1.

0 INTRODUCTION

Since the life had begun on earth human being had fought and struggle for food. When the
centuries had pass the food revolution also change, human started to cultivate the land, to
farm by raise the animals in order to make eating easier and less labour. Eventually people
started to barter, by exchange food with goods example chicken with loaf of bread, and later
to sell their product, to exchange food for other goods or earns profits from them. The sources
of food have increase dramatically and continued to change over time. When people in the
past had to fight to their meals people nowdays fight for promotions and advertisement for
food product of different types, quality, quantity and reasonable prices.

Although it might seem contradictory, in the past it was simple for people to make decisions
about what they would eat by hunting for food whichever animals which easily to catch and
able to provide most nutritious food. Humans being without knowing the optimal diet for
example that lead to the protein, fruits and vegetable. With the civilization, industrialization,
technological innovations mechanization the economic growth and increasing welfare of
people had change drastically overtimes.

The food industry in Malaysia had change and develop over a decades in order to satisfy
customer needs and consumer behaviour. This industry is characterized by complex system
and activities concerning and supply, consumption and delivery a food and product across
entire Malaysia.

Despite Malaysia being one of the top plantation countries such as Oil Palm and Rubber, we
had been a food importer a long time. According to the latest Quarterly Bulletin Utama from
Bank Negara Malaysia (BNM), Malaysian’s food imports forming of 24% of our total food
supply. As of August 2019, Malaysians food imports have reached RM34.2 billion, indicating
increase dependency on food purchases. Some number on food industry in Malaysia

 30% - 40% of our rice been imported

 More than 70% of our beef been imported
 Malaysia import RM7 billion worth of cereal in 2018 followed by coffee, cocoa, tea
and spices at RM7 billion, and feedstock at RM5.9 billion.
 Vegetable import value RM4.9 billion, fish and crustaceans are RM4.1 billion., fruits
at RM3.9 billion, sugar at RM3.8 billion and dairy products at RM3.8 billion.
All are these statistics show that Malaysia has yet to attain self- sufficiency in our food
supply.

Sources : Bank Negara Malaysia, 27 Group Analysis

HIGH IMPORT CONTENT ITEMS

bread and cereal

fish
milk and butter
imported fruits and vegetables
beef
1.1 MANAGEMENT INFORMATION SYSTEM

In business, management information system ( or information management system) are tools

use to supports processes, operations, intelligence, and IT. Management information system
tools that move the date and manage information. They are the core of information and
management system discipline and are often consider the first system of information age.

Management information system produce data-driven reports that helps businesses to make
the right decision at the right time. When management information system overlaps with
others business disciplines, there are some differences.

 Enterprise Resource Planning (ERP) : This discipline ensure all departmental system
are integrated. Management information system uses those connected systems to
access the date and to create the report.
 IT Management: This department oversees the installation and maintenance of
hardware and software that are part of Management Information System. This
distraction between two had been fuzzy.
 E-commerce : E-commerce provides date that the Management Information System
uses. In return Management information System reports based on the data that effect
e-commerce process.

This concept includes what computers can do in this field, how people can process
information and the best to make it accessible and up to date. Cumming add “ the right
information at the right time” is what we want. This discipline is much more eclectic than
straight computer science.
1.2 KAWAN FROZEN FOOD.

The roots of KAWAN FOOD BHD can be track back at1960s when the family of Mr Gan
Thiam made and sold pastries such as “ pau, spring roll and kuih”. All these are made
manually back then. Its only when at late 1970s when Mr.Gan Thiam Chai founded the sole
proprietorships, Kian Guan Tranding Co. and supplied traditional and homemade pastries
name “Kuih Bakul” and “ Kulit Pohpiah” to a local grocery shops and supermarket. In 1964,
Mr Gan Thiam incorporate Kian Guan Trading Co and started to manufacture ready to eat
(RTE) frozen food. Then Kian Guan subsequently Kawan Food Berhad. Its inspires product
and market product under brand name KAWAN. KAWAN FOOD BHD (KFB) able to run
the company professionally, full product driven and able to give equal emphasis to the both
Research and Development (R&D) as well as the Sales and Marketing. It became one of the
major supplier frozen food.

In 1984, Incorporative of KAWAN FOOD MANUCATURING (KFM) started exporting

their product to the first country in mid 1980s.Their first market export was Australia. In the
year of 2000, we establish new facilities at section 15and continue to invest heavily in our
employees and latest technology since.

