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					Statement Of Affairs
                                                     FORM 61

                                                Companies Act, 1965

                                              STATEMENT OF AFFAIRS
                                               MAXISEGAR SDN BHD
                                               (Company No. 105096-V)

Date :    3rd March 2011
                                                                                  Valuation
                                                                               (for each entry   Estimated
                                                                                show whether     Realisable
                                                                                  cost or net     Values
                                                                                book amount)
                                                                                     RM             RM

    1     Assets not specifically charged :

    a     Real estate as detailed in Schedule A                                     3,527,160      3,527,160
    b     Sundry debtors as detailed in Schedule B                                 34,534,909     12,500,000
    c     Cash on hand                                                                    -              -
    d     Cash at bank                                                                646,845        646,845
    e     Stock as detailed in inventory                                           23,157,222     18,525,778
    f     Work in progress                                                                -              -
    g     Plant and equipment as detailed in inventory                                  9,665            -
    h     Other assets as detailed in Schedule C                                    6,310,233      3,500,000

          Sub-Total                                                                68,186,036     38,699,783

    2     Assets subject to specific charges                                     623,778,147     291,204,000

          Less amounts owing as detailed in Schedule D                           (338,031,647)   (311,627,693)


          Total Assets                                                           353,932,536      18,276,090


          Total Estimated Realisable Values

    3     Less preferential creditors entitled to priority over the holders                -              -
          of debentures under any floating charged as detailed in schedule E

    4     Less amounts owing and secured by debenture or floating charge                   -              -
          over company’s assets to

    5     Less preferential creditors as detailed in Schedule F                    44,483,884     44,483,884

    6     Creditors (unsecured)                                                  849,090,200     849,090,200
          as detailed in Schedule G


          Amount claimed (RM)                                                     893,574,084    893,574,084
                                                                                  Valuation
                                                                               (for each entry   Estimated
                                                                       show whether     Realisable
                                                                         cost or net     Values
                                                                       book amount)
                                                                            RM             RM

7   Balances owing to partly secured creditors                                   -               -
    as detailed in Schedule H


    Total Claims (RM)                                                            -               -

    Security Held (RM)                                                           -               -

8   Contingent assets (RM)
    Estimated to produce as detailed
    in Schedule I                                                                -               -

9   Contigent liabilities (RM)
    Estimated to rank as detailed in Schedule J                           31,686,951      31,686,951
               Estimated deficiency or                                  (571,328,498)   (906,984,944)
               Estimated surplus
               (Subject to costs of administration liquidation)




                          Share Capital                           RM       4,000,000


                          Issued                                  RM       1,710,000


                          Paid Up                                 RM       1,710,000
                                                                             SCHEDULE A
                                                                              Real Estate

   Address and Description of Property   Cost Price or       Estimated       Valuation       Particulars of Tenancy     Where             Short Particulars of Title
                                         Book Value       Realisable Value   for rating                               Possession
                                                                             Purposes                                  of Deeds
                                                                                                                        may be
                                                                                                                      Obtained
                                             RM                 RM              RM


Mukim of Petaling, Daerah Petaling,
Selangor Darul Ehsan                          3,527,160         3,527,160                 Land held for development                GM189 Lot 2323 and GM190 Lot 2324




                                              3,527,160         3,527,160
                                                        SCHEDULE B
                                            Sundry Debtors (Including Loan Debtors)

                           Name               Nature      Amount          Amount        Deficiency    Particulars    Explanation of
                                                                         Realisable                   of Security      Deficiency
                                                                                                     (if any) Held
                                                            RM              RM             RM


JTC - Alienation & Subdivision survey fee                   4,351,221
Jurukur Terra Consult                                         917,010
LT Sdn Bhd                                                  1,502,269
Other debtors                                                  60,632      12,500,000
Puncak Kesuma Sdn Bhd                                       2,514,600
Tekal Perkasa Sdn Bhd                                         597,848
Tebrau Height Development Sdn Bhd                             221,448
Terbau Properties Sdn Bhd                                  12,000,000
SAP Air Hitam Properties Sdn Bhd                            3,338,592
Trade Debtors                                               8,588,782
Tujuan Ehsan Sdn Bhd                                          442,507


