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Cicada Portfolio 2008


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  • 1. cicadadesignportfolio
  • 2. • annual reports • brochures • corporate advertising • corporate identities • commemorative publications • direct mailersportfolioour • sales promotion materials • packagingFueled by passion and driven by creativity, our team of professionals arearmed with the necessary expertise to help you achieve your business • copywritingobjectives. Our diverse portfolio of clients - from construction andlogistics to the healthcare and technology sectors - is testimony to it all.So count on us to deliver quality and cost-effective solutions that are cicada design pte ltdattuned to your every need. telephone :: (65) 6338 4988 fax :: (65) 6338 8176 email :: address :: 237B East Coast Road Singapore 428930
  • 3. Client: Client: Stamford Land Corporation Ltd SIng Holdings Pte Ltd Work Done: Work Done: Annual Report Annual Report grandeur defining ANNUAL REPORT 2007/08Defining 2 Stamford Land Corporation Ltd ANNUAL REPORT 2007/08 ANNUAL REPORT 2007/08elegance Chairman’s Message Stamford Plaza Adelaide lifestyle Stamford Plaza Melbourne Stamford Grand North Ryde Defining Stamford Plaza Brisbane 200 Cantonment Road #09-01 Southpoint, Singapore 089763 Tel: (65) 6236-6888 Fax: (65) 6236-6250 Contents Chairman’s Message 2 Company Registration No.: 197701615H Board of Directors 8 Stamford Land Corporation achieved creditable results Our other major property developments are still under Corporate Information 10 with net profits rising by 28.7% to $42.9 million from construction and revenue from pre-sold apartments are Corporate Structure 11 $33.4 million in the previous financial year. This is not recognised under Australia’s accounting regulations. Five-Year Group Financial Summary 12 due mainly to the enhanced performance of our hotel Operations Review 14 segment that saw higher occupancy and room rates. In view of our good performance, the Board is Hotel Portfolio 20 Revenue per available room for the Group’s eight hotels recommending a tax-exempt one-tier Final Dividend and Shareholder Calendar 24 posted a healthy 6.7% increase. Special Dividend of 1.5 cents per share and 1.0 cent per Corporate Governance Statement 25 share respectively, with total payout amounting to about A strong Australian economy and the continued boom $21.6 million. This is on top of the Interim Dividend of cover Property Portfolio of the Stamford Land Group 36 in the resources sector boosted demand for hotel 1.5 cents per share that was paid out in March this year. Financial Statements accommodation. Riding on this positive trend, our Directors’ Report 40 hotel segment’s operating profits rose significantly THRIVING HOTEL BUSINESS Directors’ Statement 43 by 41.5% to $46.8 million and revenue increased by Auditors’ Report 44 StamfordCover_FA.indd 1 17% to $232.2 million. Our successful hotel business accounts for 93.4% of 7/2/08 6:08:58 PM Consolidated Income Statement 46 Group operating profits. We are the largest independent Balance Sheets 47 Group revenue, however, saw a 7.3% decrease from $298.0 owner and operator of luxury hotels in Australasia and Statements of Changes in Equity 49 million to $276.1 million due to significantly reduced take great pride in the Stamford brand’s hallmark of Consolidated Cash Flow Statement 51 contributions from our property segment whereby the excellence. All our eight hotels offer superior locations Notes to Financial Statements 53 sale of a few remaining apartments in Stamford Marque in gateway cities, first-class facilities and outstanding Shareholdings Statistics 101 were recognised as it was mostly sold out in FY2006/07. service. Notice of Annual General Meeting and Books Closure 103 Defining Defining Proxy The Stamford Residences, The Stamford Residences, Stamford Plaza Auckland Stamford Plaza Auckland Artist’s Impression Impression Artist’s StamfordExtent_FA copy.indd 1 7/2/08 6:10:20 PM StamfordExtent_FA copy.indd 2 7/2/08 6:11:05 PM inside spread elegance elegance 20 Stamford Land Corporation Ltd ANNUAL REPORT 2007/08 Stamford Land Corporation Ltd ANNUAL REPORT 2007/08 21 Hotel Portfolio Stamford Plaza Auckland Stamford Plaza Auckland Circular SIR STAMFORD AT Quay Auckland Adelaide STAMFORD PLAZA STAMFORD GRAND 93 Macquarie Street, Sydney, New South Wales 2000 Brisbane STAMFORD PLAZA Phone : (61 2) 9252 4600 Melbourne STAMFORD PLAZA Facsimile : (61 2) 9252 4286 Lower Albert Street, Auckland, Email : reservations@sscq. 2 Jetty Road, Glenelg, South Australia 5045 Adelaide New Zealand STAMFORD PLAZA Phone : (61 8) 8376 1222 Phone : (64 9) 309 8888 Facsimile : (64 9) 379 6445 Facsimile : (61 8) 8376 1111 Corner Edward & Margaret Email : reservations@spak. Email : reservations@sga. Streets, Brisbane, 111 Little Collins Street, Queensland 4000 Melbourne Victoria 3000 Phone : (61 7) 3221 1999 Phone : (61 3) 9659 1000 150, North Terrace, Adelaide, Facsimile : (61 7) 3221 6895 Facsimile : (61 3) 9659 0999 South Australia 5000 Email : reservations@spb. Email : reservations@spm. Phone : (61 8) 8461 1111 Facsimile : (61 8) 8231 7572 Brisbane Email : reservations@spa. Perth Adelaide Sydney The Stamford MarqueMarque Sydney The Stamford Sydney Melbourne Legend: StamfordCover_FA.indd 2 StamfordCover_FA.indd 2 7/2/08 6:09:17 PM 7/2/08 6:09:17 PM Hotel Auckland Property development inside spread StamfordExtent_FA copy.indd 20 7/2/08 6:13:34 PM StamfordExtent_FA copy.indd 21 7/2/08 6:13:39 PM cover
  • 4. Client: Client: Rotary Engineering Limited Asia Enterprises Holding Ltd Work Scope: Work Done: Annual Report Annual Report inside spread cover coverinside spread cover
  • 5. Client:CathayOrganisationHoldings LtdWork Done:Annual Report inside spread cover inside spread cover
  • 6. Corporate Information as at 8 April 2008 The Bridge, Clerkenwell Road BOARD OF DIRECTORS AUDIT AND RISK COMMITTEE AUDITORS Hans Hugh Miller Ma Kah Woh, Paul Ernst & Young Client: Non-Executive Chairman Chairman Certified Public Accountants Ong Choo Eng Goh Kian Hwee One Raffles Quay Group Managing Director Wee Sin Tho North Tower, Level 18 Ong Mui Eng (with effect from 27 April 2007) Singapore 048583 Ong Hian Eng Partner In-Charge: Mak Keat Meng Guan Meng Kuan NOMINATING COMMITTEE (with effect from financial year ended Hwa Hong Holdings Ltd Goh Kian Hwee 31 December 2005) Wee Sin Tho Ma Kah Woh, Paul Chairman Guan Meng Kuan MANAGEMENT Wee Sin Tho Hans Hugh Miller Ong Choo Eng Ong Eng Loke Group Managing Director Alternate Director to Ong Mui Eng (with effect from 27 April 2007) Hwa Hong Corporation Limited Goh Kian Hwee (with effect from 27 April 2007) Ong Mui Eng PRINCIPAL SUBSIDIARIES Executive Director Hwa Hong Corporation Limited Singapore Warehouse Company (Private) Ltd. REMUNERATION COMMITTEE Ong Hian Eng Hans Hugh Miller Executive Director 400 Orchard Road Chairman Hwa Hong Corporation Limited #11-09/10 Orchard Towers Goh Kian Hwee Chen Chee Kiew (Mrs) Work Done: Table of Contents Singapore 238875 Guan Meng Kuan General Manager tel: 6734 8355 Singapore Warehouse Company (Private) Ltd. Wee Sin Tho fax: 6733 4288 Tan Yian Hua, Stella 2 Corporate Information (with effect from 27 April 2007) Principal Officer / Chief Executive Officer email: Tenet Insurance Company Ltd 3 Financial Calendar 4 Chairman’s Letter to Shareholders DIVESTMENT AND INVESTMENT Ong Eng Hock Simon Tenet Insurance Company Ltd COMMITTEE Chief Financial Officer 8 Five Year Group Financial Profile Annual Rerport 11 Collyer Quay (newly formed in 2007) Hwa Hong Corporation Limited 9 Board of Directors #09-00 The Arcade Hans Hugh Miller Ong Eng Loke 11 Key Executives Chairman Business Development Manager 13 Corporate Governance Report Singapore 049317 Ong Choo Eng Hwa Hong Edible Oil Industries Pte. Ltd. 22 Risk Management and tel: 6221 2211 Ma Kah Woh, Paul Guan Tut Chuan Control Environment fax: 6221 3302 Business Development Manager Wee Sin Tho (China Operations) 23 Directors’ Report email: Hwa Hong Corporation Limited 26 Statement by Directors website: COMPANY SECRETARIES 27 Independent Auditors’ Report Ong Bee Leem FINANCE AND ADMINISTRATION 29 Consolidated Profit and Paco Industries Pte. Ltd. Hwa Hong Edible Oil Industries Lim Keng San Shirley 38 South Bridge Road #04-01 Loss Accounts Pte. Ltd. (with effect from 21 February 2008) Singapore 058672 30 Balance Sheets 38 South Bridge Road #04-01 tel: 6538 5711 32 Consolidated Statement of Singapore 058672 REGISTRAR/ fax: 6533 3028 Changes in Equity SHARE REGISTRATION OFFICE 37 Consolidated Cash Flow Statement tel: 6538 5711 email: Boardroom Corporate & Advisory 39 Notes to the Financial Statements fax: 6533 3028 Services Pte. Ltd. 100 Shareholding Statistics email: CORPORATE AND LEGAL 3 Church Street 102 Notice of Annual General Meeting GROUP CORPORATE #08-01 Samsung Hub SECRETARIAL SERVICES Proxy Form REGISTERED OFFICE Singapore 049483 38 South Bridge Road #01-01 38 South Bridge Road tel: 6536 5355 Singapore 058672 Singapore 058672 fax: 6536 1360 tel: 6538 6818 website: fax: 6532 6816 email: Annual Report HWA HONG CORPORATION LIMITED ANNUAL REPORT 2007 1 2 HWA HONG CORPORATION LIMITED ANNUAL REPORT 2007 2007 Chairman’s Letter To Shareholders CHAIRMAN’S LETTER TO SHAREHOLDERS Tenet performed well and reported strong underwriting In our manufacturing segment, a number of challenges profits of approximately $2.8 million on the current emerged in 2007—particularly with respect to our year’s business. At over 10% of premiums earned in 49.5% owned Norwest Holdings Pte Ltd (“Norwest”), HWA HONG CORPORATION LIMITED the year, this level of profitability is higher than average and its subsidiaries which are active in the Chinese returns that we expect over the insurance cycle. In phosphate mining and processing business. A planned addition to profits on 2007 insurance contracts, Tenet rights issue and placement of shares in Norwest to reported earnings from prior years of $7.0 million as provide necessary working capital was not successful loss payments in 2007 came in at lower values than and Norwest has been placed under liquidation. the original actuarial estimates. Total insurance profits – including both current and prior year impacts were Overall, financial performance of the Group was quite down, however, as Tenet had reported over $10.8 positive. Including earnings from Rivergate, our return million of income from favourable prior year loss reserve on equity was 26.7%, a record for Hwa Hong. Before development in 2006 compared to $7.0 million in 2007. the profits from Rivergate and write-down in respect We do not believe that favourable reserve development of our investment in Norwest, the ROE improved from should be expected consistently year to year, and we 5.3% in 2006 to 6.5% to 2007. focus our attention primarily on the profitability of our current writings. Model of 4 Storey office block at Scott Road West Midlands House Dear Shareholders, completion basis and TOP is targeted for September 2008, further recognition of share of profits from cover 2007 was an important year for your Company. In Rivergate is expected in 2008. volatile economic times, each business continued to execute its strategy and addressed a number of In addition to Rivergate, other real estate investments challenges. of your company did well in 2007. Revenue from rental income rose 35.6% from $4.5 million in 2006 to Financial performance was strong. Significant capital $6.1 million in 2007. During 2007, the Group acquired was returned to you via dividends. Your board several new investment properties in the United focused on ongoing improvements in governance and Kingdom costing approximately $10.5 million, as well risk management while moving to position the core as making an investment in Singapore at the Scotts businesses for profitable growth. Spazio site in partnership with Dubai Investment Group LLC and KOP Capital Pte Ltd. Hwa Hong Profit after taxation rose by more than $82.8 million in continues to explore real estate investment on its cover 2007, to $104.2 million, due primarily to earnings at the own as well as through established relationships with Rivergate project. Construction at this site, which began business partners. in 2005 in partnership with CapitaLand, is progressing according to plan and was 54.4% complete at the Revenues at Tenet Insurance Company Ltd (“Tenet”) Tenet’s 50th Anniversary Celebration end of 2007. As this venture is carried out through an grew well in the year, up over $5.4 million, or 21.3%, associate, sales at Rivergate are not reflected in our to $30.8 million. Tenet’s strategy is to offer product revenues, while income is reported directly as share innovation and high levels of service through a selected of profits in associates in our Consolidated Profit and group of intermediaries and we believe this profitable Loss Account. As profits are reported on a percentage growth is a demonstration of good execution of the strategy. 