Memo

BOUSTEAD CREDIT SDN BHD (52246-T)

(Wholly Owned by Boustead Holdings Berhad)

Date To

: :

2nd. June 2011 The Executive Director Tn.Hj.Rahim Md Som

Copy :

General Manager En.Norahim Yusof The Accountant Pn.Anna Teh

Re

RISK ACTION PLAN REPORT

The above matter refers. We enclosed herewith a copy of the Risk Action Plan Report on all Branches for your reference and perusal. A copy of the report will also be forwarded to each and individual branch for their action and perusal. Regards,

Ishak Bin Shamsuddin BRANCH MANAGER c.c Kuala Lumpur Branch ( All Branches please take note on the necessary Skudai Branch action to be taken as commented in the said report.) Prai Branch

We wish to inform that En.Zaidi Bin Ismail has commenced employment with us since 13th June 2007 as an Acceptance Clerk until today. During this period of salary review from January 2010 till December 2010, En.Zaidi has shown true commitment in his daily work which involve clerical duties in the acceptance department. However, the pleasing point is, he wrote a thorough report and recommendation on processing of acceptance cases for approval from time to time. He is very attentive to duties given and communicate well with dealers and customer and also when dealing practically at the counter. In view of this, the undersigned is in the opinion that En.Zaidi is a good asset for the Branch and wish to recommend him an extra increment in his salary to boost his moral and develop him to undertake greater responsibility in the near future. We hope to receive your kind consideration and approval on the above matter. Regards,

Ishak Bin Shamsuddin

BRANCH MANAGER

Memo
BOUSTEAD CREDIT SDN BHD (52246-T)
(Wholly Owned by Boustead Holdings Berhad)

Date To From Re

: : : :

04th May, 2011 The Executive Director Branch Manager, Selayang M/s.Ashidah & Melan Sdn.Bhd. Additional Hire Purchase Facility (non act) of RM650,000-00 (Cummulative total is RM2,000,000-00)

The above matter refers. Please be informed that the total facility currently offered to the above hirer was RM1,350,000-00 and has been fully utilized. The drawdown are as shown in page two of the report. The Hire Purchase (Non Act) facility offered was a NON REVOLVING in nature. The Manager, Mr. Jeffry Kow revealed that he requires at least 4 new units to replace the old lorry/prime mover for the year 2011. However, only 2 units are on URGENT basis totaling to RM243,000-00. The other 2 units amounting to RM432,000-00 is expected to purchase before the year ended . Hirers letter dated 4th May is enclosed for your perusal. (appendix 4) Therefore the total amount of Hire Purchase facility (non-act) required for year 2011 is RM675,000-00 x 80% = RM540,000-00. In view that the facility is insufficient for this year 2011 purchase, the hirer has requested for an additional facility and we recommend RM650,000-00 to make a round total of RM2,000,000-00. The Board approval and consideration is sought.

ISHAK BIN SHAMSUDDIN BRANCH MANAGER

17hb Ogos 2010

PENGARAH EKSEKUTIF YG BHG : TN.HJ. RAHIM BIN MOHD SOM

PERKARA: MAJLIS BERBUKA PUASA DI KELAB DARUL EHSAN-AMPANG Merujuk perkara diatas dan perbincangan bersama Tuan hari ini. Kami sangat berbesar hati jika Tuan dapat meluluskan budget perbelanjaan bagi menjayakan majlis berbuka puasa bersama kakitangan yang akan di adakan pada 28hb Ogos 2010 bertempat di Kelab Darul Ehsan , Ampang kelak. Jumlah kakitangan Ibu pejabat,Cawangan Selayang dan Kuala Lumpur beserta suami/isteri ia lah 58 orang (32 kakitangan dan 26 suami/isteri ) @ RM58 net seorang = RM3,364-00. Pertimbangan dan kelulusanTuan sangat kami hargai. Terima Kaseh. Yang Benar,

ISHAK BIN SHAMSUDDIN

Salinan: En.Norahim Yusof Pn.Anna Teh

akan mengadakan majlis berbuka puasa pada 6hb September 2009 pada hari Ahad bertempat di Kelab Darul Ehsan Kuala Lumpur. Olih yang demikian kami memohon jasa baik Tuan untuk meluluskan budget perbelanjaan bagi menjayakan majlis tersebut saperti dibawah:-

Kakitangan suami & Isteri

45 orang x RM48-00 = RM2,160-00

Kami sangat berharap akan jasa baik Tuan untuk mempertimbangkan dan meluluskan perbelanjaan tersebut memandangkan ini adalah jua satu usaha untuk menyemarakkan silaturrahim kakitangan antara Cawangan dan Ibu pejabat. Sekian. Terima Kaseh.

