CREDIT AND PERFORMANCE ASSESSMENT
SECTION II : PERFORMANCE ASSESSMENT
Specially prepared for
Construction Industry Development Board(CIDB)
Your Reference
:
N/A
Our Reference
:
SUN-CONS2/WOY
Subject Enquired Upon
:
SUNWAY CONSTRUCTION BERHAD
Local Number
:
27175 - V
Report Last Update
:
7TH DECEMBER 2001
___________________________________________________________________________
 All figures quoted in this report are in local currency RM (Ringgit Malaysia) unless
otherwise specified.

Adopted abbreviations : SC
- Subject Company (the company enquired by you)
N/A - Not Applicable
__________________________________________________________________________
SUNWAY CONSTRUCTION BHD
LOCAL NO
NAME
BUSINESS ADDRESS
:
:
:
TEL NO
FAX NO
:
:
27175 - V
SUNWAY CONSTRUCTION BERHAD
LEVEL 8 MENARA SUNWAY
JALAN LAGOON TIMUR
BANDAR SUNWAY
46150 PETALING JAYA
SELANGOR DARUL EHSAN
03-56357779
03-56329180
PERFORMANCE ASSESSMENT
The performance risk analysis is conducted by using the 3Cs performance rating model. The performance rating
is based on a five point scale as per information collected through personal interviews and investigation on the
company by our well trained and experienced researchers. The performance score is a composite of weighted
scores of the three major performance areas (The 3Cs).
Performance Assessment
Status
Rating Assigned
Performance Marks
Risk Description
Confidence Level
:
:
:
:

83
Below Average
Above Average
Outlook
:
POSITIVE
3Cs Performance Key [100%]
Character
Competencies
Control
Marks
86 – 100
76 – 85
61 – 75
46 – 60
26 – 45
<25
[10%]
[60%]
[30%]
Rating





NR
Status
:
:
:
Good
Above Average
Good
Performance Assessment
Excellent contract execution capacity
Strong contract execution capacity
Favourable contract execution capacity
Moderate contract execution capacity
Unfavourable contract execution capacity
Weak contract execution capacity
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~2~
SUNWAY CONSTRUCTION BHD
COMMENTS :
The SC is primarily involved in civil engineering construction and building works. The share capital of the SC
is comfortable at RM180,000,000. Incorporated in 1976, the SC has established a reputation for itself as a
reliable and efficient contractor renowned for high quality finishing and prompt completion of projects. The SC
faces low business risk in view of its steady base of suppliers and clientele base. In order to stay ahead of the
competition, the SC has placed great emphasis on the quality & safety in construction activities.
Over the years the SC has completed many high and low investment projects. The current outstanding order
book of RM1.7 billion will enable the SC easily to sustain for the next 2 to 3 years. Our research revealed that
the projects undertaken by the SC are completed in time. Even though there are some minor disputes, but they
were manageable. The SC has improved its quality of material used to meet the standard required by its
customers. Adequate manpower has enabled the SC to carry out the projects smoothly. The workability of its
projects is at an acceptable range and it has not violated any rules or regulations of Dewan Bandaraya or the
Department of Environmental while conducting its business in past or current projects. Overall, the
competencies level of the SC is Above Average.
The SC has stable sources of materials from local suppliers, subsidiaries and associate companies. The SC can
depend on at least 4 subsidiaries for its raw materials and machinery supplies as well as civil engineering
services. Availability of machinery has enabled the SC to carry out its works smoothly. The management of
the SC is in the hand of a number of experienced professional directors and managers who are conversant with
the construction industry. Training programs are also provided to strengthen self-confidence, resilience and
teamwork in its new executives. Overall the SC has maintained a fairly good control of its resources.
The total weighted performance marks of the SC is 83. The SC’s capacity in project execution is strong.
Future earning capacity is Positive and we are confident with the future performance of the SC. Overall rating
for the SC is .
PERFORMANCE RISK
SCORE
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~3~
SUNWAY CONSTRUCTION BHD
The SC has been scored in the 3Cs performance rating analysis. Each key performance area is represented by a number of
performance factors in analysis. A score is obtained for each performance factor using the five point scale. These scores
are then weighted according to that performance factor's importance in the overall performance analysis. The weighted
scores for each of the key performance areas are then summated to obtain the overall Weighted Performance
Marks. The following is a summary of the results obtained in each of the Key Performance Areas (The 3Cs).
