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Ray Go Solar Holdings Berhad (Malaysia)

Main Activities: Offices of Other Holding Companies
Full name: Ray Go Solar Holdings Berhad Profile Updated: August 04, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The company was incorporated on 13 February 2019 under the Act as a private limited company under the name Ray Go Solar Holdings Sdn Bhd. On 16 June 2021, Ray Go Solar was converted to a public limited company and assumed its present name. Ray Go Solar is an investment holding company and is seeking a listing on the LEAP Market of Bursa Securities.
The Ray Go Solar Group is a solar PV solutions provider principally involved in providing solar PV solutions. As a solar PV solutions provider, engaged in the provision of:
EPCC services such as the design and engineering; procurement and supply of materials and equipment; construction, assembly, installation and integration; testing and commissioning; and training in solar PV systems; and
maintenance services of solar PV systems installed by the Group.
Milestones and Key achievements:-
2012 - RGS EPC was incorporated under the name of Rich Gold Solar (M) Sdn Bhd to venture into the solar PV business.
2013 - Began the business operations offering installation of solar PV systems to residential buildings.
2014 - Secured first EPCC project for industrial and commercial building from Milleon Extruder Sdn Bhd. This project was to design and build a 504.00 kWp solar PV system with a contract value of RM5.60 million.
2015 - Registered as a PV services provider under SEDA Malaysia’s new policy.
- Became a subcontractor for the provision of installation services
2016 - Expanded EPCC services for the NEM and SELCO schemes.
- warded income tax incentives by MIDA for green technology industry to benefit from income tax exemption.
- RGS EPC was awarded the right to use the “MyHIJAU Mark†on PV system design from Malaysia Green Technology Corporation, which is an official green recognition endorsed by the Government.
2017 - Completed first NEM solar PV project with a capacity of 100.00 kWp from Becker Industrial Coatings (M) Sdn Bhd.
2018 - Raised RM1,374,840 in capital funding through the ECF Exercise.
- RGS EPC registered as an electrical contractor with the Energy Commission for providing electrical operations for our own EPCC projects.
2019 - RGS EPC changed to its present name on 8 August 2019
- RGS EPC obtained BS EN ISO 9001:2015 certification from NQA for our quality management system for the provision of supply, providing solutions and installation of roof-mounted solar PV system.
2020 - RGS EPC obtained approval from MyIPO for the registration of trademark.
- RGS Power was incorporated with the intention to venture into solar leasing business under the SARE programme. As at the LPD, it is still a dormant company.

Headquarters
36-1, Jalan Jasmin 3, Bandar Botanik
Klang; Selangor; Postal Code: 41200

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Website: http://raygosolar.com

Basic Information
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 Operating Officer
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Director/Member of the Board
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Secretary
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Secretary
Ownership Details
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80%
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20%
Subsidiaries
Ray Go Solar Power Sdn Bhd
100%
Company Performance
Financial values in the chart are available after Ray Go Solar Holdings 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
70.93%
Total operating revenue
70.26%
Operating profit (EBIT)
270.15%
EBITDA
147.02%
Net Profit (Loss) for the Period
497.2%
Total assets
2.07%
Total equity
4.49%
Operating Profit Margin (ROS)
3.6%
Net Profit Margin
3.08%
Return on Equity (ROE)
5.02%
Debt to Equity Ratio
-29.48%
Quick Ratio
0.33%
Cash Ratio
0.04%

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