|
15.48
|
|
|
|
|
---------------
|
------
|
|
|
|
|
1,200,000.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
The SC interest
in other companies (Subsidiaries/Associates) are shown as follow :
Local No
|
Company
|
(%)
|
As At
|
|
912590
|
JIN TAO
VEGETABLE SUPPLIES SDN BHD
|
100
|
31/12/2010
|
|
|
|
|
|
|
|
867259
|
ROYCELAND SDN
BHD
|
100
|
31/12/2010
|
|
|
|
|
|
|
|
|
817675
|
HALAMAN FAJAR
SDN BHD
|
100
|
31/12/2010
|
|
|
|
|
|
|
|
|
575059
|
KAIZEN TRADING
SDN. BHD.
|
100
|
31/12/2010
|
|
|
|
|
|
|
|
|
818466
|
JOVIAL CONCEPT
SDN BHD
|
80
|
31/12/2010
|
|
|
|
|
|
|
|
DIRECTORS
DIRECTOR 1
|
Name Of
Subject
|
:
|
MS. LING AI
HUNG
|
|
Address
|
:
|
NO. 27 SERIAN
BAZAAR, 94700 SERIAN, SARAWAK, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
660827-13-5856
|
|
Date of Birth
|
:
|
27/08/1966
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of
Appointment
|
:
|
01/08/2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of
Subject
|
:
|
MR. WONG KIENG
HAI
|
|
Address
|
:
|
NO. 5, STUTONG
AVENUE, JALAN STUTONG, 93350 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
680429-13-5701
|
|
Date of Birth
|
:
|
29/04/1968
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of
Appointment
|
:
|
27/04/2001
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
1)
|
Name of
Subject
|
:
|
WONG KIENG HAI
|
|
|
Position
|
:
|
MANAGING
DIRECTOR
|
AUDITOR
|
Auditor
|
:
|
F.W. WONG
& CO
|
|
Auditor'
Address
|
:
|
38-M, JALAN
MEGA MENDUNG, OFF JALAN KLANG LAMA, 58200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
1)
|
Company
Secretary
|
:
|
MS. MISSNAH
BINTI DOLLA SABARI
|
|
|
|
|
|
|
|
New IC No
|
:
|
710115-13-5084
|
|
|
Address
|
:
|
2ND FLOOR LOT
11993, BRIGHTON SQUARE, JALAN SONG, 93350 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
HONG LEONG
ASSURANCE BHD
|
|
|
|
|
|
|
2)
|
Name
|
:
|
HONG LEONG
BANK BHD
|
|
|
|
|
|
|
3)
|
Name
|
:
|
PUBLIC BANK
BHD
|
|
|
|
|
|
|
4)
|
Name
|
:
|
STANDARD
CHARTERED BANK
|
|
|
|
|
|
|
5)
|
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
|
:
|
09/02/2004
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM850,000.00
|
|
Description Of
Property Affected
|
:
|
|
PARCEL OF LAND
TOGETHER ONE UNIT CONCRETE DOUBLE STOREY SEMI DETACHED INDUSTRIAL
SHOPHPUSE
|
|
|
Name &
Address Of Chargee
|
:
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 2 In The Register of Charges
|
ENCUMBRANCE 2
|
Date of
Creation
|
:
|
14/07/2005
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM300,000.00
|
|
Description Of
Property Affected
|
:
|
|
PARCEL OF LAND
TOGETHER ONE UNIT CONCRETE DOUBLE STOREY SEMI DETACHED INDUSTRIAL
SHOPHPUSE
|
|
|
Name &
Address Of Chargee
|
:
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 3 In The Register of Charges
|
ENCUMBRANCE 3
|
Date of
Creation
|
:
|
15/02/2006
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM500,000.00
|
|
Description Of
Property Affected
|
:
|
|
PARCEL OF LAND
TOGETHER ONE UNIT CONCRETE DOUBLE STOREY SEMI DETACHED INDUSTRIAL
SHOPHPUSE
|
|
|
Name &
Address Of Chargee
|
:
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 4 In The Register of Charges
|
ENCUMBRANCE 4
|
Date of
Creation
|
:
|
08/03/2006
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of
Property Affected
|
:
|
|
PARCEL OF LAND
TOGETHER ONE UNIT CONCRETE DOUBLE STOREY SEMI DETACHED INDUSTRIAL
SHOPHPUSE
|
|
|
Name &
Address Of Chargee
