MITRAJAYA HOLDINGS BERHAD (Company No
Total Page:16
File Type:pdf, Size:1020Kb
MITRAJAYA HOLDINGS BERHAD (Company No. 268257-T) 0 10 350 0 10 20 20 0 350 340 10 0 350 340 30 20 340 30 330 MITRAJAYA HOLDINGS 330 330 40 30 40 320 320 320 0 10 40 0 10 20 50 350 20 50 310 340 310 30 310 30 50 330 40 40 60 60 300 320 300 50 300 50 60 BERHAD 310 60 70 60 70 290 290 0 290 300 0 30 70 30 70 70 (Company No. 268257-T) 330 280 80 280 80 0 30 60 290 0 30 60 80 80 30 280 80 30 60 300 60 280 60 270 270 90 90 90 90 90 90 90 90 90 90 270 270 270 120 120 120 100 100 100 120 120 120 260 260 260 120 120 150 150 150 100 100 100 | 260 260 150 150 150 180 180 180 240 240 110 110 110 100 100 ANNUAL REPORT 201 260 260 150 150 150 250 250 250 250 250 210 210 110 110 110 120 120 120 180 180 180 110 110 240 240 250 250 130 130 130 240 240 240 120 120 120 230 230 140 140 140 120 120 240 240 220 220 230 230 230 150 150 150 130 130 130 210 210 130 130 160 160 160 200 200 170 170 170 230 230 220 220 220 190 190 180 180 180 MITRAJAYA HOLDINGS BERHAD 7 140 140 140 140 (Company No. 268257-T) 140 210 210 210 220 220 150 No. 9, Blok D, Pusat Perdagangan Puchong Prima, 150 150 150 150 200 200 Persiaran Prima Utama, Taman Puchong Prima, 200 160 160 210 210 190 190 47150 Puchong, Selangor Darul Ehsan. 190 170 170 160 160 160 180 180 180 200 Tel : (603) 8060 9999 200 170 170 170 190 190 180 180 Fax : (603) 8060 9998 180 E-mail : [email protected] www.mitrajaya.com.my ANNUAL REPORT 2017 002 Mitrajaya In The News 023 Sustainability Report 062 Reports And Financial Statements 003 Corporate Information 044 Corporate Governance 170 Shareholding Analysis 004 Corporate Structure Statement 173 Warrantholding 005 Board of Directors 052 Audit Committee Analysis Report 006 Directors’ Profile 176 List Of Properties 055 Nomination And 008 5 Years Financial 181 Notice Of Annual Highlights Remuneration Committee Report General Meeting 010 Chairman’s Statement 057 Statement On Risk Form Of Proxy 012 Management’s Management And Discussion And Internal Control Analysis 060 Other Information contents MITRAJAYA HOLDINGS BERHAD ANNUAL REPORT 2017 MITRAJAYA IN THE NEWS 002 ANNUAL REPORT 2017 MITRAJAYA HOLDINGS BERHAD CORPORATE INFORMATION Board of Directors General Tan Sri Ismail Tan Sri Dato’ Seri Mohamad Bin Hassan (R) Noor Bin Abdul Rahim Independent Non-Executive Chairman Independent Non-Executive Director Tan Eng Piow Ir Zakaria Bin Nanyan Group Managing Director Independent Non-Executive Director Foo Chek Lee Roland Kenneth Selvanayagam Executive Director Independent Non-Executive Director Cho Wai Ling Executive Director SECRETARY PRINCIPAL BANKERS SOLICITORS Leong Oi Wah ABSA Bank Limited (South Africa) Joseph Ting & Co. (MAICSA No. 7023802) Al Rajhi Banking & Investment Suite 12, 13 & 14, Corporation (Malaysia) Bhd 6th Floor, IOI Business Park, AmBank Islamic Berhad No.1, Persiaran Puchong Jaya REGISTERED OFFICE AmBank (M) Berhad Selatan, No. 9, Blok D, CIMB Islamic Bank Berhad Bandar Puchong Jaya, 47170 Pusat Perdagangan Puchong Hong Leong Bank Berhad Puchong, Prima, Hong Leong Islamic Bank Berhad Selangor Darul Ehsan. Persiaran Prima Utama, HSBC Amanah Malaysia Berhad Taman Puchong Prima, Malayan