                                                           34,534,909      12,500,000
                                 SCHEDULE C
                                  Other Assets

     Description of Deposit or Investment        Cost         Amount
                                                             Realisable
                                                  RM           RM

Deposits :-

MPAJ, MPPJ, MPSJ                                  759,042
Telephone                                          10,534
TNB                                               233,717
Water                                             294,840       500,000
Others                                             12,100




Share of profit pay to Joint-Venture partner     5,000,000    3,000,000




                                                 6,310,233    3,500,000
                                                                                                            SCHEDULE D
                                                                   Assets Subject to Specific Charges, Liens, Mortgages, Bills of Sale or Hire Purchase Agreements

  Description of Assets     Date       Description of Charge           Holder of Charge      Description of Other Holder of Other Charge Terms of          Cost or Book Value      Estimated Realisable   Amount Owing under
                           Charge                                                                  Charge                                Repayment                                        Value                Charge
                           Given
                                                                                                                                                                     RM                    RM                    RM

Taman Puncak Jalil
HS(D) 201976 PT 59170     4/26/2004   1st party 1st legal charge   Abrar Discounts Bhd
HS(D) 201978 PT 60227     4/26/2004   1st party 1st legal charge   Abrar Discounts Bhd                                                                                                       51,195,000
HS(D) 201980 PT 62420     4/26/2004   1st party 1st legal charge   Abrar Discounts Bhd
HS(D) 201981 PT 62421     4/26/2004   1st party 1st legal charge   Abrar Discounts Bhd
HS(D) 201979 PT 61372     4/26/2004   1st party 1st legal charge   Abrar Discounts Bhd




Batang Berjuntai                                                                                                                                                                                                  117,000,000

HS(D) 5714 PT5626                     1st party 2nd charge         Abrar Discounts Bhd       3rd party 1st charge   TA First Credit Sdn Bhd                                                   6,588,800
HS(D) 5715 PT5627                     1st party 2nd charge         Abrar Discounts Bhd       3rd party 1st charge   TA First Credit Sdn Bhd                                                  11,040,000
HS(D) 5716 PT5628                     1st party 2nd charge         Abrar Discounts Bhd       3rd party 1st charge   TA First Credit Sdn Bhd                                                   7,311,200
HS(D) 5717 PT5629                     1st party 2nd charge         Abrar Discounts Bhd       3rd party 1st charge   TA First Credit Sdn Bhd                                                   8,492,000
HS(D) 5718 PT5630                     1st party 2nd charge         Abrar Discounts Bhd       3rd party 1st charge   TA First Credit Sdn Bhd                                                  13,876,800
Sub-total                                                                                                                                                                                    47,308,800

HS(D) 5740 PT830                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    9,757,600
HS(D) 5741 PT831                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                   12,072,000
HS(D) 5742 PT832                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    7,864,000
HS(D) 5743 PT833                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                           623,769,147             13,636,000
HS(D) 5744 PT834                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    8,229,600
HS(D) 5745 PT835                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                   26,865,600
HS(D) 5746 PT836                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    5,382,400
HS(D) 5747 PT837                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    4,508,000
HS(D) 5748 PT838                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    7,891,200
HS(D) 5749 PT839                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    7,663,200
HS(D) 5750 PT840                      3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                   11,463,200           208,916,493
HS(D) 5704 PT5616                     3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    5,034,400
HS(D) 5705 PT5617                     3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    2,226,400
HS(D) 5707 PT5619                     3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                   11,753,600
HS(D) 5708 PT5620                     3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    5,712,800
HS(D) 5709 PT5621                     3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                   17,441,600
HS(D) 5710 PT5622                     3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    4,812,000
HS(D) 5711 PT5623                     3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    7,696,000
HS(D) 5712 PT5624                     3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                    6,874,400
HS(D) 5713 PT5625                     3rd party 1st charge         TA First Credit Sdn Bhd                                                                                                   11,608,800
Sub-total                                                                                                                                                                                   188,492,800

