MIRA INFORM REPORT

 

 

Report Date :           

25.08.2011

 

IDENTIFICATION DETAILS

 

Name :

SEMBAWANG SHIPYARD PTE LTD

 

 

Formerly Known As :

Sembawang Marine Pte Ltd

 

 

Registered Office :

Admiralty Road West Singapore 759956

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

20.08.1996

 

 

Com. Reg. No.:

199606058n

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Repair of Ships, Tankers and other Ocean-Going Vessels

Shipbuilding, Shipconversion and Repairs of all kinds of Vessels

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Maximum Credit Limit :

S$1,000,000

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Exists

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Singapore

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Executive Summary

 

Company Name

:

SEMBAWANG SHIPYARD PTE LTD

Registration No

:

199606058N

Date of Registration

:

20/08/1996

Former Name

:

1.SEMBAWANG MARINE & OFFSHORE ENGINEERING PTE LTD Eff. date : 20/08/1996 Eff. date : 20/08/1996

2.SEMBAWANG MARINE PTE LTD Eff. date : 25/03/1997 Eff. date : 25/03/1997

Date of Change of Name

:

25/06/1997

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

- ADMIRALTY ROAD WEST SINGAPORE 759956

Date of Change of Address

:

08/11/2002

Contact No.

:

6752 2222

Fax No.

:

6758 1025

Website

:

www.sembship.com

Registered Activities

:

1. REPAIR OF SHIPS, TANKERS AND OTHER OCEAN-GOING VESSELS

SHIPBUILDING, SHIPCONVERSION AND REPAIRS OF ALL KINDS OF VESSELS

2. MANUFACTURE AND REPAIR OF MARINE ENGINE AND SHIP PARTS

REPAIR OF MARINE ENGINE AND SHIP PARTS

Issued Ordinary Capital*

:

$40,000,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 40,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$40,000,000.00 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

4

No. of Local Associates

:

NA

Auditor

:

KPMG LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 769,047,000.00 (FY2010)

Net Worth

:

SGD - SIN 396,641,000.00 (FY2010)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

38

S1000 / SME 500 / FG50 Ranking

:

350 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

196 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2009/2010)

286 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

155 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2008/2009)

370 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2008/2009)

Compounded Annual Growth Rate (CAGR)

:

4.34% (4 years)

 

 

Credit Recommendation

 

Recommended Credit Line

:

S$1,000,000

 

 

SHAREHOLDER DETAILS

 

NAME

:

SEMBCORP MARINE LTD

SHAREHOLDER ID

:

196300098Z

NATIONALITY

:

SINGAPORE

ADDRESS

:

29 TANJONG KLING ROAD SINGAPORE 628054

NO. OF ORD SHARES

:

40,000,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

TANG KIN FEI

ADDRESS

:

31 MARGOLIOUTH ROAD MARGOLIOUTH VILLAS SINGAPORE 258557

POSITION

:

DIRECTOR

DATE OF APPT

:

16/01/2008

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0017721J

 

NAME

:

GOH GEOK LING

ADDRESS

:

37 JALAN KAMPONG CHANTEK SINGAPORE 588615

POSITION

:

DIRECTOR

DATE OF APPT

:

16/01/2008

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0040556F

 

NAME

:

WONG LEE LIN

ADDRESS

:

9 SARACA ROAD SELETAR HILLS ESTATE SINGAPORE 807356

POSITION

:

DIRECTOR

DATE OF APPT

:

01/04/2002

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0144997D

 

NAME

:

CHUA SAN LYE

ADDRESS

:

666 YISHUN AVENUE 4 #05-157 SINGAPORE 760666

POSITION

:

DIRECTOR

DATE OF APPT

:

01/08/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1491280J

 

NAME

:

ONG POH KWEE

ADDRESS

:

105 TAMARIND ROAD WASHINGTON VILLA SINGAPORE 806054

POSITION

:

DIRECTOR

DATE OF APPT

:

01/04/2002

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1509572E

 

NAME

:

TAN CHENG TAT

ADDRESS

:

51 ST. NICHOLAS VIEW SINGAPORE 568014

POSITION

:

DIRECTOR

DATE OF APPT

:

05/11/2008

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1696002J

 

NAME

:

TAN KWI KIN

ADDRESS

:

39 YUNNAN ROAD SINGAPORE 638245

POSITION

:

DIRECTOR

DATE OF APPT

:

26/08/1997

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1783535A

 

NAME

:

KOH CHIAP KHIONG

ADDRESS

:

