Notes To Unaudited Financial Statements For The
Period Ended 31st March 2001

(1) 	Accounting Policies
The accounts of the Group are prepared using the same accounting policies, method of computation and basis of consolidation applied in the preparation of this quarterly financial statements are consistent with those used in the preparation of the most recent annual financial statements and the accounting policies comply with approved accounting standards of the Malaysian Accounting Standards Board (MASB).

(2) 	Significant Events
There were no significant events occurring within the Group during the quarterly financial period under review.

(3) 	Exceptional Items
There were no exceptional items for the Group during the quarterly financial period under review.

(4) 	Extraordinary Items
There were no extraordinary items for the Group during the quarterly financial period under review.

(5) 	Taxation 
Taxation charged for the financial quarter under review comprise of:-

Current quarter	Year to date
RM’000		RM ‘000

       Current taxation		  	   -		     - 
					====		  ====

(6) 	Pre-Acquisition Profits
There were no pre-acquisition profits included in the operating profit for the quarterly financial period under review.

(7) 	Quoted Shares
There were no purchase or disposal of quoted shares for the quarterly financial period under review.

(8) 	Profit On Sale of Investments and/or Properties
There were no disposal of investments in the quarterly financial period under review. There were no sales of properties for the quarterly financial period under review.

(9) 	Changes in Composition of the Group
There were no changes in the composition of the Group during the quarterly financial period under review.

(10) 	Status of Corporate Proposals
There were no Corporate proposals announced or pending completion as at the date of this announcement.

(11) 	Seasonal or Cyclical Factors
The business operations of the Group were not materially affected by any seasonal or cyclical factors during the quarterly financial period under review.

(12) 	Equity Structure
There were no other issuance and repayments of debt and equity securities, share buy back, shares held as treasury stocks and resale of treasury shares for the quarterly financial period under review.

(13) 	Group Borrowings

RM (‘000)

Long Term Loan - Unsecured 	2,009			 
Short Term Loan - Unsecured 	2,096
Bills Payable – Unsecured	12,932
Bank Overdrafts
	- Secured	898
	- Unsecured	2,567
		------------------ 
       Total	20,502	
	------------------  

(14) 	Contingent Liabilities
The Company has issued corporate guarantee to financial institutions for banking facilities granted to certain subsidiary companies up to a limit of RM50.45 million. 

(15) 	Off Balance Sheet Financial Instruments
The Group does not have any financial instrument with off balance sheet risk as at the date of this announcement.

(16) 	Material Litigation
The Group does not have any material litigation as at the date of this announcement.

(17) 	Segmental Reporting
No segmental analysis is prepared as the Group is primarily engaged in the manufacturing of plastic products.

(18) 	Material Changes In The Quarterly Results Compared to the Results of the Preceding Quarter 
For the current quarter, the Group registered a pre-tax loss of RM0.783 million as compared to RM0.439 million pre-tax profit in the preceding quarter. The loss was mainly due to increases in higher operational cost and stiff competition in the market.

(19) 	Review of Performance of the Company and its Principal Subsidiaries
The Group for the current quarter recorded a turnover of RM9.52 million representing a decrease of RM0.65 million or 6% below the previous year. 
	
(20) 	Prospects for the Current Financial Year
Barring any unforeseen circumstances and taking into consideration the continuing competitive environment of which the Group is facing, the Board is of the view that the Group will however manage to improve its performance for the rest of the current financial year ended 31st December 2001.

(21) 	Variance on Forecast Profit
No profit forecast or profit guarantee is made in the quarterly financial period under review.

(22) 	Dividend
No decision is made regarding whether any dividend is to be declared as at the date of this announcement. 

By Order of The Board,

Sui Diong Hoe (MIA 3663)
Secretary

Date: May 24, 2001
KUALA LUMPUR