Banking Berhad Lio & Partners 47150 Puchong, Maybank Islamic Berhad B-9-4, Setia Walk, Selangor Darul Ehsan. OCBC Al-Amin Bank Berhad Persiaran Wawasan, Tel : (603) 8060 9999 OCBC Bank (Malaysia) Berhad Pusat Bandar Puchong, Fax : (603) 8060 9998 RHB Islamic Bank Berhad 47160 Puchong, United Overseas Bank (Malaysia) Selangor Darul Ehsan. Berhad AUDITORS Tee Bee Kim & Partners Baker Tilly Monteiro Heng No. 21-4, Jalan PJU 1/42, SHARE REGISTRAR (AF 0117) Dataran Prima, Baker Tilly MH Tower, Tricor Investor & Issuing House 47301 Petaling Jaya, Level 10, Tower 1, Avenue 5, Services Sdn Bhd Selangor Darul Ehsan. Bangsar South City, Unit 32-01, Level 32, Tower A, Van Der Merwe Du Toit 59200 Kuala Lumpur. Vertical Business Suite, Avenue 3, Bangsar South, Brooklyn Place, No. 8, Jalan Kerinchi, Cnr Bronkhors and Dey Streets, 59200 Kuala Lumpur. Brooklyn, Docex 110 Pretoria, Tel : (603) 2783 9299 Republic of South Africa. Fax : (603) 2783 9222 STOCK EXCHANGE LISTING Main Market of Bursa Malaysia Securities Berhad Stock Name : MITRA Stock Code : 9571 003 MITRAJAYA HOLDINGS BERHAD ANNUAL REPORT 2017 CORPORATE STRUCTURE MITRAJAYA HOLDINGS BERHAD Company No. 268257-T 100% 100% 100% 72% 100% Mitrajaya Pembinaan Mitrajaya Skyway Daya Development Mitrajaya Homes Development Asfalt Sdn Bhd Sdn Bhd Sdn Bhd Sdn Bhd Sdn Bhd 100% 60% 100% 100% Mitrajaya Warisan Kemajuan Kina-Bijak Dutawani Sdn Bhd Sekim Baru (formerly known as Sdn Bhd Sdn Bhd Mitrajaya Equipment Sdn Bhd Resource Sdn Bhd) 100% 60% Centennial Leo Vista March Sdn Bhd Sdn Bhd 100% 100% 100% 100% Awana Primaharta Prisma Development Sdn Bhd Sdn Bhd Mitrajaya Maha-Mayang SA (Pty) Ltd Sdn Bhd 60% 100% 35% Eminent Mitrajaya Earnings Maha-Mayang Development Sdn Bhd Quarry SA (Pty) Ltd Sdn Bhd 100% Kyalami & Mitrajaya Civil Engineering Construction 100% (Pty) Ltd 100% Property Development Blue Valley Kyalami & Golf & Country Mitrajaya SA (Pty) Ltd Club (Pty) Ltd Quarry Operations Others 004 ANNUAL REPORT 2017 MITRAJAYA HOLDINGS BERHAD BOARD OF DIRECTORS Sitting (from left to right): Tan Eng Piow (Group Managing Director) General Tan Sri Ismail Bin Hassan (R) (Independent Non-Executive Chairman) Foo Chek Lee (Executive Director) Standing (from left to right): Ir Zakaria Bin Nanyan (Independent Non-Executive Director) Roland Kenneth Selvanayagam (Independent Non-Executive Director) Tan Sri Dato’ Seri Mohamad Noor Bin Abdul Rahim (Independent Non-Executive Director) Cho Wai Ling (Executive Director) 005 MITRAJAYA HOLDINGS BERHAD ANNUAL REPORT 2017 DIRECTORS’ PROFILE GENERAL TAN SRI ISMAIL BIN HASSAN (R) Independent Non-Executive Chairman General Tan Sri Ismail Bin Hassan (R), aged 75, was appointed as an Independent Non-Executive Director of Mitrajaya Holdings Berhad (“MHB”) on 9 August 2000. He was appointed the Chairman of the Company on 26 November 2009. He is a member of the Audit Committee and the Nomination and Remuneration Committee. He is also a Director of Pembinaan Mitrajaya Sdn Bhd. He graduated from the Universiti Sains Malaysia with a Bachelor of Social Sciences Degree (Hons in Politics). In the Military Professional Education, Tan Sri Ismail graduated from Command and General Staff College, Fort