3Cs Performance Key
CHARACTER (10%)
Establishment of Company
Authorised/Issued Paid Up Capital
Shareholders of Company
SUB-TOTAL
COMPETENCIES (60%)
Quality of Material Used
Timeliness
Workmanship
Workability
Liquidated Damages
Violation of Regulations
SUB-TOTAL
CONTROL (30%)
Sources of Materials
Human Resources
Machinery & Equipement
SUB-TOTAL
TOTAL WEIGHTED PERFORMANCE MARKS
Weighted Score
Weighted Marks
1
1
1
10
3
2
2
3
1
1
45
1
1
2
28
83
Note: The five point scale will be ranging from the most favourable to the least favourable condition.
1 [ Strong ]
5 [ Poor ]
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~4~
SUNWAY CONSTRUCTION BHD
I. CHARACTER (10%)
The company character analysis refers to the study of the company’s constitution, which
represents the underlying strength of the company as per below. The assessment on
CHARACTER acts as a preliminary test in determining whether the SC is qualified for
further analysis.
CHARACTER (10%)
Establishment of Company
Authorized/Issued Paid Up Capital
Shareholders of Company
Weighted Marks
Weighted Score
1
1
1
10
The SC was incorporated on 26 Apr 1976 as a public company in Malaysia under
name of
SUNGEI
WAY QUARRY SDN BHD. The SC changed its name
to SUNGEI
CONSTRUCTION SDN BHD on 11/06/1984. On 16/03/1996, the SC changed its
name
SUNGEI WAY CONSTRUCTION BHD. Subsequently on 13/12/1999,
the
SC
adopted
present name. The SC was listed on the Kuala Lumpur Stock Exchange Main Board on
June 1997.
the
WAY
to
its
12th
As a public limited company, the SC must have at least one shareholder but
there
is no limit on the maximum number of shareholders. The SC must have at
least two
directors. A public 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 liabilities of the shareholders are only up
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 principally engaged as a turnkey contractor of civil engineering and building
works. The SC is registered as a Grade 7 contractor with the Construction Industry
Development Board (CIDB). The SC is also registered with Pusat Khidmat Kontraktor (PKK)
under A Class. The registration with both Authorities are still valid. This will enable
the SC to tender projects of unlimited sum and is in line with its future plan.
The SC’s subsidiaries are actively involved in the construction of civil engineering
and building works, contracting in mechanical and electrical works, renting of machinery
and site equipment, management and renting of properties and prefabricated construction
of buildings and civil works as well as property development.
The authorized capital of the SC is RM1,000,000,000.00, divided into 1,000,000,000
shares of RM1.00 each. The issued and paid-up ordinary share capital of the SC is
RM180,000,000.
The major shareholder(s) of the SC are shown as follows :
Name..................... Address.................. IC/PP/Loc No.. Shareholding
KEEN RESOURCES SDN BHD
37-1 JLN PJS 1/28B,
95217
SUNWAY METRO, BDR SUNWAY,
1ST FLR
46150 PETALING JAYA,
SELANGOR
510,000
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~5~
SUNWAY CONSTRUCTION BHD
SHEKEL ENTERPRISE SDN BHD 37-1 JLN PJS 1/28B,
120772
SUNWAY METRO, BDR SUNWAY,
1ST FLR
46150 PETALING JAYA,
SELANGOR
645,000
LEMBAGA TABUNG HAJI
201 JLN TUN RAZAK
50732 KUALA LUMPUR
829,000
AMANAH RAYA NOMINEES
(TEMPATAN) SDN BHD
SEKIM AMANAH SAHAM
BUMIPUTERA
C/O MENARA PKENJ,
KOMPLEKS KOTARAYA, 10TH
FLR
80000 JOHOR BARU, JOHOR
HO LIM SUNG
BLK F, 102 JLN PJS, BDR
SUNWAY
46150 PETALING JAYA,
SELANGOR
1051888
500107-08-5405
1,800,667
ERAMALINGAM S/O S
MURUGIAH
14 JLN SG 9/5, TMN SRI
GOMBAK
68100 BT CAVES, SELANGOR
4282583
520523-10-6031
1,687,000
HO LYNN FAH
104 BLK F, JLN PJS 7/15,
BDR SUNWAY
46150 PETALING JAYA,
SELANGOR
0378307
481223-08-5495
2,589,000
HAMIDAH BTE ABDUL MAJID
LOT 11352, PERINGKAT 3,
SG KANTAN
43000 KAJANG, SELANGOR
5647364
590301-10-6662
2,489,000
CHEAH KAH GHEE, KAREN
3 JLN PJS 9/26, BDR
SUNWAY
46150 PETALING JAYA,