It has strong and creative pool research personally, all of whom dedicate to create a new and
innovative food product. IT supports is one of the biggest domain in order to maintain the
product growth. The IT Support maintains the computer network all type of organizations,
providing technical support and ensuring the whole company runs smoothly.IT Support
monitors and maintains the company computer system, installs, configures hardware and
software and solve the technical issue as they arise because the nature of the job, some
companies may requires their IT support to undertake shift work.

In the year of 2002, KAWAN FOOD MANUFACTURING get awarded the Enterprise 50
Awards for 2002 by SMIDEC and Accenture. KAWAN FOOD MANUFACTURING
awarded the International Award For Best Performance by Council of International Awards
U.K. KAWAN FOOD MANUFACTURE also get the automation process of Roti Pratha
accredited with HACCP. KAWAN FOOD MANUFACTURE are proud to be the first
company in the world to manufacture frozen roti prathas and chapattis through automation.

More awards and recognition back in 2003,KAWAN FOOD MANUFATURE (KFM) also
incorporation with KG PASRTY MAKERTING SDN BHD ( KGPM) . They also able to
make an achievement awarded 7th Place in the Golden Bull Awards 2004 by Nayang Siang
Pau Berhad. KAWAN FOOD BERHAD also achieve the 1st Place in the Enterprise 50
Awards 2004 by SMIDEC and Delloite Consulting Malaysia Sdn Bhd. Subsequently, in 2005
Mr Gan listed his businesses under KAWAN FOOD BERHAD on BURSA Malaysia. He
made KAWAN FOOD BERHAD listed as the 2nd Board in Bursa Malaysia

In 2006, KAWAN FOOD BHD was valued at RM72.8 million in market capitalization.
KAWAN FOOD BERHAD able to incorporation with KAWAN FOOD (NATONG) Co.Ltd
in august 2006 and located in Natong Economic and Technology Development area in
Natong, Jingsu Province, China measuring 438,886.38sqt. KAWAN FOOD NATONG
(KFN) started to operate in China in year 2008. By 2008 KAWAN FOOD BHD expend their
wings in Malaysia by started renovating office and factory 48,265.33sqft in Section 16 Jalan
Kemajuan and in year of 2009 they moved in and started operation. At the same year they
also expend their journey to HONG KONG by incorporated and became KAWAN FOOD
HONG KONG ( KFHK).

2011 had been a shock to KAWAN FOOD BERHAD because they able to hit more than 100
million mark of Revenue of Sales. By than year also KAWAN FOOD NATONG ( KFN) able
to get accredited with ISO22000:2005 food safety management system. By than time
KAWAN FOOD MANUFACTURING (KFM) GROUP acquired a pcs of land in Selangor
Halal Hub in Pulau Indah measuring of 678,895.74 sq ft. After 3 years, in 2014 the
construction in Pulau Indah begun and by 2 years later they started operating their new Halal
hub there.

In 2016 KAWAN FOOD BERHAD are awarded as the Best Under Billion Awards (BUBA)
2016 (KAWAN FOO) as the Best Enterprise value growth. By 2017 its market capitalization
has grown to RM 1.1 billion, a multiple of 13.5 times from 2006 levels. Despite the
achievements, it had recently experience a fall in stock price, causing market capitalization to
drop to RM 805.3 million, at the point of writing. They able to achieve recognition as The
Edge Billion Ringgit Club 2017 as the highest return shareholder over 3 years.

VISION

To leading international company that provides products which create value and enhance
lifestyle of our customers.

MISSION

Enrich people’s life, market leader and create value.

 To enrich people’s lives through consistent delivery of high quality, safe and
convenient food.
 To be leader in developing our new innovative with advance technology.
 To create value in a sustainable way to our stakeholders and contribute to economic,
social and environmental development.

KAWAN FOOD BERHAD CORE VALUE

Responsibility

 We take ownership and responsibility of our results.

Teamwork

 We work as a team to achieve our mission by having open communication, mutual

respect and sharing knowledge.

Integrity

 We committed to be fair and honest in all our dealing and adhere to the highest ethical
standards.

Discipline

 We dedicate and committed to achieve higher efficiency and effectiveness

 Innovative

 We embrace new ideas and constantly chancing to meet customer’s needs.