4 5 cover Annual Report 2007 HWA HONG CORPORATION LIMITED ANNUAL REPORT 2007 HWA HONG CORPORATION LIMITED ANNUAL REPORT 2007 CHAIRMAN’S LETTER TO SHAREHOLDERS Five Year Group Financial Profile Share Price Performance 0.71 0.67 0.56 0.58 0.54 3,482.30 2,985.83ONG CORPORATION LIMITED 1,764.52 2,066.14 2,347.34 uth Bridge Road Singapore 058672 31 / 12 / 2003 31 / 12 / 2004 30 / 12 / 2005 29 / 12 / 2006 31 / 12 / 2007ebsite: STI Share price Dividends per share Financial Year Endedpany Registration No. 195200130C From a governance perspective, your board focused 13.27¢ particularly on further refining risk management in 2007, and took measures in any area that had been identified inside spread as having potentially significant impact on the financial position of the Group. The board established a new committee, the Divestment and Investment Committee in mid 2007, to focus on strategic matters and act in an advisory capacity to management in terms of specific investment 1.60¢ 1.60¢ 2.22¢ 1.58¢ opportunities. 31 / 12 / 2003 31 / 12 / 2004 31 / 12 / 2005 31 / 12 / 2006 31 / 12 / 2007 inside spread Following the 2007 AGM, two long-standing directors, Mr Chew Loy Kiat and Mr Boon Suan Lee, ceased HWA HONG CORPORATION LIMITED to be directors. Both contributed considerable time and effort to the Company for many years, and I Revenue ($’000) would like to thank them for their contributions to Financial Year Ended $88,865 top & bottom: 7 Water Street Liverpool Hwa Hong. $75,910 Finally, the directors and I wish to thank our business $68,081 partners and our shareholders for their confidence, and the staff of Hwa Hong for their dedication and $53,939 performance in 2007. $46,335 cover Sincerely, Hans Hugh Miller Chairman inside spread 31 / 12 / 2003 31 / 12 / 2004 31 / 12 / 2005 31 / 12 / 2006 31 / 12 / 2007 HWA HONG CORPORATION LIMITED ANNUAL REPORT 2007 7 8 HWA HONG CORPORATION LIMITED ANNUAL REPORT 2007 inside spread
  • 7. “It’s packed with everything broadband you can imagine in a single box” COVER - Digital Residential Gateway STORY Annual Report 2007 e Client: clusiv Michael Mun story by Ex CEO & Chairman 2007 was another growth year for us. I am proud • Improving costs efficiencies The Group is commited to continue growing our Board of Directors has recommended a tax-exempted to say that 2007 marks the 5th year of consecutive R&D activities by forging alliances with technology (one-tier) final dividend of 1 cent per share. This is in The increase in crude oil prices, material prices and Aztech Systems Ltd growth for Aztech, with a revenue increase of 12.3% partners and institutions to produce cutting edge addition to the 0.75 cents per share paid out on 31 year-on-year to S$268.31 million and a retained net higher operating costs globally and in China continue innovative products. August 2007, making the total dividend for FY2007 profit of S$18.18 million. to impose cost pressures on the Group. to be 1.75 cents per share. The dividend payout ratio • Expansion into new business sector for 2007 was 39.3%, having increased over the last 4 FY2007 Performance To mitigate the increasing high material prices and production costs, we will strive to increase As part of our long-term growth strategy to enhance years with 15.5% in 2004, 19.8% in 2005 and 30.4% Our increase in revenue was largely attributable manufacturing efficiency and improve productivity. shareholder value leveraging on our strong cash flow in 2006. to the consistent performance of the ODM/OEM We will work towards simplifying manufacturing and balance sheet, the Board and management of A Word of Thanks Client: segment that accounted for approximately 51% of process and increasing the automation of our Aztech is constantly on a look out for new business our total revenue with contract manufacturing and processes to reduce costs of production and adopt opportunities to fuel growth and enhance returns. We Our current management team has done an exemplary retail sales contributing 38% and 11% of our total lean manufacturing solutions for a diverse product have recently announced that we have expanded into job by producing 5 years of consecutive revenue revenue respectively. mix. Stringent manufacturing specifications and a new business foray of sourcing and supplying of growth and profitability. They continue to drive the quality control are of paramount importance. The materials for the building and construction industry business with an emphasis on market development The Group continues to witness an overall increase Group believe these core values will fuel and sustain as well as for infrastructure development projects. strategies combined with strong fiscal discipline. in sales across its geographical areas with North & the growth and success of our core business. We have recently secured our first contract, to be I trust that the team will continue to strengthen the Work Done: South America segment leading the pack in 2007, Ntegrator International Ltd executed over a period of three years. The contract product quality Aztech represents, build new and accounting for 38% of the Group’s revenue, followed • Managing the appreciation of Chinese is worth approximately S$250 million for the overall deeper business relationships with our partners and closely by Europe and Asia Pacific with 32% and Renminbi and Singapore dollar against procurement and supply of the material. This project continue to drive the enterprise forward. 24% respectively. The Group’s improved operating US dollar is expected to have a positive contribution to our performance for 2007 translates into a stronger Once again, our achievements would not have been The strengthening of the Chinese Renminbi and financial performance in 2008 and beyond. It is not balance sheet with total assets of S$168.58 million, possible without the support and contribution of our Singapore dollar, against the US dollar has added expected to incur significant capital and resources cash and cash equivalent of S$36.18 million, and customers, business associates, staff and shareholders. additional load to the profit margin. To mitigate and is within the current management capability. Annual Report shareholders funds of S$89.65 million, an increase of It is this complementary relationship that has 10.8% over previous year. against adverse fluctuations of foreign currencies, We believe the above expansion strategies will contributed greatly to the success of the Group. the Group hedges a fixed amount of US dollar against provide the impetus for a greater growth beyond Aztech remains focused in our core strategies of Singapore dollar and Renminbi for the Group’s In the year ahead, we will continue to pursue revenue what is currently generated by our core business, capitalising on our competitive strengths of a world- monthly operating expenses. In doing this, we intend growth and profit contributions in our businesses which will remain our key focus. Aztech will exercise class vertically integrated manufacturing facilities, to add stability to our earnings and cash flow. The with the goal to scale new heights. Together, we’re prudent stewardship over our financial resources as strong in-house R&D, excellent industrial design hedging policy is implemented according to strict moving forward towards a brighter future ahead. we continue to explore other business opportunities capabilities and wide international network. These risk management guidelines and only for operational Work Done: to enhance shareholder value. have enabled us to produce complex high margin requirements. The Group will continue to monitor products for our contract manufacturing customers, the currency situation and periodically review the Rewarding Shareholders launching new ODM/OEM products for the broadband requirement for this exercise. upgrade market and enticing the retail market with Aztech continues to create value for its shareholders new stylish and innovative products. • Delivering feature-rich products through prudent and efficient capital management for sustained growth. During 2007, Aztech has carried Managing Challenges Ahead Aztech will continue to reinforce the key strengths out share buy-back practices, and purchased a total of of its core business, primarily the design and Annual Report 9.79 million shares worth S$3.65 million. Continuous improvement has been the cornerstone manufacturing of data, and voice communication 2007 of the Group’s efforts as we continue to scale new products such as ADSL2+ modems/routers and the Our delivery of consecutive earnings in recent years heights and set high standards for Aztech to deliver T H E A N N U A L R E P O R T O F A Z T E C H S Y S T E M S L T D HomePlug powerline adapters for the OEM/ODM with healthy cash flow has lead to consistently greater performance in 2008. This is crucial as we and Retail markets. In addition, the Group is also high level of dividend payouts. Today, to show our move forward and face increase global economic targeting to produce feature-rich products that appreciation for your support and to enhance the uncertainty and fluctuations that could impact command higher margin such as the new Residential value of your investment and trust in Aztech, our profitability. At operational level, to meet these Gateway. The Gateway is truly an all-in-1 broadband challenges, we have put in place and implemented device, with built-in modem, wireless Draft N, 4-port the following strategic plans: router, Ethernet WAN port, VoIP, DECT and 200Mbps HomePlug. Continuous improvement has been the cornerstone of the Group’s efforts as we continue to scale new heights and Managing set high standards for Aztech to deliver greater performance in 2008 02 Challenges Ahead