HS(D) 5706 PT5618         11/5/2003 3rd party 1st charge           EON Bank                                                                                                                   4,198,400            12,106,154

Fixed Deposit                         Rental Deposit               Celcom                                                                                                  9,000                  9,000                 9,000

                                                                                                                                                                     623,778,147            291,204,000           338,031,647
                                                     SCHEDULE E
        Preferential Creditors Entitled to Priority over the Holders of Debentures under any Floating Charge

Employees' Name and Address     Wages     Holiday    Long Service Leave               Estimated Liability
                                           Pay
                                  RM       RM                RM                               RM




                                              N/A
                                        SCHEDULE F
               Preferential Creditors (Other than those Detailed in Schedule E)

    Name and Address of             Description of Amount Owing             Amount Owing
    Preferential Creditors
                                                                                  RM

Inland Revenue Board          Income Tax Payable                                  44,483,884

                                                                                         -




                                                                                  44,483,884
                     SCHEDULE G
                   Unsecured Creditors

              Name and Address of Creditors   Amount as per       Amount        Reason for
                                              Management        Admitted as   Dispute Amount
                                                Accounts       Owing Pending      (if any)
                                                                Proof of Debt
                                                                  Exercise

                                                  RM                RM
 1   Abrar Discount Berhad                         3,160,899        3,160,899
 2   Advent Tar Consultant Sdn Bhd                    4,810             4,810
 3   All Glory Construction S/B                        6,420            6,420
 4   Alpway Engineering                              393,606          393,606
 5   Ambang Vista Sdn Bhd                         21,249,788       21,249,788
 6   ANK Associate                                     2,375            2,375
 7   Ansah S/B                                           847              847
 8   Apecon S/B                                       53,975           53,975
 9   Approach Network S/B                              4,500            4,500
10   Arab Malaysian Merchant Bank Berhad              18,984           18,984
11   Architects Associates                           320,044          320,044
12   Arkitek Binarjaya                               220,180          220,180
13   Arkitek E.A S/B                                 280,306          280,306
14   Arkitek N. Kang                                  11,135           11,135
15   Arkitek Rekaria                                   1,955            1,955
16   B-Lee Architect                                  27,353           27,353
17   Baker Tilly Monteiro Heng                        35,000           35,000
18   Bena Teliti Enterprise                              173              173
19   Bendahari Negari Selangor                     1,994,918        1,994,918
20   Bendahari Negeri selangor - BB                5,888,333        5,888,333
21   Biscom Construction S/B                             796              796
22   Brilliant Channel Marketing Mgt                     700              700
23   BTM Security Services S/B                        42,731           42,731
24   C.S.LIM Construction & Trading                    1,339            1,339
25   CCS Electrical                                      495              495
26   Century Century Electric. Servc.                171,787          171,787
27   Chong & Rakan-Rakan Consulting                  270,080          270,080
28   Chong Yam Electric S/B                            4,310            4,310
29   Colliers Jordan Lee & Jaafar                     45,700           45,700
30   Crayon Creatives S/B                                180              180
31   De Ideal Renovation                               1,020            1,020
32   Deloitte Kassim Chan Tax Services                14,243           14,243
33   Delta Force Security Services Sdn Bhd            17,952           17,952
34   Docuprint Trading                                   307              307
35   DSP (M) Sdn Bhd                                  17,880           17,880
36   East Orient Consult                              27,057           27,057
37   EDP Consulting                                  804,977          804,977
38   Elecsys Powerline Sys. S/B                       41,240           41,240
39   Erinco Sdn Bhd                                   56,532           56,532
40   Europasia Engineering                            59,575           59,575
41   Fern Florist & Nursery                            8,400            8,400
42   Flora Damai S/B                                   3,106            3,106
43   Formgate Security Protection S/B                 23,413           23,413
44   Free Routes                                     581,171          581,171
45   Gagasan Teguh S/B                                 9,670            9,670
46   Gan, Ho & Razlan Hadri                              604              604
47   Geliga Semarak (M) S/B                            9,100            9,100
48   Geoplanner Consulting                            73,750           73,750
49   Gloden Channel Services                            550               550
50   Gloden Contribution                              22,600           22,600
51   Glory Construction                                3,621            3,621
52   Gra Architects Sdn Bhd                          207,945          207,945
53   Greenville Landscape                             68,690           68,690
54   H & B Enterprise                                    611              611
                      SCHEDULE G
                    Unsecured Creditors