KAWAN FOOD
MANUFACTURING SDN
BHD(100%)
manufacturing and sales of
frozen food product s

KG PASTRY MAKERTING SDN

BHD (100%)
trading and distubution of
frozen food products.

KAWAN FOOD ( HONG KONG) KAWAN FOOD (NATONG)CO

KAWAN FOOD BERHAD LIMITED(100%) LTD(100%)
Investment Holding trading and disrtubituin of manufacturing and distribution
frozen food oroducts. of food products.

KAWAN FOOD
HOT AND GO MANAGEMENT
CONFECTIONARY SDN BHD
SDN BHD (50%)
(100%)
operation and proprietorsof
Manufacturing and sales of
cafes, bisto and restaurant
frozen food products

KAYANGAN MANISAN (M) SDN

BHD (51%)
manufacturing and sales
products.

Corporate Group Structure of KAWAN FROZEN FOOD

 BOARD OF DIRECTORS KAWAN FOOD BERHAD

DIRECTOR
EXECUTIVE CHAIRMAN
KWAN
GAN THIAM CHAI
SOK KAY

DIRECTOR DIRECTOR
MANAGING DIRECTOR GAN ABDUL
TIMOTHY TAN HENG HAN THIAM RAZAK BIN
HOK SHAKOR

DIRECTOR DIRECTOR DIRECTOR

DIRECTOR
LIM PENG DR NIK LIM HUN
CHEN SENG
@LIM ISMAIL BIN SOON @
CHONG
PANG TUN NIK DAUD DAVID LIM
1.3 KAWAN FOOD BERHAD PRODUCTS.

KAWAN FROZEN FOOD BERHAD promises all about providing with authentic products
of the highest quality while making different in our life shareholders, consumers, business
partners, employees and the community. What has enable KAWAN FOOD BERHAD to
achieve market leadership is unwavering to the value of excellent, innovation, reliability,
growth, fairness, and good citizenship.

With those promises KAWAN FROZEN FOOD BERHAD able to provide the evident by
having HALAL CERTIFICATE, BRC FOOD CERTIFICATE, GLYCEMIC INDEX
CERTIFICATE and HACCP CERTIFICATE (food safety chart assurance system).

KAWAN FROZEN FOOD BERHAD able to go worldwide. They able to exported almost 40
country worldwide to Canada, Maldives, USA, Australia, France, Hong Kong, Greece,
Indonesia, Ireland, Italy, Netherland, New Zealand, Romania, Sweeden, UK, Abu Dhabi,
Brunei, China, Dubai, India, Japan, Kenya, Korea, Kuwait, Libya, Myanmar, Oman,
Philippines, Qatar, Singapore, South Africa, Timor Leste, Thailand, Bahrian, Saudi Arabia,
Seychelles, Vietnam.

Being an industry pioneer, KAWAN FORZEN FOOD BERHAD source and only use the
finest ingredients and use state of art technologies in our food product lines. A unique quick
freezing process, only used for higher- margin industry products is employed to ensure the
highest degree of freshness and longest possible shelf life, making good on the company’s
promise of not compromise on customer’s health and safety. JAKIM’s halal certifications, as
well as the honour being the first in the world to automate Roti Paratha and Cappati
productions, and the first Malaysian’s to build factory with the longest frozen of warehouse
that used Automated Storage and Retrieval System ( ASRS)

THE HIGH TECH FOOD PRODUCT LINES

 KAWAN FROZEN FOOD BERHAD use unique state of art food production lines to
a wide and verity of a product to answer increasing consumer demands worldwide.
QUICK FREEZING TECHNOLOGY

 Quick freezing method is use in KAWAN FROZEN FOOD BERHAD products, to

lock the freshness and the goodness of the products, so when it is prepared or reheated
at consumer’s end, they will taste the good as freshly as prepared.

IT SUPPORT PROFESSIONAL

 KAWAN FROZEN FOOD BERHAD able to get a good IT supporters. They need to
constantly evolving and adaptive technology transform the way company function,
perhaps nowhere more so than in the field of sales and marketing.

RESEARCH AND DEVELOPMENT

 Our innovative R&D team of engineers, Food Technology and Product Development
Expert constantly keep up with latest ingredient trends and technologies news to apply
in our manufacturing process to create unique products that meet the consumers
demands.

ASRS

 Our cold storage facilities used ASRS which enable us to have higher stock keeping
capacity with faster and more reliable operation of warehouse. It not only increase the
efficiency but also reduce the manpower and temperature fluctuation.
1.4 KAWAN FROZEN FOOD BERHAD PRODUCT DETAILS.