7 CHWEE CHIAN ROAD #04-06 BANYAN CONDOMINIUM SINGAPORE 119749

POSITION

:

DIRECTOR

DATE OF APPT

:

01/07/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1801354A

 

NAME

:

WONG WENG SUN

ADDRESS

:

2 SARACA WALK SINGAPORE 807239

POSITION

:

DIRECTOR

DATE OF APPT

:

16/01/2008

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2567091D

 

NAME

:

SHANTI SINGARAM

ADDRESS

:

30 JALAN PAKIS CHESTNUT VILLE SINGAPORE 678613

POSITION

:

SECRETARY

DATE OF APPT

:

30/06/2000

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S6901170E

 

 

KEY PERSONNEL PROFILE

 

Name:

TAN KWI KIN

NRIC Number:

S1783535A

Available Address:

39 YUNNAN ROAD  SINGAPORE 638245

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

JURONG SHIPYARD PTE LTD

DIRECTOR

29/12/1999

-

-

2

KARIMUN SHIPREPAIR & ENGINEERING PTE LTD

DIRECTOR

26/08/1997

-

-

3

PPL SHIPYARD PTE LTD

DIRECTOR

09/04/2001

-

-

4

SEMBAWANG SHIPYARD PTE LTD

DIRECTOR

26/08/1997

-

-

5

SEMBCORP MARINE TECHNOLOGY PTE. LTD.

DIRECTOR

29/06/2007

-

-

6

SMOE PTE LTD

DIRECTOR

25/08/2006

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ACG JURONG MARINE PTE LTD

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

DIRECTOR

07/05/1991

-

2

AMMI SINGAPORE PTE LTD

STRUCK OFF

DIRECTOR

13/06/1996

-

3

BULK TRADE PTE LTD

LIVE COMPANY

DIRECTOR

06/06/1990

23/08/2011

4

CLAVON PTE. LTD.

LIVE COMPANY

DIRECTOR

30/12/1987

28/07/2011

5

INTERBLAST PTE. LTD.

GAZETTED TO BE STRUCK OFF

DIRECTOR

21/01/1988

28/07/2010

6

JPL CONCRETE PRODUCTS PTE LTD

LIVE COMPANY

DIRECTOR

19/02/1992

23/08/2011

7

JPL CORPORATION PTE LTD

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

08/09/1990

-

8

JPL INDUSTRIES PTE LTD

LIVE COMPANY

DIRECTOR

06/03/1991

23/08/2011

9

JURONG INTEGRATED SERVICES PTE LTD

LIVE COMPANY

DIRECTOR

31/01/2000

23/08/2011

10

JURONG MACHINERY AND AUTOMATION PTE LTD

LIVE COMPANY

DIRECTOR

02/05/2000

23/08/2011

 

11

JURONG SML PTE LTD

LIVE COMPANY

DIRECTOR

01/02/1996

23/08/2011

12

JURONG TECHNOLOGIES INDUSTRIAL CORPN.LTD

UNDER JUDICIAL MANAGEMENT

DIRECTOR

01/08/1994

-

13

MANDA FISHERY PTE LTD

GAZETTED TO BE STRUCK OFF

DIRECTOR

08/07/1980

-

14

NEPTUNE ASSOCIATED SHIPPING PTE LTD

LIVE COMPANY

DIRECTOR

26/03/1988

-

15

OFFSHORE JOINT SERVICES COMPANY OF SINGAPORE PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

20/11/1984

29/09/2009

16

ORIENT-CLAVON PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

26/02/1994

-

17

RIVERTON GROUP (S) PTE. LTD.

LIVE COMPANY

DIRECTOR

02/08/2007

03/08/2011

18

SEMBAWANG CORPORATION LIMITED

LIVE COMPANY

DIRECTOR

15/11/1993

-

19

SEMBAWANG SHIPYARD (S) PTE LTD

LIVE COMPANY

DIRECTOR

26/08/1997

20/07/2011

20

SEMBCORP LOGISTICS LTD

LIVE COMPANY

DIRECTOR

23/06/1994

-

21

SEMBCORP MARINE LTD

LIVE COMPANY

MANAGING DIRECTOR

01/04/1990

24/08/2011

22

ZHEN HUA (SINGAPORE) ENGINEERING PTE. LTD.