ISHAK BIN SHAMSUDDIN

: THE EXECUTIVE DIRECTOR TUAN HJ. RAHIM BIN MOHD SOM Date : 25TH. JUNE 2009 General Manager En.Norahim Yusof The accounts & Admin Manager Pn.Anna Teh Re : CONFIRMATION OF EMPLOYMENT

Copy :

The above matter refers.

We wish to inform that En.Abdul Rahman Bin Abdul Rahim has commenced employment with us since 1st December 2008 as a Collection Clerk at Selayang Branch. During the 7 months tenure he has shown a reliable and responsible attitude towards working and get along with fellow colleagues well. Good attendance and punctuality couple with good teamwork and very responsive when seeking for assistance. We therefore recommend for confirmation of employment to En. Abdul Rahman Bin Abdul Rahim. Enclosed is the performance appraisal for your action and perusal. Regards,

ISHAK BIN SHAMSUDDIN BRANCH MANAGER

10th. March 2009 The Executive Chairman KOPERASI WAWASAN MALAYSIA BERHAD (dahulu dikenali sebagai Koperasi Lepan Kabu Berhad) C-1301, 13th.Floor, Block C, Kelana Jaya Business Centre Jalan SS7/2, Kelana Jaya, 47301 Petaling Jaya, SELANGOR.

Dear Sirs, Attn. En.Mohamed Farid Mohamed Zawawi Subject: OFFER OF SETTLEMENT We refer to your letter dated 2nd March 2009. We regret that the management is unable to accede to your proposed settlement. For your information the full and final settlement of the said facility as at to date is RM304,437- 00 (inclusive of retention money of RM56,143-50). It is difficult for us to accept your offer with a loss on our side. As the account is finishing in a few months, we prefer to review the position from there on Thank you for your interest to settle the account prematurely and look forward to start doing business with you once your Koperasi account settle. Regards, Yours Faithfully,

RAHIM MOHD SOM EXECUTIVE DIRECTOR

Memo
BOUSTEAD CREDIT SDN BHD (52246-T)

11th October 2010 THE EXECUTIVE DIRECTOR TN.HJ.RAHIM MD SOM Copy To : The General Manager En.Norahim Yusof SUBJECT: LOAN APPROVAL CHANGE OF UNIT HIRER: Mandy Loke Siew Peng @ Aishah Adriana Loke Bt Abdullah GTR : Adenan Bin Samsuddin UNIT : BMW 318i (A) - 2000 CHANGE TO: BMW 523i SE (A) 1999/2003

Reference is made to the above matter. Please be informed that you have approved the above applicants a hire purchase facility of RM50000-00 (74% financing) on 21/10/2010 for the purchase of BMW 318i (A) year 2000 with registration number WHT 8688. However due to some delay the dealer has dispose off the unit to another party. Therefore, we seek your approval to change the unit to another model BMW523i SE (A) year 1999/2003 with registration number WLB9812. The changes on the approval are as follows: Book value Margin of Finance 66% Period of financing Interest rate Monthly instalment RM68000-00 RM45000-00 (reduction from RM50,000 approved earlier) 72 months 7.5% p.a flat RM907-00 per month (previously RM1007-00 pm)

The percentage repayment has been reduced from 26.54% to 24.45% against hirers joint income with guarantor the husband. Other terms and conditions remain the same as per the comment in the credit proposal. Your approval is sought.

ISHAK BIN SHAMSUDDIN BRANCH MANAGER.