Michael Mun CEO & Chairman 03 ISBN 07 198620071207 FINANCIAL MAT TERS Annual Report 2007 “Take flight the fun & easy way with Zulu” - Aztech RC Helicopter FEATURES financial at a glance for the year ended December 31,2007 2007 2006 2005 2004 (1) 2003 S$’000 S$’000 S$’000 S$’000 S$’000 MANUFACTURING FACILITIES On A Route To Success Results Revenue 268,310 238,997 178,584 152,135 118,042 Telekom Malaysia Berhad to conduct R&D activities CHINA EBITDA Net profit for the year 31,286 18,177 32,435 20,038 18,092 10,128 13,416 6,434 9,863 2,828 through cooperative research, research contracts, training, industrial attachment, and Building, AZTECH COMMUNICATION DEVICE Net cash inflow (outflow) 7,000 13,852 5,668 1,566 (5,808) This alliance serves to combine the technical and marketing capabilities of both organisations and4 (DG) LTD Assets and liabilities Net current assets 50,079 52,320 24,088 22,669 17,356 together promote and commercialize its joint R&D products in Asia. 1 Jiu Jiang Shui Village, Total assets Total liabilities 168,583 78,937 150,188 69,282 138,824 74,179 108,044 52,861 87,195 38,803 200Mbps HomePlug powerline adapter Last but not the least, we take great pride in its98 Chang Ping Town, Total borrowings Shareholders’ equity 28,065 89,646 20,026 80,906 43,595 64,645 19,229 55,183 11,909 48,392 state-of-the art manufacturing facilities at Dong Guan plant, which have seen continual upgrades Dong Guan City, Per share basis (in cents) the invaluable benefits for sustained growth and over the last 2 years since turning operational. In order to roll-out products of the optimum quality, long-term competitiveness. With its continuousCENTRE Guang Dong Province, Earnings - basic Gross dividend 4.45 1.75 4.94 1.50 2.53 0.50 1.61 0.25 0.71 – pursuit in this area, the Group was able to develop we have invested wisely in high tech equipment such as the 5DX 3D X-ray machine, Automated 06~308 China Net asset value 21.86 19.78 16.07 13.81 12.15 products with competitive advantages and be a key player in the industry. Optical Inspection machines and recently a RoHS Ratios lead-free spectrometer. Today, our fully integratedgy Digital Park Tel: (86) (769) 8393-6688 Net profit margin 6.8% 8.4% 5.7% 4.2% 2.4% Recently, new products created from the in- design and manufacturing solutions serve to Current ratio 1.72 1.82 1.43 1.51 1.58 house R&D efforts are specifically targeted at shorten a product’s development life cycle therebyRoad Fax: (86) (769) 8393-1138 Dividend payout ratio 39.3% 30.4% 19.8% 15.5% – next generation of broadband – VDSL (Very High helping our customers reduce development costs Dividend cover 2.51 3.29 5.06 6.44 –Zone Gearing ratio 31.3% 24.8% 67.4% 34.8% 24.6% Speed DSL line) and FTTH (Fiber-To-The-Home) technologies. Such products of better features and and retain their edge in their respective markets. It is our desire to create a world-class plant, fueled Return on assets 10.8% 13.3% 7.3% 6.0% 3.2% SUBSIDIARY – DISTRIBUTION Return on equity 20.3% 24.8% 15.7% 11.7% 5.8% technology are targeted to meet the increasing popularity and demand for value-added services with a dedicated work force to exceed customers’ expectations. 38 SHIRO CORPORATION PTE LTD (1) The net profit for the year ended December 31, 2004 decreased by $407,000 from $6,841,000 (as previously reported) to $6,434,000 such as Internet Protocol (IP) TV, Voice over IP (VoIP), video conferencing and High Definition (HD) TV. PRODUCT ACCOLADES (as restated above) due to the adoption of Singapore Financial Report Standards 102-Share-based Payment.33-1110 31 Ubi Road 1, #08-00 Taking its R&D activities to a higher level, Aztech In a fast growing and highly aggressive broadband industry, it is critical for Aztech to stay ahead of 3-1117 Aztech Building, turnover by turnover by embarked on a strategic approach to forge competition by producing quality products of business segments geographical segments alliances with institutions to produce innovative world-class standards. During the year in review, Singapore 408694 products. In June, Aztech formed a technological our products gathered recognition in the form of FY2007 FY2007 alliance with Telekom Research & Development awards from various local magazines.D CENTRE Tel: (65) 6843-1333 Retail Distribution 11% America 38% Others 6% SDN BHD (TMR&D), a wholly owned subsidiary of Aztech Annual Report 2007ore Building 1 cover Fax: (65) 6749-3083 ODM/OEM Sales Asia Pacific 51% 24% East Ave Website: http://www.shirocorp.comce Parkories SHIRO CORPORATION (HK) LIMITED MANAGING CHALLENGES Contract Manufacturing 38% Europe 32% Rooms2-10, 3/F, Core Building 1 77 No. 1 Science Park East Ave, AHEAD P G 02 ODM/OEM Sales Contract Manufacturing (S$’m) 137.2 103.1 % 51% 38% North & South America Europe (S$’m) 101.0 86.5 % 38% 32%578 Hong Kong Science Park, by Michael Mun, CEO & Chairman Retail Distribution 28.0 11% Asia Pacific 65.0 24% Total 268.3 100% Others 15.8 6% Pak Shek Kok, Shatin, New Territories, 06 Total 268.3 100% Shiro Slim Compact media playerD CENTRE Hong Kong Shiro Touch-screen media player 13age, Chang Ping Tel: (852) 2757-1177 City, Guang Dong Fax: (852) 2753-0578 THE YEAR IN REVIEW P G 10 how we performed inside spread ON A3-6688 SUBSIDIARY – SUPPLY OF “A dedicated wireless multimedia streamer for any modern home”3-1138 FEATURES - Wireless Multimedia Streamer MATERIALS Annual Report 2007 AZ UNITED PTE. LTD. No. 31 Ubi Road 1, Aztech Building, CORPORATE GOVERNANCE REPORT P G 21 a detailed report BOARD OF DIRECTORS Singapore 408694 Tel: (65) 6843-1159 ROUTE TO SUCCESS Fax: (65) 6741-9773 COLIN NG TECK SIM MICHAEL MUN HONG YEW Independent Director CEO & Chairman worldwide With broadband growth PATRICIA NG SOK CHENG Executive Director General Manager, Shiro KHOO HO TONG Independent Director WINNING IR AWARDS P G 20 *Details of member of the board can be found in the Corporate Governance Report at pg 21. KEY MANAGEMENT Low Wei Chong Herman So Kam Hung Vice President, Research and Development, Vice President, Finance Shenzhen R&D Centre MARTIN CHIA HEOK MIIN Mr Low joined Aztech in 1994. He is responsible for the planning, Mr So joined Aztech in 2003. He is responsible for the Groupʼs financial management and treasury functions. Mr So has over Executive Director coordination, and execution of product designs and development of the 10 years working experience in the finance, accounting and voice products and other new products in Shenzhen R&D Centre. He auditing fields. He holds a Bachelorʼs degree in Accountancy Senior VP, Sales & Product Marketing holds a Diploma in Electronic Engineering and an Advanced Diploma in from Monash University, Australia. He is also an associate Computer & Communication Systems from Ngee Ann Polytechnic. member of the Hong Kong Institute of Certified Public Accountants and a member of CPA Australia. Dixon Hong Duo Xin Vice President, Research & Development Michael Lee Thiam Seong cover Mr Hong joined Aztech in 2006. He is responsible for the identification Vice President, Strategic Alliance and establishment of new research and development alliances for the Mr Lee joined Aztech in 2006. Mr Lee is responsible for development of new products, both locally and overseas. Mr Hong developing strategic alliances for the Group and driving graduated from Fu Dan University in Shanghai, China and holds a corporate development opportunities. He brings with him over Masters in Computer Science from New York University, USA. He was a 18 years of business, corporate and financial experiences in visiting Co-Researcher at Keio University in Tokyo, Japan. both listed and leading MNCs. He holds a degree in Accounting with Computing from University of Kent, Canterbury, Jason Saw Chwee Meng United Kingdom. Vice President, Research and Development, HQ R&D Centre Mr Saw joined Aztech in May 2005. He is responsible for the planning, coordination, and execution of product designs and development JEREMY MUN WENG HUNG PHILIP TAN TEE YONG handled by the HQ R&D Centre and heads the technical support service team for the related products. He holds a Diploma in Electronics Independent Director Engineering from Ngee Ann Polytechnic. Executive Director 08 Vice President, Plant Operations 09 inside spread
  • 8. Client: YHI International Ltd Work Done: Annual Report inside spread inside spread covercover
  • 9. Client:Nucleus Electronics LtdWork Done:Annual Report cover inside spread cover cover cover
  • 10. Client: Red Cross Singapore Contents Client: Our Vision To realise Singapore Red Cross as a leading and distinctive humanitarian organisation that brings people and institutions together in aid of the vulnerable. 02 Serving Humanity Effectively Chairman’s Report Raffles Medical Group Ltd Work Done: 04 Our Mission Singapore Red Cross at a glance • Structure, Governance and Management Protecting human life and dignity, relieving human suffering and responding to emergencies. • Council of the Singapore Red Cross • Organisation Chart Our Work • Objectives and Activities Annual Report As an independent humanitarian organisation, we raise our own funds to serve humanity • Our Services and further the work of the Movement both locally and internationally. • Key Achievements in 2006 • Internal Controls • Future Plans Our Core Values 10 Work Done: Financial Overview for 2006 Compassion 11 Highlights in 2006 Having a caring culture and a love for people in whatever we do, guided by the seven principles of the Red Cross Red Crescent Movement. 14 Serving with Compassion... • Saving Lives Annual Report Passion • Rendering Humanitarian Aid Giving our heart and soul selflessly in all that we do. • Restoring Lives, Rebuilding Community • Caring for the Vulnerable Professionalism • Being there for those in Need Achieving excellence in our service delivery with integrity and transparency. 