Financial Projection-MSC Status

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					Dear Esteemed Clients

      Thank you for your interest in obtaining the MSC status for your company. We will assist you in preparing the financial
      projection for the application

      Should you need any assistance in preparing this financial projection, our contact are as follow

Contact Name                                       Contact Number                           E-mail ID
Mohd Zaffri Basir                                  +603 8315 3171                           zaffri@mdec.com.my
Hasrul Nurizwan Bin Nordin                         +603 8315 3164                           hasrul@mdec.com.my
Grace Liew Ming Joon                               +603 8315 3165                           grace@mdec.com.my
Nurazreena Azha Binti Hashim                       +603 8315 3174                           nurazreena@mdec.com.my
Abd Munir Zinal                                    +603 8315 3105                           munir@mdec.com.my
Suthakaran AL Ravindran                            +603 8315 3160                           Suthakaran@mdec.com.my
Siti Nur Syuraya binti Yahaya                      603 - 8315 3160                          syuraya@mdec.com.my




Financials                                                     Page 1 of 13                                                     24/07/2009
Glossary of Financial Terms Used In MSC MALAYSIA Status Application

1. Sales are defined as proceeds which is derived from the provision of goods and/or services falling within the company's
qualified MSC activities.Sales are further classified as Local (all forms of revenue in Malaysia) and/or Export (all forms of revenue
from overseas)
2. Net profit (loss) before tax is defined as profit or loss on qualified MSC activities before taxation

3. Net Operating cash flow is defined as the net amounts of cash flowing in and out of business during the prescribed period to
support the qualified MSC activities. { Formula : Net operating cash flow = Total cash inflow - Total cash outflow }

4. Liquid Assets is defined as cash or bank balance and is a component of Current Assets

5. Stocks is defined as the goods and materials a company purchases to re-sell at a profit for the company's qualified MSC
activities. It is a component of Current Assets

6. Trade Debtors is defined as receivables that arise as a result of the process of selling inventory or services on terms that allow
delivery prior to the collection of cash. It is a component of Current Assets.

7. Current Assets are those which matures in less than one year and are intended for use on a continuing basis for the
company's qualified MSC activities. They are the sums of the following categories; Liquid Assets, Trade Debtors, Stocks,
Prepayments and Other Current Assets.
8. Fixed Assets represent the use of cash to purchase physical assets whose life exceeds one year for the qualified MSC
activities. They include assets such as ; Land, Building, Machinery & Equipment, Funiture & Fixtures, Leasehold Improvements
and other related assets
9. Current Liabilities is defined as short term financial resources acquired for the use and support of operations, expansions or
development of the qualified MSC activities.

10. Long-term Liabilities is defined as long term financial resources acquired for the use and support of operations, expansions
or development of the qualified MSC activities

11. Paid-up-capital is defined as cash injection by shareholders into the company to support the qualified MSC activities.

12. Research & Development refers to contribution towards the development of the MSC activities

* R&D staff salaries relates to foreign and local employees or contract staff actually performing the R&D activity on either a full
time or part time basis.

* Technology Acquisition - Hardware relates to costs of capital expenditure which are directly associated with the project.

* Technology Acquisition - Software relates to direct costs of items or materials which are directly attributable to research and
development.

* Prototypes includes directs costs of constructing, assembling, or re-working prototype units.

* Consumables / Incidental Costs. These costs includes:-

(a) Utilities, publications, office stationery, equipment maintenance directly attributable to the project's research and development
activities.

(b) Local travel essential to the project e.g. costs for travel to related research projects, for consultation with other experts in the
field being studied.

(c ) Training, Seminar & Workshop (Local/Overseas) costs incurred that are directly related to the R&D activity.

13 Networth comprises of shareholder's investments into the company which refers to the sum of Share Capital, Share Premium
Account, Capital Reserves, Reserves and Retained Earnings.




Financials                                                          Page 2 of 13                                                      24/07/2009
Financial Projection Requirements


1 Company Details

Name of Applying Company                       Khalifa Production Sdn. Bhd.

