CORPORATE BACKGROUND

 

Keloil Bottling Sdn Bhd (previously known as Acceptive Sdn Bhd) was incorporated in August, 1996. It has a total paid-up capital of RM5,520,000 and an authorised capital of RM10,000,000. Keloil Sdn Bhd, a company incorporated in Malaysia wholly owned of the company’s shares.

 

In 1997, it constructed an LPG bottling plant located at Pantai Senok, Bachok, Kelantan, built on 10 acres of land. It has a filling carousel imported from Denmark through Crisplant and a storage bullet that has a capacity to store 140 MT of LPG. The plant started its operation on 21st October, 1998.

 

On 16th February, 1999, the company had entered into a joint venture agreement with Petroleum Authority of Thailand (PTT) to transfer its asset and liabilities of RM26,533,008 to the joint venture company, Keloil-PTT LPG Sdn Bhd (KPL). The company invested RM3,240,000 in this joint venture company, representing 60% of its total paid-up capital with the balance of the investment from PTT. Since 28th February, 1999, the company has ceased operation and remain only as a holding company.

 

Realising the market potentials to market LPG to the northern states of Peninsular Malaysia, KPL has taken the initiative to build another LPG storage and bottling plant in an Industrial Area of Bukit Kayu Hitam in Kedah. The ground breaking ceremony was conferred by the Y.A.B. Menteri Besar Kedah Dato’ Seri Syed Razak bin Hj, Syed Zain on 17th February, 2005. It was completed in October, 2005. The plant facilities are similar to that existed at Bachok, Kelantan with similar capacity.

 

In 2008, with the expected rise in the domestic demand for LPG, specifically, in the Northern States and East Coast of Malaysian Peninsular, the company is reactivated to trade on LPG from third party (other than from PTT) and utilised it for bottling services provided by KPL or sell it in bulk direct to potential customers, locally and overseas.

 

Together with KPL, it was categorised under the Business Sector 3 of the 2008 Business Consolidation of the New Keloil Group, that is, to provide LPG bottling services and trading of LPG, petroleum related products and forwarding services.

 

In 2009, the Company has taken over 100% of Keloil Trading Sdn Bhd from the holding company to better control its operation in the forwarding business, in particular, the clearance of imported LPG at Thailand borders.

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In April, 2013, there was a consolidation of LPG Bottling operation, whereby, the Company has taken over the bottling operation from KPL without taking over its asset. The investment of the company has also changed with the disposal of its shares in KPL and Keloil Trading Sdn Bhd to Keloil Sdn Bhd.

 

In October, 2014, Keloil Bottling Sdn Bhd’s plants have received recognition as complied to the ISO9001:2008 standard for provision of LPG bottling services.

 

 

THE BUSINESS

 

Keloil Bottling Sdn Bhd, initially, supplement the growing LPG demand by its bottling plants operated under KPL to service its customers at Bachok in Kelantan and Bukit Kayu Hitam in Kedah by supplying the domestic bulk LPG. In April, 2013, the Company took over the whole operation of KPL. The potential growth in this sector has called for other third party suppliers of LPG, apart from the LPG supply from PTT to be traded via this company.

 

The bulk of the LPG bottling services are the filling of domestic LPG cylinders for cooking. There are other commercial usages of LPG, for example for heating water and other industrial needs. In Thailand, the government is encouraging the use of LPG as fuel for vehicles due to its relatively cheaper price. In Indonesia, its government is encouraging its citizens to replace the use of woods and charcoals with LPG for domestic fuel requirement. Other emerging users of LPG are Vietnam, Cambodia and Myanmar. 

 

In another words, there are growing demands for LPG in the South East Asian market not only for the growing household requirements but also in the industrial and transportation industry.

 

 

CUSTOMER LIST

 

Our current LPG and petroleum related product customers are Petronas Dagangan Berhad (Petronas), NGC Energy Sdn Bhd (NGC), Boustead Petroleum Marketing Sdn Bhd (BHP) and Mygaz.

