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BRIEF BACKGROUND

PLATINUM BUSINESS AWARDS 2020 (formerly known as SME Recognition Award) is an annual award programme organised by the SME Association of Malaysia to honour SMEs and individuals for their outstanding achievements and contributions in their respective fields.
Launched in 2002, this Award programme is into its 19th consecutive year of Award Presentation. As one of the pioneering awards for SMEs in Malaysia,

PBA has gained extensive recognition among SMEs, the business community, and the public sector.
Beside showcasing the achievements of Malaysia’s top SMEs, this Award also provides a premium platform to benchmark the service/quality of SMEs, as well as enhance their intellectual properties and brand image in the global marketplace.

The integrity and quality of the Platinum Business Awards is jealously protected by the organisers, supported by a reputable independent auditor whose role is to assess, evaluate and shortlist the potential Award winners for final judging by a top-class Selection Committee comprising leading business personalities.

“RESURGENCE”

This year when the world is tested to the greatest extend, we at Platinum Business Awards will push on to celebrate phenomenal achievement and resilience from Malaysia’s greatest businesses!

The theme “RESURGENCE” tells the tale of the resurfacing of strength, versatility and bravery to voyage through the unsettling wave of world wide pandemic. We all chose the path of entrepreneurship where it defines the realism of our lives, hence shaping the entire society. Platinum Business Awards will always be the beacon of light where everyone of us stand together against all odds we can possibly imagine.

ENTRY ELIGIBILITY

  1. The company must be incorporated in Malaysia.
  2. More than 50.0% of the shares of the company are owned by Malaysians (except for Outstanding Achievers Award non-Malaysia category and ASEAN Enterprise Award).
  3. The company must not be a public listed company (except for Outstanding Achievers Award) or approved for public listing as of 15 September 2019.
  4. Less than 50.0% of the shares of the company are owned by a public listed company
  5. The company must be involved in legitimate businesses with annual gross turnover below RM200 million for the financial year ended 2019.
  6. For company with same owners, group proforma consolidated account is acceptable with the condition that the company or group should be in a single or similar business.
  7. The company must be in business for at least two (2) years

GUIDELINES FOR SUBMISSION

  1. Nominees may select their preferred award category, however, the judging panels have the prerogative to place the nomination in category that is of the best interests of the nominees. 
  2. All sections of the nomination form must be filled. Please indicate N/A where appropriate. 
  3. All information provided in the nomination form will be treated with full confidentiality.
  4. Completed nomination form must be attached with:
    • Latest two (2) years audited accounts (Year 2018, 2019)
    • Complete Forms 24 and 49 (or equivalent forms under the Companies Act 2016) 
    • Payment for processing fee of RM1500 each category

      (cheque payable to “SME MALAYSIA” )
       RHB Bank Berhad, Account No. 2-12312-0005892-0
    • Other relevant supporting documents or information deemed appropriate 
  5. The organiser does not undertake to return documents and/or supplementary material which are submitted along with the nomination form.
  6. Names of applicants, commentary and scoring information developed during the review of applicants are regarded as proprietary by the Award Committee and are kept strictly confidential. Such information is available only to those individuals directly involved in the assessment and administrative process.
  7. All attached documents has to be uploaded along with online submission by 1st December 2020:
    Attn : Ms Lim Cynthia
    PLATINUM BUSINESS AWARDS 2019
    SME ASSOCIATION OF MALAYSIA (SME MALAYSIA)
    (PPM-001-10-13071995)
    5 – 5, Jalan USJ 9/5 Q, Subang Business Centre,
    47620 Subang Jaya, Selangor D.E.Tel : 03-8024 5787, 8024 5737, 8023 0685
    Fax : 03-8024 1737
    Email : [email protected]
    Website : www.pbasme.com.my
  8. For inquiries, please contact the Secretariat
    Lim Cynthia (Mobile: 019 365 9681 )

Judging Criteria

A. BUSINESS AND COMPANY
  • History
  • Market positioning
  • Awards and accolades won
  • Unique strengths and selling proposition
  • Industry
  • Milestones and achievements
  • Patents/trademarks
  • Core business

 

B. COMPANY PHILOSOPHIES
  • Strategies for growth and evolution
  • Key management team
  • Culture
  • New initiatives embarked upon
  • Vision and mission

 

C. PRODUCTS, SERVICES AND MARKETS
  • Products and/or services range
  • Market size and market share
  • Distribution channels
  • Brand and design development
  • Customer relationship management plans
  • Spread and quality of customers
  • Overseas and local market ratio
  • Market development
  • Overseas representation
  • Pricing strategy
  • Process efficiency
D. OPERATIONS AND TECHNOLOGIES
  • Accreditations e.g. ISO
  • Research and development
  • Adoption of information communication technology
  • Quality of documentation e.g. operating procedures manual
  • Innovation
  • Human capital development

 

E. FINANCIAL PERFORMANCE
  • Operating profit before and after tax for the past 3 years
  • Profit and sales growth
  • Exports and local sales ratio
  • Return on capital employed
  • Profit and sales per employed

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