|
:
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 5 In The Register of Charges
|
ENCUMBRANCE 5
|
Date of
Creation
|
:
|
25/08/2006
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of
Property Affected
|
:
|
|
PARCEL OF LAND
TOGETHER ONE UNIT CONCRETE DOUBLE STOREY SEMI DETACHED INDUSTRIAL
SHOPHPUSE
|
|
|
Name &
Address Of Chargee
|
:
|
|
UNITED
OVERSEAS BANK (MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 6 In The Register of Charges
|
ENCUMBRANCE 6
|
Date of
Creation
|
:
|
10/03/2009
|
|
Description Of
Charge
|
:
|
|
THE
ASSIGNMENT & OPEN CHARGE
|
|
|
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
|
|
1-3, MAIN
BAZAAR, 93000 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 8 In The Register of Charges
|
ENCUMBRANCE 7
|
Date of
Creation
|
:
|
28/10/2009
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM337,000.00
|
|
Description Of
Property Affected
|
:
|
|
LOT 14891, BLOCK
11 MUARA TEBAS LAND DIST
|
|
|
Name &
Address Of Chargee
|
:
|
|
UNITED
OVERSEAS BANK (MALAYSIA) BHD
|
|
1-3, MAIN
BAZAAR, 93000 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 11 In The Register of Charges
|
ENCUMBRANCE 8
|
Date of
Creation
|
:
|
28/10/2009
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM400,000.00
|
|
Description Of
Property Affected
|
:
|
|
|
Name & Address
Of Chargee
|
:
|
|
UNITED
OVERSEAS BANK (MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 9 In The Register of Charges
|
ENCUMBRANCE 9
|
Date of
Creation
|
:
|
28/10/2009
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM1,100,000.00
|
|
Description Of
Property Affected
|
:
|
|
|
Name &
Address Of Chargee
|
:
|
|
UNITED
OVERSEAS BANK (MALAYSIA) BHD
|
|
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 10 In The Register of Charges
|
ENCUMBRANCE 10
|
Date of
Creation
|
:
|
29/04/2011
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM2,035,000.00
|
|
Description Of
Property Affected
|
:
|
|
|
Name &
Address Of Chargee
|
:
|
|
UNITED
OVERSEAS BANK (MALAYSIA) BHD
|
|
1-3, MAIN
BAZAAR, 93000 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 12 In The Register of Charges
|
ENCUMBRANCE 11
|
Date of
Creation
|
:
|
07/07/2011
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM475,000.00
|
|
Description Of
Property Affected
|
:
|
|
|
Name &
Address Of Chargee
|
:
|
|
PUBLIC BANK
BHD
|
|
71,72 &73,
STUTONG PARADE, JALAN SETIA JAYA, 93350 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 13 In The Register of Charges
|
ENCUMBRANCE 12
|
Date of
Creation
|
:
|
21/11/2011
|
|
Description Of
Charge
|
:
|
|
SECURITY
AGREEMENT OVER BANK ACCOUNT
|
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of
Property Affected
|
:
|
|
|
Name &
Address Of Chargee
|
:
|
|
STANDARD
CHARTERED BANK
|
|
WISMA BUKIT MATA
KUCHING, JALAN TUNKU ABDUL RAHMAN, 93100 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 14 In The Register of Charges
|
ENCUMBRANCE 13
|
Date of
Creation
|
:
|
13/02/2012
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM2,780,000.00
|
|
Description Of
Property Affected
|
:
|
|
|
Name &
Address Of Chargee
|
:
|
|
HONG LEONG
BANK BHD
|
|
WISMA HONG LEONG,
18, JALAN PERAK, LEVEL 8, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 15 In The Register of Charges
|
ENCUMBRANCE 14
|
Date of
Creation
|
:
|
08/03/2012
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM500,000.00