21 Serving with Passion... • Reaching out to Community • Giving Tireless Commitment Seven Fundamental Principles of the • Developing Future Leaders Red Cross Red Crescent Movement • Inspiring Creativity • Connecting Hearts Humanity • Impartiality • Neutrality • Independence • Voluntary Service • Unity • Universality 29 Serving with Professionalism... • Collaborating with Partners • Preparing for Emergencies • Building our Capacity • Increasing our Resources • Communicating our Work 37 Financial Statements 58 The People behind Singapore Red Cross • Lists of Committees • Staff List 66 Appendices • Lists of Schools How to contact us inside spread Singapore Red Cross Annual Report 2006 02 03 Chairman’s Report Serving Humanity Effectively The Singapore Red Cross (SRC) has come a long way since its humble We continued to oversee and monitor the disbursement of the beginnings in 1949, when it was a chapter of the British Red Cross. S$88 million ‘Tidal Waves Asia Fund’, benefiting communities that were Today, we are a strong and growing National Society actively engaged in affected by the Asian Tsunami. Close to S$62 million have been committed humanitarian work both locally and overseas. so far. In all, a total of 61 reconstruction and rehabilitation projects in Aceh, Sri Lanka and the Maldives are being spearheaded by Singapore- Notable Achievements based NGOs and voluntary welfare organisations (VWOs). In 2006, we reached a significant milestone with the successful hosting of the VIIth Asia and Pacific Regional Conference of the International Strengthening core competencies Federation of Red Cross and Red Crescent Societies, with the theme With new developments in the scope and scale of international humanitarian “Serving Humanity Effectively”. Held once every four years, the conference relief work, the SRC needs to gear itself to respond to the new challenges. was attended by 245 representatives of National Societies from 46 countries A key thrust of SRC’s Strategy 2010 is capacity building so as to meet in the Asia Pacific and the Middle East region and an additional 14 beneficiaries’ needs in a professional and sustainable manner. The SRC countries from the other regions. Through an inclusive process of dialogue, will in the coming years strengthen its core competencies by enhancing reflection and synthesis, the four days of proceedings concluded on a high its training programmes for volunteers and staff, as well as explore new note with the adoption of the Singapore Declaration, a consensus document and innovative ways of improving service delivery and effectiveness. which set the Movement’s agenda for the Asia Pacific and Middle East region for the rest of this decade. The success of the conference owed I am confident that with the dedicated support of Council Members, much to the dedication and outstanding contributions of our volunteers volunteers, staff and service partners, the Singapore Red Cross will continue and staff who truly made Singapore proud! to fulfil its mission locally and regionally, with much compassion and professionalism. Another highlight of the year was the biennial International Bazaar held at the Royal Thai Embassy. With record participation from the international I look forward to your continued partnership in our collective endeavour and local communities, the event raised a total of S$179,855 for our local to serve humanity effectively. humanitarian services. Our blood donor recruitment programme continued to meet the transfusion needs of patients in Singapore’s hospitals. A total of 85,892 units of blood were collected during the year, of which 17,351 were from first-time donors. Extending Help Abroad The year also saw our volunteers and staff rendering much needed aid to Lt Gen Winston Choo, Retd. disaster-stricken areas and the less fortunate in our region - from running Chairman mobile clinics for displaced populations in the Mount Merapi volcanic Singapore Red Cross eruptions to providing medical relief to earthquake victims in Magelang, Yogyakarta, to reaching out to flood victims in Aceh and Southern Johor with medical, food and other relief supplies. The SRC, thanks to the generosity of the Singapore public, also contributed financially to the International Red Cross Movement’s global appeals for disaster aid to the Philippines, Lebanon, Colombia, Democratic People’s Republic of Korea, Somalia and Pakistan. inside spread covercover
  • 11. Client: xecutive hairman’s tatement Unfolding Our Mission a New Beginning Tat Seng Packaging Group Ltd Exciting times are abound for Tat Seng. With the synergistic injection from PSC Corporation Ltd, the Company is unfolding a new beginning in the Companys history. A new beginning that Work Done: holds promising challenges and growth potential ahead. Striving to be the preferred corrugated Dr. Allan Yap Executive Chairman products supplier, Tat Seng will continue to create ur ission greater value to its shareholders, business a New New Beginning associates, management and staff. To be the preferred Annual Report On behalf of the Board of Directors, I am FINANCIAL REVIEW the Group’s profit after tax by 1.4 times to Unfolding aBegining corrugated products supplier pleased to present the Annual Report of S$5.7 million. Correspondingly, the net profit The Group’s turnover for the year ended 31 the Company for the financial year ended attributable to shareholders for the year December 2007 reached S$74.6 million, 31 December 2007. increased $3.5 million. representing an increase of S$19.8 million or 36% from S$54.8 million in the prior financial To be the preferred corrugated products supplier STRATEGIC DIVESTMENT year. The inclusion of S$13.1 million full year turnover of Hefei Dansun Packaging Co., BUSINESS REVIEW The highlight of the financial year was the Ltd. (“Hefei Dansun”) which was acquired in Tat Seng Singapore: strategic divestment of the Company’s September 2006 contributed to the better With the improvement of Singapore’s economy Tat Seng strives to position ourselves as the first leasehold land and building. In April 2007, the Company entered into an option agreement performance. Excluding the contribution from Hefei Dansun for this current and prior year, in 2007, Singapore operations consolidated the existing customer base and achieved an name that comes to mind whenever cartons and other with RBC Dexia Trust Services Singapore Pte Limited, the trustee of Cambridge the Group’s turnover from Singapore and Suzhou operations grew 18.2%. 8.3% revenue growth as compared to the previous financial year. corrugated packaging products are required by users. Industrial Trust (“CIT”), an SGX-ST listed The Group’s cost of sales increased 40.9% or In the second half of the year, Singapore real estate investment trust, for the sale and S$17.9 million. Cost of paper materials and operations faced an industry-wide increase leaseback (the “Proposed Transaction”) of the labour costs increased significantly during in paper prices, causing materials costs Tat Seng progresses through continuous improvements, Company’s building and the remainder of the Company’s leasehold interest in 28 Senoko the year. This is in part contributed by the inclusion of a full year cost from Hefei Dansun to increase substantially. In addition, the Company faced additional expenditure for the so as to remain a key supplier in the paper packaging Drive (the “Property”). The sale price of the Property was S$12 million, as valued by the as compared to the previous year. However, factory overheads relative to turnover lease of property from CIT. These had affected the operation’s profit margins. industry and to maintain our continuous growth Company’s independent valuer, Kenwood Property Consultants Pte Ltd. decreased as compared to the previous corresponding period. The combined effect Tat Seng Packaging Suzhou Co., Ltd. in the marketplace. Subsequent to obtaining the Company resulted in a lower Group gross profit margin as compared to prior year. (“Tat Seng Suzhou”): 01 02 Our Mission Executive Chairman’s Message shareholders’ approval for the Proposed Inflation, a general increase in energy prices Transaction in an Extraordinary General In line with the increase in turnover and the and an increase in prices of waste paper drove 04 Board of Directors Meeting held on 21 June 2007, the sale of the inclusion of a full year expenditure of Hefei up the cost of paper and other raw materials. 06 Financial Highlights Property was completed on 25 June 2007. Dansun, the Group’s operating expenses However, as a result of economies of scale 07 Corporate Information Upon completion, the Property was leased increased by S$1.8 million. and better cost control, gross profit margin back for a term of 15 years, with an option to remained relatively unchanged as compared 08 Financial Statements Other income increased S$3.6 million as renew for a further 5 years. to financial year 2006. compared to the previous corresponding The proceeds from the sale of the Property gave period, mainly due to the gain on sale of The fourth phase of expansion in Tat Seng Tat Seng Packaging Group Ltd the Company a gain of S$3.7 million in the year. the Company’s property. This gain lifted Suzhou was completed in the year. This phase Annual Report 2006 01 02 Tat Seng Packaging Group Ltd Annual Report 2007 Tat Seng Packaging Group Ltd Annual Report 2007 01 oard f irectors inside spread Dr. Allan Yap Loh See Moon Cheong Poh Hua Lien Kait Long Executive Chairman’s Message Executive Chairman Managing Director Executive Director Independent Director Dr. Allan Yap was appointed as an Executive Chairman of our Mr. Loh See Moon was appointed as the Managing Director/ Ms. Cheong Poh Hua, is an Executive Director of our Group. Ms. Mr. Lien Kait Long was appointed as an Independent Director and Group on 21 November 2005. His portfolio includes 25 years of Chief Executive Officer of our Group on 21 November 2005. Cheong joined our Company in September 1981 and was later Chairman of the Audit Committee of our Group on 24 November Introduction continued growth. However, intense With a larger sales team, China operations experience in finance, investment and banking. Dr. Yap is also the Prior to his current appointment, Mr. Loh was the Deputy promoted to Finance and Administration Manager in 1984. Ms. 2005. He has over 37 years experience in accounting and It is my pleasure to present my first message Group profit before tax increased competition for business in a small market would see the establishment of a new sales Executive Chairman of PSC Corporation Ltd and Intraco Limited. Managing Director of our Group. He was appointed as an Cheong is responsible for all the financial and administrative affairs finance, corporate management and business investment. He as Executive Chairman of the Group, and $0.2 million or 17.9% as compared to the would continue to impair our performance office in Wuxi. The objective is to serve the He is an Executive Director of Wing On Travel (Holdings) Limited Executive Director and concurrently as the Factory Manager of our Group. She was appointed as an Executive Director of our has held a number of senior management positions as well as the Annual Report for the financial period previous corresponding period. This and restrain the ability to pass costs increases plethora of industrial users and MNCs located and the Managing Director of Hanny Holdings Limited, both of of our Company in 1977. In 1981, he was promoted to the Group on 1 July 2002. Between 1978 to 1981, Ms. Cheong was executive directorships in various public and private corporations ended 31 December 2005. disparity as compared to the growth in in raw materials to our customers. in Wuxi, the second largest city in the Jiangsu which are Hong Kong-listed companies. He is also the Chairman position of General Manager. In 1989, he was appointed an auditor in S.L. Chua & Company. Ms. Cheong graduated from in Singapore, Hong Kong and China. He currently serves as an turnover was attributed to a $6.3 million province, where two major industrial parks While this was a short, six -month financial increase in cost of sales. Cost of sales rose China operations: in the Yangtze River Delta are located. of MRI Holdings Limited, an Australian-listed company and the as the Deputy Managing Director. Mr. Loh graduated from Nanyang University in 1978 with a Bachelor of Commerce Degree Independent Director on the boards of several Singapore and period, the Group saw a major change in on the back of increase in raw materials The strategy adopted for the China Chairman of China Enterprises Limited, a company whose shares the Nanyang University in 1971 with a Bachelor of Science in Accountancy. Ms. Cheong is a non-practising member of the Chinese companies listed on the Singapore Exchange. The listed ownership interest and an outstanding