Académique Documents
Professionnel Documents
Culture Documents
1. EXECUTIVE SUMMARY
Halagel Plant (M) Sdn Bhd a 100% subsidiary of Halagel (M) Sdn Bhd was established in order to provide the Muslim community locally and worldwide with a halal range of hard gelatin capsules and softgels !his was done in order to establish Malaysia as a country with a fully 100% Muslim owned" managed and operated company producing both empty Hard #elatin capsules and soft$gels Based on e%perience gained since the year &00'" Halagel (lant has determined that production of hard capsules in view of its initial high investment costs and technology and s)ills re*uired should preferably only be ventured into when it has been decided from the outset to embar) into mass production in order to ta)e advantage of the economics of scale Malaysia at present imports almost all of its empty hard capsule re*uirements+ and the doors into this segment of the mar)et alone is almost fully open for domestic manufacturers ,n addition" there is an increasing demand both in Malaysia and worldwide for genuine halal empty hard capsule shells ,t is based on this premise that we ma)e the following proposal for a separate new stand$alone company to concentrate fully and wholly on producing halal empty hard capsules for sale in the Malaysian and international mar)et -ith halal awareness growing globally and with Malaysia.s strategic halal hub advantages" this new venture should be able to grow at an e%ponential rate if managed carefully
/ote + According to MITI, Malaysian consumption of empty hard capsules is about 3.6 billion per annum and 100% of these capsules are imported and non halal
2. PROPOSED CAPITA STRUCTURE A. STRUCTURE SHAREHO DI!" Malaysian 0oreign Bumiputera ,ndian !echnology (artner /o of Shares % '0 % 10 %
!$
Categ$%&
!$. $' Pe%($nnel (C)%%ent) $*al +$%e,gn Pa%tne% 1 1 /il /il /il /il /il /il /il /il
1 &
3ey Management (roduction Management 4uality Management $ Manager $ Microbiologist $ 4uality 5nalysts $ 6ab 5ssistant $ Sorting 7 (ac)aging 48 (roduction (ersonnel :M8;< $ Shift Supervisor $ Machine =perator $ (roduction 4uality 8ontrol (roduction (ersonnel :#el (rep; $ Mi%er (roduction (ersonnel :Sorting; $ Sorters (roduction (ersonnel :(rinting; (lant 5dministration $ (urchasing 2%ec $ 5ccounts 2%ec $ Maintenance 2%ec $ Maintenance Shift $ HB 2%ec $ Store)eeper $ 8ler)s $ #eneral -or)ers Sales D Mar)eting TOTA
>
@ '
operation Since this machines are obtained from overseas ta%ation costs and fore% rates will also have to be ta)en into account 5; 2*uipment supplied by Safrroys G consisting of 9 units S0B$C01 0S' H 9 units drying hood H 9 units cyclone H @ sets dipping baths H 9 units presorters H 9 sets pin bars(' pin) H &9 units tan)s H & lot spares H & sets printing machines !otal 8ost < ISJ K1"CAA"C00 H >% e%cess ? ISJ K&"0AA"19> !a% at 10%< ISJ K@&@">09 Shipping 8ost< BM 1>0"000 00 8ommissioning D ,nstallation 8osts< ISJ K100"000 H BM @0"000 (6ocal 8osts) !otal 8ost :ISJ to BM rate of 1 111; ? BM C"0&A"C&& 00 B; 2*uipment supplied by others G consisting of gelatin mi%ers" homogeniFer mi%ers" fume cupboards" sorting tables" capsule measuring e*uipment" lab e*uipment and other small au%iliaries !otal 8ost< BM '00"000 00 T$tal C$(t Ite0 !$.11 RM 234253222.66
&; 8ivil wor)s re*uired to construct the production area and other areas including production rooms" mi%ing rooms" sorting and printing areas" washing rooms" raw material and finished goods storage and day use areas" laboratory etc" etc :0or @ machines with allowance made for easy e%pansion for a further 9 units; T$tal C$(t Ite0 !$.21 RM 237663666.66
1; 2lectrical wor)s and cabling for all areas and e*uipment :5gain for @ machines with allowance made for easy e%pansion for a further 9 units; T$tal C$(t Ite0 !$.#1 RM 137663666.66
9; Itilities and au%iliary machinery inclusive of main air conditioning chiller" boiler" hot water heaters" air compressors inclusive of all related piping :Main chiller preferably siFed for 9 machines while boilers and air compressors might be siFed for 10 machines; T$tal C$(t Ite0 !$.-1 RM 235663666.66
>; 8omplete 3athabar humidity control system for @ machines with easy e%pansion allowed for a further 9 machines 3athabar System for & machines< ISJ K&11"1@0 3athabar System for @ machines< ISJ K@90"0A0 Shipping 8ost< BM >0"000 !a%ation at 10%< ISJ K1C&"0&9 8urrency D ,nflation 2%cess at >%< ISJ K1&"009 !otal ISJ 8ost< ISJ KA@9"10A L 1 111 ? BM &"'0'"&>1 T$tal C$(t Ite0 !$.71 RM 234753666.66
@; (urchase" transport and re$installation costs of e%isting & machines with all au%iliaries from Halagel (lant Sdn Bhd T$tal C$(t Ite0 !$.81 RM -32663666.66