|
|
Description Of
Property Affected
|
:
|
|
|
Name &
Address Of Chargee
|
:
|
|
HONG LEONG
BANK BHD
|
|
42, JALAN
PENDING, 93450 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 16 In The Register of Charges
|
ENCUMBRANCE 15
|
Date of
Creation
|
:
|
08/03/2012
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM2,000,000.00
|
|
Description Of
Property Affected
|
:
|
|
|
Name &
Address Of Chargee
|
:
|
|
HONG LEONG
BANK BHD
|
|
42, JALAN
PENDING, 93450 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 17 In The Register of Charges
|
ENCUMBRANCE 16
|
Date of
Creation
|
:
|
08/03/2012
|
|
Description Of
Charge
|
:
|
|
|
Amount Secured
|
:
|
RM2,000,000.00
|
|
Description Of
Property Affected
|
:
|
|
|
Name &
Address Of Chargee
|
:
|
|
HONG LEONG
BANK BHD
|
|
42M JALAN
PENDING, 93450 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 18 In The Register of Charges
|
ENCUMBRANCE 17
|
Date of Creation
|
:
|
19/03/2012
|
|
Description Of
Charge
|
:
|
|
FACILITIES
AGREEMENT, DEED OF ASSIGNMENT AND POWER OF ATTORNEY
|
|
|
Amount Secured
|
:
|
RM720,000.00
|
|
Description Of
Property Affected
|
:
|
|
|
Name &
Address Of Chargee
|
:
|
|
HONG LEONG
BANK BHD
|
|
42M JALAN
PENDING, 1ST FLOOR, 93450 KUCHING, SARAWAK, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and
Numbered 19 In The Register of Charges
|
LEGAL CHECK AGAINST SC
* A check has been conducted in our databank against 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
|
:
|
NEW
ZEALAND,AUSTRALIA
|
CLIENTELE
|
Local
|
:
|
YES
|
Percentage
|
:
|
100%
|
|
Domestic Markets
|
:
|
EAST MALAYSIA
|
|
Overseas
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
|
|
Credit Term
|
:
|
30 - 60 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
CASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Most of the SC's customers are from Kuching, Miri, Sibu and Bintulu.
.
OPERATIONS
|
Goods Traded
|
:
|
|
FRUITS,
VEGETABLES AND GROCERY ITEMS
|
|
|
|
|
|
|
Ownership of
premises
|
:
|
|
|
Total Number
of Employees:
|
|
|
YEAR
|
2013
|
2012
|
2011
|
2010
|
2009
|
2008
|
|
|
|
|
|
|
GROUP
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
|
|
|
COMPANY
|
45
|
45
|
45
|
45
|
45
|
36
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) trading of fresh fruits,
vegetables.
The SC is engaged in the trading of fresh fruits and vegetables. The products
are mostly imported from overseas.
The SC sells apples, oranges, grapes, Kiwi fruits, Mandarins and others.
The SC also sells fruits and vegetables produced according to its season.
PROJECTS
No projects found in our databank
CURRENT INVESTIGATION
Latest fresh investigations carried out on the SC indicated that :
|
Telephone
Number Provided By Client
|
:
|
601 288 73113
|
|
Current
Telephone Number
|
:
|
082-432313
|
|
Match
|
:
|
NO
|
|
|
|
|
|
Address
Provided by Client
|
:
|
S/L 31, DEMAT
LUAT, INDUSTRIAL PARK, JALAN BOKO, PETRA JAYA, KUCHING
|
|
Current
Address
|
:
|
SUBLOT 31-32,
LORONG 7A, DEMAK LAUT INDUSTRIAL PARK, JALAN BAKO, PETRA JAYA, 93050
KUCHING, SARAWAK, MALAYSIA.
|
|
Match
|
:
|
NO
|
|
|
|
|
|
Latest
Financial Accounts
|
:
|
NO
|
Other
Investigations
we contacted one of the staff from
the SC and she provided some information on the SC.
The address provided is incomplete.
FINANCIAL ANALYSIS
|
The SC's
latest financial accounts are up to 2010 which is out dated in our opinion.
