Hap Sec Plantation Bhd Case Study

1.INTRODUCTION
The title for this project is “The business and financial performance of an organization over three years:MHC Plantations Bhd”.The project will entail a financial analysis and a business analysis of MHC Plantation Bhd (MHC) over the three year period of 2012, 2013 and 2014. Financial performance of MHC will be compared with one of its competitors, Hap Seng Plantations Holdings Berhad (Hap Seng), for the same periods.
Financial analysis is necessary for evaluating internal operations and activities to optimize profit and efficiency, while at the same time reducing the risk. Problem areas must be identified so that corrective, timely action may be taken (Shim, 2007). On the other hand, business analysis is all about change: changes in the business processes, changes in the information technology systems supporting business processes; changes in the way the organization does

These ratios will be related with a competitor’s ratios, which is Hap Seng. This will offer information on the financial performance of MHC and its competitor over the three year period and how they are performing financially in contrast.
Hap Seng has been chosen as a competitor of MHC because it is also listed in Bursa Malaysia. Therefore, the annual reports were easily obtainable. Hap Seng is of similar size to MHC and both of their main business is cultivation of oil palm. Hap Seng also has business setups across Malaysia.
The non-financial performance of MHC will be evaluated by studying the non-financial information disclosed in the annual report. This will contain a review of Independent auditor’s report, CSR report and the chairman’s statement. This will give understanding into non-financial matters concerning to the company such as environment, industry, future prospects, Corporate Governance, ethical and social