prices and the higher depreciation cost of operations worked well as shown in this Our China plant would be looking at are traded on the OTC Bulletin Board in the United States of Degree. He has more than 30 years of experience in the Institute of Certified Public Accountants of Singapore (“ICPAS“) companies that he has present and prior experience in are from growth mainly from the China operations. new machines in the China operations. The financial period. The enlarged sales team and extending its factory space by 12,000 square America. Dr. Yap is the Chairman and Chief Executive Officer of corrugated products industry. and a Fellow member of the CPA Australia. diverse industries including manufacturing, stockist cum trading, $0.5 million increase in selling and two sales offices in Shanghai contributed meters to house a 2.8 meter wide, high Burcon NutraScience Corporation, a Canada-listed company. He telecommunications, oil & gas, consumer, textile and food & Unfolding A New Beginning distribution expenses was attributed to the much to the superb growth in turnover as speed coating machine. Through the received an Honorary Degree of Doctor of Law from the University beverage. Mr. Lien holds a Bachelor of Commerce Degree from Chee Teck Kwong Patrick This was an eventful half year for the Group. increase in sales administration costs in they focused on bringing in high volume water-based coating, we would be able to of Victoria, Canada. Nanyang University, and is a Fellow member of the ICPAS and rt Independent Director In October 2005, following the sale of a China. Administration costs increased $0.6 board orders. This tied in with our interim improve the appearance and function of the An nu al Re po CPA Australia. majority stake of 51% of the Company by million, mainly due to a one-time expense objective of utilizing the new production paper and products in accordance to Mr. Chee Teck Kwong Patrick, PBM, was appointed as an Independent Director and Chairman of the Remuneration the Groups two major shareholders and of $0.3 million pertaining to the take-over lines enlarged capacity quickly. customers requirements. It could augment Dr. John Chen Seow Phun Foo Der Rong Committee of our Group on 24 November 2005. Mr. Chee holds a Kuik See Juan directors to PSC Corporation Ltd (”PSC”), exercise and a general increase of $0.3 our production operations and create Deputy Chairman Executive Director Bachelor of Laws (Hons) Degree from the University of Singapore. Independent Director PSC launched a take-over offer for the million in administrative expenses in China. As projected, these high volume orders with additional revenue streams for the China 2007 Unfolding a New Beginning Unfolding a New Beginning Tat Seng Packaging Group Ltd He has been in private legal practice since 1980. He is now a remaining shares of the Company. At The net effect of exchange differences on low margins could not contribute much to operations. Dr. John Chen Seow Phun joined our Group on 21 November Mr. Foo Der Rong graduated with Bachelor of Commerce Mr. Kuik See Juan was appointed as an Independent Director of our the close of its offer in November 2005, the USD loan resulted in an exchange gain the bottom line. This could be expected in 2005 as a Non-Executive Director and was concurrently appointed Degree from Nanyang University and was appointed as an Senior Legal Consultant with KhattarWong. Group on 14 February 2001. He was appointed as Chairman of the PSC held a 64% stake in the Company. of $0.1 million as compared to an exchange the short term as we strive to increase the Acknowledgements as a Deputy Chairman of our Board. Dr. Chen was a Member of Executive Director of our Group on 21 November 2005. He is Nominating Committee of our Group on 24 November 2005. From loss of $0.3 million in the previous utilization of the enlarged capacity of the On behalf of the Board of Directors, Parliament from 1988 to 2006. He served as the Assistant Secretary currently the Managing Director and CEO of PSC Corporation Mr. Chee is a Notary Public and a Commissioner for Oaths. He is 1972 to 1981, he held various senior officer positions with Bank of At the conclusion of the take-over, the corresponding period. new production line. Management and staff of the Group, I would General of the National Trades Union Congress from 1991 to 1997. Ltd and Executive Director of Intraco Limited, both Singapore a member of Singapore Institute of Arbitrators, Singapore Institute America NT & SA in Singapore and Jakarta. Thereafter, he spent two directors who sold their shares to like to thank our former Managing Director, He was a Minister of State from 1997 to 2001. He is presently -listed companies. of Internal Auditors and Singapore Institute of Directors. He also more than twenty years as executive director in many private and Dr. Allan Yap Executive Chairman PSC stepped down and two independent The value of the Groups fixed assets The World Bank projected that the world Dr. Low See Pong and Executive Director, the Managing Director of JCL Business Development Pte Ltd, the sits on the Board of other public listed companies including PSC listed public companies as board member during various periods, directors resigned from the Board of increased $5.1 million, mainly due to a economy, which was estimated to have Ms. Lim Lee, for their hard work in developing Chairman of SAC Capital Private Limited, the Deputy Chairman Mr. Foo has wealth of experience and knowledge in business Corporation Ltd, CSC Holdings Limited, Richland Group Limited managing wide ranging businesses in mostly ASEAN countries and and Non-Executive Director of PSC Corporation Ltd and sits on the Board of a number of publicly listed companies. Dr. Chen has development, corporate restructuring, investment strategies and operations management in the FMCG, service and and King’s Safetywear Limited, Singapore Windsor Holdings Limited and Hengxin Technologies Ltd. China. Currently, he has been appointed as independent director to four other public companies listed on SGX. Since 1969, he has Tat Seng Packaging Group Ltd. Directors (”The Board”). The Board was then reformed with the appointment of new revaluation of the leasehold land and building by $5.2 million, net off by an grown 3.2% in 2005, to stabilize in 2006, but Chinas economy would continue to grow and growing the Group from a sole- proprietorship to a well established directors. At this juncture, I would like to accumulated depreciation of $1.6 million robustly in excess of 9%. OECD projected that organization today. I would also like to thank been a Board member of the Economic Development Board, the manufacturing industries. been an Associate Member of the Chartered Institute of Bankers, Housing & Development Board, the Port of Singapore Authority Mr. Chee is active in community service and is the Vice Chairman U.K., known currently as Institute of Financial Services. Annual Report 2005 welcome the new directors to the Board and I am confident that the new Board and a capital expenditure of $1.4 million for the expansion of China operations. the Chinese economy would grow by 9.4% in 2006. Mr. Chua Keng Hiang and Mr. U Kean Seng, two of our former Independent Directors, and Singapore Power Ltd. of Tech Ghee Community Club and the Organising Chairman of would work well together to bring the Despite the Companys dividend payout of for their contributions to the Board. National Street Soccer League. Mr. Chee is the recipient of the Group to new heights. $1.3 million and a capital expenditure of We are thus optimistic about our prospects National Day Awards 2003 – The Public Service Medal (Pingat (Left to right) $1.4 million, the $6.1 million cash generated in the China operations. We would continue To our valued shareholders, customers, Bakti Masayarakat) from the President of Republic of Singapore. Dr. Allan Yap, Dr. John Chen Seow Phun, Subsequent to the take-over by PSC, the from operations led to an increase in cash to use high volume board sales to take suppliers and business partners, my gratitude Mr. Loh See Moon, Mr. Foo Der Rong, Board decided to change the financial year and cash equivalents of $3.2 million. up the current capacity gap, while we for your continuous trust and support. Ms. Cheong Poh Hua, Mr. Chee Teck Kwong Patrick, Mr. Lien Kait Long, Mr. Kuik See Juan end from 30 June to 31 December, to enable progressively acquire higher value-added My appreciation also extends to the Hefei, China the Companys financial year end to be Business Review products orders to improve our margin. Management and staff of the Group for cover coterminous with that of PSC and to Singapore operations: their dedication and contributions. I am facilitate reporting requirements. The Singapore economy grew 6.4% and the Looking Ahead certain that with your commitment, we shall , Ltd.u, China audited accounts presented in this Annual manufacturing sector grew 9.3% in 2005. Going forward, the Group would continue to bring the Group to greater heights as we Packaging Co. Report shall thus cover the first financial Growth in the manufacturing sector strive for better performance. continue to work towards being the preferred Hefei Dansun period after the change, from 1 July 2005 was contributed mainly by transport corrugated products supplier in Singapore , Ltd. to 31 December 2005. engineering, biomedical and electronics. Singapore operations would review its and China. (Suzhou) Co. 合肥丹盛包装 有限公司 发区紫蓬路105号 The growth in electronics however, slowed strategies and approaches to acquire moreng Packaging Financial Review by 6% as compared to 2004. business and increase its customer base. 限公司 合肥 市经济技术开 The Groups turnover for this financial The Company would tap on PSCs extensive装制品(苏州)有 地址: period increased $7.3 million or 39.2% from Turnover from Singapore operations dipped local network to improve its market reach. It Dr. Allan Yap 亭镇问渡路88号 230601 $18.7 million to $26.0 million as compared marginally by $0.3 million or 3.2%. This was would also be looking at strategic alliances Executive Chairman 苏州相城区望 邮编: to the previous corresponding period. This attributed to intense price competition, in nearby markets, exploring potential export 166 (86) 551 3810 was mainly contributed by the growth in which also moderated our margins. We are markets in the region, and opportunities for lier products supp 电话: the China operations, where turnover cautiously optimistic of our prospects growth by acquisition. 