ln all my long years associated with the Koperasi,
either as Chairman or Director, I have the courage and conviction to
say that we are very transparent in administering our Koperasi. All
decisions and policies arising are made collectively by the Board of
Directors and then brought forward at the AGMs for members knowledge.
Our financial accounts are audited by the lnternal and External
Auditors yearly. Furthermore, the Suruhanjaya Koperasi Malaysia (SKM)
acting as a "Watch Dog", strictly supervises the activities and
administration of the Koperasi into complying with the various
Co-operative Acts. Hence, I can assure all members that our Koperasi is
"well and sound" and there is no room for any "hanky-panky".
To illustrate that our Koperasi is robust and strong, I wish to bring
you back to 1991, when we hit the RM one million mark in net profit.
That's a long 22 years. And since then, to our last audited accounts in
20t2, we have never missed hitting the one million (RM) target in our
net profits (except in 2002 where a RM967,207.00 net profit was made).
At the time this message is being delivered, I am pleased to inform you
that from our unaudited accounts for the financial year ending
31-12-2012, we have made a profit of RM 2.1
million and I can assure you that we can declare a higher dividend.
To consolidate further, our Koperasi in 2009 was awarded a 4-Star
ranking out of a maximum of 5 by the SKM after an intensive "Due
Diligence" Examination. Also in that same year, our Koperasi emerged
proudly with a ranking of 29 among the best 100 co-operatives in the
country. The icing in the cake came in 2011 when we were awarded the
"Anugerah lnovasi Dan Kreative" together with a monetary reward of
Our Koperasi has also applied to the SKM for payments of Bonus Shares
to all members. The SKM has replied that it would consider it after the
accounts for the financial year (20L2) has been audited and a Bonus
Share Redemption Fund has been created. We have duly instructed our
ExternaI Auditor to do the necessary for that purpose.
Thus far; serving as either Chairman or Director, has both been
challenging and satisfying. I hope that the in-coming and future
members of the Board of Directors have the dedication and passion to
bring the Koperasi to greater heights.
Lastly, I take this opportunity to thank all past and present members
of the Board, the staff and most importantly all the members for their
unwavering support and contributions to the Koperasi.
Dato' Tan Gin Soon