LIVE COMPANY

DIRECTOR

07/01/2002

11/08/2011

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

Year

Date of Filing

Amount

Cause Category

H

1241

2003

22/12/2003

SGD 441,600.31

SGD 150,000.00

SGD 397,401.38

SGD 11,113.70

SGD 55,300.00

SGD 552,018.17

SGD 552,018.17

-

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

SEMBAWANG SHIPYARD (S) PTE LTD

100

SEMBAWANG SHIPYARD PROJECT SERVICES PTE. LTD.

100

SES MARINE SERVICES (PTE) LTD

100

SEMBAWANG SHIPYARD SERVICES PTE. LTD.

100

 

                                                                                                                       

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

 

             

 

 

 

LITIGATION

 

The following litigation suits were traced against Subject. Case status is as per available. For the latest status of the suit, please obtain the full details of the suit through Litigation Detail Search (DLIT).

 

To date, there have been 38 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2011

Past Years

W.e.f 01 Jan 2011

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

10

District ($80,000 - $250,000)

1

11

High (>$250,000)

0

16

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Supreme Court

 

Case No.

:

356

 

Date of Filing

:

08/06/2000

 

Amount

:

0.00

 

Cause

:

CONTRACTS-WORK DONE & SERVICES RENDERED

 

Case Status

:

NA

 

Plaintiff

:

Y S SUPPLIES PTE LTD

KEPPEL TATLEE FINANCE LTD

 

Last Update Date

:

25/02/2004

 

2)

Court

:

District Court

 

Case No.

:

3817

 

Date of Filing

:

27/09/2001

 

Amount

:

178,383.46

 

Cause

:

Contract - Renovation

 

Case Status

:

CONCLUDED

 

Plaintiff

:

PIOW HONG PTE LTD

 

Last Update Date

:

15/06/2009

 

3)

Court

:

District Court

 

Case No.

:

4362

 

Date of Filing

:

11/10/2002

 

Amount

:

238,948.97

 

Cause

:

Monetary Claim

 

Case Status

:

CONCLUDED

 

Plaintiff

:

NORMANDIE BAIL

 

Last Update Date

:

23/05/2008

 

4)

Court

:

Supreme Court

 

Case No.

:

51

 

Date of Filing

:

16/01/2002

 

Amount

:

4,139,711.92

 

Cause

:

Contracts - General

 

Case Status

:

CONCLUDED

 

Plaintiff

:

LEIF HOEGH & CO ASA

LEIF HOEGH & CO SHIPPING AS

HOEGH GALLEON GAS LTD

 

Last Update Date

:

15/12/2004

 

5)

Court

:

Supreme Court

 

Case No.

:

1269

 

Date of Filing

:

25/10/2002

 

Amount

:

0.00

 

Cause

:

NEGLIGENCE-INDUSTRIAL(INJURIES)

 

Case Status

:

NA

 

Plaintiff

:

MANOKARAN SUBRAMANIAM

 

Last Update Date

:

29/10/2002

 

6)

Court

:

Magistrate Court

 

Case No.

:

416

 

Date of Filing

:

07/01/2002

 

Amount

:

3,594.40

 

Cause

:

Negligence - Motor Accidents (Not Injuries / Death)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

NG CHAK YONG

 

Last Update Date

:

23/05/2008

 

7)

Court

:

Magistrate Court

 

Case No.

:

5641

 

Date of Filing

:

09/03/2002

 

Amount

:

0.00

 

Cause

:

Negligence - Industrial (Injuries)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

MOHAMMAD SHAMSUL ALAM LATE ABDUL RASHID

 

Last Update Date

:

23/05/2008

 

8)

Court

:

Magistrate Court

 

Case No.

:

9599

 

Date of Filing

:

17/04/2002

 

Amount

:

0.00

 

Cause

:

Negligence - Industrial (Injuries)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

RAMASAMY RAMESH

 

Last Update Date

:

23/05/2008

 

 

9)

Court

:

Magistrate Court

 

Case No.

:

9691

 

Date of Filing

:

18/04/2002

 

Amount

:

2,766.75

 

Cause

:

Work Done And Service Rendered

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CABCHARGE ASIA PTE LTD

 

Last Update Date

:

23/05/2008

 

10)

Court

:

Magistrate Court

 

Case No.

:

25229

 

Date of Filing

:

30/08/2002

 

Amount

:

31,966.01

 

Cause

:

Good Sold And Delivered

 

Case Status

:

CONCLUDED

 

Plaintiff

:

LIGHTING DESIGN CO PTE LTD

 

Last Update Date

:

23/05/2008

 

11)

Court

:

District Court

 

Case No.

