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Contents
Corporate Information
4
Group Structure
5
Chairman’s Statement
6
Group Financial Highlights
9
Audit Committee Report
25
Statement on Risk Management & Internal Control
29
Corporate Events
32
Financial Statements
33
Proxy form
Our Vision
We aim to provide total satisfaction to customers
through high quality workmanship and services
by consistently applying the highest level of
technological know-how, quality and management
standards.
In essence, our aim is to consistently live up to our
guarantee on responsibility for safety and quality
of projects delivered.
In pursuit of our aim, we will strive to inculcate
among our staff a progressive, trustworthy,
honest and positive attitude. At the same time
provide them the best possible workplace with
an excellent, safe and pleasant environment that
makes work enjoyable and rewarding.
2
2
BINTAI KINDEN
KINDEN CORPORATION
CORPORATION BERHAD
BERHAD (290870-P)
(290870-P)
BINTAI
SHAH ALAM
No. 90, Jalan Kapar 27/89
Seksyen 27
Taman Alam Megah
40400 Shah Alam
Selangor Darul Ehsan
BRANCH
OFFICES
Tel : +603 5191 5505
Fax : +603 5191 5458
PENANG
17, 1st Floor, Jalan Perai Jaya 4
Bandar Perai Jaya
13700 Perai, Pulau Pinang
Tel : +604 390 9220
Fax : +604 397 9220
JOHOR BAHRU
No. 48-02, Jalan Molek 2/3
Taman Molek
81100 Johor Bahru
Johor Darul Takzim
Tel : +607 361 0379/1379
Fax : +607 361 2379
KOTA KINABALU
KUCHING
Lot No. 17-1, 1st Floor
Block B, Riverside Plaza
88450 Kota Kinabalu, Sabah
Lot 8.04, 8th Floor
Wisma Saberkas
Jalan Tun Abang Haji Openg
93000 Kuching, Sarawak.
Tel : +6088 439 592/596
Fax : +6088 422 060
Tel : +6082 410 895
Fax : +6082 420 398
annual report 2014
3
CORPORATE INFORMATION AS AT
15 AUGUST 2014
BOARD OF DIRECTORS
YBHG TAN SRI DATO’ KAMARUZZAMAN BIN SHARIFF
(Independent Non-Executive Chairman)
ONG PUAY KOON
(Executive Vice Chairman)
ONG CHOON LUI
AUDITORS
ONG BOON BAH & CO (AF 0320)
Chartered Accountants
B-10-1, Megan Avenue 1
189, Jalan Tun Razak
50400 Kuala Lumpur
Tel : +603 2163 0292
Fax : +603 2163 0316
REGISTERED OFFICE
YEN YEW WING @ YEN YEW MING
(Executive Director)
SHARIFAH KADNARIAH BINTI SYED AHMAD
(Independent Executive Director)
No. 430, Jalan Ipoh
51200 Kuala Lumpur
Tel : +603 4042 6233
Fax : +603 4042 1221
DATO’ ZAKRI AFANDI BIN ISMAIL
(Independent Non-Executive Director)
SHARE REGISTRAR
TORU TANIMOTO
(Non-Independent Non-Executive Director)
TRICOR INVESTOR SERVICES SDN BHD (118401-V)
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Tel : +603 2264 3883
Fax : +603 2282 1886
JOHARI BIN MOHD AKHIR
(Independent Non-Executive Director)
TOKUMOTO MASASHI
(Alternate Director to Mr Toru Tanimoto)
AUDIT COMMITTEE
DATO’ ZAKRI AFANDI BIN ISMAIL (Chairman)
TAN SRI DATO’ KAMARUZZAMAN BIN SHARIFF
JOHARI BIN MOHD AKHIR
NOMINATION COMMITTEE
TAN SRI DATO’ KAMARUZZAMAN BIN SHARIFF (Chairman)
DATO’ ZAKRI AFANDI BIN ISMAIL
JOHARI BIN MOHD AKHIR
REMUNERATION COMMITTEE
TAN SRI DATO’ KAMARUZZAMAN BIN SHARIFF (Chairman)
ONG CHOON LUI
JOHARI BIN MOHD AKHIR
COMPANY SECRETARY
NG LAI YEE (MAICSA 7031768)
Chartered Secretary
4
BINTAI KINDEN CORPORATION BERHAD (290870-P)
PRINCIPAL BANKERS
AFFIN BANK BERHAD
AMBANK (M) BERHAD
BANGKOK BANK BERHAD
BANK MUAMALAT MALAYSIA BERHAD
MALAYAN BANKING BERHAD
RHB BANK BERHAD
DBS BANK LTD.
