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Sime Darby & Ioi Corporation Essay

5451 words - 22 pages

Contents

❖ Introduction to Sime Darby Berhad

❖ Introduction to IOI Corporation Berhad

Financial Analysis

Liquidity Ratios - Current Ratio

- Quick Ratio

Leverage Ratios - Debt Ratio

- Debt Equity Ratio

- Times Interest Earned

Activity Ratios - Average Collection Period

- Fixed Asset Turnover

- Total Asset Turnover

Profitability Ratios - Gross Profit Margin

- Operating Profit Margin

- Net Profit Margin

❖ Conclusion

References

Appendix

Income ...view middle of the document...

After Pemodalan Nasional Berhad took over majority equityof the company in 1990, they renamed the business to GHPB. Its interests originally were in tropical agriculture but, while plantations have remained a core business interest, the company has diversified into other areas including glycerine manufacture, fruit juices and real estate. The group now has 83 subsidiaries based in seven countries. The main estate and plantations are Carey Island and Banting in Selangor.

Nationalization

In the late 1970s, just under half the equity in Sime Darby Holdings was acquired by Malaysian investors , mainly through Tradewinds (Malaysia) Sendirian Berhad. £146 million With the incorporation of two new Malaysian entities, Sime Darby Berhad (SDB) and Consolidated Plantations Berhad (CPB), Sime Darby moved its headquarters to Kuala Lumpur in December 1979 and became a Malaysian registered and managed concern. By 1983, the Malaysian equity stood at over 54%.

In 1981, the group became a wholly Malaysian-owned company after former Malaysian Prime Minister Mahathir Mohamad engineered a raid by Pemodalan Nasional Berhad to take over the group at the London Stock Exchange.

Guthrie Group was made a public company in 1987 and was subsequently listed on the Kuala Lumpur Stock Exchange (KLSE) in 1989 in what was then the largest public issue in Malaysia.

Merger

In January 2007, the three Malaysian giants, Sime Darby, Guthrie and Golden Hope merged into the vehicle entity named Synergy Drive. However, on 27 November 2007, Synergy Drive was renamed to Sime Darby Berhad. The merged entity of three Malaysian corporations is a diversified Malaysian multinational with a workforce of 104,300 employees. Its main businesses include plantations, property, motor, heavy equipment and energy & utilities which are expected to benefit from continued population growth and economic development within the Asia Pacific region and the global economy.

Sime Darby's non-core business units such as healthcare, insurance, and home products are grouped under its Allied Products and Services division (APS). Subsidiaries under APS include Sime Darby Medical Centre Subang Jaya (formerly known as Subang Jaya Medical Centre) (healthcare), Sime Alexander Forbes (insurance), and Dunlopillo Malaysia Sdn Bhd (home products). It also has a controlling share in the supermarket chain Tesco in Malaysia. Sime Darby is a multinational company, with more than 60 percent of the group’s revenue coming from abroad.

From the merger, Sime Darby became one of the world’s leading listed oil palm plantation groups. Sime Darby Berhad also has a significant presence in downstream palm oil activities. The merger also made Sime Darby a leading developer of residential and commercial communities. Furthermore it holds Caterpillar rights in 12 countries worldwide and distributorship and dealership of well known motor brands such as BMW. Sime Darby’s current President and Group Chief Executive is...

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