:

865

 

Date of Filing

:

20/03/2003

 

Amount

:

0.00

 

Cause

:

NEGLIGENCE-INDUSTRIAL(INJURIES)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

MANOKARAN SUBRAMANIAM

 

Last Update Date

:

02/05/2003

 

12)

Court

:

Magistrate Court

 

Case No.

:

34873

 

Date of Filing

:

06/10/2003

 

Amount

:

0.00

 

Cause

:

Negligence - Industrial (Injuries)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SHAMSUL HAQUE KAMAL UDDIN

 

Last Update Date

:

29/08/2007

 

13)

Court

:

District Court

 

Case No.

:

3618

 

Date of Filing

:

02/08/2004

 

Amount

:

100,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

SHAO JINSHAN

 

Last Update Date

:

02/12/2004

 

 

14)

Court

:

District Court

 

Case No.

:

1385

 

Date of Filing

:

22/04/2005

 

Amount

:

150,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

DHARMALINGAM KASINATHAN

 

Last Update Date

:

25/04/2005

 

15)

Court

:

District Court

 

Case No.

:

986

 

Date of Filing

:

15/03/2006

 

Amount

:

80,000.00

 

Cause

:

Tort - Negligence (Industrial Accident)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

KONATHALA ESWARA RAO

 

Last Update Date

:

03/07/2009

 

16)

Court

:

District Court

 

Case No.

:

1503

 

Date of Filing

:

21/04/2006

 

Amount

:

250,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

MOHAMMAD WAHIDUZZAMAN ABDUL JALIL BISWAS

 

Last Update Date

:

24/04/2007

 

17)

Court

:

District Court

 

Case No.

:

2959

 

Date of Filing

:

03/08/2006

 

Amount

:

100,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

KAN KAUNG

 

Last Update Date

:

01/09/2009

 

18)

Court

:

Supreme Court

 

Case No.

:

21

 

Date of Filing

:

11/01/2007

 

Amount

:

1,081,546.89

 

Cause

:

Contract - Provision of services

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SIN KIT ENGINEERING PTE LTD

 

Last Update Date

:

15/06/2009

 

 

19)

Court

:

Supreme Court

 

Case No.

:

606

 

Date of Filing

:

25/09/2007

 

Amount

:

707,690.15

 

Cause

:

Others / Miscellaneous

 

Case Status

:

CONCLUDED

 

Plaintiff

:

WORKS INFRASTRUCTURE PTE. LTD FORMERLY KNOWN AS CHAN & CHAN CONSTRUCTION PTE LTD

 

Last Update Date

:

15/06/2009

 

20)

Court

:

District Court

 

Case No.

:

1723

 

Date of Filing

:

30/05/2008

 

Amount

:

0.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Death)

 

Case Status

:

PENDING

 

Plaintiff

:

HASINA BHUIAN AKA HASINA BHUIYAN AS THE ADMINISTRATRIX OF THE ESTATE OF ROBEL MOHAMMED KADIR

 

Last Update Date

:

02/06/2008

 

21)

Court

:

Magistrate Court

 

Case No.

:

3803

 

Date of Filing

:

10/02/2009

 

Amount

:

60,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

JASWINDER SINGH

 

Last Update Date

:

11/02/2009

 

22)

Court

:

Magistrate Court

 

Case No.

:

5259

 

Date of Filing

:

20/02/2009

 

Amount

:

11,810.00

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

HONG YI HAO TRADING PTE LTD

 

Last Update Date

:

23/02/2009

 

23)

Court

:

Magistrate Court

 

Case No.

:

30945

 

Date of Filing

:

18/11/2010

 

Amount

:

5,900.00

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

SYSTEM X PTE LTD

 

Last Update Date

:

19/11/2010

 

 

24)

Court

:

District Court

 

Case No.

:

809

 

Date of Filing

:

10/03/2011

 

Amount

:

250,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

JESURAJ JOHN PETER

 

Last Update Date

:

16/03/2011

 

25)

Court

:

Supreme Court

 

Case No.

:

4695

 

Date of Filing

:

14/07/1984

 

Amount

:

33,000.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

TEE CHOO WEAT

 

Last Update Date

:

04/08/1984

 

26)

Court

:

Supreme Court

 

Case No.

:

2812

 

Date of Filing

:

27/03/1985

 

Amount

:

37,892.69

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

PEINIGER INT. (S) P/L

 

Last Update Date

:

09/04/1985

 

27)

Court

:

Supreme Court

 

Case No.

:

10222

 

Date of Filing

:

12/10/1985

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

ASODHA D/O SAWARAJ

 

Last Update Date

:

29/10/1987

 

28)

Court

:

Supreme Court

 

Case No.