Therefore, our comment on the SC financial performance is restricted
thereto.
|
|
|
|
|
|
|
|
|
|
Overall
financial condition of the SC : N/A
|
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
|
|
46313 :
Wholesale of fruits
|
|
|
|
|
INDUSTRY :
|
TRADING
|
|
|
|
|
|
|
The wholesale and retail trade sector grew 7.1% in the first half of the
year 2011 supported by strong consumer spending amid favourable labour
market conditions and sustained disposable income. This was reflected in
the higher distributive trade index which increased 15.9%, with wholesale
and retail trade indices increasing 19.2% and 7.8%, respectively.
|
|
It is anticipated that the retail industry will grow 6.0 per cent in the
year 2012.
|
|
Malaysia's retail sector for 2011 is expected to grow 6 per cent or RM81.59
billion worth of retail sales, similar to the year 2010, due to concerns of
high oil prices, declining purchasing power and high cost of doing
business. The Middle East and North Africa civil wars have caused the world
oil prices to climb. This has led to further rise in the cost of running
retail businesses, especially in terms of transportation cost. Many
retailers have no choice but to pass the increased cost to end consumers. At
the same time, natural disasters (tsunamis, floods, droughts, snow storms,
tornadoes and earthquakes) that occurred in all parts of the world has also
led to a shortage in the supply of food and raw materials. The phenomenon
has pushed retail prices up.In addition, the continual removal of
government subsidies since 2010 has pushed inflation upwards. Consequently,
rising prices of retail goods contributed to an expectation of moderate
performance.
|
|
During the first seven months of 2011, other consumption indicators such as
imports of consumption goods and credit card spending increased 12.8% and
11.8%, respectively. Sales of motor vehicles declined 3% on account of
supply chain disruptions following devastating March 2011 earthquake and
tsunami in Japan.
|
|
Growth of the sector is anticipated to remain encouraging with ongoing
efforts by the Government to increase its contribution to the economy.
Major initiatives include increasing the number of large format stores such
as hypermarkets, superstores and departmental stores are carried out to
boost the economy.
|
|
Meanwhile, the Government has introduced the Retail Shop Transformation
(TUKAR) programme. Under this programme, selected large format retailers
will assist small retailers to improve their premises and layout which
include attractive product display shelves, enhanced lighting and
point-of-sales system to manage product inventory,
|
|
|
|
|
OVERALL
INDUSTRY OUTLOOK : Average Growth
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
Incorporated
in 2001, the SC is a Private Limited company, focusing on trading of fresh
fruits and vegetables. 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.
The capital standing of the SC is fair. With an adequate share capital, the
SC has the potential of expanding its business in future. However, the SC
does not have strong shareholders' backing.
|
|
Investigation revealed that the SC concentrates only on the local market.
This narrow market segment has placed the SC at high business risk and
limits its business expansion opportunities. Any adverse changes to the
local economy might have a negative impact on the SC's business
performance. The SC is operating on a medium scale and it has approximately
45 employees in its business operations. Overall, we regard that the SC's
management capability is average.
|
|
No latest financial accounts were filed with the Registry office during our
inspection. Therefore, our comment on the SC's overall financial
performance are restricted thereto.
|
|
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 shows an upward trend and this trend is very likely to sustain
in the near terms. Hence, the SC is expected to benefit from the favourable
