A: Company Background The Crest Builder Group of Companies was founded in 1983 by Yong Soon Chow, a former engineer

with the Jabatan Kerja Raya (JKR). Spearheading with foresight, and armed with the expertise of his management artillery, the Managing Director successfully earmarked for the company, a niche and carved a name in the construction industry. It has been a steady journey towards the top, guided by a vision to create shareholders' value through prudent business policies, while emphasizing on quality and timely delivery of projects. With industry experience spanning two decades, the Group is a well-established player in the construction industry. It has a proven track record in infrastructure development, especially in the construction of roads and bridges as well as in the building development, such as hospitals, schools, universities, commercial as well as residential developments. Its parent company, Crest Builder Holdings Berhad was incorporated in Malaysia under the Companies Act, 1965 on 9th March 2002 as a public limited company. The Holdings company is principally an investment holding company and successfully undertaken a Corporate and Debt Restructuring Scheme which involved the listed the listing status of MGR Corporation Berhad (Special Administrators appointed) being transferred to Crest Builder Holdings Berhad upon completion on the restructuring exercise. CBHB was listed on the Main Board of the Bursa Malaysia on the 12th June 2003. Crest Builder Sdn Bhd is a registered as a Class A Contractor (PKK) with the Ministry of Entrepreneurial Development as well as in the G7 category with the Construction Industry Development Board of Malaysia (CIDB). Crest Builder has also obtained the prestigious ISO 9001:2000 Quality Management Systems Certification by UKAS and SIRIM QAS in 2002. Today, Crest Builder has diversified from its core construction business into other businesses. Construction aside, the Group's mechanical and electrical division offers a series of wide range of mechanical and services. The Group has also diversified into property development, of which the flagship development, 3 Two Square is in the heart of Petaling Jaya.

Vision And Mission Our Vision To Be The Preferred Organization of Choice By Our Partners and Customers. Our Mission To promote Cooperation - creating a strong network between ourselves and both upwards and downwards of the supply chain To achieve High Standards - providing the promised quality and achieving the zero-defect product To develop the Human Capital - our People are our most valuable assets To enhance Corporate Social Responsibility - we believe in giving back to the Community To enforce Corporate Governance - upholding the Company's values and protecting the stakeholders' interests To create the Brand - showcasing Crest Builder to the world To accomplish Market Leadership - to be the leader in the construction and property industry Corporate Structure The Group will continue to focus on the search for new construction projects and participate in suitable tenders that will be called. Continuous effort is taken to identify strategic measures for improving the Groups construction margins to ensure better contribution to the bottom line. Our core businesses are still in the field of Construction and Property Development. The M&E Services Division, under our wholly-owned subsidiary CB Tech (M) Sdn Bhd is progressively graduating to become one of the core businesses of the Group. Adding to the above, Property Management, which currently manages 3 Two Square, Car Park Management, which operates over 1,500 car parks in 3 Two Square as well as Project Management, acting as a subdivision of the Property Development Division are also contributing to the bottom line of the Group.

B: RATIOS COMPUTION Formula 2007 Liquidity Current Ratio Quick Ratio Receivables Turnover Inventory Turnover Profitability Profit Margin Asset Turnover Return On Asset(ROA) Return On Ordinary Shareholders' Equity(ROE) Earning Per Share(EPS) Solvency Dept to Total Asset Ratio Times Interest Earned Current Assets/Current Liabilities (Current Assets Inventories) / Current Liabilities Total Credit Sales / Average Accounts Receivable Balance Cost of Goods Sold/Average Inventory (Net Income/Sales) x 100 Net Sales/Average Total Asset Net Income/Total Asset Net Income/Shareholder's Equity Net Income-Dividend on Preferred Stock/Average Outstanding Shares Total Liabilities/Total Assets Earning Before Interest and Tax/Intrest Expenses 2.45 32.4 0.53 31.5 0.57 37.6 0.59 43.1 0.58 34.4 1.78 1.74 5.00 86.4 2008 1.45 1.44 4.77 52.2 Years 2009 1.73 1.72 5.30 77.5

