FCS Overdue as of 1st April 2018

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 FCS - POS LOGISTIK BERHAD (PLB)
(AGE CODE 1/2) Central 4
TOTAL
Credit Limit
No Account Name Account No Sales Territory OVERDUE Age 1 Age 2/3
(RM)
(RM ‘000)
10.00 (Payment made
1 POS LOGISTICS BERHAD-AFM KLIA 60150939 70,000.00 Sharizal 10.00 6th April. Account -
current)
95.86 (Payment
2 POS LOGISTICS BERHAD 1 52728382 896,000.00 Anuar 95.86 expected before
20th April)
1.4 (Late posted
3 POS LOGISTICS BERHAD 2 52728404 202,239.09 Sharizal 1.4 -
transaction 2016)
4 POS LOGISTICS BERHAD 52728412 370,000.00 Lim Kian Siew - - -

5 POS LOGISTICS BERHAD 3 59617055 14,000.00 Sharizal - - -

6 POS LOGISTICS BERHAD -LDW 59619333 490,000.00 Sharizal - - -

7 POS LOGISTICS BERHAD 60163879 1,072,760.91 Sharizal - - -

ISSUE / LAST AGREED ACTION:

As per last RBCCC : FCS to formally issue a demand letter to PLB Management by 26/02/2018 requesting for repayment commitment on the remaining OD amounting to
RM1.1M. If possible FCS to have a special meeting with PLB’s CFO to discuss on payment proposal way forward.

STATUS UPDATE
1. POS Logistics Berhad currently having financial constraint/tight cash flow due to collection problem (inter-company) from PROTON and other companies within DRB.
2. Both overdue account expected to be cleared by end of March 2018. This issue has been escalated to their DRB Group as delay in payment from PROTON had really
affected their cash flow, as they are unable to pay their 3rd party transporter.
3. FCS had met PLB’s CFO on 7/3/2017 to discuss on the payment issue.
4. Update payment:
a. For account no : 52728382 (PLB South), they made 3 multiple payment totaling to RM 377K in March. Remaining RM95 K expected to be before
20th April.
b. For account no: 60163879 (PLB Central), they have cleared previous OD of RM 1M on 23rd March.

AGREED ACTION

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 FCS - PENGANGKUTAN PELADANG TRG SDN BHD - 50081381
SALES IN-CHARGE: EASTERN AIMIE
Status of TAR Balance
Overdue (RM’000)
Total
Current
Balance As At TAR
(RM’000)
(RM’000) Total 1 mth 2 mths 3 mths 4-6 mths 7-12 mths > 12mths

- - -
28/02/2018 90.00 - 90.00 90.00
- -
- - -
31/03/2018 90.00 - 90.00 90.00
- -
- - 1.3 -
11/04/2018 75.00 - 75.00 73.7
-

ISSUE / LAST AGREED ACTION:

FCS to meet new Pengarah before 26/02/2018 and to explore on shorter DPA period i.e. 3- 6 months. FCS to ensure the customer on prepaid mode.

STATUS UPDATE
1. Customer is having cashflow issue as they have not received fund from Pertubuhan Peladang Kebangsaan (NAFAS) since Q4 2017 and requested for 10
months DPA to settle the outstanding amount
2. First payment of RM 11K receive on 15th February. Second payment of RM15k received on 28th March 2018.
3. The new management verbally agreed to signed the DPA, pending further advised from their legal. The DPA is expected to be signed by early May 2018.

AGREED ACTION

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 FCS - BIFORST LOGISTICS SDN BHD- 60000627
SALES IN-CHARGE: EASTERN AIMIE
Status of TAR Balance
Overdue (RM’000)
Total
Current
Balance As At TAR
(RM’000)
(RM’000) Total 1 mth 2 mths 3 mths 4-6 mths 7-12 mths > 12mths

-
28/02/2018 675.14 - 675.14 1.21 3.00 338.94 331.98
-
-
31/03/2018 675.14 - 675.14 1.21 3.00 338.94 331.98
-
-
11/04/2018 555.62 555.62 0.48 1.2 3.00 550.92
-

ISSUE / LAST AGREED ACTION:

FCS to further collaborate with CR team to resolve the repayment proposal. Any DPA request to combine with OD under CR (totaling RM1.0M) and only one
party to negotiate the DPA proposal way forward. The team to meet Biforst management to discuss on the proposal before 26/002/2018.