outlook of the industry. The SC however faces moderate business risk as it
has to compete with many well established players in the same field.
|
|
Despite showing a positive growth of the industry, we however noted that
the SC's total encumbrances are exceeding its current paid up capital. In
view of this, we regard that 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 MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS)
|
|
FRUITACE SDN
BHD
|
|
Financial Year
End
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Months
|
12
|
12
|
12
|
12
|
|
Consolidated Account
|
GROUP
|
GROUP
|
GROUP
|
GROUP
|
|
Audited
Account
|
YES
|
YES
|
YES
|
YES
|
|
Unqualified
Auditor's Report (Clean Opinion)
|
YES
|
YES
|
YES
|
YES
|
|
Financial Type
|
FULL
|
FULL
|
FULL
|
FULL
|
|
Currency
|
MYR
|
MYR
|
MYR
|
MYR
|
|
|
|
|
|
|
|
TURNOVER
|
38,884,677
|
30,433,909
|
24,177,340
|
20,882,888
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
Total Turnover
|
38,884,677
|
30,433,909
|
24,177,340
|
20,882,888
|
|
Costs of Goods
Sold
|
<36,207,472>
|
<28,052,408>
|
-
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
Gross Profit
|
2,677,205
|
2,381,501
|
-
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
FROM OPERATIONS
|
771,366
|
484,064
|
383,905
|
291,787
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS)
BEFORE TAXATION
|
771,366
|
484,064
|
383,905
|
291,787
|
|
Taxation
|
<253,099>
|
<160,345>
|
<102,070>
|
<97,355>
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS)
AFTER TAXATION
|
518,267
|
323,719
|
281,835
|
194,432
|
|
Minority
interests
|
40
|
-
|
-
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS
|
518,307
|
323,719
|
281,835
|
194,432
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS
|
518,307
|
323,719
|
281,835
|
194,432
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD
|
|
|
|
|
|
As previously
reported
|
998,177
|
997,458
|
715,623
|
521,191
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
As restated
|
998,177
|
997,458
|
715,623
|
521,191
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS
|
1,516,484
|
1,321,177
|
997,458
|
715,623
|
|
CAPITALISATION
FOR BONUS ISSUES
|
-
|
<323,000>
|
-
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD
|
1,516,484
|
998,177
|
997,458
|
715,623
|
|
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
INTEREST
EXPENSE (as per notes to P&L)
|
|
|
|
|
|
Bank overdraft
|
32,980
|
35,352
|
51,377
|
33,014
|
|
Hire purchase
|
41,655
|
12,360
|
11,781
|
12,487
|
|
Term loan /
Borrowing
|
44,118
|
20,466
|
4,195
|
-
|
|
Others
|
170,018
|
139,282
|
163,747
|
179,726
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
|
288,771
|
207,460
|
231,100
|
225,227
|
|
|
=============
|
=============
|
=============
|
=============
|
BALANCE SHEET
|
ASSETS
EMPLOYED:
|
|
|
|
|
|
FIXED ASSETS
|
4,160,284
|
3,449,679
|
1,851,373
|
1,258,737
|
|
|
|
|
|
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL LONG TERM
ASSETS
|
4,160,284
|
3,449,679
|
1,851,373
|
1,258,737
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
Stocks
|
1,300,171
|
1,002,066
|
821,352
|
633,800
|
|
Trade debtors
|
3,582,295
|
2,737,318
|
2,576,009
|
2,321,331
|
|
Other debtors,
deposits & prepayments
|
991,474
|
376,256
|
874,485
|
969,573
|
|
Short term
deposits
|
178,983
|
174,618
|
591,646
|
864,578
|
|
Short term
loans & advances
|
-
|
-
|
6,008
|
16,168
|
|
Amount due
from director
|
189,774
|
60,884
|
33,670
|
136,651
|
|
Cash & bank
balances
|
795,168
|
695,542
|
263,139
|
186,657
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL CURRENT
ASSETS
|
7,037,865
|
5,046,684
|
5,166,309
|
5,128,758
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL ASSET
|
11,198,149
|
8,496,363
|
7,017,682
|
6,387,495
|
|
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
|
|
Trade
creditors
|
2,082,435
|
955,184
|
408,020
|
266,233
|
|
Other
creditors & accruals
|
748,933
|
536,257
|
583,103
|
314,369
|
|