The Pulau Indah factory will enable the KAWAN FROZEN FOOD to increase the capacity
in its exiting products, as well as well leave the room for new product. KAWAN FROZEN
FOOD are looking at new products in new categories that could have a lot more potential in
Malaysia and other countries.

The KAWAN FROZEN FOOD bestsellers currently included paratha and chapatti.

The company has been looking to introduce more convenient food but will still stick with the
core products. “ their strength is frozen foods” . They will stay very much in that directions
although there could be some diversifications in their products.

These are the list of the products from

1. KAWAN BRANS
o Beancurd
o Bun
o Curry
o Fries
o Naan
o Onigiri
o Paratha and chapatti
o Puff pastry
o RTE ( instant nasi lemak royal, nasi kari ayam kapitan and etc..)
o Tortilla
o Vegetable
o Waffle

Brand that incorporated with KAWAN FROZEN FOOD BERHAD

1. KG PASTRY
 A household brand with more than 20 years of history, KG PASTRY boost the wide
range of high quality of frozen oriental pastries and delicacies
o Glutinous rice ball
o Oriental buns
o Springs rolls and samosa
o Spring rolls and samosa pastry
o Wanton & dumpling skin.
2. PASSION BAKE
From creating a legendary sandwiches to delectable pastries, passion bake make a
great snack and a meal anytime of a day.
o Garlic bread
o Pita bread (original)
o Pita wholemeal 5.5”
3. VEAT
Pre-season with wide variety of flavors and spices, VEAT takes pride of its unique
blend of taste texture to making it suitable for different types of cooking styles.
o Satay Veaty bites
o BBQ mixed veggies bites
o Thai fish cake
o Vegetable pakora

4. AMAN
A well -known international household brand name, KAWAN continues to supply only
the highest quality traditional south Asian flatebreads, pastries and curry.
o Aman samosa pad 8.5 inch
o Aman puff pastry 5 inch
o Aman kerela porottha
o Aman flaky paratha
o Aman fatira
o Aman chapatti
o Aman spring rolls pastry
 o Aman paratha (value packs)
o Aman paratha (original)

DETAILS OF COMPANY FASILITIES

LOCATION TENURE APPROX. DATE OF APPOX. ISSUANCE OF NET

OR THE OF LIST AGE OF ACQUISITION LAND CERT. OF BPPL
TITLE BUILDIN AREA / FITNESS VALUE
DETAIS G BUILT- RM
UP
AREA
Held under H.S Leasehold 2 years 12 October 2011 63,079.9 18 May 2018 102,301,0
(D) for a terms sq 59
NO.135852 of meters/
Mukim dan 99years, 49,404.8
Daerah Klang, expiring 2 sq
Negeri on feb meters.
Selangor with 2097
add.at Lot96,
sec4,phase2C
Selangor halall
hub, pulau
indah,
Selangor.
Held under Leasehold 40 years 28 may 2004 7,337.24 23 may 2007 5,018,878
H.S(D) for a terms sq meter/
NO.98527, of 99 6,417.91
Bandar Shah years sq.
Alam, Daerah expiring meters
Petaling Jaya, on 6
Negeri august
Selangor , with 2064
add. Lot 20,
Jalan Pengapit
15/19 , 40200
Shah Alam,
Selangor
Held under Freehold 21 years 31 may 2005 289.86 2 November 276,222
PTD 59709 sq.meters 1998
H.S(D) 207237 / 254 sq
Mukim Tebrau, meters
Negeri Johor
with the add at
No52, Jalan
Mutiara Emas
5/12, Taman
Mount
Austin,81100,
Johor Bharu.
Held under Leasehold 30 years 28 June 1999 4,484 24 September 1,641,090
H.S(D) 98490, interest for sq.metres 1990
PT NO, term of /3,149.43
617seksyen 16, 99years sq.metres
Bandar Shah expiring
Alam, Negeri on 20 July
Selangor with 2094
add at Lot 4,
Jalan Lada
Hitam 16/12A,
40000 Shah
Alam, Selangor
Held under H.S Leasehold 30 years 25 May 2005 21,796 7 May 1990 6,647,486
(D)98500 for interest for sq.meters
P.T. no714, a term of /3,584.91
seksyen 16, 99years sq.meters
Bandar Shah expiring
Alam Negeri on 20 July
Selangor with 2094
add.at Lot2A
Persiaran
Kemajuan,
seksyen 14,
4000Shah
Alam Selangor
Darul Ehsan.
Parcel No.2f- Freehold 20 years 16 May 2003 67.85 sq 27 March 2003 43,396
41C with add meters
at 41C-2F
Jalan Datuk
Dagang
31,Taman
Santosa,41200
Klang,
Selangor Darul
Ehsan.

