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BH GLOBAL MARINE LIMITED
ANNUAL REPORT 2012
OPERATIONAL REVIEW
SUPPLY CHAIN MANAGEMENT
The Supply Chain Management Division distributes a
myriad of marine and offshore electrical products such
as premium lighting systems, cables, consumables
and other electrical equipment from more than 300
renowned international principals. With an inventory
of around to S$30 million as at 31 December 2012,
consisting of more than 10,000 product line items
housed in the Group’s more than 200,000 square
feet of warehousing facility, the Division is able to
serve over 800 local and international customers
which include ship chandlers, ship owners, ship
management companies, shipyards operators and
ship repair contractors.
The Supply Chain Management Division remains to
be the Group’s core business unit and contributed
65% to the Group’s revenue for the year ended 31
December 2012 (“FY2012”) as compared to 56%
in FY2011. Revenue from this division rose 2% to
S$63.4 million in FY2012 (FY2011: S$62.0 million),
of which marine cables and accessories contributed
74%, marine lighting equipment and accessories
16% and others 10%.
MANUFACTURING
The Manufacturing Division comprises two sub-
divisions: Marine Switchboards (“MS”) and Galvanised
Steel Wire (“GSW”).
Z-Power Automation Pte Ltd (“Z-Power”) under MS,
specializes in assembly, manufacturing and repairing
of switchboards, distribution panels, consoles,
control systems and switchgears. It serves major
shipyards and ship owners in the ASEAN region for
new builds, conversion and conversion projects.
In January 2012, Z-Power entered into a Joint
Venture Agreement with IPE Automation Sdn. Bhd. to
establish a joint venture company in Vietnam, namely
Z- Power Automation (Vietnam) Co., Ltd. (the “ZPA
Vietnam”).
The principal business activities of ZPA Vietnam are
manufacturing of industrial electrical equipment,
including various kind of switchboards, transformers,
electricity controlling and management system,
industrial electricity signal system for marine, offshore,
factories, industrial manufacturing system as well as
installation and maintenance of such equipment.
CEO’S OPERATIONAL
AND FINANCIAL REVIEW
The Supply Chain Management
Division remains to be the Group’s
core business unit and contributed
65% to the Group’s revenue for the
year ended 31 December 2012
(“FY2012”) as compared to 56%
in FY2011.
VINCENT LIM HUI ENG
Chief Executive Officer
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