Incorporation Date                                        10/2/2009

Business Analyst                                 Nur Izwana binti Ismail

Authorised Capital                                         100,000

Paid-up Capital                                            100,000


Shareholding Structure or the plan if unincorporated
Name Of the Individual                    Equity (%)             Amount(RM)
Shareholder / Company

Nor Azura Binti Kalikurahman                     30.000                          30,000

Khatijah Binti Abd Rashid                        70.000                          70,000

2 Operational Status
Operational Status       Currently operating

                         Year                          2009

                         Month                    February

3 Revenue Projection For The Next Three Years

   Revenue Streams and Model                   2009                      2010             2011         Assumptions/Working
                                               RM                        RM               RM               calculation
1. Syndication fee                                    34,000              1,626,000        2,880,535 Syndication fee on TV
                                                                                                     station from Asia,
                                                                                                     Middle East, Europe
                                                                                                     and US.
2. Online Subscription                                     0                50,000           200,000 Online video
                                                                                                     subscription per
                                                                                                     lifetime to access all
                                                                                                     the animation and to
                                                                                                     get 5% discount for
                                                                                                     every product
                                                                                                     purchasing.
TOTAL                                                 34,000              1,676,000        3,080,535 --
4 Export Potential
                                                2009                      2010             2011
Export Potential (% each
year of total sales)                                                      45 %
                                                0%                                         70 %




Financials                                                Page 3 of 13                                       24/07/2009
5 R&D Expenditure

R&D Staff Salaries

                                       2009                  2010            2011
                                       RM                    RM              RM
Animator                                      18,000                48,000          82,800
Content Engineer                              18,000                48,000          57,600
TOTAL                                         36,000                96,000          140,400
Technology Acquisitions - Hardware
Desktop                                      12,500                 30,000          20,000
Laptop                                           0                   6,000              0
Furniture & fitting                           5,000                  8,000          12,000
TOTAL                                        17,500                 44,000          32,000

Technology Acquisitions - Software
1. Adobe Flash                                9,000                 15,000          18,000
Windows XP                                    1,350                  2,250           2,700
TOTAL                                        10,350                 17,250          20,700

Prototypes
Akil Story                               150,000                        0               0
TOTAL                                    150,000                        0                0

Others
Consumables/Incidental Costs                     0                      0               0
Patenting&Copyrights                          8,000                     0               0
Others                                           0                      0               0
TOTAL                                         8,000                     0                0
Grand TOTAL                              221,850                 157,250        193,100


6 Amortization rate for R&D expenses

Amortization rate %                     15




Financials                                        Page 4 of 13                                24/07/2009
Assets and Others


7 Fixed Assets Acquisitions Planned

         Annual Acquisition     Depreciation %                  2009                   2010              2011
                                                                RM                     RM                RM
Land & Buildings                                     0                             0             0                     0
Fixtures & fittings                              15                                0          4,000                 7,000
Office equipment                                 20                         5,000             8,000                10,000
Motor vehicles                                   15                                0          5,000                 8,000
TOTAL                                                                       5,000            17,000                25,000


8 Direct Costs

                                      2009                      2010                   2011
                                      RM                        RM                     RM
Direct Labour                              111,600                       262,800            445,200
Direct Material                               540                          2,470                  0
Direct Expenses                               960                          8,640                  0
Manufacturing costs                             0                             0                   0
Sub contracting costs                        1,600                        14,400                  0
TOTAL                                      114,700                       288,310            445,200

9 Operational Expenses

                                      2009                      2010                   2011
No of Employees                       11                            20                 29
Expenses Growth Rate %                9                             9                  9
Interest Rate %                       0                             0                  0




Financials                                           Page 5 of 13                                     24/07/2009
General & Administrative Expenses
                                       2009                    2010            2011
                                       RM                      RM              RM
Professional fees                              2,000                   5,000           8,000
Director’s remuneration                            0                   6,000          12,000
Insurance                                          0                  19,200          43,200
Medical fee                                        0                  28,800          57,600
Rental of premises                             6,000                  30,000          42,000
Salaries, Allowances and Bonus                69,600                  80,400         151,200
Utilities                                      3,600                   7,200          12,000
Upkeep of office                               1,200                   2,400           3,600
KWSP                                           7,656                   8,844          16,632
SOCSO                                          1,218                   1,407           2,646
TOTAL                                         91,274              189,251             348,878