The above applicant age 49 years old is married. She is the Managing Director of M/s. Watan waja Security Services Sdn.Bhd. Watan waja was incorporated on the 28th June 1996. Its main activity is providing security services such as security guards etc. The authorize capital is RM5.0 million and paid up capital of Rm1.5 million of Rm1-00 share each. The applicant held RM705,000 or 47% share of the total paid up capital. The remaining 47% is held by the guarantor (her husband) and 5% held by Sharudin Bin Mat Yusof. The profit after tax as reported in CTOS search is as follows: Year ending 31/03/2007 = RM161,068-00 31/03/2008 = RM106,037-00 31/03/2009 = RM 42,910-00 Both the applicant and the guarantor declared a director fees of RM10,000-00 per month. Applicant and guarantors Personal guarantee with other financial institutions: WPN 808 WQS 8496 WMJ 3110 WQX 808 BKD 2396 WQD4555 WST3397 WLR 343 BKS9441 WRF 4 Bal.o/standing RM46188-00 RM24875-00 RM59043-00 RM27698-00 RM33389-00 RM26083-00 RM74690-00 RM40300-00 RM139000-00 RM359649-00 ____________ TOTAL RM830,915-00 ============ Applicants personal current account is as follows: April10 May10 Jun10 July10 Aug10 TOTAL Average Dr. RM274895 RM223360 RM226735 RM139222 RM109114 _________ RM973326 ========= RM194665 ========= Cr. RM289861 RM198391 RM224809 RM149502 RM94290 ________ RM956853 ========= RM191371 ========= mthly. Instm. RM2920-00 RM 928-00 RM2113-00 RM 935-00 RM1095-00 RM1482-00 RM1589-00 RM 775-00 RM2480-00 RM6201-00 __________ TOTAL RM20,518-00 =========== Bal.O/standing RM38363 RM13395 RM11468 RM21748 RM 6923 ________ RM91897 ======== RM18379 p.m. ========

The above facility was rejected on the 29-09-2010 in view of the heavy commitments as shown in the applicants pay slip. However, the applicant reiterated that he is able to meet the monthly repayment and also it will be assisted by his wife who is doing a boutique business. Unit will be traded in to dealer by the seller who is the applicants sister, in view of trade in price is low, the seller prefer and feel that it is worthy to sell it to applicant. The applicant has agree to increase the down payment to further reduce the loan to RM60,00000. With the reduction, the risk margin now stood at 44% as compare to the market value conservatively at RM135,000-00. In view of the big sum of money paid as down payment, we are in the opinion that applicant is genuinely purchasing the unit and the percentage of repayment against his net pay now stood at 24.31% way below 30% limit enforced. We recommend approval in view that applicant has met all the necessary criteria in the hire purchase guideline and approval instituted by the Management. Branch comments and recommendations are also as aforementioned in the credit proposal.

Your consideration and approval is sought. Thank you,

ISHAK BIN SHAMSUDDIN BRANCH MANAGER

e wish to inform that there was a frequent breakdown of electricity at our Branch office. The latest breakdown was on the 17th May 2010. Due to the urgency we have called Syarikat Gemilang Indah to check and repair the causes. They have identified that besides the ELCB switch has to be replaced; the other problem that causes the electricity to trip was from the parking area. Most of the lighting need to be replace due to rust and water leaking during heavy downpour. They have carried out the work half way but in view of the amount of repair quoted, we have requested for a quotation from them for Head Office approval. Enclosed is the quotation from them and Head Office approval is sought. Regards,

ISHAK BIN SHAMSUDDIN BRANCH MANAGER

We therefore seek your approval to purchase a hamper costing RM150-00 each for 10 supporting dealers as listed below. 1) 2) 3) 4) Bong Hock Kee Auto Sdn,Bhd G & W Auto Trading New Success Auto Electrical Services SD Auto

5) Yew Smart Auto Sdn. Bhd 6) Perniagaan Motor Yap 7) GGK enterprise 8) He Sin Used Car 9) All In Motor Sdn.Bhd 10) Yuan Lian Enterprise Your approval is hereby sought.

ISHAK BIN SHAMSUDDIN BRANCH MANAGER

Please be informed that the above vehicle was repossessed on 21/08/2009 and stored at the Emastulin Store. It was believed that an intruder has climb on the zinc fencing and stole a few items from the above vehicle. The window on the drivers side has been broken and the two front seats (Recaro) together with Hi Fi set believe to be the amplifier has also been stolen. We suspected that there could have been other items stolen but unable to identify it.. During repossession, the door was locked. The car was towed and no keys were available. The estimated loss is around RM5,000. We have lodged a police report (enclosed) at the Selayang police Station and the report number is SELAYANG/017250/09 AT 10.59AM. We have call En.Mohd nor the Supervisor of Kawalan Keselamatan who is engage in giving security services in the said premises to take action on the security guard on duty . En.Mohd nor personally came and inspected on the unit involved. We propose that The Management of Emastulin to install more lighting or to double the fencing by using barb wire to ensure further safety in the store. Regards,

ISHAK BIN SHAMSUDDIN BRANCH MANAGER.

