PN17 Companies – Heavy Debted, Negative Cash Listed Companies in Stock Markets

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.

http://www.klmanagement.com.my/

Boat finance companies in India

 

There are so many boat finance companies in India giving financial loans for various needs. The best boat loan companies India as well as the Top Finance Companies in addition dole aside loans that have an urgent necessity. Also, there are numerous boat loan companies for Bad Credit should your credit isn’t that good depending on a standards.

There is a rather long selection of Loan Finance Companies and Financing Company located in India but this is certainly a smaller selection of boat finance companies including Abhinav Capital solutions Ltd, Aditya Birla cash Limited, Aeonian Investments Company Ltd., Allahabad Bank Ltd., Apollo Finvest (India) Ltd, Apollo Sindhoori Capital Investment Ltd., Autoriders Finance Ltd., Axis Bank Ltd., Bajaj car Finance Ltd, Bajaj international Ltd, Bajaj Holdings & Investment Ltd, Bank of Baroda, Bank Of India Ltd, Bank of Madurai Ltd., Bank of Maharashtra, Bank of Punjab Ltd, Bank of Rajasthan Ltd., Bharat international Bank Ltd., Bhoomi Infrastructures Corporation Ltd, Catholic Syrian Bank Ltd., Central Bank of Asia, Centurion Bank of Punjab Ltd., Chokhani Securities Ltd, Cholamandalam DBS Finance Ltd, City Union Bank Ltd., Finvest Ltd, Corporation Bank, Cosmos Co-Op. Bank Ltd., Dalal Street Investments Ltd, DCM Financial Solutions Ltd., Dena Bank Ltd., Developing Credit Bank Ltd., Dewan Housing Finance Corporation Ltd., Dhanalakshmi Bank Ltd., DSP Merrill Lynch Ltd., Simple Fincorp Ltd, Edelweiss Capital, Export-import Bank of Asia, GE Money India, Geojit BNP Paribas Financial Services Ltd, GIC Housing Finance Ltd., Gujarat Lease Financing Ltd, Gujarat State Financial Corpn. Ltd, HDFC Bank Ltd., Housing Development Finance Corporation Ltd, HSBC InvestDirect (India) Ltd, ICICI Lombard General Insurance Provider Limited, ICICI Securities Main Dealership Ltd., IDBI Bank Ltd, IFCI Ltd, Indiabulls Financial Services Ltd. Indiabulls Securities Ltd, IndusInd Bank Ltd., Industrial & Prudential Investment Business Ltd., Industrial Investment Trust Ltd., ING Vysya Bank Ltd, Karnataka Bank Ltd., Karur Vysya Bank Ltd., Karvy Computershare Private Ltd., Kotak Mahindra Bank Ltd.

In addition you can find other Top boat finance companies alongside best, Finance Companies for Bad Credit and they’re: LIC Housing Finance Ltd., Life Insurance Corporation of India, Mahindra & Mahindra Financial solutions Ltd, Manappuram General Finance & Leasing Ltd., Manipal Finance Corpn. Ltd, Maruti Securities Ltd., Motor & General Finance Ltd., Nedungadi Bank Ltd., Network 18 Media & Investment Ltd., Punjab & Sind Bank, Punjab National Bank, RBS Group, Reliance Capital Ltd., Religare Enterprises Ltd, Religare Technova Ltd., Small Industries developing Bank of India, State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of India, State Bank of Indore Ltd., State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, UCO Bank, Union Bank of India, United Bank of Asia, YES Bank.

 

 

Getting decidedly more information regarding Finance Businesses in India or Loans in India simply go to Organizations Asia Directory.

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Auto Insurance Companies In Florida

Auto insurance companies in Florida are very competitive mostly due to the large population group situated in its big cities. If you are looking for a company that can insure your vehicle, you will surely find one that can give you the preferred service you want from the hundreds of companies out there. But before you can decide about that, you need to know the rules and regulations about insuring your vehicle in the Sunshine State.

If you wish to make sure that the company you are looking for is legitimate and is licensed to operate its business in this state, you can check out the Florida Office of Insurance Regulation or the FOIR, as it is fondly called. This department takes care of the seeing the business of companies that insure vehicles in this state. You can check out their website for more information about some companies to know if they are legitimate or not.

