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IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Message from the President The year 2011 was very positive for the Italian Our presence in Malaysia is crucial and our mission Malaysian Business Association which began the is to be the bridge between the two Countries in journey with 48 members in October 2010 and order to increase business interaction, allowing within a year was able to reach 71 associate Italian and Malaysian companies to expand their members, 57 Italian and 14 Malaysian.

business activities in the two Countries and in the

IMBA during 2011 played a role in providing

wider ASEAN region.

commercial and services to our associate members, I would like to acknowledge the outstanding as well as to increase and strengthen the relations support that I have received during my term from among

the

Italian

and

Malaysian

business the Italian Ambassador, H.E. Folco de Luca

community through networking events or other Gabrielli, the Italian Trade Commissioner, Dott. cultural events.

Andrea Ambra and all our Sponsors and Partners.

Focusing on external positioning we have created a working relationship with MITI and MIDA through the participation to the First Joint Economic

Last but not least my deep appreciation for the work that has been done by the Board members and the staff of the Association.

Committee between Italy and Malaysia held in Milan. All the activities undertaken in 2011 and the excellent

relationships

established

with

the

Government Institutions, have allowed IMBA to access crucial information regarding incentives for investment in the region and all the necessary Massimo Giannelli documentation required to set up a new President organization in Malaysia. Despite global growth prospects have become increasingly uncertain. The Malaysian economy expanded by 5.1% in 2011 down from 7.2% in 2010, with growth being underpinned by domestic demand and weaker external demand also due to the crucial economic environment in Europe, where the sovereign debt crisis continues to affect sentiments worldwide. IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Members Directory 2011 Aerospace, defence, security energy and transport Finmeccanica Regional Office KL Mr. Antonio Restino Itamal Design Sdn Bhd SPV (Malaysia) Sdn Bhd

Architecture, Interior Design and Art Datò Luciano Mirri Mr. Paolo Cucchi Business Services

Consolsys Sdn Bhd Oriental Reality Rainbowcng Sdn Bhd Stileitalia Sdn Bhd Polyfaber Sdn Bhd

Mr. Marco Davì Mr. Lee Siew See Mr. Giuliano Vallini Mr. Alberto Grandoni Chemical / Pharmaceutical / Medical Mr. Antonio Delacchi Civil Work and Construction

Salini Malaysia Sdn Bhd

Mr. Mirko Tofani Consultant

TP Tiger Project Consulting Sdn Bhd

Mr. Rocco Papapietro

Fashion / Accessories / Knitwear / Textiles Anaika Collections Sdn Bhd Mr. Sharan Jethanand Valiram Ferragamo (M) Sdn Bhd Ms. San Fan Choy Food & Beverage Brighton Healt Sdn Bhd (Giovino Wine Shop Restaurant) Ciao Bar Caffe Ristorante Sdn Bhd Gelatomio Sdn Bhd ilLido Italian Dining & Bar Lounge (Dazzling Phoenix Sdn Bhd) Monte Verde (M) Sdn Bhd Rainbow Option Sdn Bhd (Sassorosso Restaurant)

Mr. Giovanni Koromilias Mr. Rudy Stecca Mr. Massimo Minneci Mr. Giuseppe De Vito Mr. Modesto Marini Mr. Giovanni Koromilias

Freight Forwarding / Logistic / Shipping / Transport Advanced Air Traffic System (M) Sdn Bhd (AAT) Mr. Paolo Fucile Interglobo Transunion (M) Sdn Bhd Mr. Bruno Liotta ISA Intergroup Agencies (M) Sdn Bhd Mr. Mohd Yusof Zaidin JAS World (M) Sdn Bhd Mr. Stephane Marot MTU Services (Malaysia) Sdn Mr. Foo Keong Leong

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Sri Inderajaya Holdings Sdn Bhd Naza Group of Companies

