While there are more than a thousand companies listed in Bursa Malaysia, not all of them are in a financially sound position. Although at the point of listing, these listed companies must meet the Listing Requirements of Bursa Malaysia, given time, the company’s financial position and business direction can change for the better or for the worse.
There are many reasons for these changes, such as change in management, risk profile, management team’s experience, foresight, financial appetite, over-gearing etc.
In this article, I will talk about on listed companies that are classified as PN17. PN17 stands for Practice Note 17/2005 and is issued by Bursa Malaysia; relating to companies that are in financial distress. Companies that fall within the definition of PN17 will need to submit their proposal to the Approving Authority to restructure and revive the company in order to maintain the listing status.
Prior to 2005, listed companies that are in this PN17 condition are classified under PN4.
Criteria for a listed company to be classified as a PN17 company are as follows:-
Shareholders’ fund is equal or less than 25% of the total issued and paid up capital of the listed company; or
Receivers and/or managers have been appointed to take control of at least 50% of the total assets employed of the company on a consolidated basis; or
Winding up of a subsidiary or associate company which makes up at least 50% of the total assets employed of the company on a consolidated basis; or
The auditors have expressed adverse or disclaimer opinion on the listed company’s latest audited accounts; or
For any default in payment, the listed company must announce its inability to provide a solvency declaration through Practice Note 1/2001 or PN1; or
The listed company has suspended or ceased all or a major part of its operations.
There are many reasons and circumstances for a listed company to fall under the classification of PN17. For example, some cases are classified as PN17 due to external factors such as currency fluctuation and economic forecasts.
Since the mid of 2008, we’ve started experiencing certain number of economic problems, but many never expected the situation and impact to be that serious. Examples of some foreign giants that are badly affected by the “sudden” adverse change in global economic conditions are General Motors and Citigroup.
For other companies like AIG, their problems probably arise due to high risk appetite as well as economic miscalculations.
Earlier it was not easy for a person who was not in a condition to pledge an asset to get hold of financial assistance from the money lenders as the deals would become risky for the lenders. Such people can now apply for unsecured personal loans. By going for this monetary service, the borrower can arrange asset less fiscal help for personal needs.
Both tenants and property owners can avail theses risk free funds as the process of asset evaluation is not followed here. You are not required to put any of your priced possessions such as car, house, stock papers and so on. To cut the risk factor for him self, the money lender charges slightly higher rate of interest. One should be careful of his repayment ability.
With unsecured personal loans, you can acquire cash that falls in the range of Â£1000 to Â£25000. One is required to repay the borrowed sum in the comfortable settlement time duration of 1 to 10 years. The money that comes to you depends on your repayment ability and financial situation. With the use of this money, you can do numerous things. One can pay the credit card installments, can pay the household and utility bills, can meet the medical and educational bills and so on.
The borrower can apply with no obligation and free of cost online application form. From the comfort of your home or office, fill the form with your authentic personal details. You would get an approval, once the process of verifications is over. In as less time as possible, the money would come to you.
Minus the hassle of faxing or filling documents, you can apply even if you are a debtor or a defaulter. All kinds of unfavourable credit score can apply and get an approval without any delay in the process of money lending.
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When looking to obtain auto financing when you have bad credit, every possession can be a serious mark against you. It does not mean the you can get financing, it just means that there needs to be a few criteria relating to the repossessions in order to get the best financing opportunity. You have probably found out, if you’ve shopped locally at a dealer or two that most dealerships are going to tell you that there’s nothing that they can do for you. That’s very common, however there are really good sources that can give you a car loan even with a past repossession.
The first criteria that needs to be met is that the repossessions needs to be at least 12 months ago. This is something they can become debatable, because the actual date of the repossessions is not going to really show on your credit report. So it helps out if you remember the repossessions as old as possible. I’m not telling you to be deceitful or to be dishonest, I’m just telling you that you should really figure out exactly when that repossession happened. Sometimes we get timelines confused in our heads and if we really think back, we may find that things are better for us than we thought, in this regard.