SELANGOR
670315-71-5178
3,400,000
MOHD ROSLAN BIN SALLEH
18 JLN 7/14, BDR SG LONG, 751002-11-5213
BT 1 1/4, CHERAS
43000 KAJANG, SELANGOR
3,465,000
LEAN HOEN SEW
F37 TMN GUNUNG HIJAU
31550 PUSING, PERAK
3,440,000
SUNWAY HOLDINGS
INCORPORATED BHD
MENARA SG WAY, JLN LAGOON 37465
TIMUR, BDR SUNWAY, LEVEL
16
46150 PETALING JAYA,
SELANGOR
AMANAH RAYA NOMINEES
(TEMPATAN) SDN BHD
DANA JOHOR
SWASTARIA HOLDINGS SDN
BHD
14,100,000
450505-08-5619
112,967,000
434217
859,000
37-1 JLN PJS 11/28B,
142803
SUNWAY METRO, BDR SUNWAY,
8,864,000
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~6~
SUNWAY CONSTRUCTION BHD
1ST FLR
46150 PETALING JAYA,
SELANGOR
LUWONG INDUSTRIES SDN BHD
ALLFRESH SDN BHD
TENGKU ABRAHAM HOOD
LOT 3048, LRG TERATAI
KUANG
48050 RAWANG, SELANGOR
108658
350113-71-5003
SOUTH JOHOR SECURITIES
NOMINEES (TEMPATAN) SDN
BHD
GEE SIEW YEE
ANN WAM TIANG
MULTI-PURPOSE BANK
NOMINEES (TEMPATAN) SDN
BHD
LATIFAH BTE RAMDZAN
2,600,000
2,500,000
2,234,000
1,332,000
MENARA MULTI-PURPOSE,
CAPITAL SQUARE, 8 JLN
MUNSHI ADBULLAH, 2ND FLR
50100 KUALA LUMPUR
MORE THAN 500 MEMBERS
42234
395,940
230,000
13,063,393
-------------180,000,000
==============
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~7~
SUNWAY CONSTRUCTION BHD
II. COMPETENCIES (60%)
The competencies analysis refers to the study of the company’s project track records.
The quality of completed projects provides an important guideline in determining the
company performance in undertaking its future projects. Technical expertise plays a
crucial role to ensure that all projects meet the standard set.
COMPETENCIES (60%)
Quality of Material Used
Timeliness
Workmanship
Workability
Liquidated Damages
Violation of Regulations
Weighted Marks
Weighted Score
3
2
2
3
1
1
45
Some of the projects completed over the years are :
1. Project Name
Project type
Value
Completion date
2. Project Name
Project type
Value
Completion date
3. Project Name
Project type
Value
Completion date
4. Project Name
Project type
Value
Completion date
5. Project Name
Project type
: Proposed Construction of Office Block A-20 Storey
Block B-19 Storey, Block c-18, Block D & E-17
Storey & Block F-30 Storey Comprising of Basement
Car Park on Lot 2508 to 2511,4096 & 4099 Fedaral
Highway Mukim Kuala Lumpur
: Office Building
: RM238,520,003.75
: 30/6/1999
: The Construction & Completion of Superstructure Works
to The Proposed Dev. Of One 22-storey & Two 20
Storey Office Block on Part of Lot 349, Sec 96, Jln
Bangsar, Kuala Lumpur
: Office Building
: RM133,230,000.00
: 28/12/1999
: Proposed Privatization of “Subang Square” between
MPPJ & Muhibbah Permai Sdn Bhd
: Office Building
: RM101,300,000.00
: 11/04/2000
: Design, Construction and Completion of The Kajang
road to University Putrajaya Malaysia
: Urban Highway Project
: RM74,200,000.00
: 31/12/1997
: Privatization of Johor Traffic Dispersal Scheme
(Package 2), Johor Bharu
: Highway Project
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~8~
SUNWAY CONSTRUCTION BHD
Value
Completion date
: RM45,489,668.74
: 25/01/1999
Our findings from surveys conducted with the project owners and project consultants,
are :
COMPLETED PROJECTS
Quality of Material Used
Timeliness
Workmanship
Workability
Liquidated Damages
Violation of Regulations
:
:
:
:
:
:
Slightly below the standard
Meeting the schedule
Satisfactory
Acceptable
Minimal Amount
Nil
:
:
:
:
:
:
Meeting the standard
Meeting the schedule
Satisfactory
Acceptable
Nil
Nil
CURRENT PROJECTS
Quality of Material Used
Timeliness
Workmanship
Workability
Liquidated Damages
Violation of Regulations
OVERALL PROJECTS PERFORMANCE
According to our survey with the project owner, the quality of material used by the
SC in the past projects was slightly below the standard. However survey in the current
project indicated that the SC has improved its quality of the materials. The SC will
reject the material supplied if quality is not according to specifications.
