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Ict Zone Asia Berhad (Malaysia)

Main Activities: Offices of Other Holding Companies
Full name: Ict Zone Asia Berhad Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

The Company was incorporated on 28 January 2019. ICT solutions provider based in Malaysia. They rent, lease and trade ICT solutions to privaye corporations, as well as their Channel Partners and Strategic Partners for their onward rental, lease or sale of ICT solutions to their customers in the government associations and private corporations. Further, they also provide maintenance and technical support services to their customers to support the use of the ICT solutions. The company history can be traced back to 2000, when the Managing Director and CEO of the company, Lim Kok Kwang and the Non-Independent Non Executive Chairman of the company, Datuk Ng Thien Phing incorporated ICT Zone Holding (then known as NTP World Marketing Sdn Bhd). At that time, ICT Zone Holding was involved in the trading of audio-visual equipment to private corporations.
ICT Zone was subsequently incorporated in 2001 by Datuk Ng Thien Phing and another shareholder, Hoo Geok Choong (who is no longer a shareholder of ICT Zone since 2006). ICT Zone remained dormant until 2003, when Lim Kok Kwang and ICT Zone Holding became shareholders. ICT Zone commenced its business in the trading and short-term rental of ICT hardware (such as computers, laptops, printers, projectors and related peripheral devices) and software (such as
operating system and application software). Our customers at that time were mostly private corporations and retail consumers.
In 2004, the company began to secure sales from their Channel Partners for their onward sale or rental to end-user customers in the government sector. They secured our first order from Starza Corporation Sdn Bhd, a Channel Partner to the end-user customer in the government sector in 2004. Later, they secured sales from other Channel Partners in subsequent years. Since then, the company began to focus on expanding their customer base of private corporations and Channel Partners, and ceased selling to retail consumers. As volume from our trading of ICT solutions segment grew, the company were recognised as an Appointed Reseller by one of the Principals (whom we obtain our supplies of ICT hardware), Hewlett-Packard (M) Sdn Bhd, in 2009.
Realising the opportunities in the ICT solution long-term rental business, the company began to venture into long-term rental of ICT solutions. In order to facilitate this, ICT Zone Ventures was incorporated to establish, manage and operate ICT Zone Ventures Scheme in 2010. The ICT Zone Ventures Scheme provided the capital to finance and support our long-term rental of ICT solutions business. In the same year, some of their Channel Partners, namely Starza Corporation Sdn Bhd, Juricco Holding Sdn Bhd (then known as Belia Wawasan Holding Sdn Bhd) and Haynik Holding Sdn Bhd (then known as Haynik Mobile Venture Sdn Bhd), became the company Strategic Partners when the company signed strategic partnership agreements with them to provide the company with the exclusive rights to finance, supply and deliver ICT solutions to end-user customers in the government sector.
To facilitate the company Proposed Listing, they set up ICT Zone Asia in 2019 to consolidate their business under the ICT Zone Asia Group. ICT Zone, ICT Zone Ventures and Techfin Capital (currently a dormant company) were acquired on 22 November 2019. In February 2020, the Company launched their e-commerce platform, www.komputermurah.my, to expand their customer base to include retail consumers and third-party resellers.
The Keymilestone / Achievement for the Group as follow :
2001 - ICT Zone was incorporated
2003 - ICT Zone commenced business in the trading and short-term rental of ICT solutions to private corporations and retail consumers.
2004 - ICT Zone began securing sales from Channel Partners, i.e. Starza Corporation Sdn Bhd
2009 - The Company were recognised as Appointed Reseller by Hewlett-Packard (M) Sdn Bhd
2010 - Ventured into long-term rental of ICT solutions
2010 - ICT Zone Ventures was incorporated
2010 - ICT Zone Ventures signed strategic partnership agreements with Starza Corporation Sdn Bhd, Juricco Holding Sdn Bhd (then known as Belia Wawasan Holding Sdn Bhd) and Haynik Holding Sdn Bhd (then known as Haynik Mobile Venture Sdn Bhd) to become our Strategic Partners.
2011 - Launched Interest Scheme 1 and raised RM2.1 million of investments in the first year
2012 - Converted Interest Scheme 1 from a conventional interest scheme to Shariah-compliant interest scheme
2013 - Ventured into leasing of ICT hardware and software when ICT Zone Ventures was registered with Bank Negara Malaysia to offer leasing and factoring services under Section 21(1) of the Financial Institution Act 1989
2014 - Launched Interest Scheme 2 and raised RM70,000 in investments in the first year
2014 - The Company were recognised as Appointed Reseller by Dell Inc.
2015 - The Company were recognised as Appointed Reseller by Lenovo Group Limited
2019 - ICT Zone Asia was formed
2019 - Acquisitions of ICT Zone, ICT Zone Ventures and Techfin Capital
2020 - Launched e-commerce platform, www.komputermurah.my
The Company's principal activity are other business support service activities and investment holding.

Headquarters
Ground Floor, Block H, Excella Business Park, Jalan Ampang Putra
Kuala Lumpur; Federal Territories; Postal Code: 55100

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Website: http://www.ictzone.asia

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2019
Key Executives
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Chairman
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Chief Executive Officer
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Chief Operating Officer
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Secretary
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Secretary
Ownership Details
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19.22%
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2.87%
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Subsidiaries
Haas Techonolgies Sdn Bhd
58.25%
Company Performance
Financial values in the chart are available after Ict Zone Asia Berhad report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net sales revenue
-1%
Total operating revenue
-1.2%
Operating profit (EBIT)
164.56%
EBITDA
88.75%
Net Profit (Loss) for the Period
163.42%
Total assets
30.69%
Total equity
45.06%
Operating Profit Margin (ROS)
10.85%
Net Profit Margin
4.95%
Return on Equity (ROE)
3.12%
Debt to Equity Ratio
32.77%
Quick Ratio
0.11%
Cash Ratio
0.15%

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