The company sources building materials and machinery by reviewing customer specifications, obtaining price quotes and product samples from qualified suppliers, and proposing equivalent products if exact specifications are unavailable. Sourcing decisions are based on cost, delivery time, and availability to meet budget and timeline requirements. Customers are charged an all-in rate covering material cost, delivery cost, and profit markup. For the financial years ending December 31, 2023, 2024, and 2025, the sourcing of industrial supplies and rental of machinery segment generated approximately MYR 0.2 million, MYR 0.1 million, and MYR 43.52 million (approximately US$10.73 million), representing about 0.2%, 0.2%, and 51.9% of total revenue, respectively. A material contract is the New Shrimp Farm Development Contract dated June 30, 2022, with North Cube Sdn Bhd for the Wakuba New Prawn Farm Development project, which involved construction and installation works and was completed on June 28, 2024.
Mines Management Inc's Comment on Supply Chain
The company sources building materials and machinery by reviewing customer specifications, obtaining price quotes and product samples from qualified suppliers, and proposing equivalent products if exact specifications are unavailable. Sourcing decisions are based on cost, delivery time, and availability to meet budget and timeline requirements. Customers are charged an all-in rate covering material cost, delivery cost, and profit markup. For the financial years ending December 31, 2023, 2024, and 2025, the sourcing of industrial supplies and rental of machinery segment generated approximately MYR 0.2 million, MYR 0.1 million, and MYR 43.52 million (approximately US$10.73 million), representing about 0.2%, 0.2%, and 51.9% of total revenue, respectively. A material contract is the New Shrimp Farm Development Contract dated June 30, 2022, with North Cube Sdn Bhd for the Wakuba New Prawn Farm Development project, which involved construction and installation works and was completed on June 28, 2024.
Sources:
Mines Management Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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