               Name and Address of Creditors          Amount as per       Amount        Reason for
                                                      Management        Admitted as   Dispute Amount
                                                        Accounts       Owing Pending      (if any)
                                                                        Proof of Debt
                                                                          Exercise

                                                          RM                RM
 55   Har Soon Onn Construction                                2,279            2,279
 56   Hee Hock Piling S/B                                    230,828          230,828
 57   Henry Buther                                            18,097           18,097
 58   High Century S/B                                         1,542            1,542
 59   Hup Yee Engineering Works                               14,156           14,156
 60   Hup-Leck Electrical S/B                                119,404          119,404
 61   Hussein & Loh, Architects                              251,605          251,605
 62   In Project Resources                                   881,136          881,136
 63   Indah Water Konsortium Sdn Bhd                            672               672
 64   Intelbest Corporation Sdn Bhd                          494,881          494,881
 65   Itizam Bina Maju Sdn Bhd                                 6,000            6,000
 66   Jabatan Bomba Dan Penyalamat Malaysia                      100              100
 67   Jabatan Pengairan Dan Saliran Negeri Selangor           31,464           31,464
 68   Jabatan Perkhidmatan Pembetungan                      545,708           545,708
 69   James Chin Architect                                    32,709           32,709
 70   JB Bergabung                                            46,000           46,000
 71   Jernih Water Engineering                                   380              380
 72   Jinaco Jaya Security Services S/B                       10,757           10,757
 73   JTC Planners                                            85,540           85,540
 74   Jurukur Terra Consult                                  495,758          495,758
 75   Jururanccang Gemilang                                       60               60
 76   Jurutera Prima Selatan                                  32,000           32,000
 77   Jurutera TSSC Lim                                      630,086          630,086
 78   Kasuhada S/B                                             2,800            2,800
 79   Kawalan Keselamatan Perkasa                              7,043            7,043
 80   Kawalan Keselamatan Sentral (M) Sdn Bhd                 10,533           10,533
 81   KDEB : Bridging Loan Interest                        3,445,035        3,445,035
 82   KEB Builders S/B                                     3,119,442        3,119,442
 83   Kemudi Usaha Sdn Bhd                                    14,437           14,437
 84   Keuro Trading Sdn Bhd                                  497,752          497,752
 85   KF Gan Architect                                       161,331          161,331
 86   Khoo King Keat Trad.&Trans. S/B                          1,880            1,880
 87   Konajaya S/B                                           220,501          220,501
 88   KPD Security Services Sdn Bhd                            3,516            3,516
 89   KTL Sdn Bhd                                             77,539           77,539
 90   Kuero Leasing Sdn Bhd                                   56,357           56,357
 91   Kumpulan Darul Ehsan Berhad                        238,153,100      238,153,100
 92   Kumpulan Europlus Berhad                             1,742,467        1,742,467
 93   L & K Sdn Bhd                                           26,791           26,791
 94   Lebbey Sdn Bhd                                         101,452          101,452
 95   Lee Landscape                                           48,576           48,576
 96   Lembaga Jurukur Tanah Semenanjung                      306,792          306,792
 97   Leoh Builders S/B                                       18,759           18,759
 98   Letrick Bandar Hup Seng S/B                                825              825
 99   Letrik P.J. Union S/B                                    2,269            2,269
100   Lico Engineering Works                                  44,492           44,492
101   Lohamani Enterprise                                     11,540           11,540
102   Madani Security Services S/B                            37,097           37,097
103   Magnabina Construction                                   5,606            5,606
104   Maintenance Deposits/Amount recoverable              7,955,471        7,955,471
105   Majlis Bandaraya Johore Bahru                            2,994            2,994
106   Majlis Daerah Hulu Selangor                              2,204            2,204
107   Majlis Daerah Kuala Selangor                           627,342          627,342
                        SCHEDULE G
                      Unsecured Creditors