:

2207

 

Date of Filing

:

NA

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

S.P. SHIP PAINTING & CLEANING

 

Last Update Date

:

02/12/1988

 

 

29)

Court

:

Supreme Court

 

Case No.

:

1080

 

Date of Filing

:

NA

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

COGENT ENT. P/L

 

Last Update Date

:

16/08/1990

 

30)

Court

:

Supreme Court

 

Case No.

:

2450

 

Date of Filing

:

NA

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

EUROSCAF IND.

LOH JEE HIN

 

Last Update Date

:

14/08/1992

 

31)

Court

:

Supreme Court

 

Case No.

:

606

 

Date of Filing

:

NA

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

ISMANGIL HAFID BIN ADIL

 

Last Update Date

:

11/07/1992

 

32)

Court

:

Supreme Court

 

Case No.

:

810

 

Date of Filing

:

NA

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

UNITED OVERSEAS BANK LIMITED

 

Last Update Date

:

14/05/1996

 

33)

Court

:

Magistrate Court

 

Case No.

:

18271

 

Date of Filing

:

NA

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

PLAINTIFF

 

Last Update Date

:

27/12/1993

 

 

34)

Court

:

District Court

 

Case No.

:

51137

 

Date of Filing

:

28/09/1998

 

Amount

:

149,559.50

 

Cause

:

Contracts - Work Done And Service Rendered

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SOH LEK T/A SOH BROTHERS FURNITURE

 

Last Update Date

:

15/06/2009

 

35)

Court

:

Supreme Court

 

Case No.

:

850

 

Date of Filing

:

03/06/1998

 

Amount

:

267,129.79

 

Cause

:

Contracts - Sale of Goods

 

Case Status

:

CONCLUDED

 

Plaintiff

:

LH & MH ENGINEERING PTE LTD

 

Last Update Date

:

15/06/2009

 

36)

Court

:

Supreme Court

 

Case No.

:

2349

 

Date of Filing

:

23/12/1998

 

Amount

:

0.00

 

Cause

:

Contracts - General

 

Case Status

:

TRANSFERRED

 

Plaintiff

:

JO TANKERS A/S

 

Last Update Date

:

25/07/2006

 

37)

Court

:

District Court

 

Case No.

:

50946

 

Date of Filing

:

17/09/1999

 

Amount

:

0.00

 

Cause

:

Contracts - General

 

Case Status

:

CONCLUDED

 

Plaintiff

:

JO TANKERS A/S

 

Last Update Date

:

28/05/2004

 

38)

Court

:

Supreme Court

 

Case No.

:

1581

 

Date of Filing

:

03/11/1999

 

Amount

:

912,461.94

 

Cause

:

CONTRACTS-SALE OF GOODS

 

Case Status

:

NA

 

Plaintiff

:

KEPPEL TATLEE FINANCE LTD

 

Last Update Date

:

03/11/1999

 

 

COMPLIANCE

 

Date of Last AGM

:

19/04/2011

Date of Last AR

:

16/05/2011

Date of A/C Laid At Last AGM

:

31/12/2010
 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

DEC 2010

% Change

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

769,047,000

0.72

763,543,000

888,838,000

837,341,000

648,847,000

Profit/(Loss) Before Tax

169,361,000

6.67

158,766,000

156,946,000

108,043,000

68,480,000

Profit After Tax attributable to Shareholders

140,028,000

4.62

133,845,000

130,280,000

91,711,000

53,084,000

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

923,271,000

23.66

746,626,000

789,024,000

632,239,000

597,494,000

Current Assets

692,810,000

33.03

520,810,000

563,885,000

416,290,000

344,361,000

Non Current Assets

230,461,000

2.06

225,816,000

225,139,000

215,949,000

253,133,000

 

 

 

 

 

 

 

Total Liabilities

526,630,000

13.91

462,340,000

559,077,000

466,936,000

457,440,000

Current Liabilities

509,061,000

15.64

440,221,000

521,031,000

421,007,000

342,220,000

Non Current Liabilities

17,569,000

-20.57

22,119,000

38,046,000

45,929,000

115,220,000

 

 

 

 

 

 

 

Shareholders' Funds

396,641,000

39.52

284,286,000

229,947,000

165,303,000

140,054,000

Share Capital

40,000,000

0.00

40,000,000

40,000,000

40,000,000

40,000,000

Total Reserves

356,641,000

45.99

244,286,000

189,947,000

125,303,000

100,054,000

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

DEC 2010

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Growth %

 

