INTRODUCTION ON THE COMPANIES Were choosen the Fast Moving Consumer Goods (FMCG) under Food and Beverages industry in this group project which is consist of five companies as below – Fraser Neave Holdings Berhad Nestle Malaysia Berhad Cocoaland Dutch Lady Milk Industries Berhad Oriental Food Industries Holdings Berhad The above companies will be access based on the 2 years financial statement which is year 2016 and 2017 accordingly. At the end of the assessment, our group has agreed to choose Fraser Neave Holdings Berhad and Dutch Lady Milk Industries Berhad for the two selected companies which is good prospect for investment for future. Eventhough, the revenue of one of the selected company are dropping y-o-y based on the financial statement year ended September 2017. We will justify the significant event in this report after financial analysis has been accessed. Theoretical Discussions On Financial performance. Financial performance can be defined as the financial position for firms in their industries. According to Choi and Jung (2008), financial performance reflects a measurement from historical financial positions of companies. Firm performance is a term applied to an organisations conduct and activities over a period, with reference to cost efficiency and accountability. It is also used to determine any success or loss for firms. Financial performance is the monetary term for measuring firms operations and policies, and to assess financial conditions, income statements, and the balance sheets of companies (Adam, 2014). Firm performance can also reflect a firms values (Rouf, 2011). The effectiveness and efficiencies of a firms operations can be measured by financial performance (Neely, 2005). Firm performance is used to determine the success or loss for firms. According to Meigs (1978), analysis of a firms financial performance is the process of selecting, relating, and evaluating the firms operations, management, and decisions in monetary forms. Most corporate organisations measure their performance by analysing the sales-to-assets ratios, ROE, and ROA. For example, the study by Kabajeh, Al-Nuaimat, and Dahmash (2012) utilised firms financial performance ratios, which are ROA and ROE in their study. Bhunia, Mukhuti, and Roy (2011) used firm liquidity, solvency, profitability, and stability in the pharmaceutical sector to measure the weaknesses and strength of financial positions among public listed companies in India. They used the liquidity test, solvency, and profitability and accounting ratios in determining the financial performance. Fraser Neave Holdings Bhd (FN) reported lower income of RM323.37mil in the financial year ended Sept 30, 2017. Its announced that 2017 income fell 16 from RM385.37mil in 2016. Its revenue dipped nearly 1.6 to RM4.10bil from RM4.17bil. 2.0 COMPANY ANALYSIS FRASER NEAVE HOLDINGS BERHAD BACKGROUND OF THE COMPANY Founded by John Fraser and David Chalmers Neave in 1883, from whom our instantly recognizable initials FN has evolved into associate painting house complete and also the FN cluster nowadays is among the oldest, most recognised and most sure-fire businesses in Singapore and Malaysia with core experience and leadership within the Food Beverages, nutrient, Property and business enterprise amp Printing sectors. Listed on the Singapore securities market and Bursa Malaysia, Fraser and Neave, restricted and Fraser Neave Holdings Bhd put together operate in over twenty countries throughout Asia Pacific, Europe and also the USA, using regarding 10,000 individuals worldwide. As a complete that has been entwined among the nations material for over a century, FN enjoys a special place within the hearts of Malaysians, fulfilling its promise of Pure Enjoyment, Pure Goodness. In fact, nearly each Malaysian enjoys FN at some purpose, every day, because of its wide portfolio of merchandise. A key associated distinct person for FN is our ability to apace deploy an unequalled nationwide distribution system to make sure the generality of the brands and merchandise in marketplaces and townships throughout the length and breadth of Malaysias 329,750 sq. kilometre area. The enduring partnership with a robust distribution network of ancient and fashionable trade customers ensures a seamless flow of deliveries, stocks and inventories to their combined operations and repair of 90,000 retailers across Malaysia. The core strengths of our 133-year enterprise, specifically our vision, brands and merchandise, network, resources, and skill, is what distinguishes FN in delivering property performance and growth, consonant with the well-being of communities and also the setting, to fulfil our consumers gift and future expectations. The