'; 2*uipment costs for wor)shop" laboratory" administrative office and storage 7 pac)aging facilities and waste water treatment facility T$tal C$(t Ite0 !$.41 RM 8663666.66 TOTA ESTIMATED I!ITIA CAPITA COST1 RM 2-36583222.66
MO!TH Y OPERATI!" COSTS 1 a) Staff -ages < BM &09"000 00 (1&1 staff) b) 2lectricity < BM 9>"000 00 c) -ater < BM @"000 00 d) Jiesel < BM 1@"000 00 e) 0actory Bental < BM 1>"000 00 f) Baw Materials < BM 9&>"000 00 T$tal M$nthl& C$(t(1 RM 4713666.66
!a)ing an average sales price of BM C per 1000 unprinted capsules" the above output gives a possible monthly sales figure of BM 1" >99"900 00 Based on costing calculations for hard capsule production :e%cluding initial investment costs;" the cost of production :Baw Material" Itilities" Staff -ages" 0actory Bental; per 1000 capsules is below BM >M giving an operating profit of at least BM 9 per 1000 capsules sold if the sale price is at BM C per 1000 capsules !his gives an estimated minimum operating profit monthly for the proposed capsule plant of BM 'C1"900 00 once the plant is operating at full normal capacity with the initial investment costs recovered in a period of 91 months of full operations and sales
(hone < HC1 11 &&AC '&9A7&&AC '191 0a% < HC1 11&&AC '91& 2$Mail < safrroysLcal vsnl net in -ebpage< www safrroys com 8ontact (erson< Mr Boy Narghese" 8hairman D 82=
2. P%$*e(( De(*%,<t,$n Ra? Mate%,al( Halal (harmaceutical #elatin is the basic starting material which has to be melted and blended with other raw materials such as J,$water" edible dyes" plasticiFer" titanium dio%ide" preservatives etc of prOcised temperature and humidity Ca<()le P%$d)*t,$n ,t is a semi automated production line involving a chain of processes including dipping" drying" precision trimming" stripping and Eoining in a controlled environment
!he Eoined capsules are then subEected to inspection and sorting followed by printing (if re*uired) "pac)ing " steriliFing and cartoning Stringent Pin$process *uality control monitoring is carried out. throughout the manufacturing process to adhere to the specified pharmaceutical specifications 0ull process documentation and validation has to be carried out to fulfill all aspects of worldwide c#M( compliance status
#. Te*hn$l$g& Stage !he proposed Hard 8apsule (roEect is a commercial investment in a manufacturing facility to meet sophisticated pharmaceutical demand asides from meeting halal alternative demand in pharmaceutical products for a growing customer base who are more conscious of the products that they consume -. Te*hn$l$g& A<<l,*at,$n( (roviding Halal 2mpty #elatin 8apsules for pharmaceutical industries locally and worldwide #elatin capsules are the preferred pharmaceutical dosage form for pac)aging of antibiotics" potent analgesics" medicines and most dried herbal preparations 7. Te*hn$l$g& Ad;antage and ,'e*&*le Halal #elatin 8apsule Manufacturing is an e%clusive industry for a committed business organiFation 4uality and confidence have to be continuously instilled to every level of the organiFation to ensure a niche margin in the competitive nature of gelatin capsule business !he life e%pectancy for the Hard 8apsule industry is e%pected to remain unchanged for the few decades at the minimum as this form of innovative capsule pac)aging has yet to face any significant alternative competitor
-5!2B
8H2M,856 48 &
48 1
M,Q,/# D M26!,/#
48 1 0J D JR2S S=6/
48 9
48 >
J,((,/# JBR,/#
S!B,((,/# 8I!!,/#
S=,/,/#
S8B5(
,M(B,/! M5!2B,56
48 '
(B,/!,/# S=B!,/#
48 A
48 C (583,/# M5!2B,56
48 10
(5835#,/#
MAR KET SIZE OF CAP SU LE U SAGE IN MALAY SIA (T ota l usa ge : 4 b ll o! "#s "e $ a !!u%&
B. MAR@ET STRATE"Y !he 2mpty Hard #elatin 8apsules produced will be mar)eted as a halal alternative product to traditional and health food products manufacturers and to pharmaceutical companies in Malaysia and around the world C. MAR@ET SUCCES +ACTOR 5rrangements for auditing by S53,M and certification by them can ensure that the hard capsules produced at the proposed plant are recogniFed as fully halal to prospective customers -ith the establishment of the proEect" we will become the one of the first 100% Muslim managed company in Malaysia to produce these halal hard capsules D. I!TE!DED MAR@ET !o supply to current Halagel customers who consume about 1A million capsules per month !he *uantity of usage of these customers will increase gradually as capsule availability is assured at reasonable prices !o supply to maEor pharmaceutical companies who consume about 100 million capsules per month !o supply to overseas companies e g S25 D Middle 2ast countries
E. CURRE!T OCA / " OBA P AYERS 6ocal players < #lobal players < /asmir Hard #elatin 8apsule Sdn Bhd 8apsugel" 4ualicaps" #lobal 8apsules" Medicaps 6td etc