When trying to insure your vehicle in the Sunshine state, keep in mind that it is the fifth most expensive in the United States. So do your best to find the cheapest one available by browsing through different companies online. Heed my advice when I say that it is always better to search or companies online.

But do not despair, this state also offers a lot of promotions and discounts to its drivers when it comes to insuring their vehicles. Some of these discounts include multi-vehicle discounts, young driver’s discounts for those with good grades, multi-policy discounts, senior discounts, responsible driver discounts, as well as low-mileage discounts.

If you are living in the Sunshine State, prepare yourself for the following requirements. All drivers must abide by the regulations and minimum amounts of coverage. These include Personal Injury Protection and also Property Damage Liability of ten thousand dollars per person.

Keep in mind that if you fail to insure your vehicle you could face some serious charges imposed by the state’s Department of Insurance. If you get caught, they can suspend or revoke your license or be fined up to five hundred dollars. Your license may only be claimed again if you show proof that you have already insured your vehicle.

So as a good citizen make sure that you are following the laws of the state. To ensure that you are doing it correctly, you may employ the services of agents from companies who can assist you further in getting auto insurance companies in Florida.

Looking for comprehensive information on auto insurance companies in Florida ? Get inside info now in our guide on the latest automobile ins rankings .

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Are credit repair and debt relief companies worth using? ASIC has its doubts.

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Direct Lending Companies Reached New Heights in 2014, Recent Bloomberg Report Shows


L . A ., CA (PRWEB) June 11, 2015

based on data analyzed by Bloomberg in a May 21, 2015 article, last year had been the biggest 12 months on record for direct financing. Overall, direct loan providers around the world lent $ 29.9 billion to borrowers seeking a substitute for bank loans. Because direct loan providers don’t need to comply with similar limitations and guidelines followed by standard finance companies, they could provide consumers commercial financial loans with very attractive terms. As a number one direct lender, First Financial Capital explains that rise in the market may be attributed to this and lots of various other advantages direct loan providers have actually over financial institutions. Other advantages consist of:


Versatile Loan Terms – in line with the California-based lender, direct portfolio loan providers can offer mortgages with far more flexible payback durations. For instance, First Financial Capital offers loans with a single to three year payback period. Borrowers have the option of paying just the interest for first 12 months associated with the loan so they really are not overwhelmed by repayments because they are repaying the loan quantity.

No Prepayment-Penalties – First Financial Capital won’t have any pre-payment charges, allowing borrowers who wish to repay the mortgage may do therefore without large penalty fees. According to very first Financial Capital, this “gives borrowers the freedom to refinance the mortgage if a far more appealing rate becomes available.”

Completely Capitalized – though some men and women might believe they’d need head to a lender for a high-dollar loan, very first Financial Capital is totally capitalized and much more than capable of offering companies multi-million dollar loans. In fact, First Financial Capital states that their typical loan “is anywhere from $ 1 to $ 25 million, with no less than $ 10 million for anyone seeking a loan for home outside the state of Ca.”

Tall Loan-to-Value Ratios – businesses like very first Financial Capital are willing to hand out financial loans with greater loan-to-value ratios, supported by 1st trust deeds on all types of commercial real-estate. In past times, First Financial Capital has-been in a position to offer some borrowers financial loans up to a 80 % LTV.

Special Purpose Financing – “Banks typically choose never to offer mortgages to cover special purpose, single-tenant structures, because financing standard could be set off by the failure of one business,” explains very first Financial Capital. Direct lenders, having said that, are prepared to fund special purpose business loans for both single-site business people and the ones which handle numerous special-purpose businesses. Filling stations, motels, and vehicle washes are normal types of special purpose businesses funded by First Financial Capital.

About Very First Financial Capital

Since 2003, very first Financial Capital features financed over $ 2 billion in special purpose property, and they are currently accepting commercial loan queries for financial loans exceeding $ 1 million. Borrowers seeking to close on a piece of commercial home, can phone First Financial Capital at (310)694-5060 to see just what type of terms can be found to them. Anybody curious also can find out more towards forms of properties they own financed at http://www.firstfincap.com.