215155 123 (86) 551 3810 soared 81%. in 2006 as the economy is projected for 0538 (86) 512 6538 d corrugated 传真: 2 Tat Seng Packaging Group Ltd. Annual Report 2005 MTI, Economic Survey of Singapore 2005 The World Bank, Global Economic Prospects - Overview and Global Outlook 2006 OECD, OECD Economic Outlook No. 78 Tat Seng Packaging Group Ltd. Annual Report 2005 3 9342 邮件: sales@h Your preferre (86) 512 6538 电子 .com.cn邮件 : salesa@tspg 04 Tat Seng Packaging Group Ltd Annual Report 2007 Tat Seng Packaging Group Ltd Annual Report 2007 05 ales nalysis by inancial ighlights ustomer ector for FY2007 80 4.0 70 3.5 Financial Highlights Earnings per share (cents) Financial Statements 60 3.0 4.0 3.0 50 2.5 2.0 40 2.0 36% 4% 1.0 30 1.5 Turnover ($ million) 11% 20 1.0 40 0 30/06/02 30/06/03 30/06/04 30/06/05 31/12/05 10 0.5 30 Shareholders’ equity ($ million) 3% 0 0 20 50 2004 2005(1) 2005(2) 2006 2007 2004 2005(1) 2005(2) 2006 2007 40 10 Turnover Earnings Per Share Unfolding a New Beginning Unfolding a New Beginning ($ million) (¢ cents) 30 0 30/06/02 30/06/03 30/06/04 30/06/05 31/12/05 7% 6.0 50 20 10 5.5 5.0 0 30/06/02 30/06/03 30/06/04 30/06/05 31/12/05 40 Profit after taxation ($ million) 24% 4.5 5.0 15% 4.0 4.0 Sales analysis by customer service for FY2005 3.5 30 3.0 3.0 22% 37% 2.5 2.0 20 2.0 1.0 21% 1.5 0.0 30/06/02 30/06/03 30/06/04 30/06/05 31/12/05 Electronics & Electrical 15% 10 4% 4% 1.0 5% 7% Medical, Pharmaceutical & Chemical 24% 0.5 Printing, Publishers & Converters 36% Printing, Publishers & Converters 37% Plastic & Metal Stamping 4% 0 0 Medical, Pharmaceutical & Chemical 22% Electronics & Electrical 21% Food & Beverage 11% 2004 2005(1) 2005(2) 2006 2007 2004 2005(1) 2005(2) 2006 2007 Plastic & Metal Stamping 7% 09 Corporate Governance Report 20 Consolidated Profit and 24 Notes to the Financial Statements Loss Account Computer Industries 5% 14 Directors’ Report 53 Land & Buildings Computer Industries 3% Profit After Taxation Shareholders’ Equity Food & Beverage 4% 21 Consolidated Statement ($ million) ($ million) 17 Statement by the Directors of Changes in Equity 54 Statistics of Shareholdings Others 4% Others 7% 18 Auditors’ Report 22 Consolidated Cash 55 Notice of Annual General Meeting (1) Twelve (12) months ended 30th June 2005 19 Balance Sheets Flow Statement Proxy Form (2) Six (6) months ended 31st December 2005 Tat Seng Packaging Group Ltd. Tat Seng Packaging Group Ltd. 6 Annual Report 2005 8 Annual Report 2005 06 Tat Seng Packaging Group Ltd Annual Report 2007 Tat Seng Packaging Group Ltd Annual Report 2007 07 cover inside spread
  • 12. Client: Universal Assets Group Pte Ltd Client: Work Scope: The Westin Brochure Langkawi Resort & Spa Work Scope: Corporate Brochure cover coverinside spread inside spread
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  • 14. Client: Client: Seiko Instruments Singapore Pte Ltd Tan Tock Seng Hospital - Communicable Disease Centre (CDC) Work Scope: Commemorative Book Work Scope: Commemorative Book cover ED TTSH Clinical Block 3 Clinical Block 1 Cards of Appreciation - SARS 14 storeys 12 storeys Patients at SOCJ waiting for screening - Nipah Virus Clinical Block 2 12 storeys Ne The Infamous ‘Or Sai” - Black Lion w Ad m in Blo ck The Municipal Officers in 1915 Steam Laundrycover foldover “milestone” Mr Michael Lim, Chairman of NHG Guest of Honour - opening THVC inside spread Opening of THVC site at 142 Moulmein Road inside spread
  • 15. Client: Nalco Asia Headquarters Work Scope: Product Brochure covers inside spread covers Client: Haruna (S) Pte Ltd Work Scope: Brochure inside spreadcover
  • 16. The aftermarket newsletter by Hella Asia Singapore Issue 02: Dec 06 - Feb 07Client: MICA (P) No. 308/03/2006Hella AsiaSingapore Pte Ltd Special OE: Success Through theWork Scope: Combination of Global, IndividualisedMarketing Collateral Customer Support and Innovative PowerNewsletter Progress is continually changing. In the automotive industry, Hella has been a trendsetter with pioneering products and systems in the field of lighting, electrics, electronics and thermal management. For more than 100 years now, Hella has been setting milestones for the future of motor vehicles. As an internationally operating supplier for globally positioned customers, we are at the forefront of shaping technological development and stand out from the competition with our international production network. Hella offers system knowledge, experience with mass production, process know-how, experience and an international profile for the implementation of innovative concepts. wobbler Innovative Technology for Demanding Heavy-duty Use Creativity and know-how are the pillars of Hella’s success. Supported by decades of experience in development and production for both small lots and large-scale series production, this strategy has made Hella one of the best in the world. Hella continuously invests in advancing technologies, particularly in the areas of LED and xenon technology, intelligent lighting, integrated electrics and electronics with wiring systems. Safer through the night with rear lamps from Hella. Customised Solutions Hella’s competence is in developing solutions and converting them into tailor- made applications to suit the customer’s Contents needs. Hella aims to take on challenges 2 Special OE: Success Through the and tasks set by customers and provide Combination of Global, them with individual solutions. Our Individualised Customer Support modular lighting concepts are in high and Innovative Power fashion, since design-oriented customers - for example, in the buses, coaches, Individually styled: complete front lighting 3 Automechanika 2006 module for buses including design trim, Hella Technical Training to Support trucks and trailers segments - increasingly headlamp cleaning system and cables. Garages for the Future of Electric demand up-to-date and customised and Electronics designs that can be smoothly implemented with this concept. 4 Hella Valued Partners Programme Intensive Support leaflet 5 Headlamp Beam Setter Personal contact is at the very basis of every customer relationship at Hella, Thermal Oil-level Sensor with our self-imposed requirements as an automotive parts supplier channelled (Electronics) towards supporting each of our customers as best as possible. 6 LED (Light Emitting Diode) So whether you are a manufacturer of buses or coaches, trucks or trailers, 7 Marketing Support Package for Bulbs agricultural or mining machinery, or in the marine industry, you can rely on Hella for innovative technology, customised solutions and intensive support. newsletter Our Ideas, EVENTS 07 SNIPPETS 02 NEWSFLASH Innovative Technologies Customised Solutions Intensive Support Your Success. Hella Valued Partners Programme Marketing Support Package for Bulbs Xenon Light - The High-tech Light for the Road LED - Exploit the Technological Lead Hella in Asia Pacific has built up strong partnerships with a network of key Hella partners supporting the Independent Aftermarket and Hella Asia has developed a bulbs marketing support package Special OE segments in the region. These partners play a crucial to assist and support wholesalers and their retail customers role in the overall success of Hella, as the brand ambassadors in the in driving more Hella bulb sales. various local markets across the region. This marketing support package aims to promote greater In recognition of the contributions of these partners across Asia, brand awareness to the end users with a wide range of Hella launched the Hella Valued Partners (HVP) programme, a Circular modules and attractive sales support tools and point-of-sale materials single-function lamps Brilliant-finish combination rear lamps Bi-Xenon headlamps DynaView® Evo2 retrofit cornering light preferred-partners scheme for its most important partners in Asia in and comes with a clear message - Premium Quality Bulbs: Bulbs flyer Bulbs leaflet and leaflet holder May 2006. Selected key partners across 8 countries in the region Brighter and Longer Lasting. were awarded the status of Hella Valued Partners. As a valued partner, the HVPs are fully backed by Hella and have Innovative Technology direct access to Hella’s expertise in the areas of sales support, marketing expertise, product and technical know-how support and reliable logistics service. meets Modern Design. Launching Hella Valued Partners Hella work lamps turn night into day LED lamps for trailers To kick-off the Hella Valued Partners programme, a 2-day inaugural Bulbs display Bulbs shelf display Bulbs wobbler Stickers and wobblers in Jakarta Flyers, leaflets and leaflet A complete range of innovative lighting products Xenon lamps provide more light than conventional filament cabinet with 12v or Hella’s growing range of LED (Light Emitting Diode) lamps event was made in May 2006, Singapore. Hella hosted HVPs from stand in Jakarta 24v tester around the region to mark this new inception. Grand opening of Hella Asia Singapore Office bulbs, and that in daylight quality. Where a conventional has been accepted as the most advanced one-step solution bulb shines via a filament, the light arc principle applies in to problems with lighting in the commercial transport industry. from Hella specially for buses and coaches. 6 the case of a xenon headlamp. Here, a mixture of the inert Hella has developed the technologies that have built millions gas xenon and metallic salts is enclosed in a glass bulb the of lamps, engineered and tested to the highest standards, size of a matchstick head. The light arc is ignited between to suit the harshest environmental conditions. LED technology two exactly positioned electrodes and kept alight. Hella has has enormous benefits for the transport industry, the most developed a sophisticated electronic ballast system to control obvious being the reduction in maintenance requirements this process. Thus, with xenon technology, Hella has created with Hella’s LED lamps operating with up to 80% less power Banner in Thailand Wobblers and shelf display Bulbs sticker Bulbs banner a new dimension in terms of retrofitting and conversion consumption than comparable bulb lamps, remaining fully in Thailand business for the aftermarket and workshops. operational under severe cold, heat and humidity while being subjected to high levels of vibration. The new Hella lamps using LED technology pick up where other lighting concepts reach their capacity limits. Contacts in Asia Pacific Product Variety from Hella: A Lead Based on Creativity Agricultural: Hella is the No. 1 in the agricultural machinery and Know-how market from Original Equipment supplies to spare parts. The SINGAPORE CHINA JAPAN NEW ZEALAND With more freedom in optimising vehicle architecture, Hella reasons: An exemplary product range and world-wide Hella Asia Singapore Pte Ltd Hella Trading (Shanghai) Hella Japan Inc. Hella New Zealand Limited Regional Headquarters Asia Co., Ltd provides an unusually in-depth product range and modular distribution network. Pacific Nishi-Shinjuku Takagi Bldg, 5F 81-83 Ben Lomond Crescent systems. Independent Aftermarket B & F1, 14th/F, East Ocean 1-20-3, Nishi-Shinjuku P.O. Box 51-427 Centre Shinjuku-ku Pakuranga Mining: Hella meets all your mining lighting requirements with 2 International Business Park No. 618 East Yan An Road Tokyo, 160-0023 Japan Auckland 1730, New Zealand Trucks and trailers: On the road again - day-to-day business solutions for dynamic and static lighting systems used in open- #02-15 The Strategy Shanghai 200001 Singapore 609930 China Tel: +81 50 5529 3150 Tel: +64 9 577 0000 for heavy-duty trucks and trailers. Scheduling pressure and cut, underground and offshore projects. Fax: +81 3 5908 1867 Fax: +64 9 576 2476 stress often dominate business. Offer your customers that Our Hella Valued Partners Tel: +65 6854 7300 Tel: +86 21 5385 4088 Email: Website: Fax: +65 6854 7302 Fax: +86 21 5385 5006 decisive extra safety with Hella’s high product quality, a wide Marine: Hella marine lighting products are engineered for Email: Email: range of spare parts supplies and straightforward installation safety, reliability and high performance with innovative lighting Website: Web: processes. solutions