                Name and Address of Creditors               Amount as per       Amount        Reason for
                                                            Management        Admitted as   Dispute Amount
                                                              Accounts       Owing Pending      (if any)
                                                                              Proof of Debt
                                                                                Exercise

                                                                RM                RM
108   Majlis Perbadanan Subang Jaya                              4,081,991        4,081,991
109   Majlis Perbandaran Petaling Jaya                           3,369,819        3,369,819
110   Maju Jaya M & E Enterprise                                    20,030           20,030
111   Master Testing Services S/B                                   16,880           16,880
112   Master Waves S/B                                              88,676           88,676
113   Materials Testing Lab. S/B                                     1,123            1,123
114   Max Court Construction S/B                                    17,432           17,432
115   Maxisegar Construction Sdn Bhd                            21,191,345       21,191,345
116   Meche System S/B                                                 615              615
117   Medan Koleksi S/B                                            352,930          352,930
118   Media Base Advertising S/B                                     1,050            1,050
119   Media Signs Sdn Bhd                                            1,775            1,775
120   Microtac Bina S/B                                              1,461            1,461
121   MKSK Landscape                                                40,307           40,307
122   Monty Properties Sdn Bhd                                   1,700,000        1,700,000
123   Nazri Aziz & Wong                                              1,200            1,200
124   Ngee Hup Tinsmith                                                666              666
125   Nik James Ferrie Arkitek                                     294,714          294,714
126   Noble Existence                                              142,482          142,482
127   Nova Design Sdn Bhd                                            2,859            2,859
128   PA International Property Consultants (KL) S/B                19,352           19,352
129   Panacon Enterprise                                             3,231            3,231
130   Park World Recreation S/B                                    240,325          240,325
131   Pembinaan Destinasi Setia Jaya                                   402              402
132   Pembinaan KSJ                                                    561              561
133   Pembinaan Maharaya S/B                                        69,476           69,476
134   Pembinaan Maju Perkasa                                        53,018           53,018
135   Pembinaan Semesta Berjaya                                    165,680          165,680
136   Perbandaran Pengurusan Pandan Ville                           45,723           45,723
137   Perkasa Jati Holdings Sdn Bhd                                 27,333           27,333
138   Perniagaan Dan Perkhid. Elektri.                                 605              605
139   Perunding KPR                                                 23,029           23,029
140   Perunding LC                                                  63,064           63,064
141   Perunding OCS                                                181,673          181,673
142   Perunding Rekamaju                                               991              991
143   Project 33 Construction S/B                                3,473,636        3,473,636
144   Projet Malaysia Sdn Bhd                                      471,902          471,902
145   Pro-Landscape Structure S/B                                   14,540           14,540
146   Pro-Nature S/B                                                42,352           42,352
147   Provision for irritigattion cost - Batang Berjuntai        7,700,000        7,700,000
148   RCC Aerodata                                                  15,000           15,000
149   Red Force Security Services Sdn Bhd                           16,823           16,823
150   Refundable to Purchaser & others                             283,210          283,210
151   Reinforced Earth Mngt Servc.                                  19,249           19,249
152   Rira Bina S/B                                                411,657          411,657
153   SA Architects Sdn Bhd                                        100,061          100,061
154   Saga Fire Eng. S/B                                            20,000           20,000
155   Salam Kurnia Build. S/B                                       63,521           63,521
156   Sandar Bina S/B                                              372,901          372,901
157   SAP Holdings Berhad                                        4,233,404        4,233,404
158   Savechem S/B                                                   1,475            1,475
159   Security-Pro Protection & Security                            39,861           39,861
160   Semaian Intan Maju                                             1,650            1,650
161   Seniwisma Architects                                          93,673           93,673
162   Setech Engineering S/B                                        50,823           50,823
163   Sigma Jelas Engineers                                        123,723          123,723
164   SK Brothers Realty & General Services                          5,495            5,495
165   Solid Horizon S/B                                                220              220
                      SCHEDULE G
                    Unsecured Creditors