The workmanship of the SC was satisfactory. There are no delays in completing the
projects handled by the SC. There were only minor problems in the projects carried out
by the SC such as :PROJECT NAME
1. Main Drain (Pasir Putih)
REASONS
-
Drain wall collapsed
Claim did not tally with building plans or
actual progress of works out at site.
Even though there are some minor disputes, but they are manageable. Only minor liquidated
damages have been incurred on the past projects carried out by the SC. No liquidated
damages are imposed on the SC in the current projects. The workability of the SC’s
projects is at an acceptable range. We believe the SC is able to improve on its
performance in order to meet its future project schedules.
Further survey with the project owners and project consultants revealed that the SC
have not received any summons from Dewan Bandaraya and Department of Environment (DOE).
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~9~
SUNWAY CONSTRUCTION BHD
The SC has complied with all the safety requirements at the site. The SC has the highest
score for abiding by the rules and regulations.
In view of its quality of work and efficient performance, the CIDB had presented to
the SC the Group Champion of Malaysian Construction Skill Competition and Construction
IT Award on 14 Sept 2001. The SC was also awarded by Sirim, the Occupational Health
& Safety Management System Certificate - OHSAS 18001:1999 on 11 Sept 2001. Overall,
the competencies level of the SC is Above Average.
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~ 10 ~
SUNWAY CONSTRUCTION BHD
III. CONTROL (30%)
Resources are scarce and expensive in today’s business world, but they are vital to
ensure the success of a project. In Control analysis, we study the degree of command
by the SC over the resources. Project implementation can be achieved in the most
economical, efficient and effective way through the proper management of resources.
CONTROL (30%)
Sources of Materials
Human Resources
Machinery & Equipment
Weighted Marks
Weighted Score
1
1
2
28
SOURCES OF MATERIALS
Materials that commonly sourced by the SC are quarry products, building materials,
sanitary ware, tiles, steel bars, cement and plywood. All the SC’s raw materials are
sourced locally. Besides the local suppliers, the SC also sources materials from its
inter-related companies especially ready-mixed concrete, cement bricks, pipes and
tubes.
Some of the SC’s subsidiaries/associates that provide supporting activities to the SC
are :1.
Sunway Keramo Sdn Bhd
- manufacturing and trading of glazed vitrified clay
pipes.
2. Sungei Way Brick Sdn Bhd
- Trading of cement bricks and other building
materials.
3. Sun-Block Sdn Bhd
- manufacture of concrete blocks and pavers
4. Sunway marketing Sdn Bhd
- marketing, distribution & sale of construction
related products.
5. Sunway Pipeplus Technoloy
Sdn Bhd
- trading of building materials including pipes
6. Sunway Pioneer Quarry S/B
- trading of quarry products
As materials are sourced locally, the SC does not face any foreign exchange risk compared
to the others who import a substantial amount of their materials. The effect on price
fluctuations is minimum on the SC. In addition, the SC has established good relations
with its suppliers. The SC will be able to negotiate for attractive terms and pricing
from its suppliers. The SC has a strong suppliers base as well as inter company support
and this will ensure stable sources of supplies.
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~ 11 ~
SUNWAY CONSTRUCTION BHD
HUMAN RESOURCES
The number of employees for the SC is 579. Following is the breakdown of its staff force
:
CATEGORY OF STAFF
NUMBER OF STAFF
Management
Executive / Professional
Skilled Workers
General Workers
Supporting Staff
50
515
14
-
TOTAL
579
All the SC’s workers are local. With a high composition of local staff, the SC will
have a better control over its work force. Immigration and social problems associated
with the foreign workers that may interrupt the progress of work can be minimized.
