cont'd - KNM Steel Sdn Bhd

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KNM GROUP BERHAD I Annual Report 2012125Notes to the Financial Statements (cont’d)31. Subsidiaries (Cont’d)EffectiveCountry of OwnershipName of Subsidiary Principal Activities Incorporation Interest31.12.2012 31.12.2011 1.1.2011% % %Subsidiaries ofKNM InternationalSdn. Bhd.KNM Overseas (China) Investment holding. Malaysia 100 100 100Sdn. Bhd. @KNM Global Ltd. Provision of management, British 100 100 100procurement, businessVirgindevelopment, technical advisory Islandsand marketing services.KNM Oil & Gas (B) Dormant. Brunei 100 100 100Sdn. Bhd. *DarussalamKNM Engineering Services Design, engineering, technical and India 100 100 100Private Limited **project management services inrelation to process equipment,plant facilities and general facilitiesfor the oil, gas, petrochemicals,minerals processing and generalindustries.The Company has ceasedoperations.PT KPE Industries ^ An assets holding company and Indonesia 100 100 100shall own the land, manufacturingplant and machinery in relationto the Group’s intendedManufacturing facility at the KabilIndustrial Estate in Batam, Indonesia.Saudi KNM Ltd. ^ Production of platforms, towers, Saudi 51 51 51columns, pressure pipe, large Arabiabarrels, boilers, thermal transformers,large tanks and cooling fans.Subsidiary of KNMOverseas (China)Sdn. Bhd.KNM Special Process Design, manufacture, assembly, China 100 100 100Equipment (Changshu) commissioning and maintenance ofCo. Ltd. **process equipment, pressure vessels,heat exchangers, skid mountedassemblies, process pipe systems,storage tanks, specialised structuralassemblies and module assembliesfor the oil, gas and petrochemicalindustries within the China market.
126KNM GROUP BERHAD I Annual Report 2012Notes to the Financial Statements (cont’d)31. Subsidiaries (Cont’d)EffectiveCountry of OwnershipName of Subsidiary Principal Activities Incorporation Interest31.12.2012 31.12.2011 1.1.2011% % %Subsidiary of KNMInternational Sdn. Bhd.FBM - KNM FZCO *@ Design and manufacture of United 100 100 100air-cooled heat exchangers,Arabspecialty shell and tube heat Emiratesexchangers and process gas wasteheat boilers for the oil, gas,petrochemical and desalinationindustries.Subsidiary of KNMRenewable EnergySdn. Bhd.KNM-CIW Sdn. Bhd. Dormant. Malaysia 100 100 100Subsidiary of KMKPower Sdn. Bhd.Poplar Investments Limited ^ Property investment. Isle of 100 – –ManSubsidiary of KNM ProjectServices LimitedEnergy Park Investments Investment holding United 80 – –Limited ^KingdomSubsidiary of Energy ParkInvestments Limited ^Energy Park Peterborough Building a power station for United 80 – –Limited ^ renewable energy. Kingdom* Audited by a member firm of KPMG.** Audited by another firm of accountants.@ The financial statements of these subsidiaries are prepared on a going concern basis as the Group willprovide the necessary financial support, if required.^ Consolidated using management accounts as at 31 December 2012.
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