Leavenworth, Kansas, USA (on Commandant’s List) in 1975, from Joint Services Staff College Canberra, Australia, in 1982 and he is also a graduate of the National Defense University, Washington, DC, USA in 1987. Later he was inducted into the NDU International Fellows Hall of Fame, in recognition of outstanding achievement accorded to the graduates of the University who had achieved the highest rank/ appointment in their respective Service. Prior to joining MHB, Tan Sri Ismail has served as a Commission Officer in the Malaysian Army for 36 years and he held many key appointments at Field Command, Training Command and the Ministry of Defence levels before retiring as Chief of Army in December 1997. Currently, he also holds directorships in Simbiotik Ventures Sdn Bhd and Alfa Venture Sdn Bhd. TAN ENG PIOW Group Managing Director Tan Eng Piow, aged 64, was appointed as Group Managing Director of MHB on 9 September 1994. He is one of the founding members of Pembinaan Mitrajaya Sdn Bhd. He holds a Bachelor of Civil Engineering (Honours) degree from University of Malaya, which was obtained in 1977. He is also a Member of the Institution of Engineers Malaysia. He began his career as Works Engineer with Jabatan Kerja Raya – JKR (Public Works Department) from 1977 to 1979. From 1980 till 1985, he was a Project Manager with Perkuat Kuari Sdn Bhd (Quarry Operation). He has over 35 years of extensive technical and management experience in the construction industry and has been actively involved in the management and operations of the MHB Group. He also oversees the Group’s development, growth and expansion. FOO CHEK LEE Executive Director Foo Chek Lee, aged 63, was appointed a Director of MHB on 1 August 1995. Currently, he is an Executive Director of MHB. He is also the Managing Director of Pembinaan Mitrajaya Sdn Bhd. He graduated from University Technology Malaysia in 1978 with a Bachelor of Civil Engineering (Honours) degree. Prior to joining MHB, he served with Jabatan Kerja Raya (Public Works Department) for a period of 14 years. He last served as Assistant Director of Roads, JKR Kelantan Darul Naim from 1989 to 1991, after which he joined Pembinaan Mitrajaya Sdn Bhd as General Manager. He has over 35 years of extensive technical and management experience which includes all aspects of civil engineering construction and project management. He is a board member of Construction Industry Development Board (CIDB) and NIOSH Certification Sdn Bhd. He also serves as President of Master Builders Association Malaysia and Council Member for both International Federation of Asian and Western Pacific Contractors’ Associations (IFAWPCA) and Asean Constructors Federation (ACF). CHO WAI LING Executive Director Cho Wai Ling, aged 45, was appointed as an Executive Director of MHB on 1 September 2014. She graduated from University of Malaya in 1998 with a Bachelor of Accountancy (Honours) degree and has been a member of the Malaysian Institute of Accountants since 2001. She started her career with MHB in 1999 as an Executive in the Finance & Accounts Department and rose from rank and file to managerial position and in 2005 was promoted to Group Finance Manager.