The SC has a team of qualified, experienced and dedicated staff to manage its
construction, engineering, marketing and financial activities. The SC provides both
internal and external training programs to its workforce. The SC has intensified its
efforts and initiatives to ensure that staff continue to benefit from comprehensive
training programs as well as to strengthen self-confidence, resilience and teamwork
in its new executives.
For the year 2000, the SC has allocated RM33,483 for in-house training programs and
RM138,518 for employing 80 external consultants for the training programs. There was
a significant increase of the SC’s external training expenditure as compared to the
previous year (1999) which stood at RM28,618 with 46 number of consultants.
The management is headed by Mr Kwan Foh Kwai (49), as Managing Director. He has 25 years
of extensive working experience in operations, site and project management and contract
works. He began his career as a contract engineer with Jabatan Kerja Raya in 1977. He
then moved to Promet Construction Sdn Bhd as a Site Manager and later joined Alam Baru
Sdn Bhd as a General Manager. His last position before joining the SC was General Manager
at Taisei (Malaysia) Sdn Bhd. Mr Kwan Foh Kwai joined the SC as an Executive Director
on 1 October 1996. He was appointed to the Managing Director of the SC on 1 June 2001.
The SC is also assisted by a number of professional managers both locals and expatriates
who have the necessary experience and expertise in the business.
The following are some of the key members of the SC’s management team :
1.Staff name
Position
Education level
: Mr Kwan Foh Kwai
: Managing Director
: B.Science (Hons) Degree, University of Malaya
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~ 12 ~
SUNWAY CONSTRUCTION BHD
2.Staff name
Position
Education Level
Experience
:
:
:
:
Peter Chia Peng Hai
General Manager - Operation
B.Engineering (HONS)(CIVIL),Monash University, Australia
1 year as a Civil Engineer in Forest Commission, Melbourne
Australia.
1
year as a Civil Engineer in Sri Angkasa Sdn Bhd
1
year as a Civil Engineer in Lucon Sdn Bhd
12 years as a General Manager-operations in the SC
3.Staff name
Position
Education Level
Experience
:
:
:
:
Steven Koay Chiew Tean
General Manager - Operation
B.Sc.(HONS) in Civil & Structural Engineering, UK
2 years as a Design Engineer in Bekalan Jurutera
Perunding Sdn Bhd
3 years as a Assistant Resident Engineer in Syed Mohammad
Hooi and Bonnie Sdn Bhd
1 year as a Project Manager in Umw Construction Sdn Bhd
1 year as a Project Manager in Kemajuan Setiawan Sdn Bhd
2 years as a Principle and Sole Proprietor in Perunding
Maju Sdn Bhd
1 year as a Project Manager in Mardec Engineering sdn Bhd
3 year as a Project Manager in GKM Development Bhd
5 years as a Assistant General Manager in the SC
3 years as a Executive Director in the SC
1 year as a General Manager - Operations in the SC
4.Staff name
Position
Education Level
Experience
:
:
:
:
Mr Ang Kew Chuan
General Manager - Operation
B.Sc.(HONS) in Civil Engineering
4 years as a Bridge/Building Engineer in Jabatan Kerja Raya
10 years as a Resident Engineer / Project Engineer / Chief
Resident Engineer in Hashim & Neh Sdn Bhd
5 years as a Project Manager/ HQ Project Coordinator in
Bina Puri Sdn Bhd
5 years as a General Manager in the SC
5.Staff name
Position
Education Level
Experience
:
:
:
:
Mr Khoo Kim Poh
General Manager – Business Research & Development
B.Sc.(HONS) in Civil Engineering, MBA (Finance)
1 year as a Civil & Structure Engineer in Franki Sdn Bhd
2 years as a Civil Engineer in United Engineers (M) Bhd
1 year as a Senior Civil Engineer in United Engineers (M)
Bhd
4 years as a Senior Project Manager in the SC
6 years as a General Manager - Operation in the SC
6.Staff name
Position
Education Level
Experience
:
:
:
:
Andrew Ong Gui Kook
Assistant General Manager –Planning, Research & Development
B.Sc.(HONS) in Civil Engineering
3 years as a Civil & Structure Draughtman in Yusof Ibrahim
Sehu Sdn Bhd
3 years as a Project Engineer in Metrik Marketing Sdn Bhd
3 years as a Marketing Manager in Abric Manufacturing
1 year as a Assistant Manager- Planning, Research &
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~ 13 ~
SUNWAY CONSTRUCTION BHD
Development in the SC
1 year as a Manager- Planning, Research & Development in
the SC
4 years as a Assistant General Manager - Planning, Research
& Development in the SC
7.Staff name
Position
Education Level
Experience
:
:
:
:
Mr Saw Seong Keat
Assistant General Manager – Operation