Hire purchase
& lease creditors
|
179,057
|
98,872
|
74,091
|
66,112
|
|
Bank overdraft
|
516,723
|
485,426
|
698,172
|
521,579
|
|
Short term borrowings/Term
loans
|
317,170
|
73,771
|
60,988
|
-
|
|
Bill &
acceptances payable
|
3,747,000
|
3,400,000
|
3,200,000
|
3,263,099
|
|
Amounts owing
to director
|
166,324
|
102,818
|
114,768
|
114,768
|
|
Provision for
taxation
|
117,630
|
68,519
|
21,344
|
332,668
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL CURRENT
LIABILITIES
|
7,875,272
|
5,720,847
|
5,160,486
|
4,878,828
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
NET CURRENT
ASSETS/(LIABILITIES)
|
<837,407>
|
<674,163>
|
5,823
|
249,930
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL NET
ASSETS
|
3,322,877
|
2,775,516
|
1,857,196
|
1,508,667
|
|
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
|
|
|
Ordinary share
capital
|
1,000,000
|
1,000,000
|
646,000
|
646,000
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL SHARE
CAPITAL
|
1,000,000
|
1,000,000
|
646,000
|
646,000
|
|
|
|
|
|
|
|
RESERVES
|
|
|
|
|
|
Retained
profit/(loss) carried forward
|
1,516,484
|
998,177
|
997,458
|
715,623
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL RESERVES
|
1,516,484
|
998,177
|
997,458
|
715,623
|
|
|
|
|
|
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
SHAREHOLDERS'
FUNDS/EQUITY
|
2,516,484
|
1,998,177
|
1,643,458
|
1,361,623
|
|
|
|
|
|
|
|
LONG TERM
LIABILITIES
|
|
|
|
|
|
Long term
loans
|
278,829
|
588,203
|
10,557
|
-
|
|
Hire purchase
creditors
|
427,964
|
128,736
|
161,281
|
112,544
|
|
Deferred
taxation
|
99,600
|
60,400
|
41,900
|
34,500
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL LONG
TERM LIABILITIES
|
806,393
|
777,339
|
213,738
|
147,044
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
|
|
3,322,877
|
2,775,516
|
1,857,196
|
1,508,667
|
|
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
FINANCIAL RATIO
|
TYPES OF FUNDS
|
|
|
|
|
|
Cash
|
974,151
|
870,160
|
854,785
|
1,051,235
|
|
Net Liquid
Funds
|
457,428
|
384,734
|
156,613
|
529,656
|
|
Net Liquid
Assets
|
<2,137,578>
|
<1,676,229>
|
<815,529>
|
<383,870>
|
|
Net Current
Assets/(Liabilities)
|
<837,407>
|
<674,163>
|
5,823
|
249,930
|
|
Net Tangible
Assets
|
3,322,877
|
2,775,516
|
1,857,196
|
1,508,667
|
|
Net Monetary
Assets
|
<2,943,971>
|
<2,453,568>
|
<1,029,267>
|
<530,914>
|
|
BALANCE SHEET
ITEMS
|
|
|
|
|
|
Total
Borrowings
|
1,719,743
|
1,375,008
|
1,005,089
|
700,235
|
|
Total
Liabilities
|
8,681,665
|
6,498,186
|
5,374,224
|
5,025,872
|
|
Total Assets
|
11,198,149
|
8,496,363
|
7,017,682
|
6,387,495
|
|
Net Assets
|
3,322,877
|
2,775,516
|
1,857,196
|
1,508,667
|
|
Net Assets
Backing
|
2,516,484
|
1,998,177
|
1,643,458
|
1,361,623
|
|
Shareholders' Funds
|
2,516,484
|
1,998,177
|
1,643,458
|
1,361,623
|
|
Total Share
Capital
|
1,000,000
|
1,000,000
|
646,000
|
646,000
|
|
Total Reserves
|
1,516,484
|
998,177
|
997,458
|
715,623
|
|
LIQUIDITY
(Times)
|
|
|
|
|
|
Cash Ratio
|
0.12
|
0.15
|
0.17
|
0.22
|
|
Liquid Ratio
|
0.73
|
0.71
|
0.84
|
0.92
|
|
Current Ratio
|
0.89
|
0.88
|
1.00
|
1.05
|
|
WORKING
CAPITAL CONTROL (Days)
|
|
|
|
|
|
Stock Ratio
|
12
|
12
|
12
|
11
|
|
Debtors Ratio
|
34
|
33
|
39
|
41
|
|
Creditors
Ratio
|
21
|
12
|
6
|
5
|
|
SOLVENCY
RATIOS (Times)
|
|
|
|
|
|
Gearing Ratio
|
0.68
|
0.69
|
0.61
|
0.51
|
|
Liabilities
Ratio
|
3.45
|
3.25
|
3.27
|
3.69
|
|
Times Interest
Earned Ratio
|
3.67
|
3.33
|
2.66
|
2.30
|
|
Assets Backing
Ratio
|
3.32
|
2.78
|
1.86
|
1.51
|
|
PERFORMANCE RATIO
(%)
|
|
|
|
|
|
Operating
Profit Margin
|
1.98
|
1.59
|
1.59
|
1.40
|
|
Net Profit
Margin
|
1.33
|
1.06
|
1.17
|
0.93
|
|
Return On Net
Assets
|
31.90
|
24.92
|
33.11
|
34.27
|
|
Return On
Capital Employed
|
26.38
|
20.58
|
23.39
|
24.66
|
|
Return On
Shareholders' Funds/Equity
|
20.60
|
16.20
|
17.15
|
14.28
|
|
Dividend Pay
Out Ratio (Times)
|
0.00
|
0.00
|
0.00
|
0.00
|
|
NOTES TO
ACCOUNTS
|
|
|
|
|
|
Contingent
Liabilities
|
0
|
0
|
0
|
0
|
|