ajinomoto annual report

Topics: Board of directors, Corporate governance, Non-executive director Pages: 232 (32199 words) Published: November 14, 2013
AJINOMOTO (MALAYSIA) BERHAD Incorporated In Malaysia (4295-W)

AJINOMOTO (MALAYSIA) BERHAD (4295-W)

AJINOMOTO (MALAYSIA) BERHAD (4295-W)
Lot 5710 Jalan Kuchai Lama,
Petaling, 58200 Kuala Lumpur.
Tel

Annual Report

: 603 7980 6958

Fax

: 603 7981 1731

2013

Website : www.ajinomoto.com.my

Annual Report 2013

Contents
Corporate Information

2

Chairman’s Statement

3

Directors’ Profile

4 -9

Statement on Corporate Governance

10 - 17

Additional Compliance Information

18

Statement of Directors’ Responsibility in Relation to the Financial Statements

19

Statement on Risk Management and Internal Control

20 - 21

Audit Committee Report

22 - 26

Statistic of Shareholdings

27 - 28

Financial Highlights

29

Financial Statements

30 - 76

List of Properties

77

Notice of Annual General Meeting

78-82

Corporate Responsibility

83-94

Form of Proxy
New Product Packaging: TUMIX® Chicken Stock Seasoning and SERI-AJI® Tepung Goreng

Seasoned Flour

Corporate Information

DIRECTORS

General Tan Sri (Dr.) Dato’ Paduka Mohamed Hashim Bin Mohd. Ali (Rtd) (Chairman) Dato’ (Dr.) Teo Chiang Liang
Ryoichi Ebata (Chief Executive Officer/Managing Director)
Katsuhide Shirai
Koay Kah Ee
Daisuke Kon
Dominic Aw Kian-Wee
Dato’ Setia Ramli Bin Mahmud
Ryuji Ito
Kamarudin Bin Rasid
Azharudin Bin Ab. Ghani

BANKERS

Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad
Citibank Berhad
Malayan Banking Berhad
Standard Chartered Bank Malaysia Berhad

AUDITORS

Hanafiah Raslan & Mohamad

SOLICITORS

Lee, Ling & Partners

SECRETARY

Chua Siew Chuan (F)
(MAICSA 0777689)

REGISTERED OFFICE

Lot 5710, Jalan Kuchai Lama, Petaling, 58200 Kuala Lumpur
Tel: 603-7980 6958 Fax: 603-7981 1731

SHARE REGISTRAR

Securities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium, Jalan Damanlela,
Pusat Bandar Damansara,
Damansara Heights,
50490 Kuala Lumpur
Tel: 603-2084 9000 Fax: 603-2094 9940

STOCK EXCHANGE LISTING

Main Market of Bursa Malaysia Securities Berhad

2

Annual Report 2013

Chairman’s Statement

On behalf of the Board of Directors, I have great pleasure
in presenting the Annual Report of Ajinomoto (Malaysia)
Berhad for the financial year ended 31 March 2013.
RESULTS/PERFORMANCE
During the financial year, the Company was faced with a very challenging business environment, as raw material prices remained high and the continuing aggressive competition in the domestic market. The Company’s effort to increase efficiency and reduce waste contributed to mitigating the effects of high production cost, whilst continuous marketing efforts countered the effects of the heightened competition.

Despite the difficult circumstances, the Company managed to record sales of RM332.9 million for the year ended 31 March 2013, a 2.5% increase over the RM324.7 million achieved in the preceding financial year. Profit before tax was however lower at RM28.1 million compared with RM33.5 million in the preceding year, due mainly to higher production cost. During the financial year, the Company revived its television commercial for “AJI-NO-MOTO®” with the aim of promoting the quality and deliciousness of the product. The Company also continued with its promotional activities to increase customer awareness of “TUMIX®” in the market. In addition, a range of Corporate Social Responsibility (CSR) activities were organised to promote food & nutrition, social contribution, human development and environmental protection. Some of these activities include sponsorship of the “16 Navigators” charitable fundraiser under Yayasan Nanyang Press for the poor, the healthy living education programs for general public and students from universities , continuous training & development program for our staff and the ‘Smile Earth’ campaign...
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