If you repossession was a part of a bankruptcy, then the 12 month rule does not apply. Repossessions that are a part of the bankruptcy are totally different in the eyes of lenders. Now, you’re bankruptcy has to be over with. You can’t have a current bankruptcy that is not completely discharged or dismissed by the court and expect to get car loan. That’s just not going to happen and in fact, you really cannot obtain any credit at all, so long as a bankruptcy is still open and is not over with.
Other than that, you just need to know where to go. There are some fantastic opportunities available online that are most likely not available in your local area. You may be pleasantly surprised to discover exactly what you may be able to qualify for very quickly.
Enter your ZIP code and household monthly income at http://www.MyCreditTree.Net/ and see if there is a lender that will approve you for a no money down car loan. You can also apply at http://www.FundMyVehicle.Net/ and get approved in 45 seconds.
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The 609 Credit Repair Secret is a section of the Fair Credit Reporting Act (Federal Law) that does not care if the negative account is valid or not. The letter writing system, I have for you, disputes the CRA’s right to REPORT the adverse account – NOT whether or not the adverse account is valid.
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Ever wonder exactly how previous couples who have split up can are able to be buddies afterward? Some individuals can maintain a friendship after becoming in a relationship, among others prefer to have nothing to do with their ex. There was a misconception that becoming great to your ex ensures that you are looking to get all of them back.
This isn’t always the outcome. Some individuals just want to keep their particular ex within their everyday lives because they’re good people. Just because the relationship fails out, it generally does not imply that a friendship cannot grow.
Maybe you are trying to keep things positive together with your ex but she or he isn’t cooperating and disregarding you. There could be several grounds for this. When you have simply split up, there could nevertheless be emotions of fury or sadness taking place and your ex isn’t ready to communicate.
If you’ve been separated for awhile, your ex partner may well not wish bring up anything through the last and that includes you. This does not mean that talking again is not impossible but it will take some work.
Whatever your circumstances, do not bombard your ex partner with tons of telephone calls and texts. Phone perhaps once per week and even less. If you leave a voicemail, constantly speak in a pleasing tone and do not nag towards proven fact that he or she actually going back your calls.
Exactly the same thing applies to text messaging. While texting is more convenient, it can nevertheless be overdone. Text possibly a few times per week and no more. Another tip would be to not make every message appear to be a crisis (unless needless to say it’s.)
Your ex partner will see you as an annoyance if you should be constantly sobbing wolf. Ultimately your ex lover will speak to both you and you need to be prepared in what you truly desire to state. Do you want to continue to be pals or would you like to try to start over?
Result in the making up process faster and simpler by reading perhaps one of the most well-known commitment guides on line. Get ex talking-to you again nearly instantly.
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Have you ever approached discussion forums from a marketing point of view? Did you know that making as few as 5 posts per day can make a huge difference in your Internet business?
I know in my case I was able to jump start my Internet business in the first couple of years concentrating primarily on forum marketing. There are a couple of keys to making this pay off.
1. You need to consistently add posts to various threads that appeal to you. All you need to do is join three to four discussion forums that relate to the theme of your business.
Start hanging out in these discussion forums getting a feel for the type of discussions that are going on. This can be a tremendous source of free training if you are new to Internet marketing.
However, eventually you will want to begin to participate in the discussions. Make every post you enter one that provides quality to the conversation.
Never make a post just because you are trying to increase your post count. If you make a quality post other forum members will respect that and it will enhance your credibility within the forum.
2. Write a well written signature file. Take a look at some of the other members to get ideas on how you can do that.
I know I personally wanted to just promote one or two specific website URLs. If you focus on doing that you can generate a lot of meaningful traffic to any website you want to promote.
Be precise with the words you write. Nobody wants to read a book in your signature file. I like to think of my signature file as a short classified ad similar to what I would use in my resource box when doing article marketing.
3. Do not underestimate the long term value of posting in discussion forums. Many of these threads are archived and can bring traffic to you long after you have made your post.
They can also be a tremendous source of search engine traffic. Many search engines will rank a thread for a targeted keyword phrase.
The more discussions you are participating in the more potential traffic you can get. This can be from forum members directly or from long term search engine traffic.
These are a few helpful tips on doing forum marketing. If you will just make five posts a day, and consistently work it that, it can have a huge impact on the success of your Internet business.