Holding Company Tan Sri Datò Seri A. Packiri Arumugan Datuk Wira Haji SM Faisal Tan Sri SM Nasimuddin

Pangkor Island Beach Resort Tanjung Rhu Resort, Langkawi

Hotels & Resorts Mr. Ermanno Cima Vivarelli Mr. Mohamed Kassim Badrul Hassan

Industrial and Manufacturing Agustawesland Malaysia Sdn Bhd Mr. Vincenzo Alaimo Ascot International SRL Mr. Michele Greca Biesse Asia Pte Ltd Mr. Gunter Serafini Industial Frigo SRL Mr. Roberto Pennocchio Fincantieri Cantieri Navali Italiani S.p.A. Mr. Luca Maria Martini LWE Engineering Sdn Bhd Mr. Chai Huat Eow Maccaferri Malaysia Sdn Bhd Mr. Ugo Castellotti Marelli Asia Pacific Sdn Bhd Mr. Enrico Viscardi MMHE-ATB Sdn Bhd Mr. Vincenzo Izzi Oto Melara S.p.A. Mr. Alfredo Giaccherini Power Cables Malaysia Sdn Bhd Mr. Dominic Waring STMicroelectronics Sdn Bhd Mr. Markus Morrica Technoindustries Asia Sdn Bhd Mr. Fabio Branda Information and Communication Technology Bitmoov Asia Pacific Sdn Bhd Mr. Marco Davì Linexcom Sdn Bhd Mr. Micheal Chua Jewellery Manufacturer Mr. Giuseppe Giglio

Piccio Giancarlo srl Saipem Malaysia Sdn. Bhd. Wasco Energy Group of Companies Pasqui Srl

Oil & Gas Mr. Mokthar Noh Mr. Giancarlo Maccagno

Printing / Publishing / Graphic design Ms. Valentina Pasqui

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Telecommunications M.E.I. SAS Martignon Silvano & Company Prysmian PoverLink Selex-Communications Selex Sistemi Integrati S.p.A. Siae Microelettronica Sdn Bhd

Mr. Ferdinando Ferri Mr. Borjan Sehovac Mr. Roberto Parciasepe Mr. Adrea Lico Mr. Carlo Corbò

Trade, Distribution of Products and Retail Avionix (M) Sdn. Bhd. Ms. Sheila Mia Singam Hatan Engineering Sdn Bhd Mr. Ricky Wah Teck Tan Orionis Technology Sdn Bhd Mr. James Wong Pacifica Appliances Sdn Bhd Mr. We Jun Cho Starlight Cosmetics Sdn Bhd Ms. Mandy Tang Vento Sdn Bhd Mr. Massimo Giannelli Trading Import-Export Fulltrd Sdn Bhd

Mr. Riccardo Mazzoni Travel and Tourism

Firepower (M) Sdn Bhd Insight Borneo Incentive & Tours Synergy Tours Sdn Bhd

Mr. Kenneth Karnan Mr. Gennaro Nardone Mr. Fabio Delisi Individual Members

Mr. Danilo Bordi Mr. Tommaso Bruzzese Mr. Micheal Chow Mr. Alberto Ciaramicoli Mr. Roberto Ferrini Mr. Francesco Grigolo Mr. Roberto Guerra Mr. Giorgio Migliorina Mr. Massimo Tancredi Mr. Pietro Paolo Martucci

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Highlights of the year 2011  71 members out of which 14 Malaysian companies and 57 Italians companies  2 Platinum Sponsors  2 Gold Sponsors  1 Co-operation Partner  1 MoU with Confindustria Vicenza (Italy)  2 staff members full-time (Operations Manager and Administrative Secretary)  Participated in two fairs (IGEM 2011 and Epicure Malaysia 2011)  Co-organized a fair with EUMCCI – Tastes of Europe Festival 2011  Organized two Networking Event (July and October 2011)  Organized a cultural event (Luca Ciarla in concert)  Designed all the formal administrative procedures and documents  Created advertising services  Created commercial services  Revamped of the Website (www.imba.org.my)  Created Facebook page (http://www.facebook.com/Italian.Malaysian.Business.Association.KL?ref=ts)  Obtained media coverage on Malaysia Trade Biz, The Star, EUMCCI review and some blog in Italy  Participation to the “First Malaysia-Italy Joint Economic Committee” in Milan on 26-27th September 2011  Participation to the “EU Day” in Penang on 21th June 2011 organized by EUMCCI  Meeting with Assocamerestero in Rome on 28th September 2011

