Annual Report (Complete) - MYCRON Steel Berhad

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Directors’ Report for the financial year ended 30 June 2010 The Directors hereby submit their report together with the audited financial statements of the Group and Company for the financial year ended 30 June 2010. PRINCIPAL ACTIVITIES The principal activities of the Company are investment holding and the provision of management services to its subsidiaries. The principal activities of the Group are manufacturing and trading of cold rolled steel sheets in coils. There have been no significant changes in the nature of these activities during the financial year. FINANCIAL RESULTS Profit/(loss) for the financial year Group RM 25,494,830 Company RM (4,839,741) DIVIDENDS There were no dividends declared or paid by the Company since 30 June 2009. The Directors now recommend the payment of final single tier dividend of 3.5 sen per share on 179,000,000 ordinary shares amounting to RM6,228,590 in respect of financial year ended 30 June 2010 which is subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company. The dividend amount payable is computed based on the Company’s issued and paid up capital as at 30 June 2010, excluding treasury shares held by the Company. RESERVES AND PROVISIONS All material transfers to or from reserves or provisions during the financial year are shown in the financial statements. DIRECTORS The Directors who have held office during the period since the date of the last report are: Tunku Dato’ Ya’acob bin Tunku Tan Sri Abdullah Tunku Dato’ Kamil Ikram bin Tunku Tan Sri Abdullah Dato’ Zulkifly @ Sofi bin Haji Mustapha Datuk Lim Kim Chuan Dato’ Abu Talib bin Mohamed Dato’ Narendrakumar Jasani a/l Chunilal Rugnath Azlan bin Abdullah Paul Chan Wan Siew Suhaimi bin Kamaralzaman (appointed on 23 Feb 2010) In accordance with Article 77 of the Company’s Article of Association, Tunku Dato’ Ya’acob bin Tunku Tan Sri Abdullah, Tunku Dato’ Kamil Ikram bin Tunku Tan Sri Abdullah and Dato’ Narendrakumar Jasani a/l Chunilal Rugnath retire at the forthcoming Annual General Meeting and, being eligible, offer themselves for re-election. In accordance with Article 83 of the Company’s Article of Association, Suhaimi bin Kamaralzaman, who was appointed to the Board subsequent to the date of the last Annual General Meeting, retires at the forthcoming Annual General Meeting and, being eligible, offers himself for election. pg 41 | Mycron Steel Berhad
Directors’ Report for the financial year ended 30 June 2010 (continued) DIRECTORS’ INTERESTS According to the register of Directors’ shareholdings, particulars of interests of Directors who held office at the end of the financial year, in shares, options over ordinary shares and warrants over ordinary shares in the Company and its related corporations are as follows: At 1.7.2009 Number of ordinary shares of RM1 each Bought Sold At 30.6.2010 Melewar Industrial Group Berhad (Holding company) Tunku Dato’ Ya’acob bin Tunku Tan Sri Abdullah - direct interest - indirect interest 320,000 87,787,132 - 320,000 (320,000) - - 88,107,132 Tunku Dato’ Kamil Ikram bin Tunku Tan Sri Abdullah - indirect interest 88,107,132 - - 88,107,132 Dato’ Zulkifly @ Sofi bin Haji Mustapha - indirect interest 88,107,132 - - 88,107,132 Datuk Lim Kim Chuan - direct interest 186,666 - - 186,666 Azlan bin Abdullah - direct interest 133,333 - - 133,333 Mycron Steel Berhad (the Company) Tunku Dato’ Ya’acob bin Tunku Tan Sri Abdullah - direct interest - indirect interest 550,000 110,825,866 - 550,000 (550,000) (815,100) - 110,560,766 Tunku Dato’ Kamil Ikram bin Tunku Tan Sri Abdullah - indirect interest 111,375,866 550,000 (1,365,100) 110,560,766 Dato’ Zulkifly @ Sofi bin Haji Mustapha - indirect interest 111,375,866 550,000 (1,365,100) 110,560,766 Datuk Lim Kim Chuan - direct interest 385,000 - - 385,000 Azlan bin Abdullah - direct interest 25,000 - - 25,000 pg 42 | Mycron Steel Berhad
Page 2 and 3: Contents Notice of Seventh (7th) An
Page 4 and 5: Notice of Seventh Annual General Me
Page 6 and 7: Chairman’s Statement On behalf of
Page 8 and 9: Chairman’s Statement (continued)
Page 10 and 11: Corporate Information Domicile : Ma
Page 12 and 13: Mycron Steel Berhad pg 11 | Mycron
Page 14 and 15: Quality Recognition pg 13 | Mycron
Page 16 and 17: Profile of Directors Tunku Dato’
Page 18 and 19: Profile of Directors (continued) Da
Page 20 and 21: Profile of Directors (continued) En
Page 22 and 23: Analysis of Shareholdings As at 15
Page 24 and 25: Analysis of Shareholdings As at 15
Page 26 and 27: Statement on Corporate Governance (
Page 36 and 37: Statement on Internal Control 1. In
Page 38 and 39: Statement on Internal Control (cont
Page 40 and 41: Audit Committee Report (continued)
Page 44 and 45: Directors’ Report for the financi
Page 46 and 47: Statement by Directors Pursuant to
Page 48 and 49: Income Statements for the financial
Page 50 and 51: Consolidated Statement of Changes i
Page 52 and 53: Cash Flow Statements for the financ
Page 54 and 55: Notes to the Financial Statements 3
Page 82 and 83: THIS PAGE HAS BEEN INTENTIONALLY LE
Page 84 and 85: FORM OF PROXY (please refer to the

Annual Report (Complete) - MYCRON Steel Berhad

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