B.Sc.(HONS) in Civil Engineering
1 year as a Project Engineer in Maskang Sdn Bhd
2 years as a Assistant Site Agent in the SC
1 years as a Site Agent in the SC
2 years as a Deputy Project Manager in the SC
1 year as a Project Manager in the SC
3 years as a Contract Manager in the SC
3 years as a Assistant General Manager-Contract in the SC
2 years as a Assistant General Manager-Operation in the SC
8.Staff name
Position
Education Level
Experience
:
:
:
:
Ms Janice Kong Ling Foong
Assistant General Manager – Information Technology
CIMA Stage 3 & NCC Higher Diploma
2 years as a Cost Assistant in Sawit Oil Industries Sdn Bhd
16 years as a Assistant General Manager- IT in the SC
9.Staff name
Position
Education Level
Experience
:
:
:
:
Mr Tan In Tuan
Deputy Project Director
B.Sc.(HONS) in Civil Engineering
6 years as a Site Engineer in Eemal Construction Sdn Bhd
8 years as a Senior Engineer in Taisei Corporation in
Singapore and Malaysia
4 years as a Assistant General Manager in the SC
10.Staff name
Position
Education Level
Experience
:
:
:
:
Mr Tan Kim Yoke
Assistant General Manager - Operations
Malaysia Certificate of Education (MCE)
6 years as a Supervisor in TH General Contractor Sdn Bhd
8 years as a Senior Site Supervisor in Sungei Way Quarry
Industries Sdn Bhd
1 year as a Site Agent in Sungei Way Quarry Industries
Sdn Bhd
1 year as a Director / Project Manager in Pembinaan JBBS
Sdn Bhd
4 years as a Project Manager in the SC
1 years as a Regional Manager in the SC
3 years as a Director-Southern Region Office in Sunway
Construction (Southern) Sdn Bhd
2 years as a Assistant General Manager in the SC.
The total number of employees resigned in year 2000 is 182. The employees who resigned
are mainly the executive/professionals and the general workers and they comprise 98
and 84 numbers respectively. The staff turnover rate of the SC is considered low. No
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~ 14 ~
SUNWAY CONSTRUCTION BHD
management staff resigned for the year. The SC’s performance in project implementation
will not be affected as the projects are still handled by strong management team members.
MACHINERY & EQUIPMENT
Majority of the SC’s machinery and equipment are leased. Generally the SC has maintained
more than 4 years relationship with most its machinery suppliers. Some of the machinery
and equipment owned by the SC are as follows :






excavators
mobile cranes
off-read lorries
tower cranes
motor grader & rollers
compactors
The estimated market value of plant, machinery and equipment owned by the SC is
RM3,486,225. The SC’s plants and machinery are free from encumbrances and this will
enable the SC to mobilise them from one project to another project.
The SC is not expected to face any problem regarding the availability of machinery and
equipment as it is supported by its other inter-related companies which is engaged in
the same business. The SC has a wholly-owned subsidiary namely SWC machinery Sdn Bhd
engaged in the renting of machinery and site equipment. This will provide the necessary
services, as and when required by the SC. This will ensure work progresses smoothly
to meet the time schedules.
The SC’s plant and machinery and equipment are depreciated on a straight-line basis
over their estimated useful lives. The annual depreciation rates used for plant and
machinery are 10 - 20%.
The total cost of plant, machinery and equipment of the SC for the year ended 31 December
2000 is RM31,883,000. The SC has added new machinery amounting to RM155,000 and disposed
off old machinery amounting to RM484,000. The net book value for plant and machinery
of the SC is RM11,022,000. The machinery are well maintained by the SC as they are
serviced on a monthly basis and handled by the skilled workers.
END OF REPORT -
* BASIS CORPORATION SDN BHD *
*NOTICE : This document is based on information obtained by us from sources believed to be true. However we do not make any representation as to its accuracy. Any advice or recommendation contained
in this documents or any sales or purchase of securities has been given without regard to the specific investment objectives, financial situations and the particular needs of any specific addressee. This
document is for the information of the addressee only and is not to be constructed as an offer or solicitation of an offer to buy or sell securities . We accept no liability whatsoever for any direct or
consequential loss arising from any user of this document or further communication given in relation to this document.
~ 15 ~