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Events of the year 2011 Luca Ciarla Quartet in Concert A casual evening a concert presented by highly original tunes and arrangements which creating an irresistible Mediterranean jazz sound at "Ciao Restaurant” in Kuala Lumpur on 11 March 2011. AGM - Annual General Meeting The Annual General Meeting was held at Renaissance Hotel on 28 April 2011. The meeting was to introduce the new Executive Committee Members for 2011 as well as briefly inform all members

regarding

the

planning of activities and objectives for the period of 2011 until 2012. IMBA July Networking Event – 19 July 2011 On the 19th of July, Italian Malaysia Business Association (IMBA) members and friends gathered at “il Lido Italian Dining + Lounge Bar” for the first monthly IMBA networking event series. Among the participants to the event were the Italian Trade Commissioner, Mr. Andrea Ambra and the Chairman of the Malaysian Irish Business Network, Mr. Ron Anderson. 2nd Networking Event - October 2011 The Event took place in the beautiful atmosphere of the Balinese ambience at the sky garden on the rooftop of the Menara RKT where we could also enjoy the breathtaking panoramic view of KL tower and the city center.

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Fairs and Exhibitions of the year 2011 Tastes of Europe Fest 2011 The event was held on 27 May 2011 at Intercontinental Hotel, Kuala Lumpur where IMBA as co-organizer with EUMCCI in promoting Europe food and beverage industry to Asian market which has meet so many

IGEM 2011 - Renewable Energy Organized by the Minister of Green Technology and Water with the support of many other co-organizers. This event is being attended by more than 500 companies / organizations from around the world and over 80,000 visitors showing the great awareness and interest to be environmentally friendly. EPICURE 2011 16, 17 & 18 September 2011

Malaysia's Leading Lifestyle Fair gave an opportunity to catch up on the world’s latest tastes, creations and ideas in a whole wide range of lifestyle products and services, from gourmet foods, fine wines and cigars to home décor, appointments and appliances, to health and wellness, fitness and spa. Many samples of fine wines, spirits, cheeses, gourmet chocolates, and an abundance of other mouth-watering delicacies with a lots of great deals and offers ranging from gourmet foods, household items and premium lifestyle products from all corners of the globe.

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


MoU and Official delegation First Malaysia-Italy Joint Economic Committee (JEC) Meeting On Monday 26th September 2011, the first Malaysia-Italy Joint Economic Committee (JEC) meeting was held at Hotel "Principe di Savoia" in Milan. The aim of the meeting was to discuss the bilateral economic cooperation program between the two countries. The Committee was led by Hon. Paolo Romani, the Italian Minister of Economic Development, and by Hon. Dato' Sri Mustapa Mohamed, Minister of International Trade and Industry in Malaysia. Among the Italian delegation, two representatives from Italian Malaysian Business Association (IMBA), Mr. Massimo Giannelli, President of IMBA and Mr. Rocco Papapietro, Secretary General of IMBA, representing the Italian business community in Malaysia, giving an overview about the current situation of trade and investments in Malaysia. Media coverage on “The Star” newspaper on 28th September 2011 with the title “Eurozone crisis prompting Italians to look East”.