THE BANK OF EAST ASIA, LIMITED
UNITED OVERSEAS BANK LIMITED
STOCK EXCHANGE LISTING
MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD
STOCK NAME : BINTAI
STOCK CODE : 6998
WEBSITE
www.bintai.com.my
GROUP STRUCTURE AS AT
15 AUGUST 2014
(290870-P)
100%
69.82%
100%
100%
100%
KEJURUTERAAN
BINTAI KINDENKO
SDN. BHD.
BINTAI KINDENKO
PTE. LTD.
BINTAI INTEGRATED
ENGINEERING &
CONSTRUCTION
SDN. BHD.
BINTAI TRADING
SDN. BHD.
BINTAI ASSET
HOLDINGS
SDN. BHD.
100%
100%
BINTAI PROPERTY
DEVELOPMENT
SDN. BHD.
BINTAI COTRADE
PETROLEUM
ENGINEERING
SDN. BHD.
100%
100%
BINTAI FACILITIES
MANAGEMENT
SDN. BHD.
BINTAI KINDENKO
ENGINEERING &
CONSTRUCTION
PTE. LTD.
100%
BINTAI KINDENKO
ENERGY
PTE. LTD.
100%
BINTAI KINDENKO
INDONESIA HOLDINGS
PTE. LTD.
100%
100%
BINTAI KINDENKO
PROPERTY
PTE. LTD.
BINTAI KINDENKO
PROPERTY
INVESTMENT
PTE. LTD.
100%
BINTAI KINDENKO
(VIETNAM) CO. LTD.
99.9%
BINTAI KINDENKO
MYANMAR COMPANY
LIMITED
67%
PT. BK INDONESIA
annual report 2014
5
CHAIRMAN’S STATEMENT
Dear Valued Shareholders,
On behalf of the Board of Directors
of Bintai Kinden Corporation Berhad
(“Bintai” or “Company”), I am pleased
to present the Annual Report of the
31 March 2014.
PERFORMANCE REVIEW
Financial Highlights
The Group registered a revenue of RM398.802 million Total Assets of the Group dropped to RM333.478 million
of 15.6% from RM344.796 million in the previous
year, on the back of an improved performance of the
specialised mechanical and electrical engineering year.
services segment and commencement of contribution
project in Bandar Baru Sentul, Kuala Lumpur.
2014 stood at RM57.916 million against RM62.015 million
The improved revenue has been offset by the increased
Due to an increased in borrowings of RM144.142 million
RM6.041 million against RM6.900 million in previous
year has been attributable to higher operating expenses, has reached 2.06 times against 1.86 times previously.
partly due to impairment of receivables.
6
BINTAI KINDEN CORPORATION BERHAD (290870-P)
CHAIRMAN’S STATEMENT
Business and Operational Review
Mechanical and Electrical Engineering Services
Mechanical and Electrical Engineering Services (“M&E”)
has always been the main contributor to the Group’s
revenue since its inception by the founder in 1973.
The M&E business had grew tremendously and the
status in the Kuala Lumpur Stock Exchange in year
1998.
(“BKPL”), a subsidiary company incorporated in
the Republic of Singapore, has been the major
contributor to the Group’s overall revenue despite its
sister company, Kejuruteraan Bintai Kindenko Sdn
Bhd (“KBK”) which concentrated its M&E business in
Malaysia. BKPL carries its M&E mainly in Singapore as
well as in Indonesia, Vietnam and Myanmar.