 

Our bulk LPG customers are local traders in industrial products.

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DIRECTORS AND MANAGEMENT TEAM

 

The present Board of Directors is as follows:-

 

Dato’ Wan Zainalam bin Wan Yusoff, is the Chairman of the Company and Keloil Group. He was appointed to the Board on 14th April, 2010. He is a businessman dealing with Shell service stations and general contract works, including property development and marketing of high end jewellery outlets. He holds a Bachelor degree in Economics (Business Administration) from Universiti Malaya in 1982.

 

Wan Zulkifle bin Wan Yusoff, is the Keloil Group Managing Director / CEO and was the first director named in the Article of Association of this Company. Prior to joining Keloil Group, he was with the International Marketing Division of PETRONAS for about 8 ½ years before transferring to PETRONAS Trading Corporation (PETCO) for another 3 years. He then joined SEDC of Kelantan, PKINK as a CEO for 8 years before he led a group of 3 management team of Keloil Sdn Bhd to buy over the shares of Keloil Sdn Bhd through an MBO exercise. He holds a degree in Economics (Business Administration) from Universiti Malaya, in 1981.

 

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Management Team

 

Mohamed Rithauddeen Che Hashim, is the General Manager of Corporate Affairs of Keloil Sdn Bhd, joined Keloil Group in September, 2004. He has vast experience in implementing a good and sound operating system, risk management and corporate governance apart from being a qualified Accountant. Previously, he served as an internal audit officer for almost 12 years with Arab-Malaysian Merchant Bank before joining Golden Pharos Berhad as an accountant for 4 years and subsequently as the Group Internal Audit Manager for another 4 years. He holds an honours degree in Accountancy from UKM in 1985. He is a Chartered Member of the Malaysian Institute of Accountants.

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Suffian Mohd Yusoff, graduated from University Malaya majoring in Economics. He joined Keloil Group in August, 2000 as a marketing executive and now holds a position of a General Manager of Keloil Bottling Sdn Bhd taking care of the LPG based business for the Group.

 

Rosde Sidik, is the Senior Manager (Operation Supply and Administration) of Keloil-PTT LPG Sdn Bhd. He graduated from University Technology MARA (UiTM) in 1993, majoring in Mechanical Engineering (Manufacturing). He joined the Keloil Group as the Production Engineer in 1997. Previously, he worked for Oriental Metal Industries (M) Sdn Bhd for 5 years before joining Keloil Group. He was exposed in technical environment especially in engineering improvement, new product development, maintenance, tools & dies etc.  

 

Syed Mohd Zaidi Syed Ager, graduated from University of Luton, UK, with an honours degree in Accounting in 1997. He joined Keloil Group in October, 2001 as an accountant and now holds a position of a Senior Finance Manager of Keloil Bottling Sdn Bhd.

 

Wan Zaikiah Hj. Wan Zakaria, is the Finance & Account Senior Manager of Keloil-PTT LPG Sdn Bhd. She joined the Group in September, 1997 as the Finance & Accounts Manager. She holds an honours degree in Accountancy from Universiti Utara Malaysia in 1989. She also holds a Diploma in Computer Science from UiTM.  She was the Accounts and Finance Manager with Harom LPG Industries Sdn Bhd before joining the Group. She is a Chartered Member of Malaysian Institute of Accountants.

 

Nik Zuraida binti Nik Mahdi, is the Manager for Human Resource Management and Administration for the Company. She joined Keloil Group since 1997. Prior to that she was an auditor with Coopers & Lybrand. She graduated from Liverpool John Moores University with an honours degree in Accounting and Finance in 1996.  She has experience in accounting, marketing, import and export, and financial modeling.

 

Wan Zakiah binti Wan Zulkifle, is the Assistant Manager for Risk Management & Audit System department. She was an internal auditor at KPMG Malaysia before joining Keloil Group. She graduated from Universiti Sains Malaysia (USM) with a Bachelor Degree in Accounting (Honours). She is an Associate Member of Institute of Internal Auditors Malaysia (IIA Malaysia).

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