01A N N U A L R E P O R T 2021
A N N U A L R E P O R T 2 0 2 1
K I M LY L I M I T E D02
Content
02 CORPORATE PROFILE
03 OUR BUSINESSES
04 OUR NETWORK
05 MILESTONES
07 MESSAGE TO SHAREHOLDERS
17 BOARD OF DIRECTORS
19 KEY MANAGEMENT
22 FINANCIAL HIGHLIGHTS
24 FINANCIAL REVIEW
27 CORPORATE INFORMATION
This annual report has been reviewed by the Company’s Sponsor,
PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”). It has not
been examined or approved by the Singapore Exchange Securities Trading
Limited (the "Exchange") and the Exchange assumes no responsibility for the
contents of this document, including the correctness of any of the statements
or opinions made or reports contained in this document.
The contact person for the Sponsor is Mr. Joseph Au, 16 Collyer Quay, #10-00
Income at Raffles, Singapore 049318, [email protected] sg.
Corporate
Profile
Kimly Limited (the “Company” or “Kimly”, and together with
its subsidiaries, the “Group”) is one of the largest traditional
coffeeshop operators in Singapore with more than 30 years
of experience. The Group operates and manages an extensive
network of 85 food outlets under “Kimly”, “foodclique” and a third
party brand, 139 food stalls comprising Mixed Vegetable Rice,
Teochew Porridge, Dim Sum, Seafood “Zi Char”, Kanaaji Japanese
Tonkatsu, two Tonkichi restaurants and seven Rive Gauche
confectionery shops.
While keeping to the heritage of a traditional coffeeshop that
provides affordable food for all, Kimly is also constantly
modernising to keep up with the times and changing consumer
trends, through digitalisation, strengthening the operations and
upscaling capabilities. All its food retail products are currently
available for online ordering through Deliveroo, Foodpanda,
GrabFood and Oddle.
The Group continues to proactively extend its footprints and
revenue streams through suitable merger and acquisition
(“M & A”) projects.
The Company was successfully listed on Catalist of the SGX-ST
on 20 March 2017.
K I M LY L I M I T E D02
03A N N U A L R E P O R T 2021
OUTLET MANAGEMENT DIVISION
Under our Outlet Management Division, the Group operates
and manages 67 coffeeshops, and seven industrial canteens,
and two food courts under the “foodclique” brand.
With our proven and established track record as a food outlet
operator, we have been able to attract quality and anchor
tenants with whom we have forged strong longstanding
relationships. As at the date of this report, Kimly maintained
a healthy occupancy rate of 98% for a total of 680 stalls within
our managed food outlets.
FOOD RETAIL DIVISION
Catering to a broad and varied customer base and supported by
our Central Kitchen, the Group’s 139 food stalls, two Tonkichi
restaurants and seven Rive Gauche confectionery shops under
our Food Retail portfolio comprises:
Our Central Kitchens supply sauces, marinades, pastries
and semifinished food prod ...