Sales & Marketing
                                       2009                    2010            2011
                                       RM                      RM              RM
Advertisement                                  4,500              119,500            133,140
Entertainment                                      0                5,000              8,000
Printing and stationery                        3,000                5,000              8,000
Salaries and commissions                           0               40,800             72,000
Tender fee                                         0                    0                  0
Traveling expenses                             2,000               30,000             30,000
Upkeep of motor vehicle                            0                    0                  0
KWSP                                               0                4,488              7,920
SOCSO                                              0                  714              1,260
TOTAL                                          9,500              205,502             260,320


Capital Requirement, Funding, Assets, Liabilities and Past Financial Performance


10 Capital Requirement
                                       2009                    2010            2011
                                       RM                      RM              RM
Capital Requirement                          442,324              857,313          1,272,498

11 Funding the Operations

                                      2009                     2010            2011
                                      RM                       RM              RM
Additional Share Capital                           0                       0                   0
Share Premium                                      0                       0                   0
Shareholders / Directors loans                     0                       0                   0
Intercompany loans                                 0                       0                   0
Commercial loans                                   0                       0                   0
Grants                                       150,000                       0                   0
Reimbursement basis                                0                       0                   0
TOTAL                                        150,000                       0                   0

How long the grant will be
                                                  1 year (s)
amortized




Financials                                        Page 6 of 13                                     24/07/2009
12 Assets and Liabilities
        Year                         2008
                                     RM


Fixed Assets                                0

Other Assets                                0

Current Assets                              0

Total                                       0

Current Liabilities                         0

Long term Liabilities                       0

Paid up capital                             0

Share Premium                               0

Retained Profit carried forward             0

Total                                       0


Difference (Assets - Liabilities)           0


13 Past Financial performance
How long the company has
                                    --
been in operation (Years)?

                                    --                 --        2009
                                    RM                 RM        RM
Cash & Bank Balance                         --              --          0
Profit/Loss Before Tax                      --              --          0
Sales/Turnover                              --              --          0




Financials                                  Page 7 of 13                    24/07/2009
Financial Projection

Table   1 Profit & Loss Account
Name of the Company              Khalifa Production Sdn. Bhd.


                                              2009                  2010            2011
                                              RM                    RM              RM
Sales                                             34,000                1,676,000     3,080,535
Less: Cost of Sales                              114,700                  288,310       445,200
Gross Profit                                     -80,700                1,387,690     2,635,335
Less:

General & Administrative Expenses
Professional fees                                   2,000                  5,000         8,000
Director’s remuneration                                 0                  6,000        12,000
Insurance                                               0                 19,200        43,200
Medical fee                                             0                 28,800        57,600
Rental of premises                                  6,000                 30,000        42,000
Salaries, Allowances and Bonus                     69,600                 80,400       151,200
Utilities                                           3,600                  7,200        12,000
Upkeep of office                                    1,200                  2,400         3,600
KWSP                                                7,656                  8,844        16,632
SOCSO                                               1,218                  1,407         2,646
R&D Expenses                                       44,000                 96,000       140,400
Total G&A Expenses                                135,274                285,251       489,278

Sales & Marketing
Advertisement                                       4,500                119,500       133,140
Entertainment                                           0                  5,000         8,000
Printing and stationery                             3,000                  5,000         8,000
Salaries and commissions                                0                 40,800        72,000
Tender fee                                              0                      0             0
Traveling expenses                                  2,000                 30,000        30,000
Upkeep of motor vehicle                                 0                      0             0
KWSP                                                    0                  4,488         7,920
SOCSO                                                   0                    714         1,260
TOTAL                                               9,500                205,502       260,320
Other Income                                      150,000                      0             0
PBDIT                                             -75,474                896,937      1,885,737
Less: Amortisation of R&D                          26,678                  31,863          34,989
Depreciation                                         1,000                  3,950           8,200
PBIT                                             -103,152                861,124      1,842,548
Less: Financial Charges                                 0                       0              0
Profit/(Loss) Before Taxation                    -103,152                861,124      1,842,548
Less: Taxation                                          0                       0              0
Profit/(Loss) After Taxation                     -103,152                861,124      1,842,548
Minority Interest                                       0                       0              0
Distributable Profit                             -103,152                861,124      1,842,548
Dividend                                                0                       0              0
Retained Profit/(Loss) for the                   -103,152                861,124      1,842,548
year
Retained Profit/(Loss)B/fwd                             0                -103,152      757,972
Retained Profit/(Loss)C/fwd                      -103,152                757,972      2,600,520




Financials                                               Page 8 of 13                               24/07/2009
Table      2 Balance Sheet
Name of the Company          Khalifa Production Sdn. Bhd.