The main focus of BKPL’s projects were on property
development and construction sectors. However, the
Singapore’s construction industry is expected to slow
down in the near future and hence, BKPL is looking
forward to build a healthy project pipeline in infrastructure
projects in order to sustain its M&E business moving
forward. Amongst the current projects secured, Bedok
Mixed Development, Connexion Medical Hospital,
Downtown Line Stage 3 Contract, West Gate, Suntec
City and the Lee Kong Chian School of Medicine
projects are the major ones which constituted more
than 60% of the total contract sum.
In Malaysia, the M&E business remain competitive
in terms of pricing and feasibility. Nevertheless,
KBK, not only focusing on property construction
and development, but will also explore into other
opportunities such as oil and gas sector as well as
infrastructure based projects for future expansion
programmes. The main project currently secured by
which owns 50% of the overall total secured contract
sum of KBK.
within a short period of time. Thus, this development is
expected to contribute positively to the Group’s earnings in
INDUSTRY
TREND
AND
MANAGEMENT REVIEW
ECONOMIC
The Malaysian economy remains resilient despite a more
challenging external environment. Notwithstanding the better
global growth prospects arising from stronger recovery of
key advance economies, there remain downside risks,
Property Development and Construction
The property development and construction of The
comprises 2 blocks of 28 storey condominiums with
facilities by KBK is progressing well. The aforesaid
development is inspired by popular demand for
residential properties in the vicinity of Bandar Baru
Sentul in view of its strategic location that is near to the
city centre of Kuala Lumpur. It is also easily accessible
to public transport such as the Light Railway Transit
(“LRT”) which can link the community to the city centre
in interest rates. Given these uncertainties, the near term
challenges for Malaysia are to further enhance the resilience
of the domestic economy to achieve sustainable growth
macroeconomic management in 2014 will focus on pursuing
private-led growth and enhancing domestic resilience
through improving productivity and competitiveness of
the economy. In this regard, the Government will continue
to focus on issues such as promoting quality investment,
moving up the value chain, enhancing exports, increasing
annual report 2014
CHAIRMAN’S STATEMENT
productivity and innovation, strengthening human capital,
ACKNOWLEDGEMENT
help boost and enhance the economic growth in the country
that will create more opportunities for the Group to venture
into the M&E in construction as well as infrastructure based
projects.
On behalf of the Board of Directors, I would like to thank
the management and the staff for their invaluable effort,
commitment and dedication in their work for the Group
towards continuous achievement of the Group in the
M&E industry. Nevertheless, my heartfelt appreciation also
DIVIDEND
business associates and Government authorities for their
The Board of Directors does not recommend any payment
the Group.
OUTLOOK AND PROSPECTS
The current projects of the Group cover the regions of
Malaysia, Singapore and Indonesia. The Group will continue
to be proactive in seeking new opportunities in creating a
healthy project pipeline from the relevant construction and
infrastructure projects in the future.
Though it is important to sustain the business of the Group,
the Board of Directors are well aware that continuous
improvement in the quality of internal control including
risk management is also pivotal in running the business
successfully and systematically.
Barring unforeseen circumstances, the perspective for the
construction business will continue to grow which will also
lead to more opportunities for the M&E business in the
foreseeable future.
8
BINTAI KINDEN CORPORATION BERHAD (290870-P)
Also, I would like to thank Mr Sherman Lam Yuen Suen
and Dato’ Ang Liang Kim who have resigned recently for
their past effort and contribution towards the Company
which were of great value. Nevertheless, we also welcome
Puan Sharifah Kadnariah Binti Syed Ahmad to the Board
who has been appointed as an Independent Director and
subsequently redesignated to an Executive Director, since
she is playing an active role in the operational matters and
management activities of the Company.
Last but not least, thank you to all my fellow Directors for
their support, guidance and advice extended throughout
the year. We will continue to strive towards achieving an
YBHG TAN SRI DATO’ KAMARUZZAMAN BIN SHARIFF
Chairman
15 August 2014

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