Delima Case Aummary Essay
Delima Case Aummary
Delima Enterprise was founded in 1981 by Encik Zayed. It conducted trading and supplying related products including manpower supplies to the oil and gas industries. In 2004, the enterprise was incorporated as Delima Enterprise Sdn. Bhd. Encik Zayed as the Managing Director and his wife Puan Hashimah as the Chief Operating Officer managed the company. The other personnel were Puan Balqis as the Operation Manager and Encik Salam as the Human Resource and Administration Manager. Both of them were family members of Encik Zayed and Puan Hashimah with only secondary school background and likewise Encik Zayed and Puan Hashimah.
As the company was incorporated as Delima Enterprise Sdn. Bhd. the company expand their business operation into provision of engineering services. Their mission was to become a leading service contractor and provide quality and excellent services. In May 2006, the company had employed Cik Amy as Finance Executive. She was responsible for maintenance of the accounting and financial matters, including the preparation of accounts. Subsequently, in May 2006, the company had secured a contract worth RM 750,000 to be implemented a duration of six months.
However, due to shortage of funds, the company had submitted applications to Maybank and CIMB Bank Berhad for banking facilities totaling RM 1 million. The banks required the company’s Audited Financial Statements for the last two years. This was when Encik Zayed realized that the company had never been audited. Therefore, his friend had introduced an audit firm and shortly after, Aziz & Co. was engaged to perform audit and to be completed as earliest as possible to meet the bank’s requirement.
University/College: University of Chicago
Type of paper: Thesis/Dissertation Chapter
Date: 30 December 2016
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