Held under
Master Title
H.S(D) 56067
PT 59174 in
Mukin of
Klang, State of
Selangor Darul
Ehsan.
1.5 WEBSITE OF ORGANIZATION

Technology is the number one that forcing the changes of a business. Constantly involving
and adaptive technology transform the way of business functions, perhaps nowhere more so
than in the field of marketing. Business that hope to compete are in constant race to involve
and adopt this technologies before the technology became irrelevant, lest the business slips
and end up falling by the wayside.

The professional IT Support provider helps to manage , user, service, and device that are
integral to a KAWAN FROZEN BERHAD operations. Its help to guarantee the KAWAN
FROZEN BERHAD organizations network is current and that its technology provide
seamless operations across all departments, hierarchies, and roles within the company.

While every IT Supporter provider offer different service.

 Network monitoring, management and security

 Data backup and recovery
 Authentication
 Data storehouse, warehouse and management
 Process execution and enforment.

The advantages of having IT Supporters was

 Reduce labour cost.

Training and maintaining a large in house IT department. The most basic tech support
technology earn average of salary is RM 2501 monthly in Malaysia. Hiring IT
temporary often end in disappointment given a limited investment, bith mentally and
financially. Employing a company dedicated to IT support service, in the other hand,
brings highly skills workers at a fractions of a labour related cost.

 Lessen IT costs
 Installing IT infrastructure with network, server, security, storage and a whole host of
a components given extremely pricey. Outsourcing IT system supports transforms
fixed IT cost into a variable cost and able to give KAWAN FROZEN FOOD
BERHAD to budget accordingly. In a short KAWAN FROZEN FOOD BERHAD
only pay for what the company use, which can be a hude cost reduction. At to the cost
maintaining and service such as a system frequently exceeds the cost of initial outlay,
outsourcing seems wise.
 Provide uninterrupted flow of servise.
As a technology grows increasingly complex, hardware and software management has
become notable more challenging. With a saturated industry, particular sales and
marketing, KAWAN FROZEN FOOD BERHAD needs to be innovative in hardware
and software solution. They also need end to end networking and continuous flow of
functionally for internet, intranet and extranet. Professional IT network service
provider can fully handle such a technicalities.

 Dampen anxiety
When disaster management and recovery are tackled with competence, employee tent
to be less anxious. The challenges evident when the internet goes down or the
computer crashes not only physical, they are highly emotional. Workers worry about
loss of productivity, threatened security and disappearing information. With a skilled
IT service provider, such worries subside because service are up and running
smoothly.

 Remain focus on core business

Every manger likely feels there aren’t enough hours to tackle challenges. Having to
divide attention between core business function and IT related concerns limit potential
even more. Outsourcing IT allows employees to stay focused on what they are skilled
at, trained for and paid to do.

 Enjoy expanded resource

Although large business often have resource necessary to maintain and cutting edge
technology and service themselves, smaller businesses generally do not. This
 advantages play out in numbers of ways, such as in the level of productivity a
company enjoys, mobility and efficiency and that means able to reach out the propect.

 Decrease risk
There’s no way around it, business investment carries a level of risk. An ever-
evolving palette of government regulations, competitor, economic conditions and
technologies ensure this is case. When KAWAN FOOD BERHAD who provide IT
System support assume much of this risk. They harbour specific industry related
knowledge – most importantly those about security and compliance. With this
knowledge, they can better ascertain and avoid inherent risk.

 Increase competitiveness
KAWAN FROZEN FOOD BERHAD try to implement and maintain all of the IT
work themselves often have to dedicates substantially more research, development
and implementations. This result in two company higher cost and more time. This
costly passed to the customers, which that means the business became less
competitive. By taking longer to brings new product in market, their competitiveness
also suffer since other company are moving faster.