STATUS UPDATE
1. MIS has been approved on 19th March 2018 to proceed with DPA separately from CR. Subsequently, PDB & Bifrost already signed the DPA for 6 month.
2. The first cheque amounting RM120k received on 11th April.
3. The remaining amount of RM1.69k due to late posting will be offset with Customer Loyalty Points (CLP) by August 2018 which is the final DPA payment.

AGREED ACTION

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 FCS – KONSORTIUM BAS ESKPRESS SEMENANJUNG MALAYSIA SDN BHD (ACC : 50079662)
SALES IN-CHARGE:– CHIA LAM SIONG
Status of TAR Balance
Overdue (RM’000)
Total
Balance As Current
At TAR
(RM’000)
(RM’000) Total 1 mth 2 mths 3 mths 4-6 mths 7-12 mths > 12mths

- -
28/02/2018 574.24 - 574.24 1.38 572.86
- -
- -
30/03/2018 574.24 - 574.24 5.2 569.03
- -
- -
14/04/2018 574.24 - 574.24 5.2 569.03
- -
Payment term: M30 Credit Limit: RM855K Security: RM655K Risk Rating: 4
ISSUE
KBES was taken over by Arca Corporation on Feb 2016 due to it’s lost in business, they lost customers to Electronic Train Services (ETS), it switch to SmartPay
temporarily from Shell Skid Tank while applying new permit. Recently they suspected cards were abused and stop using it, and start using skid tank in August
2017. Overdue due to company cash flow constraint.

STATUS UPDATE
1. Meetings held on 21 August, 5 Sept , 12 Sept and 27 Sept between KBES’s CFO, COO and FCS to negotiate for payments.
2. On 27 Sept 2017, they have propose DPA of 3 payments Oct RM100K, Nov RM250K and Dec RM422K and agreed to use SmartPay in a email replied on 14
Sept 2017, volume around 50KL a month for bus traveling between JB and KL.
3. MIS has been approved and DPA has been signed by both PDB and KBES.
4. However after receiving 2 payment worth total RM 200 K (RM 100 K on 16th Nov and 29th Dec RM 100K), customer appeal to request new payment for DPA
until May 2018 (RM 100 K on monthly basis).
5. After failing to reach agreement with customer, FCS propose to liquidate customer BG RM 655 K which expires in June 2018. Customer then send an official
letter to MD requesting extension of DPA timeline.
6. Customer propose for DPA of six month. Paper already approved. Waiting for customer to renew BG before signing DPA agreement.

AGREED ACTION

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CONFIDENTIAL

FCS TAR OVERDUE > RM100K

COLLATERAL CREDIT TOTAL
COMPANY TOTAL TAR
No COMPANY NAME AMOUNT LIMIT OVERDUE Remarks as at 18/4/2018
ACCOUNT (RM’000)
(RM’000) (RM’000) (RM’000)

1st payment RM100K made on

SYARIKAT PGKUTAN BUMI 30th March (EFT). 2nd payment
1 60000767 200 1,360 971 280
PANTAI TIMUR SB RM180 on 9th April. Account is
current.

Receive first payment of RM

PANTRANS HAULAGE SDN 100K on 12th April. Remaining
2. 60019026 Nil 600 489 223
BHD target by 1st week May due to
late payment from their vendor

1st payment receive on 30th

PENGANGKUTAN HING HENG March (RM 100K EFT) , 2nd
3 50169709 60 500 427 196
LEE SDN BHD payment receive on 10th April
RM 96K. Account is current.

Payment made 31st March,

PDRM IBU PEJABAT DAERAH
4 22616 - 525 249 172 posted 4th April (RM 248K).
ALOR GAJAH
Account is current.

PDRM (P) - POLIS MARIN Receive payment on 4th April

5. 14192 - 180 363 117
SELATAN      (RM 272K). Account is current.