being channelled into sophisticated navigation and lighting systems. With these products, Hella marine is a supplier AUSTRALIA INDIA KOREA PHILIPPINES Buses and coaches: Hella supplies complete lighting systems to yacht and powerboat manufacturers, marine resellers and Hella Australia Pty. Ltd. Hella India Lighting Ltd Hella Asia Pacific Hella-Phil., Inc. for all functions, including supporting frame and decorative commercial fleets around the world. Korea Liaison Office 54-76 Southern Road 14/6 Mathura Rpad Km. 38 Gen. Aguinaldo Highway trims. Rear and side lightings using LED technology for reduced P.O. Box 89 Faridabad - 121003 #817, Daewoo Maison Libre B/D Dasmarinas, Cavite 4114 Philippines power consumption and homogeneous illumination with low- Mentone 3194 Haryana, India 45-5, Youido-Dong Victoria, Australia Youngdeungpo-Ku profile design, long service life for all functions. Tel: +91 129 227 5772 150-891 Seoul, Korea Tel: +63 46 416 5704 As a supplier to major bus xenon or LED technology to provide Tel: +61 3 9581 9333 Fax: +91 129 227 3903 Fax: +63 46 416 5705 standee manufacturers, Hella is setting new powerful illumination of robust quality Fax: +61 3 9585 2654 Email: Tel: +82 2 783 8373 Email: Email: Fax: +82 2 761 2969 standards in design, technology, quality and is your partner for developing a Web: E-mail: and parts supplies with a wide range of tailor-made solution for all lighting state-of-the-art lighting products and functions and installation types. Hella Express is brought to you by Hella Asia Singapore Pte Ltd. accessories. Hella creates innovations Ceremonial planting of new seedlings Hands-on cooking class for team building Editors: Michelle Anne Elias ( in lighting techology with the use of Hella – The Partner for Professionals. Janice Choo (
  • 17. SLA Graduation Ceremony - Quotes Client: When I started my first course with SLA in Diploma in International Freight Management, I had no idea what logistics was all about. Back then, I was holding a junior position in my current company, SDV Logistics. After completing the diploma course, I was promoted to an executive position. Today, I am leading a department Singapore Logistics Association of seven officers. This achievement was made possible by the opportunities given by my company. It’s also due to the knowledge gained from the course and the practical tips from the lecturers. The course has not only helped me seized the opportunities at work but also widened my views to the entire supply chain. (SLA) Journie Chua Whei Yeng, SLA Scholar Winner of Best Achiever Award 2008 Higher Diploma in Supply Chain Management Aug 2006 Intake Client: SMa Connect is published bi-monthly by the Singapore Manufacturers’ Federation MICA (P) 008/02/2007 January/February 2008 I would like to commend the dedicated lecturers for imparting their valuable knowledge to us. These subject matter expertises made learning interesting and Singapore Manufacturers Work Scope: theories easier to understand by citing real-life cases. Association (SMA) I would also like to express my appreciation to SLA for developing the diploma programme. Aside from providing a comprehensive coverage of logistics mangement, we also acquired skills for presentation, report writing, problem- solving, time management, inter-personal relationship and many more during the Newsletter course of study. Chan Siong Fea Winner of Best Achiever Award 2008 Diploma in Integrated Logistics Management Aug 2006 Intake First of all, I would like to take this opportunity to thank all the passionate and dedicated lecturers in this course for sharing their professional knowledge, valuable experience and assistance. Work Scope: Newsletter This course is suitable for beginner like me who plans to develop his career in this dynamic industry. For every module, there is a work project and we would base our projects on our companies’ projects. Through brainstorming with teammates, we would discover creative approaches to the projects. Liew Jiun Haur Winner of Best Achiever Award 2008 Diploma in International Freight Management Aug 2006 Intake CONGRATULATIONS! SLA Best Achiever Award Winners 2008 Higher Diploma in Supply Chain Diploma in Integrated Logistics Diploma in International Freight Management (August 2006 intake) Management (August 2006 intake) Management (August 2006) Sponsored by: Sponsored by: Sponsored by: CWT Logistics Pte Ltd Mini Environment Service Pte Ltd Kewill-IPACS E-Solutions (S) Pte Ltd 7 / 20 0 Winner: Winner: Winner: FEATURE p5 / 10 Ms Chua Whei Yeng Journie, Mr Chan Siong Fea Mr Liew Jiun Haur 10 3 p10 FEATURE SLA Scholar (P) SLA New Premise 2 CA MI • Friendly Visit By Hungary’s Immediate Taking The Fear 08 The Singapore Packaging Our new address : 0 Former Prime Minister r2 By Roy Chan On 16 April 2008, SLA re-located to its new office premise at SPRING Singapore 2 Bukit Merah Central #04-02 Ap Out Of Retirement Building at Bukit Merah Central. The new premise with an office space of about SPRING Singapore Building 1,700 sw ft is able to accommodate more staff and has a state-of-the-art Training Singapore 159835 On 23 November 2007, His Excellency, Mr Peter Medgyessy, - Star Awards 2007 Room which can hold meetings, briefings and seminars for up to 20 participants. Tel: +65 6499 9799 Immediate Former Prime Minister of Hungary made a friendly n Ja Fax: +65 6499 9788 visit to SMa Federation. His purpose for the visit was to gain a Besides the common facilities, there is also an assignment drop-box where students can conveniently deposit their work projects even after office hours. In addition, Website: With the ushering of the new year, some of us might be planning Family better understanding of Singapore’s business environment and towards retirement, but could be worried about being ready? Members Leap Forward for there are internet kiosks to allow students to surf on-line, receive updates on course CONNECT invites local entrepreneur and author of “4 Steps to Discuss your retirement development of the manufacturing sector. schedules, course fee payment status etc. With this new office, SLA aims to provide Financial Freedom” (, plans with your family, 14 & 15 better and more efficient services to both our members and students. Mr Sean Toh to provides us with some simple tips. p especially your spouse. Chances are you’ll both His delegation was warmly welcomed by Mr Edwin Khew, Getting started is probably the hardest part of a retirement plan retire at about the same President of SMa together with Acting Secretary General, Mr. as it is easy to think that retirement is decades away. However, time so you need to be procrastination could cause you to lose thousands of dollars. in agreement on this Vincent Guok. Subsequently, a tour was conducted with the Procrastination could make the difference between a comfortable critical part of your life. delegates briefed about SMa Federation with its various Industry SLA and its retirement and one where you are barely getting by. If both you and your spouse have careers, the two of you Groups and Centres of Excellence. 27 February 2008 was the happiest moment for SLA Graduates If you’re between the ages of 20 and 40, you’re probably buying a house, a car, furniture, and thinking about your kid’s education would be contributing to this retirement fund. Make your decisions together and try to develop a plan that will be acceptable to both Apart from exchanging contacts to further explore business from the August 2006 intakes of Higher Diploma in Supply Chain fund. However, the most common reply from most Singaporeans is: “I barely have enough money for my monthly expenses. How parties. opportunities, the delegations shared briefly on Hungary’s economic 12 p 29 Be focus 8 p Management, Diploma in Integrated Logistics Management and can I save for retirement?” Even the best retirement plan could be in serious trouble if you growth, current industrial focus and possible collaborations in the p As housing, health care, transportation and education costs allow yourself to dip into it for frivolous luxuries. If your budget Diploma in International Freight Management. Joining them in this future.- CONNECT Graduates continue to increase, its little wonder that saving for retirement will doesn’t seem to cover all your expenses, chances are you are His Excellency, Mr Peter Medgyessy (Immediate Former Prime Minister joyous occasion were SLA Chairman, Training & Development take a back seat. But it doesn’t have to. confusing necessities with luxuries. >> of Hungary) with Mr Edwin Khew (SMa President) You probably think you can’t afford to save for your retirement Do you really need to upgrade your car or change new model for Committee members, lecturers, sponsors and invited guests. at this time. You’re wrong. Even a small amount invested wisely your mobile phone when it’s out in the market? Do you need to Asian Packaging Summit could be very beneficial in years to come. have an expensive holiday or that Louis Vinton’s bag just because Corporate Profile: SMa Appoints New of the urge of satisfying your inner desire to have them? This three billion yen (S$38.5 million) project is co-funded by Nihon A Conversation 2007 Packaging : Secretary- General Goal Setting Nikko Chemicals to build plant on Jurong Island The Asian Summit The ceremony was officially opened by speech from Mr Thomas If you’re convinced by now that you should start planning for your It is the little things that will eat into your budget. You don’t have to Surfactant Kogyo, a surfactant manufacturer which is part of the Nikkol Group - a group of seven companies providing technical Over a Glass of Wine retirement, so the next question will be, “How do I begin?” resort to doing without, but just spend wisely. NIKKO Chemicals, a supplier of cosmetic ingredients based in Sim, First Deputy Chairman of SLA and Chairman of the Training Tokyo, will build a plant on Jurong Island to produce ethoxylated support and solutions for the cosmetics and toiletries business. Firstly, list down your retirement goals. Goals may include travelling, Making Choices surfactants, chemical compounds used as cosmetic ingredients. & Development Committee. In his speech, he highlighted SLA’s retiring comfortably or enjoying an even better lifestyle than your Now that you have some money put aside, you need to think The plant is expected to be completed by this November and fully current one? Maybe you want to start a business that you have about investing so that your nest egg will grow. However, investing operational in 2009. long history in supporting freight & logistics training in Singapore. so much passion in that will empower others or contribute to the your money can present complex challenges to most people who Our heartiest appreciation to the sponsors for the awards : society in a meaning ways. are already so busy with their work and family commitments. S’pore biomedical start-up gets backing from German This achievement took place because of SLA’s continuous effort nanotechnology firm Whatever your goals, you will need an income. You could possibly Extraordinary care and effort are vital to preserve and enhance in reviewing its training courses to meet the industries’ demands, be retired for 30 or more years but that requires you to plan in how the financial success you want to achieve so that