1.5.1 WEBSITE DETAILS

In order to know more about any company or product, they needed a website to show
every details what going and will be going about a company
KAWAN FOOD BERHAD already taking this into the next level because you not
only know about the products, but you also will be show on how many cooperation
that KAWAN FOOD FROZEN had
 Home
Where you can know about their cooperation countries , years of built and their
awards.
 Our story
What have KAWAN FROZEN FOOD BERHAD in market leadership and also their
product details.
 Brands
You will be introduce with their cooperation brands and also their own brands.
 Investor
You able to see export contribution , download their reports and etc.
 Career
In this page you will able to know their vacancy available
 Contact
They even put who to contact and send a massage to them
 Shop
Where you can buy their product buy shopping only at their website. They even put
new arrival product.
1.6 USE OF INTRENET IN BUSINESS

Given a the historical significance of a business of a political force and social. One might
assume there would be exist example and incisive scholarships into how business has shape
today’s internet. It had already implementing system and service and advocating for what had
become essential infrastructure. Such as assumption would be incorrect.

With some notable exception ( including Aspray and Ceruzzi 2008: Cortada 2004-08),
academic analysts have elevated individual internet user and foregrounded their networks
links and online behaviour. Nearly forty years after the internet protocol was conceived, the
structure and policy of the internet remain secondary topic.

 Research and competition

Some businesses use internet for search their competitors.
 Buy and sell
One of the basic use of internet is to sell the product and service. Business like
KAWAN FROZEN FOOD BERHAD create E-commerce to sell their frozen products
online selling eliminates the need for businesses to maintain a brick and mortar store.
This business can bulk buying frozen supplies and even know about the new products.
 Advertising
KAWAN FROZEN FOOD BERHAD uses the internet for finding new customers
through online advertising. Offering text and banner ads on website as well as
informational pieces, the internet allows advertise to reach potential customers
quickly and effectively. Pay per click advertisement are distributed on the internet,
allows KAWAN FROZEN FOOD potential customer search related to KFB business.

SECURITY RISK
Security risk in definition of Merriam-webster on her website is 1: someone could
damage an organization by giving information to an enemy or competitors. 2:
someone or something that is risk to a safety.
The board has establish a structure as an approach for continues identification,
assessment, treatment, monitoring and reviewing risk. The KAWAN FROZEN FOOD
BERHAD adopts 3 lines of defence and implementing its risk management:
1. First lines of defends
System of internal controls put in place by management which included controls
in relations to-day-to business together with supervisory procedure necessary to
ensure the compliance. The departmental heads are first line of defences which are
accountable for all risk under their respective area.
2. Second line of defence
Monitoring by internal risk management working and committee within the risk
management framework with the oversight by the “Audit Committee ( AC)”
3. Third lines of defence.
Internal and external auditor provide assurance to the AC and Board that internal
control is operating effectively. The AC responsible for reviewing the
effectiveness of the risk management and internal controls based on information
and assurance provided.
 Descriptive analysis

2011(RM’00 2012(RM’00 2013(RM’00 2014(RM’00 2015(RM’00

0) 0) 0) 0) 0)
Liquidity
ratio
CA- 3.380154223 3.137975766 2.587935144 2.842308866 1.711922086
inventory
Current
liabilities
Operational
risk
Operating 0.240566 0.671797617 0.169093208 0.048562155 0.115541509
expenses
Revenue
Counterpar
ty risk
Account 45.09202922 77.45125755 66.65848935 12.58823699 15.9133007
receivable
Annual
credit
sales/360
Leverage
ratio
Debt to asset 0.011509977 0.006080923 0.004920068 0.005377515 0.004381014
ratio = total
debt
Total Asset
This shown that during the year 2011 until 2015, overall the performance of KAWAN
FROZEN FOOD BERHAD was showing positive results for all the performance of liquidity
ratio and the return in asset in annual basis. However this company having a quite high risk
between 2011 until 2015, but they manage to control the risk they also manage to increase
their ROA and liquidity ratio from year to year. This shown us that the company has a
potential to generate more profits in the future and imposed lower liabilities in a way to do it,
because their liquidity ratio good enough to cover when due to something unpredictable.
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http://hbr.org/2010/03/thebestwaytomeasure

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http://www.merriem-webster.com/dictionary/securityrisk

Kawan Frozen Food Berhad – truly Friendlicious. The Kawan Frozen Food Berhad website.
Retrieved on May 28, 2020 from kawanfood.com

The star- the going of kawan frozen food demands. Kawan food to ride on growing frozen
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