Receive first payment RM 20K

FD GEMILANG TRAVEL &
6. 60103450 - 200 112 112 on 5th April. DPA 5 month
TOUR SDN BHD
approve by SGM on 17th April

PDRM-IBU PEJABAT POLIS Payment made on 9th April

7. 23719 - 400 394 107
DAERAH PETA (RM285K). Account is current.

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CONFIDENTIAL

FCS TAR OVERDUE > RM100K

COLLATERAL CREDIT TOTAL
COMPANY TOTAL TAR
No COMPANY NAME AMOUNT LIMIT OVERDUE Remarks as at 14/3/2018
ACCOUNT (RM’000)
(RM’000) (RM’000) (RM’000)

PAN NATION LOGISTICS SDN Last payment made on 13th

8 60152532 - 200 220 106
BHD April. Account is current

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 OD above 3 month

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 COMPANY
No COMPANY NAME REGION >3MTHS REMARKS
ACCOUNT
Customer requested the BG not to be liquidated as they
still interested to use Smartpay. Customer paid RM5k on
1. 50738488 POHMIX SDN BHD EASTERN 67,038.56 30 March 2018 & promised to fully settle by May 2018.
Propose for CTOS blacklisting if no payment receive by
May 2018.
Contacted the new management but was told that its not
AUTOMOBILE ASSOCIATION OF AAM. Visited the premises but closed. Proposed to write
2. 102911 CENTRAL 1 50,679.97
MALAYSIA off. Case has been forwarded to RCMD for writing off
process.
Customer having financial issue. They agreed to go on
DPA and first payment expected to be done end of April
3. 60015810 UJI SAKTI SDN BHD NOR2 46,347.12
2018. DPA paper is awaiting for approval. Once approved,
we will acquire post dated cheques from customer.
Company is no longer in operation and BG liquidated on
4.
59621087 GENBINA SDN BHD CENTRAL 2 32,419.88 24/5/2017. Balance proposed for write off. 

Consistently making partial payment on weekly basis. Last

payment receive RM 2 K on 9 th April. We shall liquidate
5. 60015071 TIOMAN EXPRESS SERVICES CENTRAL 4 18,658.19
the cash deposit of RM10K when the amount due match to
the security deposit.
Customer facing financial issue. After several visitation,
they are yet to revert with payment plan. Meeting with
Scomi Rail new management next week. Next, to send
6. 50507982 SCOMI RAIL BHD CENTRAL 5 24,909.45
letter to Director Scomi Group regarding this overdue
payment and propose for CTOS if no agreement on
payment made by end of this month.
Currently consolidating supporting documents for CTOS
7. 119881 SYARIKAT KTJ ANGKUT SDN BHD EASTERN 22,856.20
blacklisting. Expected to complete by Apr 2018

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 COMPANY
No COMPANY NAME REGION >3MTHS REMARKS
ACCOUNT

Propose to liquidate customer BG of RM 25K expiring Sep

8. 129739 MULTI RANK SDN BHD SARAWAK 20,420.83
2018.

Still waiting for the  payment from their major client for the job
9. 60013427 GS EXPRESS LOGISTICS SDN BHD WESTERN 34,847.43 at Rapid, Penggerang site amounting RM 90K which has been
more than 5 month. Will make payment once receive payment

Amount overdue due to fraud dispute and customer not willing

10. 50046160 SOO CHEW HANG RICE SDN BHD CENTRAL 5 14,800.00 to pay. Propose to re-negotiate with customer for payment as
this is fraud case before proposing legal action to be taken.

Customer request to hold the security deposit liquidation

11. 60144270 CHINI AGROPARK SDN BHD EASTERN 11,000.00 (RM3K) as they promised to pay by May 2018. Propose for
CTOS blacklisting if no payment receive by May 2018.

12. 32573 MAJLIS DAERAH KINABATANGAN SABAH 46,084.84 Receive payment on 11th April. Account is current.
NORTHERN
13 60070021 CWC TRANSPORT SDN BHD 10,000 Receive payment. Account is current.
2

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 Thank you

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