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HING YIAP GROUP BERHAD

COMPANY BACKGROUND

The company employs approximately 1,500 employees in total both in manufacturing as well as marketing. The manufacturing plant produces about 750,000kg of fabric a year & approximately 3.5 million pieces of garment per annum using state-of-the-art equipment imported from Germany and Japan. The marketing company on the other hand sells about 7 million pieces of apparel a year; in its own label as well as international labels in the territories of Malaysia, Singapore and Brunei. A vertically integrated organisation, Hing Yiap’s operations cover textile manufacturing, garment making, wholesaling, retailing, distributorship, franchising and sub-licensing within a synergistic group of complementary businesses.

Today the Hing Yiap Group comprises its parent company, Hing Yiap Group Berhad and its subsidiaries, Hing Yiap Trading Sdn Bhd, Antioni Sdn Bhd, Bontton Sdn Bhd, B.U.M. Marketing ( Malaysia ) Sdn Bhd, Diesel Marketing Sdn Bhd, VFUSA Marketing Sdn Bhd and BUMCITY Sdn Bhd. 

BOARD OF DIRECTOR

CEO

KHOO HENN KUAN

Senior Independent Non-Executive Director

Y.BHG. PROF. EMERITUS DATO’ DR. KHAIRUDDIN YUSOF

Independent Non-Executive Director

LEE CHAING HUAT

Independent Non-Executive Director

Y.BHG. TAN SRI DATO’ AHMAD BIN MOHD DON

COMPARATIVE ANALYSIS FOR HING YIAP GROUP

FOR THE YEAR ENDED 30 JUNE 2011

BALANCE SHEET

| |Changes |% | |Assets | | | |Non-current asset | | | |Property |(1623809) |(7.98) | |Intangible asset |(160000) |(2.10) | |Investment in an associate |- |- | |Investment held in trust |(2800000) |(1.00) | |Investment in bond |(921805) |(45.26) | |Deferred tax asset |(1063424) |(56.30) | | |(6569038) |(19.06) | |Current assets | | | |Inventories |18585550 |31.12 | |Investments in bonds |1003700 |100 | |Trade and other receivables |3469100 |22.51 | |Tax recoverable |1227129 |204.24 | |Cash and bank balances |(15316164) |(95.92) | |...
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