Sunday, May 1, 2011

FY2011 Q1 Personal

Have been a hectic quarter in 2011.

At first I thought we had a agreement to sell the company to another third party. However the other party kept on dragging its feet.

Finally in the CNY in Feb, I reduce the price by 13% to reflect inventory obsoletion in the Japanese blanks and less some consumption of inventory .

In Jan -busy with preaparing CNY - food for CNY eve and first day ( have to go to Chinatown to buy the foodstuff , market etc) , decorations (Chinatown and Garden) ,
- busy with trying to close the deal

In February - CNY

In March - Reservist 1st week and inventory counting, 2nd week cover InXX while employee went for Penang customer visit, 3rd week - own company 3 years revenue projection alignment meeting

In April - QBR,
RT (manage to pass after 4 weeks),
got new maid for my Mum,
clean up the old house to sell,
AS Enterprise AR filing ( no need to file income tax - FORM C waiver done already ), after consulting ACRA as we have no filed the AR for 4-5 years, if we file now, every year there will be a penalty. If we have the intention to close the company, we can strike off.
InXX - Calculate 10 months Financial

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