FORGING AHEAD - Tradewinds Plantation Berhad

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FINANCIAL STATEMENTS
DIRECTORS’ REPORT
OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY (continued)
(II) FROM THE END OF THE FINANCIAL YEAR TO THE DATE OF THIS REPORT (continued)
(d) In the opinion of the Directors:
(i) there has not arisen any item, transaction or event of a material and unusual nature likely to affect substantially
the results of the operations of the Group and of the Company for the financial year in which this report is made;
and
(ii) no contingent or other liability has become enforceable, or is likely to become enforceable, within the period of
twelve (12) months after the end of the financial year which will or may affect the ability of the Group or of the
Company to meet their obligations as and when they fall due.
(III) AS AT THE DATE OF THIS REPORT
(e) There are no charges on the assets of the Group and of the Company which have arisen since the end of the financial
year to secure the liabilities of any other person.
(f) There are no contingent liabilities of the Group and of the Company which have arisen since the end of the financial
year.
(g) The Directors are not aware of any circumstances not otherwise dealt with in the report or financial statements which
would render any amount stated in the financial statements of the Group and of the Company misleading.
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
(a) On 30 December 2009, the Company had submitted applications to the Companies Commission of Malaysia (‘CCM’)
to strike off from CCM’s register its wholly-owned dormant subsidiaries, namely Gugusan Induk Sdn. Bhd. (‘GISB’), Insan
Delima Sdn. Bhd. (‘IDSB’), JTOP Lebir Plantation Sdn. Bhd. (‘JTOP Lebir’) and Teon Choon Quarry Sdn. Bhd. (‘TCQSB’),
under Section 308 of the Companies Act, 1965.
During the current financial year, the Company received the following striking-off notices from the CCM pursuant to the
application for the striking-off:
(i) Notices for the striking-off of GISB and JTOP Lebir, both dated 27 July 2010;
(ii) Notice for the striking-off of TCQSB, dated 16 August 2010; and
(iii) Notice for the striking-off of IDSB, dated 9 September 2010.
Accordingly, GISB and JTOP Lebir were struck-off from CCM’s register on 7 September 2010 and TCQSB and IDSB were
struck-off from CCM’s register on 17 September 2010 and 13 October 2010 respectively.
TRADEWINDS PLANTATION BERHAD
Annual Report 2010