2010 1.64 1.63 6.11 207.4

2011 2.17 2.16 6.19 225.0

11% 32.0 8% 15%

4.57% 10.0 3% 6%

3.33% 33.9 2% 5%

2.9% 21.8 2% 6%

5.9% 34.2 5% 11%

C: Result Analysis Liquidity Ratio Current Ratio Current Ratio is a measure of a company's ability to pay its short-term obligation. As we can see from the figure above the past 5 years Crest Builder Holding Sdn Bhd current ratio has been fluctuating from 1.78 (2007) decrease to 1.45 (2008) which is the lowest among the 5 years then it increase to 1.73 (2009) decrease to 1.64 (2010) then increase 2.17 (2011) it increases to the highest value among the 5 years at 2011. We can see that Crest Builder Holding Sdn Bhd able to pay its liabilities with the amount of asset the company have. Acid Test Ratio (Quick Ratio) Acid Test Ratio is defined as one measure of a company's ability to pay its current liabilities. It is different from the current ratio by excluding less liquid current asset such as inventory and prepaid expenses that take longer to convert to cash. As we can see from the figure above the past 5 years years Crest Builder Holding Sdn Bhd current ratio has been fluctuating from 1.74 (2007) decrease to 1.44 (2008) which is the lowest among the 5 years then it increase to 1.72 (2009) decrease to 1.63 (2010) then increase 2.16 (2011) it increases at the highest value among the 5 years at 2011. Crest Builder holding Sdn Bhd should be able to cover its short-term obligations with short-term asset. Receivable Turnover It is a measure of both quality and liquidity of account receivables. It indicate how often, on average , receivables are received and collected during the period. As we can see from the figure above the past 5 years Crest Builder Holding Sdn Bhd receivables turnover has been decreasing in 2007 to 2008 which is 5.00 to 4.77 but during the year 2009 to 2011 the value gradually increase from 5.30 to 6.19. As we can see that in the year 2011 was the highest value among the 5 year this mean that the company are able to collect credit sales efficiently but in the year 2007 has the lowest value which mean that the collection of credit sales are not as efficient as in 2011. Inventory Turnover It is define as how quickly the company are able to sell its merchandise inventory. A ratio showing how many times a company's inventory is sold and replaced over a period. Whether the company are doing a good job of controlling the amount of inventory available. As we can see from the figure above the past 5 years years Crest Builder Holding Sdn Bhd inventory turnover has been decreasing 86.4 (2007) to 52.2 (2008) and as for the rest of the year from 2009 to 2011 the inventory turnover ratio has been increasing from 75.5 to 225.0 which is the highest among the 5 years. As we can see that Crest Builder Holding Sdn Bhd are generating a strong sales at the year of 2009 to 2011 which create a high inventory turnover.

Profitability Profit Margin It measures how much out of every dollar of sales a company actually keeps in earnings. As we can see from the figure above the past 5 years Crest Builder Holding Sdn Bhd profit margin has been fluctuating from 11% (2007) decrease to 4.57% (2008) then it decrease to 3.33% (2009) decrease to 2.9 (2010) then increase 5.9% (2011) it increases to the highest value among the 5 years at 2011. Asset Turnover It is an efficiency ratio which tells how successfully the company is using its assets to generate revenue. As we can see from the figure above the past 5 years Crest Builder Holding Sdn Bhd asset turnover has been fluctuating from 32.0 (2007) decrease to 10.0 (2008) then it increase to 33.9 (2009) decrease to 21.8 (2010) then increase 34.2 (2011) it increases to the highest value among the 5 years at 2011. These shows that in the year of 2011 Crest Builder Holding Sdn Bhd is using it asset efficiently to generate revenue where as in the year 2008 was the lowest among the 5 year it show that, that year the company are not able to generate revenue as efficient as the other years. Return On Asset (ROA) ROA gives an idea as to how efficient management is at using its assets to generate earnings. As we can see from the figure above the past 5 years Crest Builder Holding Sdn Bhd ROA has been decreasing from 8% (2007) to 2% (2009) then it remain 2% (2010). In the year 2011 the value increase to 5%. We can see that Crest Builder Holding Sdn Bhd in 2007 are efficient in earning more money on less investment whereas in the year 2009 and 2010 where the ROA value is the lowest among the 5 year, the company need to invest in a lot more in order to receive money. Return On Ordinary Shareholder's Equity (ROE) Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested. As we can see from the figure above the past 5 years Crest Builder Holding Sdn Bhd asset turnover has been decreasing from 15% (2007) to 5% (2009). In the year of 2010 to 2011 the company receive an increase in ROE from 6% to 11%. As we can see that in 2007 the company generates 15% ROE this shows that the company is earning more income in each Ringgit Malaysia (RM) the common stockholder invest whereas in the year 2009 the percentage was the lowest among the 5 years and it show that the earning of income is low in each RM the common stockholder invest.

Earning Per Share The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. Solvency Debt to Total Asset Ratio It measure a company's financial risk by determining how much of the company's assets have been financed by debt. As we can see from the figure above the past 5 years Crest Builder Holding Sdn Bhd Dept to total asset ratio has been fluctuating from 2.45 (2007) decrease to 0.53 (2008) then it increase to 0.57 (2009) then it increase to 0.59 (2010) then decrease to 0.58 (2011). As we can see that in the year 2007 the company has the higest value among the other 5 years this shows that during that year the company are generating a lot of debt and therefore need to produce much more revenue in order to balance it out. In the year 2008 the company debt to total asset ratio is at its lowest among the 5 years this shows that the company are not generating a lot of debt as in 2007 this mean that the company does not need to generate revenue as much as in 2007. Times Interest Earned A metric used to measure a company's ability to meet its debt obligations. Ensuring interest payments to debt holders and preventing bankruptcy depends mainly on a company's ability to sustain earnings. cash. As we can see from the figure above the past 5 years Crest Builder Holding Sdn Bhd current ratio has been fluctuating from 32.4 (2007) decrease to 31.5 (2008) which is the lowest among the 5 years then it increase to 37.6 (2009) then increase to 43.1 (2010) then decrease 34.4 (2011). As we can see that in the year 2010 the value of time interest earned are at its highest this show that the company are able to pay its interest and dept that year efficiently. In the year 2008 the times interest earned are at its lowest so this mean that the company are not able to pay its debt and interest as efficient as in the year 2010.