you have Nanostart AG, a leading German nanotechnology company has and its objective to provide and promote training that is realistic, • CWT Logistics Pte Ltd you can find ways to provide an income for several years. that nest egg waiting for you to enjoy. That’s when a financial made a 16.5 per cent investment in a Singapore-based start up cover services consultant can help you plan and make changes to your investment portfolio for your retirement when the changes are in called Curiox Biosystems. If you are thinking how much money you would actually need when practical and relevant to the industries’ needs. • Diamond International Consolidators (S) Pte Ltd you retire, you can visit response to actual changes in your personal situation rather than Curiox holds the patent for what’s called the DropArray. This is a retirement/home.asp and use the CPF calculator to assist you. to an emotional reaction to swings in the market or a change in technology platform in miniaturised aqueous bioassays that allows • Freight Links Logistics Pte Ltd Budgeting performance of a security that you hold when you are too busy to anticipate. researchers to conduct tests quickly and with lower costs. With the support from the Local Enterprise and Association CONGRATULATIONS! Next, if you already haven’t done so, create a budget. It will cut testing time by 60 per cent and costs by nearly 90 per • iHub Solutions Pte Ltd If you don’t have a clue about how much you spend from month Consult your financial representative cent, without compromising the accuracy of results. Development (LEAD) programme, SLA would be setting up a to month, keep a journal of every cent and dollar you spend for Deciding where to invest is a lot easier with the help of an • Kewill-IPACS E-Solutions (S) Pte Ltd three months. You’ll see where your money is going and be able to experienced professional. Get professional help when really you So life science agencies and pharmaceutical companies can benefit SLA Training Institute to augment the association’s capabilities to better manage expenses. do not know where to head. from huge savings in time and cost. Meanwhile, for consumers, it educate and train the logistics workforce. To achieve that target, • Mini Environment Service Pte Ltd Book Prize Winners – Higher Diploma in Supply Your budget must include a payment to your retirement plan even Remember, it’s better to save and have a plan than to enter your would mean cheaper drugs. COVER STORY p13 if it’s only a few dollars. later years with empty pockets and no strategy! - CONNECT p12 COVER STORY the association is working towards developing customised logistics • Rabobank International Chain Management degree programme, offering logistics scholarship and providing • Singapore Post Ltd SCM 1001 Supply Chain Management (R6/8-2006) SCM 1005 Contract Management (R6/8-2006) . online learning. The association would also be shifting to its new Sponsored by: Sponsored by: • Tri-Net Logistics (Asia) Pte Ltd Asian Packaging Summit 2007- CWT Logistics Pte Ltd Diamond International Consolidators premise at SPRING Singapore in its efforts to amalgamate training 25 October 2008 (Saturday) at Orchard Hotel, 7pm Winner: Ms Chua Whei Yeng Journie, (S) Pte Ltd Winner: Book Prize Winners – Diploma in International resources and to focus its priorities towards structured training in Packaging: The Asian Environment Further details on programme and opportunity for sponsorship will be announced in due course SLA Scholar Ms Chua Whei Yeng Journie, SLA Scholar Freight Management the next wave of the association’s developments. SCM 1002 International Transport Management (R6/8-2006) Sponsored by: 11 CWT Logistics Pte Ltd SCM 1006 Production & Operation Management (R6/8-2006) Sponsored by: IFM 101 International Trade Management (R11/8-2006) Sponsored by: inside spread By Dennis Toh Tri-Net Logistics (Asia) Pte Ltd Smiles of achievements were spotted amongst the SLA graduates Winner: Ms Christina Lee Chui Ngoh Singapore Post Ltd Winner: Winner: Mr Liew Jiun Haur during the ceremony. The brightest smiles could be seen on the SCM 1004 Financial Management Ms Chua Whei Yeng Journie, SLA Scholar faces of winners for the SLA Best Achiever Awards and Book (R6/8-2006) IFM 102 Air Freight Forwarding Operations (R11/8-2006) inside spread Sponsored by: SCM 1007 Global Marketing Prizes who were recognised for their excellent performances in CWT Logistics Pte Ltd Winner: Management (R6/8-2006) Sponsored by: Sponsored by: Singapore Post Ltd their studies. Ms Lea A. Lucin Freight Link Logistics Pte Ltd Winner: Winner: Mr Ang Liang Seng cover Ms. Chua Whei Yeng Journie, SLA Scholar IFM 103 Sea Freight Forwarding With the knowledge and training in logistics gained through SLA Operations (R11/8-2006) Sponsored by: courses, the graduates set off with the hope of contributing more Tri-Net Logistics (Asia) Pte Ltd and pursuing higher career in the industry. Congratulations to all Book Prize Winners – Winner: Mr James Phua Keok Wah graduates and best wishes to their future plans! Diploma in Integrated Logistics ILM 204 Purchasing Management IFM 104 Multimodal Transport Dr Carl Olsmats, General Secretary of World Packaging Organisation Mr Albert Lim, Chairman of Packaging Council of Singapore (PCS) and Management (R11/8-2006) President of the Asian Packaging Federation giving his welcome speech (R11/8-2006) Sponsored by: Sponsored by: ILM 201 Managing Local Distribution & Singapore Post Ltd Mini Environment Service Pte Ltd with food, participants were encouraged to adopt environmental Transportation (R11/8-2006) The year 2007 marked a significant milestone for the Asian Winner: Winner: friendly packaging in their businesses through the presentations of Sponsored by: Packaging Federation as APF celebrated their 40th anniversary Mr Chan Siong Fea Ms Sim Yuki some top practitioners in the packaging industry from around the Mini Environment Service Pte Ltd with the main thrust centred around the environmental sustainability Winner: globe who were presented their experiences and expert views on ILM 205 IT Applications in Logistics of using packaging. Ms Poh Hui Mien IFM 105 Customer Service & the topic. (R11/8-2006) Sponsored by: Relationship Management in Logistics For this special occasion, APF and PCS held a regional conference- ILM 202 Distribution Centre Operations (R11/8-2006) The 2-day event end with an Asia Star Award Gala Dinner with iHub Solutions Pte Ltd Packaging: The Asian Environment on 28 and 29 November 2007 (R11/8-2006) Sponsored by: the Singapore Packaging Star Award, Asia Star Award and World Winner: at Chijmes Hall. This was the first time such an event was held in Delegates filling the hall of the grand Chijmes Hall Sponsored by: Rabobank International Star Award as highlights of the evening. Mr Chan Siong Fea Singapore. iHub Solutions Pte Ltd Winner: Winner: Mr Liew Jiun Haur This event received a total of 200 delegates whom included countries Mr Chan Siong Fea ILM 206 Legal Issues in Logistics With arising environment issues becoming a threat to our quality Management (R11/8-2006) from Bangladesh, China, India, Indonesia, Japan, Korea, Malaysia, of life on earth, the packaging industry has been seen as one Sponsored by: IFM 106 Legal Issues in Freight New Zealand, Philippines, Singapore, Sri Lanka and Thailand. This ILM 203 Basic Principles of Multimodal of the key contributors to this problem in the form of household Tri-Net Logistics (Asia) Pte Ltd Management (R11/8-2006) was support by International Enterprise (IE) Singapore, SPRING Transportation packaging waste. Winner: Sponsored by: Singapore and World Packaging Organisation.- CONNECT (R11/8-2006) Mr Chan Siong Fea Tri-Net Logistics (Asia) Pte Ltd In spite the fact that packaging will always be a necessity especially Sponsored by: Singapore Post Ltd Winner: ILM 601 Basic Management Mr James Phua Keok Wah Winner: (R11/8-2006) Mr Halimi Bin Siraj Sponsored by: IFM 601 Basic Management The following are the winning entries from the Commercial Category of the Asia Star Award: Rabobank International (R11/8-2006) Erdinger Oktoberfest 2007 Starlite Printers (Far East) PTE Ltd Winner: Sponsored by: Wanin Industries PTE Ltd Mr Chan Siong Fea Fruitty Vitaminised - Flavoured Drinks Mini Environment Service Pte Ltd Su Yeang PTE Ltd Alive Yoghurt Winner: New Moon Super Premium Gift Set Goh Joo Hin PTE Ltd Mdm Chiang Lee Huang Danone Chipsmore Standee SCA Packaging Singapore PTE Ltd Dual Phone 3088 SCA Packaging Singapore PTE Ltd Officials of the APF on stage for the 40th Anniversary celebrations APF officials kicking start the celebrations Technical Wood Mould Pallets LHT Holding Ltd Tube III Pallet SCA Packaging Singapore PTE Ltdcover 3
  • 18. Client: Tampines Central CC Work Scope:cover Newsletter cover 5 Client: SingHealth Services Pte Ltd Work Scope: Newsletter inside spread inside spread
  • 19. Client:Sanden International(Singapore) LtdWork Scope:Corporate Identity &Marketing Materials SandenCabinfilterV2 copy 1.indd 2 3/6/08 9:53:04 AM corporate Information < > < < < < corporate Identity < Sand enPr ofileF A.ind d 2 3/6/08 3:32:5 6 PM Sand enRe frigera nts2 copy 2.ind d 2 product Leaflets Sand enCo mpres sorv2 copy 2.ind d 2 3/6/08 10:25 :00 AM packagingposter 3/6/08 9:54:2 2 AM
  • 20. Client:Prima Catering Pte LtdWork Scope:Corporate Identity Prima truck 1/2 Prima car namecard Prima truck 2/2 envelope letterhead
  • 21. Client:OAKS Family Office Pte LtdWork Scope:Corporate Identity Client: IAG Healthscience Pte Ltd Work Scope: Company Identity namecard corporate Identity namecard envelope letterhead letterhead envelope
  • 22. Client:QAF LimitedWork Scope:Company Identity Client: Partners Logistics (S) Pte Ltd corporate Identity Work Scope: Corporate Identity namecard namecardletterhead folder with insert envelope letterhead letterhead
  • 23. Client:Sembawang Town CouncilWork Scope:Discovery Map / Illustration / Annual Report My sense of pride contents illustration annual report Financial Chairman’s Management Review “The achievement was due to our prudent and judicious management of our finances, improved operational efficiency and “We will continually strive to improve on service delivery and the use of cost effective measures. In turn, the strong financial enhance the living environment in our Town, and make Sembawang standing would help us run an effective operation.” an even better place to live, work and play.”discovery map
  • 24. Client: Ministry of Education (MOE) Work Scope: North East School Zone, National Education Materials Story Book Illustration Posters posters illustration Client: Health Promotion Board (HPB) Work Scope:A1 poster Poster story book cover
  • 25. Client: Client:Tuas Power Supply Pte Ltd Marubeni Itochu Steel Tubulars Asia Pte LtdWork Scope:Calendar Work Scope: Calendar cover coverinside spread inside spread
  • 26. Client:World Vision (Singapore)Work Scope:CollateralsDirect Mailer direct mailer
  • 27. Client: National Library Board Work Scope: Bookmark covervisuals Client: Central Singapore Joint Service (CJSS) inside spread Work Scope: Brochure
  • 28. Client:National Heritage BoardWork scope:Event Collateral invitation card t: 65 6338 4988 f: 65 6338 8176 contact us Give us a call. We would be glad to pop by for a no-obligation inside spread discussion with you.programme booklet