Hirer has advised that he do not keep personal account as all his money circulated in the daily business. He and the other director is his wife which runs the day to day operation of the company. There is no other party involved. We therefore recommend waiver of applicant personal account on reason as follows:1) 2) although the company is private limited in nature, the two directors which hold 50% share each are husband and wife comparing hirers pay slip and EPF statement shows that applicant is getting salary of RM5,500 per month and taking into consideration 11% EPF contribution then the figure tally with the actual amount credited in as shown in the EPF statement strong companys bank statement which indicated that the financial standing is good applicant , guarantor and company has no record on FIS and CTOS checking income tax receipt from LHDN is available for sighting unit is a popular model and has good resale value approval is subject to 6 months post dated cheque

3) 4) 5) 6) 7)

We hope with the above explanation, the facility can be approved as recommended. Yours faithfully, ISHAK BIN SHAMSUDDIN BRANCH MANAGER

n view of the need to expose staff in all areas of work and responsibilities, it has been agreed by the Management today that the following staff departmental transfer will take place effective from 16th March 2009. 1.En.Zulkifli Yahya 2.En.Abdul Rahman Hatta 3.Pn.Norhayati Yaacob Collection Officer Recovery Officer Acceptance Officer to to to Acceptance Officer Collection Officer Recovery Officer/

Corporate Loan Officer 4.Pn.Norhazlina Abd Majid 5.Cik Surayahani Rusli Clerk Cashier Acceptance Clerk to to Acceptance Clerk (relief cashier} Clerk Cashier

It is hope that with the new responsibilities and changes, it will greatly motivate the staff and will further improve the respective department. Regards,

ISHAK BIN SHAMSUDDIN BRANCH MANAGER c.c The General Manager The Accounts & Admin Manager *** Organisation Chart enclosed.

Subject IDAMAN PHARMA MANUFACTURING SDN.BHD. The above matter refers. The facility was approved by the Board of Directors on 26th July 2007 for RM5million. As of to date, the Branch have utilized RM4.375 million and remaining RM625,000 unutilized. However, the actual balance outstanding as per our ledger (inclusive if interest) is RM4,354,908-00 and after netting out the interest (rebate) the outstanding balance stood at RM3,556,849-00. In view of the above , we seek you approval to disburse RM928,000-00 (80% of RM1,160.00000) as requested by Idaman on their next purchase of machinery. Purchase Order enclosed herewith for your perusal and approval. Taking into consideration the net outstanding balance and the new disbursement, the total liability will stood at RM4,484,849-00 which is still within RM5.0 million approval limit. Kindly let us have your approval to disburse the above amount as requested by Idaman. Regards,

ISHAK BIN SHAMSUDDIN

BRANCH MANAGER.

DOCUMENT CHECKLIST
(ACCEPTANCE)
HIRER:_________________________________ UNIT:___________________________________ REGN.NO:_______________________________ DOCUMENT (INDIVIDUAL) REMARK 1) IDENTITY CARD 2) DRIVING LICENSE 3) LATEST 3 MTHS PAYSLIP 4) EPF STATEMENT OR 5) FORM J OR EA 6) 3 MTHS BANK STATEMENT 7) CONFIRMATION LETTER OR 8) CERTIFIED COPY PAY SLIP 9) ELECTRICITY OR WATER BILL 10) FIS CHECK 11) CTOS CHECK 12) UNIT INSPECTION 13) OTHERS 14) HIRER GTR

15)

FOLLOW UP BY CREDIT OFFICER: _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ ___________________________________

DOCUMENT CHECKLIST
(ACCEPTANCE)
HIRER:_________________________________ UNIT:___________________________________ REGN.NO:_______________________________ SOLE PROPRIETOR / PARTNERSHIP / COMPANY:
DOCUMENT BNESS REGN / FROM D OR M & A 2) FORM 9, 24 & 49 3) DIRECTORS / PARTNERS IC 4) 2 YRS FINANCIAL STETEMENT 5) 6 MTHS BANK STATEMENT 6) PERSONAL BANK STATEMENT 3 MTHS 7) FORM J / EA 8) CONTRACT AGREEMENT 9) LESEN PERBANDARAN 10) ELECTRIC & WATER BILL 11) FIS CHECK 12) CTOS CHECK 13) DIRECTORS RESOLUTION 14) 15)
1)

HIRER -

GTR

REMARK

FOLLOW UP BY CREDIT OFFICER: _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________

_____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________ ___________________________________