Friday, August 04, 2006

Picture of Steven Yeam & Ferrari


There are some other photos too..

Check out
http://forum.lowyat.net/index.php?showtopic=321147&st=20


And here is a SYNer with Ferrari 360 modena...enough to make any guys quit his day job...and do Lampe Berger.

RZ CORPORATION SDN BHD 0464438-H

This was posted by Raul on lowyat. It shows the company's financial information from 2002 to 2004. Authenticity of the information is questionable, as I cannot verify it. It's up to the readers.

http://forum.lowyat.net/index.php?showtopic=321147&st=80

But what is interesting is, although the revenue goes up very high, the profit before tax is always very low. What this actually means?

Does this mean, the cost of goods is high, and thus, profit margin is low? No, it can't be, because MLM products prices are normally inflated.

The only answer, is that the bulk of money goes to the network. And the money will trickle down from the top guy Steven Yeam himself, to the bottom. And of course, like all other organisations, the small fishes at the bottom gets peanuts.

Definitely the bulk of the profit goes to the network itself, due to the high payout. But we should remember, Steven Yeam gets the most from this. It's as though he could get untaxable income straight out, because it's treated as expenses from DCHL point of view.

Lampe berger members, don't you get it? You guys are still working like slaves for Steven Yeam.

But another question is, does Steven Yeam pay taxes for his multi million income?

Company Name : RZ CORPORATION SDN BHD 0464438-H

Registration Date : 22-06-1998
Registered Addr : 109,JLN 12/14,PJ,SEL
Business Addr : LVL 1,MENARA HLA,3 JLN KIA PENG,KL
Object : MULTI LEVEL MARKETING
Authorised Capital : 5,000,000 Paid-Up: 5,000,000

FINANCIAL HIGHLIGHTS



31-12-2004 31-12-2003 31-12-2002
Fixed Assets (FA) : 763,957.00 970,717.00 539,656.00
Other Assets (OA) : 0.00 0.00 0.00
Current Assets(CA) : 28,464,547.00 21,769,897.00 9,728,443.00
Total Assets : 29,228,504.00 22,740,614.00 10,268,099.00




Current Liab (CL) : 19,884,919.00 19,210,919.00 8,099,866.00
Long-Term Liab(LTL) : 10,376.00 30,047.00 0.00
Total Liab (TL) : 19,895,295.00 19,240,966.00 8,099,866.00




Paid Up : 5,000,000.00 2,500,000.00 2,500,000.00
Share Prem/Reserves : 0.00 0.00 0.00
Rev & Other Reserves : 4,333,209.00 999,648.00 -331,767.00
Networth(NW) : 9,333,209.00 3,499,648.00 2,168,233.00
Total : 29,228,504.00 22,740,614.00 10,268,099.00








Turnover : 118,519,622.00 93,155,595.00 43,737,396.00
Profit Before Tax : 4,637,548.00 1,818,415.00 660,206.00
Profit After Tax : 3,333,561.00 1,331,415.00 673,206.00
P/L for the Year : 3,333,561.00 1,331,415.00 673,206.00