Krispy Kreme

1.0 INTRODUCTION


1.1 COMPANY BACKGROUND

Nestle (Malaysia), a part of Nestle Group, is engaged in the manufacturing, marketing and sale of food, confectionery and dairy products in Malaysia. The company is headquartered in Petaling Jaya, Malaysia, and employs around 5,000 people. The company recorded revenues of MYR3,744.2 million (approximately $1,066.4 million) in the fiscal year ended December 2009, a decrease of 3.4% compared to 2008. The company's operating profit was MYR439.9 million (approximately $125.3 million) in fiscal 2009, a decrease of 0.4% compared to 2008. Its net profit was MYR351.8 million (approximately $100.2 million) in fiscal 2009, an increase of 3.2% over 2008.


1.2 BUSINESS DESCRIPTION

      Nestle (Malaysia), a subsidiary of Nestle Group, manufactures and markets food, confectionery and dairy products in Malaysia. The company markets over 300 Halal (permissible to use as per Muslim religion) products, reflecting Malaysia's Muslim religious beliefs, and its exports are certified Halal by JAKIM (Jabatan Kemajuan Islam Malaysia) or the Department of Islamic Development of Malaysia.
      The company‚Äôs products are categorized into coffee and beverages, culinary aids/prepared foods, milks, liquid drinks, junior foods, breakfast cereals, chilled dairy, ice cream, chocolate and confectionery, healthcare nutrition, performance nutrition, and Nestle professional. Its major food products brands include MILO, NESCAFE, MAGGI, NESPRAY, LACTOGEN and KIT KAT. The company's products sales are aided by its six sales offices located at Kuala Lumpur, Johor Bahru, Penang, Kuantan, Kota Kinabalu, Brunei, and Kuching; and its products are manufactured at seven facilities in Malaysia. Its manufacturing facilities are based in Petaling Jaya and Shah Alam in Selangor, Chembong in Negeri Sembilan and Kuching, Sarawak. Nestle (Malaysia) also operates a national distribution center located in Selangor, Malaysia.


1.3 HISTORY

      Nestle...