In years. In addition, the external auditor

Ina nutshell, Cybertower Berhad is a trading company that involved in developingand operating an Internet-based automatic vehicle locating system usingsatellite and wireless telecommunication solutions. We can conclude thatCybertower Berhad was listed in Practice Note 17 in 2013 because of its shareholders’equity of the company less than 25% of the issued and paid-up share capital ofthe company. In the same year, the Cybertower Berhad was also be listed inGuidance Note 3 companies as it has been incurred losses for two years. Inaddition, the external auditor of the company which is Siew Bong Yeong reported the suspicion about the company as a going concern. Deepinvestigation could not be done by the auditors as the computer servers were atUnited States.             As the performance of the CybertowerBerhad has been evaluated by the calculation of profitability ratio, liquidityratio, efficiency ratio and debt to equity ratio. It has been proved that thecompany’s performance before declared in Practice Note 17 and Guidance Note 3is more efficient.

After had been listed in PN17 and GN3, its performance hadbeen decline in the following year. Based on profitability ratio and liquidityratio, it shows the company performance is better in year 2012 compared to theother years. Nevertheless, the efficiency ratio said year 2013 is better than2012 and 2014. But debt to equity ratio shows the same result for all the 3years as there is no long term debt in the company.            Hence, Cybertower Berhad need tosubmit their proposal to the Approving Authority to restructure and revive thecompany in order to maintain the listing status in Bursa Malaysia.

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Moreover,there are some recommendations that may be can be done by the company in orderto sustain its business such as improve their current ratio because the highercurrent ratio, the more capable the company is paying its obligations.

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