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LoanMart Launches Brand New Crossbreed Loan Product; Millions of Rejected Companies Impacted


Encino, Ca (PRWEB) November 04, 2014

in order to assist scores of businesses that regularly never qualify for old-fashioned financial loans, LoanMart is introducing an innovative Small Business Loan to service the forex market.

Whereas conventional and alternative loan providers have requirements that typically drop loans for start-ups, credit-challenged firms, and organizations with restricted record, the LoanMart Small Business Loan is tailored to assist these types of companies with financing.

The market features seen an increase of alternate company lenders to supply liquidity in which standard loan providers have trailed down, said Hugo Dooner, the chief professional of LoanMart, Californias No. 1 auto equity loan provider. However, these alternative providers have actually requirements that exclude a sizable the main small company need. LoanMart is pleased to present something created specifically to deal with the under-served small company market.

The latest item in addition covers the problem entrepreneurs face whenever hoping to get loans for organizations with woeful credit or without set up financial history. A credit check is not the single determining, nor even the biggest, consider getting approved. Now, even a sole proprietor, like an unbiased contractor, with limited credit score might have the monetary freedom purchasing inventory, increase advertising, acquire brand new equipment or manage cashflow time issues.

Companies trying to raise startup capital or to fund some other business need are now able to borrow around $ 50,000 through LoanMart business financing with just some quick documents. Depending on the situations, business people are financed within about each and every day, and they takes up to four years to repay the loan.

Relating to Dooner, by adding the tiny Business Loan, LoanMart now serves clients in 19 states. Beyond the growth of location, this system now makes LoanMart a multi-product economic company. LoanMart Small Business debts is just one more step toward the companys move from being exclusively an automobile title financial institution to supplying an extensive spectral range of financial loans both for consumers and organizations.

Small enterprises in 13 says can begin using today for a LoanMart Small Business Loan by visiting smallbusiness.loanmart.com/ or phoning 1-800-733-LOAN (5626).

#businessloan, #smallbusinessloan, #startuploan, #badcreditloan, #startup, #entrepreneur

About LoanMart:

Since 2001, LoanMart has been a leader specializing in non-traditional financial loans for customers just who may usually be unable to borrow funds from old-fashioned resources eg banks. Its lending products include automobile name financial loans as they are offered despite an applicants credit history. Located in Encino, Calif., LoanMart features 375 employees, and at this time does business in California, Arizona, New Mexico, Utah, Illinois, Missouri, Alabama, Iowa, Idaho, Indiana, Kansas, Maine, Mississippi, new york, Ohio, Pennsylvania, South Carolina, Virginia and Washington.

To find out more, look at the companys web site at http://www.LoanMart.com. You can also find united states on Twitter @Loanmart, and Twitter.

Editor and additional notes:

The data contained in LoanMarts press releases is intended solely for journalists and may never be employed by consumers or business owners to create economic choices. Any consumer or business owner contemplating learning more info on some of LoanMarts services should go to LoanMart.com or smallbusiness.loanmart.com/ for complete terms and conditions.

Reporters may contact:

Marketing Division

Marketing(at)800LoanMart(dot)com

818-285-1625







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SportsSignup Makes Third Consecutive Appearance on Inc. 500|5000 List of Fastest-Growing Private Companies in the United States


Saratoga Springs, NY (PRWEB) August 21, 2014

SportsSignup (http://www.sportssignup.com/), a national leader in online sports league management solutions, is on the Inc. Magazine 500|5000 list of fastest-growing private companies in the U.S. for the third consecutive year, the business publication announced today.

Only a tiny fraction of the nation’s companies have demonstrated such remarkably consistent high growth, particularly in the difficult economic environment of the past few years. This achievement truly puts you in rarefied company, Inc. Magazines President and Editor-in-Chief, Eric Schurenberg, wrote when informing SportsSignup of the honor.

SportsSignup ranks No. 2929 overall on the 500|5000 list for 2014, with a three-year growth rate of 124 percent. SportsSignup ranked No. 2784 overall on the 500|5000 list for 2013, and No. 1687 overall on the 500|5000 list for 2012.