Any serious Internet marketer can afford to spend that much time every day doing this valuable form of Internet marketing.
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Once you get started in preparing your house for the market, one aspect that needs serious consideration is whether to do a painting job or not. The decision to paint or not to paint depends upon the overall condition of the real estate property. Once you have decided to proceed with the painting job, you also have to consider the scope of the job; the part of the house that needs repainting, colors to be used, etc.
You should remember that the painting job hopes to restore a ‘new’ and ‘fresh’ look of the house. The job also aims to evoke an image of a well maintained real estate property.
Essential Aspects of a Painting Job
1. Consider Curb Appeal
Consider the view of the house from across the street. If you think that the house looks forlorn and faded, then a serious painting job is in order. Ask a friend, relative or a neighbor for his impartial assessment of the overall appearance of the house exterior. You should always consider the painting job as an investment; as it spruces up and adds value to the property.
2. Choosing a Color
You should choose a color that is neutral. It doesn’t have to be unusual and garish. Stick to the conventional and popular shades that perfectly fit to the dominant color of the neighborhood. In most cases, using different shades of yellow paint seem to be the safest and effective way of eliciting the best response from buyers, whether it is used as trim or basic color of the real estate property.
3. Painting of the Roof
If your roof leaks, do the repair of the affected part or parts before starting with the painting job. When painting this part of the house, it is important that you closely observe for water stains. These stains are sure indication that it needs some serious repair.
4. Type of Paint
It is highly recommended that you use quality 100% acrylic latex paint. This type of paint can last for more than 10 years. This results to lesser maintenance work on the part of the prospective buyer.
5. Scope of Work
You should always include proper preparation of the surface for repainting in order to achieve the best results and improve on the life-expectancy of the work.
6. Painting of the Interior of the House
Oftentimes, the color of the interior and the condition of the wallpaper impacts on the overall impression by prospective buyers. If you decide that the wallpaper has to go, stripping it is not the proper way to do it. This approach is time consuming and can damage the underlying surfaces making the painting difficult. A better way is by priming the wall paper with an oil-based primer before painting it using water based paint.
7. Seek the Help of Professional
Before you embark on a serious painting job, it is a good idea to consult with a professional house inspector or building contractor for their expert recommendations. In this way, you don’t do unnecessary work on areas that don’t require any painting and concentrate your effort, time and investment on the more essential parts of the house.
Learn more about the Anchorage Real Estate market or search Anchorage Homes For Sale on Ryan Tollefsen’s Alaska Real Estate web site.
They are entitled o repayment forthwith. They’ve an unassailable directly to be settled regarding the possessions associated with debtors. Through the scenario, lots of the initial settlers in Texas had been debtors fleeing from creditors in other says because Texas personal bankruptcy legislation generously protect a debtor’s “homestead” from being seized by lenders. So that you can talk about about these realities The Bankruptcy misuse Prevention and customer Protection Act of 2005, the alterations in the personal bankruptcy rule, debtors and lenders right has got to think about right here.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, provides few facilities that limiting state homestead exemptions to $ 125,000 in equity for homesteads possessed for 36 months and four months this is certainly lower than 1,215 days. To accomplish this they must deal with two unbiased tests. An easy method test and median earnings test determine chapter 7 instances to safeguard fraud. By applying these examinations judge determines period of time to reduced total of debts. If bankrupt income more then your test pertains then he has to spend settlement for perpetrated fraudulence.
Debtors can protect their particular asset by investing them in a housestead. Debtors get opportunity to hide from creditors. But can be congress considering plan grounds to present this legislation. May be the Texas homestead exemption Act tried to offer security when it comes to wife and children. It’s very typical for a wife with small children is confronted with eviction in scenario where in fact the realization of the woman useful interest wont create adequate to purchase a comparable home in identical neighborhood, or certainly somewhere else. And when she’s got to move somewhere else, there may be problems over education and so forth. These types of situation engendering all-natural sympathy, is they considering these problems before moving the law. For that reason, Tx homestead exemption Act, provides exemption fees, a few Code provide insurance services, existing earnings.