MoU between Confindustria Vicenza and Italian Malaysia Business Association The aim of the agreement is to strengthen the bilateral relations between Italy and Malaysia, it was signed by the President of “Confindustria Vicenza”, Roberto Zuccato and by the President of IMBA, Massimo Giannelli. IMBA and “Confindustria Vicenza” are engaging to promote their own activities and support companies who wants

to

join

and be part of trade promotion events such as fairs and workshops, developing reciprocal exchanges of technical and market information and promoting their own institutional activities.

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Membership Profile IMBA associated members for the year 2011 are 71 out of which 13 Malaysian companies (18%), 1 Malaysian Entrepreneurs (2%), 9 Italian Entrepreneurs (13%), 48 Italian Companies (68%).

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Executive Committee President

Director

Massimo Giannelli Director of Sales - Vento Sdn Bhd

Fabio Branda Managing Director - Technoindustries Asia Sdn Bhd

Vice President

Director

Enrico Viscardi Director - Marelli Asia Pacific Sdn Bhd

Alberto Ciaramicoli General Manager - Comlenia

Secretary General

Director

Fabio Delisi Rocco Papapietro Managing Director - Tiger Project – TP Consulting Chief Executive Officer - Synergy Tours Sdn Bhd Sdn Bhd Assistant Secretary General

Director

Pietro Paolo Martucci Former - UNIX Systems Manager CERN - Geneva

Francesco Grigolo Chief Sales Rapresentative - Mastrotto Brasil S.a

Treasurer

Director

Alberto Grandoni Chief Executive Officer - StileItalia Sdn Bhd

Massimo Tancredi Former Italian Trade Commissioner to Malaysia

Honorary President

Honorary Member

Antonio Restino President - Finmeccanica Regional Office KL

H.E. Folco de Luca Gabrielli Ambassador – Embassy of Italy

Staff Members Operations Manager

Administrative Secretary

Francesco Argento

Mokana Sundari Mariappan

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Financial Report IMBA posted a loss of RM 19,248 compared with a net profit of RM 53,945 in 2010 with only three months of activities. This leave IMBA with a reduced accumulated surplus of RM 46,672. The total income for 2011 stands at RM 146,305 compared to RM 66,035 in 2010 with Partnership & Sponsorship (76%), Events (5%), Business Assistance (4%), Membership (15%). The total expenses for 2011 stands at RM 164,399 compared to RM 12,089 in 2010 with Cost of Sales (13%), Employment expenses (49%), Operating Expenses (38%).

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Statement of Financial Position Fiscal Year, January 1, 2011 – December 31, 2011 December 31, 2011 Current Assets

RM 43,040

Fixed Assets

RM 3,632

TOTAL ASSETS

RM 46,672

Current Liabilities

RM 5,919

Equity

RM 40,672

TOTAL LIABILITIES AND NET ASSETS

RM 46,672

Statement of Activities Fiscal Year, January 1, 2011 – December 31, 2011 REVENUES

RM

Membership Fee

22,000

15%

Event and Activities

13,306

9%

Partnership & Sponsorship 110,000

76%

TOTAL ASSETS

% Of Revenues

145,305

EXPENSES

RM

Employment expenses

80,282

48%

Cost of Revenues

21,904

13%

9,000

5,5%

48,924

30%

4,289

2,5%

Rental Fees Operating Expenses Other Expenses TOTAL EXPENSES

164,399

NET INCOME

(19,247)

% Of Expenses

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Our Sponsors and Partners Platinum Sponsor

Gold Sponsor

Patrons Datuk Wira Haji SM Faisal Tan Sri SM Nasimuddin (NAZA Group) Tan Sri Dato' Seri A P Arumugam (Sri Inderajaya Holdings Sdn Bhd)

IMBA – Italian Malaysian Business Association G601, Block G, Phileo Damansara I, No.9 Jalan 16/11 (off Jln Damansara) 46350 Petaling Jaya, Selangor Malaysia Tel: +60379603136 – Fax: +60379603158 – E-mail info@imba.org.my – www.imba.org.my


Annual Report 2011 - Italian Malaysian Business Association