              Name and Address of Creditors              Amount as per       Amount        Reason for
                                                         Management        Admitted as   Dispute Amount
                                                           Accounts       Owing Pending      (if any)
                                                                           Proof of Debt
                                                                             Exercise

                                                             RM                RM
166   Sri Binaraya S/B                                          824,201          824,201
167   SST Kenanga Enterprise                                        238              238
168   Star CMS Security                                          20,759           20,759
169   Star Everest                                               65,635           65,635
170   Sugu Construction S/B                                      47,990           47,990
171   Syarikat Bekalan Air Selangor Sdn Bhd                     172,491          172,491
172   Syarikat Kejuruteraan Letrik Focus                         22,334           22,334
173   Syarikat Tukang Besi Chze Tong                              3,607            3,607
174   T & T Pacific S/B                                          15,464           15,464
175   Talam Corporation Bhd - Ultimate Holding Company      499,253,479      499,253,479
176   TCB Resources Sdn Bhd                                     317,818          317,818
177   Team Concrete Products                                    108,674          108,674
178   Techno Mills (M) S/B                                       19,590           19,590
179   Teh Suria Services Sdn Bhd                                 52,013           52,013
180   Teik Chee (Goh Khoay) S/B                                   8,500            8,500
181   Telekom Malaysia Berhad                                       288              288
182   Tenaga Nasional Berhad                                    201,280          201,280
183   Test S/B                                                    8,027            8,027
184   Three Link S/B                                                675              675
185   TIS Computer System S/B                                       370              370
186   TLST Sdn Bhd                                                  584              584
187   Tuah Design                                                 1,600            1,600
188   Ufuk Rata S/B                                              23,930           23,930
189   United Tractor & Earthwork                                 54,221           54,221
190   Universal Drillers S/B                                    135,599          135,599
191   Venue Venture Sdn Bhd                                     992,000          992,000
192   VS Viswa & Co                                              39,186           39,186
193   Wah Kiew Printing                                             370              370
194   WCT Engineering Bhd                                         3,935            3,935
195   Wong Chee Ming                                              5,550            5,550
196   Yao Seng Construction Works                                   565              565
197   Yap Yok Chun                                                1,210            1,210
198   Yeap & Yong                                                   640              640
199   Yek Seng Chow                                                 540              540
200   Yitson Enterprise                                             418              418
201   YL Adv Enterprise                                              70               70
202   Yong Mun Construction                                       4,525            4,525
                                                            849,090,200      849,090,200
                                       SCHEDULE H
                                  Partly Secured Creditors

Name and Address of   Particulars of     Nature of    Estimated Value    Amount        Amount
    Creditors         Security Held      Security     of Security Held   Owing to    Estimated to
                                                                         Creditors     Rank as
                                                                                      Unsecured
                                                             RM            RM            RM




                                            N/A
                     SCHEDULE I
                    Contingent Assets

Description of Assets                         Gross Assets   Estimated to
                                                               Produce
                                                  RM             RM




                                        N/A




                                                                            REFF : X10
                                                                                 SCHEDULE J
                                                                              Contingent Liabilities

                                   Name and Address of Creditor                                            Nature of   Gross Liability   Estimated to Rank for
                                                                                                           Liability
                                                                                                                            RM                   RM


Puchasers                                                                                                                  12,186,952

Provision for liquidation fees                                                                                               1,500,000

LAD - Puchasers                                                                                                            18,000,000

                                                                                                                           31,686,951


I hereby certify that the particulars contained in the above statement of affairs are true to the best
of my knowledge and belief.




Dated this…………day of……………………….., 20………..




                                                                                                         (Signature)…………………………………………….

				
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