Share This

Public company info - Ritamix Global Limited , 01936.HK

Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Ritamix Global Limited, 01936.HK - Company Profile
Chairman Lee Haw Yih
Share Issued (share) 500,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Agricultural, Poultry & Fishing Production
Corporate Profile Business Summary: The group is a Malaysia-based company principally engaging in (i) distribution of animal feed additives and, to a lesser extent, human food ingredients; and (ii) manufacturing of animal feed additives premixes. Performance for the year: The group’s profit for the year decreased by approximately RM2.2 million or 13.8% from approximately RM15.9 million for the year ended 31 December 2018 to approximately RM13.7 million for the year ended 31 December 2019. Business Review During the Track Record Period, the group sourced over 300 brand products from over 70 suppliers of different brand names to promote and distribute their products in Malaysia. The group also produced over 150 own brand animal feed additives premixes for sales in Malaysia and overseas. The group’s Group started out as an animal feed additives distributor in 1982 and subsequently tapped into the manufacturing of animal feed additives premixes after acquiring the manufacturing plant from BASF in 2007. During the Track Record Period and up to the Latest Practicable Date, the group had a diversified product portfolio of over 450 products, approximately 67% of which are brand products sourced from suppliers while the remaining 33% are comprised of the group’s own brand products. The group have been primarily serving in the agricultural industry in Malaysia for over 37 years. For the group’s distribution business, the group offer a wide range of animal feed additives including amino acids, vitamins, minerals, enzymes and phytogenic ingredients produced by some of the largest chemical and feed ingredients companies of international brand names. The group’s Group has further diversified the group’s product portfolio to include human food ingredients such as baking soda, minerals, hydrocolloids, emulsifiers and vitamins since 2004. As at the Latest Practicable Date, the group’s product portfolio had more than 300 brand products sourced from over 70 suppliers from Europe, the United States and China, 16 of which have entered into distribution agreements with us as at the Latest Practicable Date. For each of the three years ended 31 December 2019, revenue attributable to distribution of brand products sourced from the abovementioned 16 suppliers amounted to approximately RM29.6 million, RM33.6 million and RM33.2 million, respectively, representing approximately 27.4%, 26.1% and 26.4% of the group’s total revenue for the respective years. During the Track Record Period, the group’s Group principally focused on identifying, sourcing and distributing quality products from renowned international chemical and feed ingredients companies to customers including feedmills, integrators, home mixing farms and distributors in Malaysia through the group’s proprietary sales channel. For the group’s manufacturing business, the group possess a manufacturing plant installed with a seven-storey automated mixer to sieve, weigh and homogenise the group’s own brand animal feed additives premixes in accordance with different formulae. The group provide customised services to customers by formulating premixes with specific dosage and combination of ingredients that fit the group’s customers’ needs to, among others, improve fertility and livability of poultry, strengthen egg shell and colouring properties of egg yolks and improve feed conversion rate of livestock. During the Track Record Period and up to the Latest Practicable Date, the group produced over 150 own brand animal feed additives premixes. During the Track Record Period, 69.9%, 64.3% and 62.3% of the group’s total revenue was generated from the distribution business of brand products sourced from suppliers while 30.1%, 35.7% and 37.7% of the group’s total revenue was generated from the group’s own brand products produced by the group’s manufacturing plant for each of the three years ended 31 December 2019 respectively. Approximately 86.1%, 87.9% and 85.7% of the group’s total revenue during the Track Record Period was contributed by sales of animal feed additives while the remaining 13.9%, 12.1% and 14.3% was contributed by sales of human food ingredients for the respective year. The group’s Directors are of the view that the group’s continuous success depends on, among others, (i) the group’s capability to cultivate relationships and build close rapport with the group’s suppliers and customers; and (ii) quality services and product solutions delivered by the group’s experienced sales and technical team. The group have established a solid customer base with over 700 customers during the Track Record Period and up to the Latest Practicable Date. The group’s Directors believe that such well established customer base created an edge for the group’s Group to partner with some of the renowned international chemical and feed ingredients companies in distributing their products in Malaysia. During the Track Record Period, procurement from suppliers was generally made on a transaction basis through individual purchase orders. In view of enhancing the partnership with the group’s suppliers, the group have also entered into distribution agreements with them for the sales of animal feed additives and human food ingredients in Malaysia. The group’s Directors are of the view that the 16 distribution agreements entered into with the group’s suppliers as at the Latest Practicable Date signify the group’s solid relationships with the relevant suppliers. The group’s Directors consider that the group’s solid partnership with suppliers enables us to secure stable and sufficient supplies to satisfy the group’s customers’ demand which in turn solidify the group’s market position in the industry. The group also offer certain own brand product ranges such as LUTAMIX, POWERMIN and GRAINPHOS to the group’s customers. The group offer customised animal feed additives premixes to customers after consulting with them and understanding their specific needs and requirements in farming practice. The group also produce standardised products for sales in Malaysia and overseas. As at the Latest Practicable Date, the group have entered into a distribution agreement with Customer H and a customer from India who is responsible for promoting and selling the group’s own brand products in the Philippines and Chennai of India. Prospects: The group’s primary objective is to strengthen the group’s market position in the animal feed additives market by (i) building a new manufacturing plant to increase the group’s production capacity and further develop the group’s manufacturing business; (ii) enhancing the diversity of the group’s product portfolio through strategical merger, acquisition and business collaboration; (iii) establishing an in-house laboratory to provide testing services to customers; (iv) installation of ERP system and supporting software for the group’s operation; (v) strengthening the group’s sales and marketing efforts for future growth; and (vi) expanding the group’s workforce and fleet to support the group’s business expansion.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.