The magazine started the Inc. 500 list in 1982, and expanded it to 5000 in 2007.

Our company has been on quite a run, and were honored and thankful to again make the Inc. Magazine 500|5000 list, said Anthony Bruno, CEO of SportsSignup. Our growth is a direct result of our customer-first focus, and the passion, skills and creativity every person on our team brings to the job every day. We all share in this achievement, and each individual should take great pride in driving such amazing results for our company and our customers.

Two weeks ago, SportsSignup announced the availability of its next generation all-in-one Online Sports Management Solution, which provides sports organizations throughout the United States and Canada the ability to manage their administrative and communications tasks on one, easy-to-use, integrated platform.

A recent acquisition by SportsSignup was the catalyst for this expansion of services, which includes online content management (CMS) with integrated team websites, automated scheduling, standings, player statistics, tournament management including playoff bracketing, and iPhone and Android mobile apps.

The Inc. 500|5000 is ranked according to percentage revenue growth over a four-year period. To qualify, companies must have been founded and generating revenue by the first week of the starting calendar year, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, and independentnot subsidiaries or divisions of other companies as of December 31 of the last year measured. Revenue in the initial year must have been at least $ 200,000, and revenue in the most recent year must have been at least $ 2 million.

SportsSignup services over 3,000 sports organizations in the United States and Canada, ranging from small, community-based non-profits to major league baseball clubs. The company processes more than 1.5 million registrations and facilitates in excess of $ 100 million in credit card payments on behalf of its customers each year.

The complete 2014 Inc. Magazine 500|5000 list is online at http://www.inc.com/inc5000/list.

SportsSignup and other companies on the list will be honored at the 33rd Annual Inc. 500|5000 Conference and Awards Ceremony, October 15-17, 2014, at the JW Marriott Desert Ridge Resort & Spa in Phoenix.

Over the past 10-plus years, SportsSignup has established itself as a youth sports industry leader in online registration, e-commerce (MySportsStore

Philadelphia Insurance Companies Names New Senior Vice President of Claims


Bala Cynwyd, PA (PRWEB) August 11, 2014

Philadelphia Insurance Companies (PHLY), a leading property and casualty and professional liability insurance company for niche markets, announces the hiring of Jane North as Senior Vice President of Claims. Ms. North has 23 years of legal experience defending and working on behalf of insurance carriers and corporations.

Jane’s extensive trial experience with property and casualty and product liability insurance matters makes her a valuable addition to PHLYs claims management team, commented PHLYs Executive Vice President and Chief Claims Officer Bill Benecke. Her trial counsel experience and law firm leadership background will also be a great complement to the company.

Ms. North spent her legal career trying cases in state and federal courts throughout Pennsylvania and New Jersey. She also represented primary and excess carriers in bad faith litigation in several states. A frequent lecturer, Ms. North has presented programs on products liability and bad faith litigation, jury selection and damages evaluations.

Previously, Ms. North was a shareholder with defense firm Deasey, Mahoney, Valentini & North, Ltd. in Philadelphia, PA, where she served as managing partner for several years. She has received several distinguished honors including being named “Pennsylvania Super Lawyer for Products Liability” by Philadelphia Magazine for the last five years. She was also inducted into the Federation of Defense and Corporate Counsel (FDCC), an international organization dedicated to furthering the principles of knowledge, justice and fellowship in connection with professionals involved with the defense of civil litigation. Ms. North is also part of the faculty for the FDCCs Litigation Management College and serves as a state chair for the organization. She received her B.A. from Kings College magna cum laude and J.D. from the Villanova University School of Law.

Headshots are available upon request by e-mailing phlypr(at)phly(dot)com.

About Philadelphia Insurance

Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated A++ (Superior) by A.M. Best Company and AA- for counterparty credit and financial strength by Standard & Poors, is nationally recognized as a member of Ward’s Top 50, National Underwriters Top 100, and one of the Top 150 Workplaces in America. Policies are underwritten by Philadelphia Indemnity Insurance Company. The organization has 49 offices strategically located across the United States to provide superior service. For more information, please visit http://www.PHLY.com.