LEEKEE INDUSTRIES (M) SDN - teo seng capital berhad

TEO SENG CAPITAL BERHAD(Incorporated In Malaysia)Company No : 732762 - TDIRECTORS’ REPORTOTHER STATUTORY INFORMATION(a)Before the financial statements of the Group and of the Company were made out, the directorstook reasonable steps :(i)(ii)to ascertain that proper action had been taken in relation to the writing off of bad debtsand the making of allowance for impairment losses on receivables and have satisfiedthemselves that all known bad debts had been written off and that adequate allowancehad been made for impairment losses on receivables ; andto ensure that any current assets which were unlikely to realise their values as shown inthe accounting records in the ordinary course of business had been written down to anamount which they might be expected so to realise.(b) At the date of this report, the directors are not aware of any circumstances :(i)(ii)(iii)(iv)which would render the amount written off for bad debts or the additional allowance forimpairment losses on receivables in the financial statements of the Group and of theCompany inadequate to any substantial extent ; orwhich would render the values attributed to current assets in the financial statements ofthe Group and of the Company misleading ; orwhich have arisen which would render adherence to the existing method of valuation ofassets or liabilities of the Group and of the Company misleading or inappropriate ; ornot otherwise dealt with in this report or financial statements of the Group and of theCompany which would render any amount stated in the financial statements misleading.(c) At the date of this report, there does not exist :(i)(ii)any charge on the assets of the Group and of the Company which has arisen since theend of the financial period and which secures the liabilities of any other person ; orany contingent liability in respect of the Group and of the Company which has arisensince the end of the financial period.(d) In the opinion of the directors :(i)(ii)no contingent or other liability has become enforceable, or is likely to becomeenforceable within the period of twelve months after the end of the financial period whichwill or may affect the ability of the Group and of the Company to meet their obligationsas and when they fall due ; andno item, transaction or event of a material and unusual nature has arisen in the intervalbetween the end of the financial period and the date of this report which is likely to affectsubstantially the results of the operations of the Group and of the Company for thefinancial period in which this report is made.Page 5