                                         2009                   2010            2011
                                         RM                     RM              RM
R&D Gross                                           0               151,173         180,559
Addition                                      177,850                  61,250          52,700
Amortization                                    26,678                 31,863          34,989
R&D Net                                       151,173               180,559         198,270
Investment                                          0                      0                0
Fixed Assets
Land & Buildings                                    0                     0                 0
Fixtures & fittings                                 0                 3,400             8,750
Office equipment                                4,000                 9,400            14,800
Motor vehicles                                      0                 4,250            10,300
Total Net Book Value                            4,000                17,050            33,850
Current Assets
Trade Debtors                                    2,833              139,667         256,711
Cash and Bank Balances                       -249,001               467,518       2,180,955
Prepayments and Deposits                             0                     0                0
Stocks (Non-tradeable)                               0                     0                0
Total Current Assets                         -246,168                607,185      2,437,667
Less Current Liabilities
Other Creditors                                  2,598                 22,796          32,167
Trade Creditors                                  9,558                 24,026          37,100
Accruals                                             0                      0               0
Short Term Loans                                     0                      0               0
Total Current Liabilities                       12,156                 46,822          69,267
Less Current Assets
Net Current Assets                          -258,324                560,363       2,368,400
Net Assets                                  -103,152                757,972       2,600,520
Financed By
Share Capital                                       0                      0                0
Share Premium reserves                              0                      0                0
Retained profit C/Fwd                        -103,152               757,972       2,600,520
Total Financed by Value                      -103,152               757,972       2,600,520
Long Term Liabilities
Grands                                               0                     0                0
Debentures                                           0                     0                0
Long Term Loans                                      0                     0                0
Shareholder's networth                       -103,152               757,972       2,600,520
Balance                                              0                     0                0




Financials                                           Page 9 of 13                               24/07/2009
Table   3 Cash Flow Statement
Name of the Company             Khalifa Production Sdn. Bhd.


                                             2009                 2010              2011
                                             RM                   RM                RM

Cash flows from operating activities

Cash receipts from Customers                        31,167              1,539,167     2,963,490
Less: Cash paid to suppliers                    -105,142                 -273,843      -432,126
Cash paid to operating                           -98,176                 -374,555      -599,828
expenses and employees
Net cash from/(used in)                         -172,151                 890,769      1,931,537
operating activities
Cash flows from investing activities
Investment                                              0                       0               0
Purchase of Fixed assets                            -5,000                -17,000          -25,000
Research and Development                        -221,850                 -157,250      -193,100
Net cash from/(used in)                         -226,850                 -174,250       -218,100
investing activities
Cash flows from financing activities
Issuance of share capital                              0                       0                0
Share Premium                                          0                       0                0
Grands                                           150,000                       0                0
Long term borrowings                                   0                       0                0
Repayment of loans                                     0                       0                0
Others (Financing)                                     0                       0                0
Interest income/expense                                0                       0                0
Net cash from/(used in)                          150,000                       0                0
financing activities
Net increase(decrease)in cash                   -249,001                 716,519       1,713,437
and cash equivalents
Cash and cash equivalents                                0              -249,001           467,518
brought forward
Cash and cash equivalents                       -249,001                 467,518       2,180,955
carried forward




Financials                                              Page 10 of 13                                24/07/2009
Worksheet for Profit & Loss , Balance sheet and Cash flow statement calculations


Name of the Company           Khalifa Production Sdn. Bhd.

