The 10 Most Outstanding of E50 Award 2011 Announced!

KUALA LUMPUR, November 18, 2011:Tonight, in its 15th year of commencement, Small and Medium Enterprises Corporation Malaysia (SME Corp. Malaysia) and Deloitte Malaysia will honour the top 50 enterprises at the Enterprise 50 (E50) Award Programme 2011 Gala Dinner..

MITI Deputy Minister, Y.B. Dato’ Jacob Dungau Sagan will grace the Enterprise 50 Award Dinner. This Annual Event which is supported by the Ministry of International Trade and Industry, is held,at Kuala Lumpur Convention Centre (KLCC) where the E50 winners will be announced by rank and receive their awards.

E50 Award Programme 2011 is jointly organised by SME Corp. Malaysia and Deloitte Malaysia, with the support and sponsorship from RHB Bank Berhad, Telekom Malaysia Berhad (TM), Celcom Axiata Berhad, Business Times, Media Prima Berhad and Malaysia SME.

Every year, E50 recognises 50 Malaysian SME companies with high-performance and most potential that are well-positioned for the future, while promoting greater pursuit of excellence amongst local enterprises.

Since its inception in 1997, the E50 Award Programme has been acknowledged by industries as the prestigious and coveted Award that symbolises achievements in business and entrepreneurship. The Award has been successful in promoting and showcasing competitive and resilient enterprises, capable of facing global challenges in the true entrepreneurial spirit. The Programme has since able to enhance the visibility of a company, especially those that have shown resilience to withstand the economic uncertainties.

“This year we have received a total of 83 nominations from various industries. Although the manufacturing industry is still the most dominant sector, the percentage of nominations received from this industry decreased slightly. However, there was a noticeable increase in the number of nominations received from advertising industry, and logistics,” said Dato’ Hafsah Hashim, Chief Executive Officer, SME Corp. Malaysia.

50 winners have been selected from amongst the nominations received and the evaluation is based on key qualitative and quantitative criteria. During the quantitative analysis, focus was placed on the company’s financial performance, particularly on their liquidity and leverage ratios. Qualitatively, aspects such as internal and external strategy, asset efficiency, expectations and resource alignment were evaluated. As the scores were tabulated, the results were then presented to the independent panel of judges who then finalised the ranking.    

Dr. Nordin Zain, Executive Director of Deloitte Malaysia said “This is the eighth consecutive year that Deloitte has supported the Enterprise 50 Awards, and we are proud to join hands with SME Corp. Malaysia in promoting entrepreneurial spirits and encouraging a greater pursuit of excellence amongst the local organisations. This year, top winners are set apart from their peers in terms of their strategic posturing and operational finesse. I am pleased to note that these winners demonstrate a high degree of forward looking export oriented strategies with strong branding, while maintaining efficiency in their operation.”

Companies that made it to the prestigious top 10 list are Matrix Flavours and Frangrances Sdn Bhd, Starkiss Food Corporation Sdn Bhd, Natural Health Farm Marketing (M) Sdn Bhd, Wellness Concept (M) Sdn Bhd, Walta Engineering Sdn Bhd, Intralink Techno Sdn Bhd, Exis Tech Sdn Bhd, Pacestar Industries SdnBhd, Yinpolin Agriculture Sdn Bhd, and Gateway Option Sdn Bhd.

About SME Corporation Malaysia
SME Corporation Malaysia was established under the Small and Medium Enterprises Corporation Malaysia Act 1995 [ACT 539] on 2 October 2009. It was formerly known as the Small and Medium Industries Development Corporation (SMIDEC).SME Corp Malaysia assumes the task as the single dedicated agency to formulate overall policies and strategies for SMEs, and to coordinate programmes across all related Ministries and Agencies. SME Corp. Malaysia also focuses as the central point of reference for information and advisory services for all SMEs in Malaysia.

Our vision is to be the premier organisation for the development of progressive SMEs to enhance wealth creation and social well-being of the nation, with a mission to promote the development of competitive, innovative and resilient SMEs through effective coordination and provision of business support.

Among the functions of SME Corp. Malaysia are to coordinate SME policies and programmes, provide advisory and information, as well as to manage data and dissemination of information and research on SMEs. SME Corp. Malaysia also provides business support for SMEs and also assumes the role of the Secretariat to the National SME Development Council (NSDC), chaired by Y.A.B Prime Minister of Malaysia. For further information, please visit www.smecorp.gov.my.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/my/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte's approximately 182,000 professionals are committed to becoming the standard of excellence.

Deloitte Southeast Asia Ltd—a member firm of Deloitte Touche Tohmatsu Limited comprising Deloitte practices operating in Brunei, Guam, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam—was established to deliver measurable value to the particular demands of increasingly intra-regional and fast growing companies and enterprises.

Comprising over 230 partners and 5,300 professionals in 22 office locations, the subsidiaries and affiliates of Deloitte Southeast Asia Ltd combine their technical expertise and deep industry knowledge to deliver consistent high quality services to companies in the region.  

All services are provided through the individual country practices, their subsidiaries and affiliates which are separate and independent legal entities.

In Malaysia, services are provided by Deloitte KassimChan and its affiliates.

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