merchandise have glad the tastes and appetites of generations and that we can still deepen the reference to our shoppers and supply excitement and delight in bicycle-built-for-two with our complete promise of Pure Enjoyment, Pure Goodness. FN Beverages Marketing Sdn Bhd (Soft Drinks) Over 130 years, the FN whole 1st created its look within the kind of Associate in Nursing aerated water product. Today, the nutrient brands underneath the umbrella of the FN cluster became the popular thirst quenchers for numberless generations of Malaysians. Their multiple brands square measure leaders in most of their several segments and supply customers the countrys most comprehensive vary of sentimental drinks, line of work to each occasion. FN Beverages Marketing Sdn Bhd (FNBM) is Malaysias largest soft drinks distributor. The corporate operates four producing plants nationwide, together with its progressive facility at its headquarters in Shah Alam, Selangor. The company commenced operations in 1936 once Fraser and Neave, restricted secured the franchise of Coca-Cola in Singapore and Malaysia,FN Coca-Cola (M) Sdn Bhd (FNCC) was born as a results of this. The licencee agreement led to Sep 2011 and therefore the company was renamed as FN Beverages (M) Sdn Bhd. FNBM has glad the tastes and appetites of generations and that they can still deepen the reference to their customers and supply excitement and pleasure in bicycle-built-for-two with the whole promise of Pure Enjoyment, Pure Goodness FN Dairies (M) Sdn Bhd Dairy Products FNs dairy farm business grew out of a venture with fictional character Foods of Chicago, USA in 1959 with the development of Southeast Asias initial sugary milk plant in Petaling Jaya, Malaysia. The Carnation Company, also come from the America, joined the partnership in 1965 to make Premier Milk because the producing arm. This partnership well-tried enterprising as among that year, the extremely triple-crown milk was launched. In 1989, the cluster non inheritable the interests of fictional character Foods and restructured its dairy farm operations underneath FN Dairies (Malaysia) Sdn Bhd. It had been distended any with the acquisition of Magnolia in 1995. In 1998, the cluster commenced its change integrity business. In 2007, the corporate with success non inheritable the Tea Pot whole and also the licensing and distribution of the Carnation, Cap Junjung, and Ideal brands in Malaysia, marking the start of a brand new era of additional success for FN Dairies Malaysia in a very extremely competitive landscape. It is by no sheer coincidence that FN Dairies (M) Sdn Bhd is that the undisputed leader within the sugary milk and milk market, genuine to by the countless Malaysians of all walks of life UN agency relish their daily precious moments with a cup of teh Tarik or occasional, cakes or confectionery or the wide and delectable vary of Malaysian preparation made up of FNs broad vary of dairy farm product. Today, FN is one among the biggest producers of dairy farm product within the world, commerce to over forty countries worldwide, and a number one market player within the canned milk, change integrity milk and juice section with its sturdy portfolio of well-loved brands like FN, Tea Pot, Carnation, Ideal, Gold Coin, FN Magnolia, Farmhouse, Sunkist and flowering tree contemporary. FN Properties Sdn Bhd – Property FN Properties may be a business unit of Fraser Neave Holdings Bhd, shaped to unlock the worth of land non heritable and control by the corporate for several years. Their initial foray, the previous FN manufacturing plant land at Jalan Foss, has been developed into a spirited industrial spot these days known as the Fraser Business Park. The 12.72-acre web site that housed the Groups previous dairy farm mill in Section 13, Petaling Jaya, has been earmarked for AN integrated residential and industrial development encompassing flat blocks, a hotel, stores and workplace heaps with a complete gross development price of RM1.6 billion. The project, supported a complete life-style thought, is being undertaken by a venture (JV) company between FCL Centre purpose Pte Ltd (FCL), a wholly-owned subsidiary of Fraser and Neave Ltd (Singapore), and Fraser Neave Holdings Bhd. ECONOMIC ANALYSIS INDUSTRY ANALYSIS ACCOUNTING ANALYSIS 6.0 FINANCIAL ANALYSIS Fraser Neave Holdings Bhd – Evaluation of Targeted Companies Financial Performances Computation of Ratio (Remarks All calculations are located in Appendix) Liquidity Ratio Efficiency Ratio Leverage/Debt Ratio Profitability Du-Pont Analysis Market Performance Cash Flow Analysis CONCLUSION AND RECOMMENDATION REFERENCES AND APPENDICES Y, 4IsNXp
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