Assumptions

Projection (Start Year)                                         2009           2010               2011
Sales (Must total to 100%)                                              100             100                   100

Expected Local Sales %                                                  100              55                    30

Expected Export Sales %                                                   0              45                    70

Trade Debtors Credit Period (Month)                                       1

Trade Creditors Credit Period (Month)                                     1

Other Creditors Credit Period (Month)                                     1

Interest Rate %                                                           0               0                     0

Amortization Rate %                                                      15

Period covered in 1st year                                               12

Fixed Assets Calculation

Annual Acquisition                                             2009            2010               2011
                                                               RM              RM                 RM
Land & Buildings                                                           0               0                    0
Fixtures & fittings                                                        0           4,000                7,000
Office equipment                                                       5,000           8,000             10,000
Motor vehicles                                                             0           5,000                8,000
TOTAL                                                                  5,000          17,000                25,000


Gross Accumulated                                              2009            2010               2011
                                                               RM              RM                 RM
Land & Buildings                                                           0              0                     0
Fixtures & fittings                                                        0           4,000             11,000
Office equipment                                                       5,000          13,000             23,000
Motor vehicles                                                             0           5,000             13,000
Total Gross Accumulated                                                5,000          22,000                47,000


Depreciation                                    %
                                                                2009           2010               2011
                                                                RM             RM                 RM
Land & Buildings                                     0                    0                0                     0
Fixtures & fittings                                 15                    0             600                  1,650
Office equipment                                    20                 1,000           2,600                 4,600
Motor vehicles                                      15                    0             750                  1,950
Total Depreciation                                   0                 1,000           3,950                 8,200


Accumulated Depreciation                                        2009           2010               2011
                                                                 RM            RM                 RM
Land & Buildings                                                          0                0                     0
Fixtures & fittings                                                       0              600                 2,250
Office equipment                                                       1,000           3,600                 8,200
Motor vehicles                                                            0              750                 2,700
Total Accumulated Depreciation                                         1,000           4,950                13,150


Financials                                           Page 11 of 13                             24/07/2009
Net Book Value                                     2009                2010                    2011
                                                    RM                  RM                      RM
Land & Buildings                                               0                  0                          0
Fixtures & fittings                                            0              3,400                      8,750
Office equipment                                           4,000              9,400                     14,800
Motor vehicles                                                 0              4,250                     10,300
Total Net Book Value                                       4,000              17,050                    33,850


Grants
First Drawdown                 2009                 2010               2011               2012          2013
                               RM                   RM                  RM                RM            RM

No.of years to amortised                 1
Brought Forward Amount                   0                         0                  0          0                0
Addition                            150,000                        0                  0          0                0
Total                               150,000                        0                  0          0                0
P&L (Other Income)                  150,000                        0                  0          0                0
Carried Forward Amount                   0                         0                  0          0                0


Second Drawdown                2009                 2010               2011               2012          2013
                               RM                   RM                  RM                RM            RM

No.of years to amortised                 1
Brought Forward Amount                   0                     0                  0              0                0
Addition                                 0                     0                  0              0                0
Total                                    0                     0                  0              0                0
P&L (Other Income)                       0                     0                  0              0                0
Carried Forward Amount                   0                     0                  0              0                0


Third Drawdown                 2009                2010                2011               2012          2013
                               RM                   RM                 RM                 RM            RM

No.of years to amortised                 1

Brought Forward Amount                    0                        0              0              0             0
Addition                                  0                        0              0              0             0
Total                                     0                        0              0              0             0
P&L (Other Income)                        0                        0              0              0             0
Carried Forward Amount                    0                        0              0              0             0




Profitability Ratios                               2009                2010                      2011
                                                    RM                  RM                       RM
Gross Profit %                                            -237.35              82.80                     85.55
Net profit %                                              -303.39              51.38                     59.81
Return on capital employed %                               73.17              118.33                     72.51
Asset Turnover                                              -0.33               2.21                      1.18


Liquidity Ratios
Current Ratio                                              -20.25              12.97                     35.19
Quick Ratio                                                -20.25              12.97                     35.19


Financing Ratios
Gearing Ratio                                                 --                 --                          --
Interest Cover                                                --                 --                          --


Financials                               Page 12 of 13                                     24/07/2009
Investment Ratios
 Earning Per Share                            --       --                   --
 Return on shareholder %                   100.00   113.61                70.85
 Dividend Cover                               --       --                   --
 ROI %                                      73.17   118.33                72.51




Financials                 Page 13 of 13                     24/07/2009

				
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