 

 

 

 

Year-on-Year Growth

0.72

-14.10

6.15

29.05

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

18.21

17.53

14.66

10.95

8.18

Return on Equity (%)

35.30

47.08

56.66

55.48

37.90

Return on Assets (%)

15.17

17.93

16.51

14.51

8.88

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.33

1.63

2.43

2.82

3.27

Current Debt/Equity (Times)

1.28

1.55

2.27

2.55

2.44

Long Term Debt To Equity (Times)

0.04

0.08

0.17

0.28

0.82

Total Asset To Total Equity (Times)

2.33

2.63

3.43

3.82

4.27

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.83

1.02

1.13

1.32

1.09

Fixed Assets Turnover (Times)

3.34

3.38

3.95

3.88

2.56

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.36

1.18

1.08

0.99

1.01

 

 

 

 

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2010

% Change

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

744,153,000

2.14

728,578,000

808,046,000

721,339,000

638,044,000

Profit/(Loss) Before Tax

144,626,000

4.40

138,530,000

145,795,000

84,135,000

75,035,000

Profit After Tax attributable to Shareholders

120,119,000

3.94

115,567,000

120,717,000

68,495,000

59,777,000

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

851,816,000

25.93

676,426,000

759,604,000

571,614,000

493,233,000

Current Assets

709,285,000

30.12

545,107,000

634,254,000

468,640,000

395,737,000

Non Current Assets

142,531,000

8.54

131,319,000

125,350,000

102,974,000

97,496,000

 

 

 

 

 

 

 

Total Liabilities

524,289,000

18.80

441,325,000

555,566,000

428,297,000

351,253,000

Current Liabilities

506,720,000

18.61

427,206,000

536,445,000

414,497,000

336,783,000

Non Current Liabilities

17,569,000

24.44

14,119,000

19,121,000

13,800,000

14,470,000

 

 

 

 

 

 

 

Shareholders' Funds

327,527,000

39.31

235,101,000

204,038,000

143,317,000

141,980,000

Share Capital

40,000,000

0.00

40,000,000

40,000,000

40,000,000

40,000,000

Total Reserves

287,527,000

47.37

195,101,000

164,038,000

103,317,000

101,980,000

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2010

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Growth %

 

 

 

 

 

Year-on-Year Growth

2.14

-9.83

12.02

13.05

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

16.14

15.86

14.94

9.50

9.37

Return on Equity (%)

36.67

49.16

59.16

47.79

42.10

Return on Assets (%)

14.10

17.08

15.89

11.98

12.12

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.60

1.88

2.72

2.99

2.47

Current Debt/Equity (Times)

1.55

1.82

2.63

2.89

2.37

Long Term Debt To Equity (Times)

0.05

0.06

0.09

0.10

0.10

Total Asset To Total Equity (Times)

2.60

2.88

3.72

3.99

3.47

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.87

1.08

1.06

1.26

1.29

Fixed Assets Turnover (Times)

5.22

5.55

6.45

7.01

6.54

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.40

1.28

1.18

1.13

1.18

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 4.34% (4 years).

 

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

 

 

Profitability

The group yielded a rate of net profit on sales of 18.21 per cent in FY10 (FY09: 17.53 per cent). The group is now able to book in SGD - SIN 0.18 of profit for every SGD - SIN of sales in FY10, as compared with SGD - SIN 0.18 a year ago.

 

 

Liquidity

 

Current ratio stood at 1.36 times in FY10 (FY09: 1.18 times). This means that the group has SGD - SIN 1.36 of current assets for every SGD - SIN of current liability incurred.

 

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

 

 

Leverage

Total debt-to-equity ratio notched 1.33 times in FY10, as compared with 1.63 times in FY09. This means that the group requires additional external financing of SGD - SIN 1.33 for every SGD - SIN injected into its operations.

 

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

 

 

Efficiency Ratio

 

Return on equity was 35.30 per cent for Subject in the current financial period, as compared to 47.08 per cent a year ago. The return on equity measures the return earned on the owner's investment.  Generally, the higher this return, the better off the owner.

 

 

Return on assets stood at 15.17 per cent (FY09: 17.93 per cent). The return on asset measures the overall effectiveness of management in generating profit with its available assets.

 

Total assets turnover ratio logged at 0.83 times in FY10 (FY09: 1.02 times). This ratio measures the group's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.77

UK Pound

1

Rs.75.58

Euro

1

Rs.65.97

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.