Furthermore, when a settler started broke, family may claim for beneficial interest in the homestead under a resulting or constructive trust. If partner has made a direct share towards price, three options occur. The income might have been meant as a gift, loan, and advantageous fascination with the homestead to bankrupt. May be wife features indirect contributions to shop for of homestead. For a constructive trust to occur three conditions must be pleased. However, judge proceed with the new guideline but there’s few loopholes.
Regulations of mortgages features particularly concerned itself with the need to protect the mortgagor from harsh and unconscionable exchange. Equity has always stressed the safety aspect of the exchange and contains created rules to protect the mortgagor equity of redemption. Are judge thinking about these problems that in equity mortgagorâs features right to redemption on date, if it impossible for him correct notice must offer.
Several of those round the table, advocate the Texas homestead exemption, and argue that offer a debtor to create a new start. To impose these Credit guidance Agencies resolve the economic problem of debtors to prevent bankruptcy. In theory, it may be said it is actually a fresh start but virtually the following is outstanding opportunity to dedicate fraudulence to spend for homestead and apply for broke. Lenders may experience a few problems to bind by these acts. In order to prevent these kinds of problem it must should be amended. In the event of spouse, it must in exemplary cases.
When you yourself have an income while living overseas for more than annually could qualify for international earned income exclusion, exclusion and foreign housing deduction housing people from other countries. This combo could present up to $ 91,400 of foreign earnings for 2009 excluded. Like residing overseas and pay fees in the usa is a complex problem, you need to seek advice from a lawyer with questions concerning this tax.
United Statesdouble taxation agreements with many countries, taxes is paid-in full or assume it is possible to exclude from abroad is always to income tax. It ‘important to know where your country of residence is within the range of DBA.
A U.S. citizen must renounce still pay U.S. fees for a decade.
Overall, you don’t need the U.S. personal safety or Medicare fees paid on international income whenever you perform the services that you tend to be paid or perhaps in combination with an United states ship or plane, the contract-Board had been created in the usa, ship or aircraft you may be employed you are on U.S. ports affected by one, you’ll be put to get results in a country with which the United States in a bi-national agreement on social safety, you’re employed by an US employer, or who will be the working conditions of an international part of a U.S. organization, the offer had been finished with a volunteer> American manager and also the U. S. Treasury Department.
If you reside and / or work in European countries, you may be at the mercy of VAT. You can easily subtract from their particular income taxes for the globe, but you can not prevent.
Nothing is wrong with keeping a foreign bank account, if you live overseas or not. But make sure you inform the IRS regarding the existence with this account and report the income generated and deposited with theAccount.
If you have to pay a citizen associated with united states enforced because of the IRS, wherever you live. A few of the penalties for maybe not stating international income can be as large as $ 10,000. end up being the safest option to spend fees in the us
Many people worry about the future of their finances. Some other people are always on the look out for better rates from different service providers. So here s a thing that will make your life much easier when it comes to financial projections, comparisons and what not s; financing calculators.
If you go on a ride on the internet, you will find thousands of financing calculators that calculate various things from educational loans to bad credit financing. In most cases, these financing calculators allow you to come up with accurate projections for the future and gives proper details such as interest rates, installment amounts, overall interest you will be paying etc.
Financing calculators can be considered an added service because they make things easier for you when it comes to the math part that we usually involve in before making a decision. For example, if you cannot choose on a finance institution, within a matter of half an hour, you could do the math using the financing calculator and arrive at a decision based on the rates each company provides. This way you can easily determine who provides the best service in terms of interest rates etc.
These calculators also help out in clarifying doubts and grey areas. Not many people are financial experts. So in the case of a lay person, understanding financial terms and conditions may be a little difficult of a task. Therefore, by providing a financing calculator service, a finance institution eases up the process for you while cutting down on human resources that would be otherwise needed to explain every bit and piece of information.
Using financing calculators are quite simple and easy. In fact, special care has been taken to make it as user-friendly as possible to make things easier for you. Once you use a financing calculator, you will get a clear picture about what to expect from your loan or finance scheme. However, you should be careful about over-estimations and mistakes you may do while using these financing calculators. So always check with a staff member to double check that your figures are correct.
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