JADI IMAGING HOLDINGS JADI IMAGING HOLDINGS BERHAD
Registration No.:200001023711 (526319-P)
ANNUAL REPORT 2022
TABLE OF
CONTENTS
- Corporate Structure
- Corporate Information
- Management Discussion and Analysis
6 Directors' Profile
- Profile of Key Senior Management
- Audit Committee Report
16 Statement To Shareholders
In Relation to the Proposed Renewal of Shareholders' Mandate for the Authority to the Company to Purchase Its Own Shares Up to Ten Per Centum (10%) of the Total Number of Issued Shares ("Proposed Renewal of Share Buy-Back Mandate")
27 Sustainability Statement
35 Corporate Governance Overview Statement
50 Statement on Risk Management And Internal Control
- Additional Compliance Information
- Statement on Directors'
Responsibility
In Respect of the Preparation of the
Financial Statements
56 Financial Statements
- List of Properties
- Analysis of Shareholdings
156 Notice of Twenty-First Annual General Meeting
Proxy Form
2 | JADI IMAGING HOLDINGS BERHAD | |
ANNUAL REPORT 2022 | ||
CORPORATE
STRUCTURE
Jadi Chemicals | ||
Sdn. Bhd. | ||
100% | ||
Jadi Imaging | ||
Technologies | ||
Sdn. Bhd. | ||
100% | Zhuhai | |
Jadi Life | ||
Jadi Imaging | ||
Solutions | ||
Technologies | ||
Sdn. Bhd. | ||
Co., Ltd. | ||
100% | ||
100% | ||
Jadi Imaging Holdings Berhad
Jadi Imaging
Supplies (US),
Inc.
100%
OUR VISION
To be an integrated company which provides solutions for the global imaging supplies industry.
OUR MISSION
Customer satisfaction in every decision.
JADI IMAGING HOLDINGS BERHAD | 3 |
ANNUAL REPORT 2022 |
CORPORATE
INFORMATION
BOARD OF DIRECTORS
Ong Gim Hai
Executive Director
Ling Chi Hoong
Independent Non-Executive Director
AUDIT COMMITTEE
Leow Wey Seng (Chairman)
Ling Chi Hoong (Member)
Tan Su Ning (Member)
REMUNERATION COMMITTEE
Leow Wey Seng (Chairman)
Ling Chi Hoong (Member)
Tan Su Ning (Member)
NOMINATION COMMITTEE
Ling Chi Hoong (Chairman) Leow Wey Seng (Member)
Leow Wey Seng
Independent Non-Executive Director
Tan Su Ning
Independent Non-Executive Director
COMPANY SECRETARIES
Tan Kok Siong
[SSM PC No. 202008001592 (LS0009932)]
REGISTERED OFFICE
No. 1, Jalan Peguam U1/25A
Seksyen U1
Hicom-Glenmarie Industrial Park
40150 Shah Alam
Selangor Darul Ehsan
Telephone No : (603) 7804 0333
Facsimile No. : (603) 7804 3211
SHARE REGISTRAR
Workshire Share
Registration Sdn Bhd
A1-2-2 Solaris Dutamas
No. 1, Jalan Dutamas 1
50480 Kuala Lumpur
Wilayah Persekutuan
Telephone No. : (603) 6413 3271
Dai ShuChun
Non-IndependentNon-Executive Director
PRINCIPAL BANKERS
Hong Leong Bank Berhad
Level 9, Menara Hong Leong
6, Jalan Damanlela
Bukit Damansara
50490 Kuala Lumpur
United Overseas Bank
(Malaysia) Bhd
2A Ground Floor
Wisma SunwayMas
Jalan Tengku Ampuan Zabedah C9/C
Section 9, 40100 Shah Alam
Selangor
AUDITORS
Baker Tilly Monteiro Heng PLT
Baker Tilly Tower, Level 10, Tower 1
Avenue 5, Bangsar South City
59200 Kuala Lumpur
Telephone No. : (603) 2297 1000
Facsimile No. : (603) 2282 9980
STOCK EXCHANGE
Main Market of Bursa Malaysia Securities Berhad
STOCK CODE
7223
4 | JADI IMAGING HOLDINGS BERHAD | |
ANNUAL REPORT 2022 | ||
MANAGEMENT DISCUSSION
AND ANALYSIS
CORPORATE PROFILE
Jadi Imaging Holdings Berhad ("the Company"), through its wholly owned subsidiaries ("the Group"), is a world- class independent toner manufacturer. The Group is principally involved in the development, formulation, and manufacturing of toners for laser printers, photocopiers, facsimile machines, and multi-function office equipment.
Founded in 1993, the Group is headquartered in Hicom-Glenmarie Industrial Park, Shah Alam, and has another factory in Klang, Selangor, Malaysia, where its main manufacturing and R&D facilities are located. It also has an overseas sales office and distribution centre located at Zhuhai, China.
BUSINESS AND OPERATIONS OVERVIEW
The financial year 2022 has been a challenging year for the Group with the COVID-19 pandemic adversely affecting economies all around the world. Lockdowns initiated by government has created supply shortages and supply chain disruption. The Group is now adopting a more prudent approach in managing sales and credit to its customers in order to mitigate credit risk at the expense of lower sales. The Ukraine war, which started in early 2022, will further exacerbate supply shortages leading to inflation and a possibility of global recession.
FINANCIAL REVIEW
Financial Indicators | 31 March 2022 | 31 March 2021 | Variance | |
Revenue | RM'000 | 43,060 | 45,092 | -4.51% |
Loss before tax | RM'000 | (7,890) | (1,708) | >100% |
Loss, net of tax | RM'000 | (7,866) | (1,849) | >100% |
Net assets per share | RM | 0.10 | 0.11 | -7.48% |
Total borrowings | RM'000 | 16,806 | 21,805 | -22.93% |
Debt equity ratio | % | 16 | 19 | -15.79% |
Revenue
For the financial year under review, there was a decline of 4.51% in the Group's revenue from RM45.1 million in the preceding year to RM43.1 million. This was partly due to the decreased of sales in China, which was impacted by the international logistics jams, the global chip shortages and lockdown in China that slowing down the demand of compatible cartridges.
Loss before taxation
The Group has recorded a loss before taxation of RM7.89 million as compared to the loss before taxation in the preceding year of RM1.7 million.
In the current financial year, the Group has recorded total inventories written off of RM5.6 million as compared to the stock write-off amounted to RM1.4 million in the previous financial year.
Gearing
The Group has recorded a total borrowing of RM16.8 million as of 31 March 2022 with gearing ratio of 16%, as compared to 19% in the previous financial year. It is in line with the Managements' direction to reduce the overall borrowings.
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Jadi Imaging Holdings Bhd published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 14:16:06 UTC.
