MIRA INFORM REPORT

 

 

Report Date :           

20.12.2011

 

IDENTIFICATION DETAILS

 

Name :

TEC-HUB PTE LTD

 

 

Registered Office :

2 Kaki Bukit Avenue 1 #06-01/02 Singapore 417938

 

 

Country :

Singapore

 

 

Financials (as on) :

30.09.2006

 

 

Date of Incorporation :

09.05.1997

 

 

Com. Reg. No.:

199703136r

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Manufacture & Distribution of Anti-Corrosion Packaging Materials

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

----

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Singapore

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Executive Summary

 

Company Name

:

Tec-Hub Pte Ltd

Registration No

:

199703136R

Date of Registration

:

09/05/1997

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

Limited Exempt Private Company

Registered Address

:

2 KAKI BUKIT AVENUE 1 #06-01/02 SINGAPORE 417938

Date of Change of Address

:

05/10/2009

Contact No.

:

6547 0605

Fax No.

:

6234 0263

Website

:

www.intercepttechnology.com

Registered Activities

:

1. Other Business Support Services Activities Nec (Eg Administration Of Loyalty Programmes)

Manufacture & Distribution Of Anti-Corrosion Packaging Materials

2. Other Personal Service Activities Nec

Manufacture & Distribution Of Cleanroom Consumables & Esd Control Products

Issued Ordinary Capital*

:

$200,000.00 SINGAPORE, DOLLARS NO. OF SHARE : 200,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$200,000.00 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

:

NA

No. of Local Associates

:

NA

Auditor

:

Ctp Partnership

Bankers / Financiers

:

NA

Turnover

:

$3,861,997.00 (FY2006)

Net Worth

:

$264,564.00 (FY2006)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

Credit Recommendation

 

Recommended Credit Line

:

No Recommendation

 

 

SHAREHOLDER DETAILS

 

NAME

:

TNG CHUA HOCK

SHAREHOLDER ID

:

S0034278E

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

31 BISHAN STREET 11 #06-02 BISHAN LOFT SINGAPORE 579819

NO. OF ORD SHARES

:

120,000

% OF SHAREHOLDING

:

60%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LIM HAN KOON

SHAREHOLDER ID

:

A0426160

NATIONALITY

:

MALAYSIAN

ADDRESS

:

104 KELANG LAMA KULIM 09000 KEDAH MALAYSIA

NO. OF ORD SHARES

:

40,000

% OF SHAREHOLDING

:

20%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN WHYE DIEN

SHAREHOLDER ID

:

S1712342D

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

20 PEBBLE LANE SINGAPORE 437569

NO. OF ORD SHARES

:

40,000

% OF SHAREHOLDING

:

20%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

LIM HAN KOON

ADDRESS

:

104 KELANG LAMA KULIM 09000 KEDAH MALAYSIA

POSITION

:

DIRECTOR

DATE OF APPT

:

15/05/2001

NATIONALITY

:

MALAYSIAN

I/C PASSPORT

:

A0426160

 

NAME

:

CHUA SIEW CHOON

ADDRESS

:

31 BISHAN STREET 11 #06-02 BISHAN LOFT SINGAPORE 579819

POSITION

:

DIRECTOR

DATE OF APPT

:

22/01/2000

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0034219Z

 

NAME

:

TNG CHUA HOCK

ADDRESS

:

31 BISHAN STREET 11 #06-02 BISHAN LOFT SINGAPORE 579819

POSITION

:

DIRECTOR

DATE OF APPT

:

08/03/1999

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0034278E

 

NAME

:

TAN WHYE DIEN

ADDRESS

:

20 PEBBLE LANE SINGAPORE 437569

POSITION

:

DIRECTOR

DATE OF APPT

:

15/05/2001

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1712342D

 

NAME

:

LENA LEONG OI LAI

ADDRESS

:

309 YISHUN RING ROAD #04-1244 SINGAPORE 760309

POSITION

:

SECRETARY

DATE OF APPT

:

01/03/2004

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7000566B

 

 

KEY PERSONNEL PROFILE

 

Name:

TNG CHUA HOCK

NRIC Number:

S0034278E

Available Address:

31 BISHAN STREET 11 #06-02 BISHAN LOFT  SINGAPORE 579819

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

GREEN ENGINEERED MATERIALS & SOLUTIONS PTE. LTD.

DIRECTOR

20/05/2003

1

50.00

2

INTERCEPT TECHNOLOGY (ASIA) PTE. LTD.

DIRECTOR

14/06/2004

1

50.00

3

TEC-HUB PTE LTD

DIRECTOR

08/03/1999

120000

60.00

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ADDAX EQUIPMENT PTE LTD

STRUCK OFF

DIRECTOR/SHR

12/09/1992

01/03/2011

2

CLEANROOM LAUNDRY SERVICES PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

15/10/1990

-

3

CLEANROOM RESOURCES PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR/SHR

01/06/1989

06/11/2009

4

HEPA INDUSTRIAL SUPPLIES PTE LTD

STRUCK OFF

DIRECTOR & SECRETARY

06/03/1986

-

5

KARINNA SPORTS PTE LTD

STRUCK OFF

DIRECTOR & SECRETARY (

08/08/1986

15/05/1998

6

KNOWLEDGE TECHNOLOGIES PTE LTD

STRUCK OFF

DIRECTOR/SHR

12/02/1991

03/07/2008

7

MOULDING INDUSTRIES PTE LTD

LIVE COMPANY

DIRECTOR/SHR

11/07/1990

15/09/2011

8

NEW TECH RESOURCES PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR/SHR

27/06/1988

19/08/2003

9

OUT OF SAIGON PTE LTD

STRUCK OFF

DIRECTOR

20/10/1992

25/05/2006

10

REXON CREDIT PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

11/01/1982

-

11

TECLEAN GLOBAL NETWORK PTE. LTD.

STRUCK OFF

DIRECTOR

08/08/2007

-

12

THE ELECTRONIC BOOKSHOP PTE LTD

STRUCK OFF

DIRECTOR

20/10/1992

-

13

TRACO PTE. LTD.

LIVE COMPANY

DIRECTOR

16/08/1977

25/02/2011

14

UNIFORM SPECIALIST (SINGAPORE) PTE LTD

STRUCK OFF

DIRECTOR & SECRETARY

26/07/1984

-

 

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

No Trace

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES IN S’PORE

 

Company

Shareholdings (%)

NA

 

                                                                                                                       

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

 

Clear

 

 

COMPLIANCE

 

Date of Last AGM

 :

31/03/2011

Date of Last AR

 :

14/04/2011

Date of A/C Laid at Last AGM

 :

30/09/2010

 

 

FINANCIAL HIGHLIGHTS

 

Auditor’s Comments – True and Fair? Yes

 

 

Company

FINANCIAL YEAR

30/09/2006

$

% Change

30/09/2005

$

Turnover

3,861,997

-5.16

4,072,207

Profit Before Tax and Minority Interest

47,320

24.12

38,125

Profit After Tax and Minority Interest

42,893

13.63

37,749

ASSETS

 

 

 

Current Assets

1,831,795

1.73

1,800,561

Non-current Assets

4,584

50.30

3,050

Total Assets

1,836,379

1.82

1,803,611

LIABILITIES

 

 

 

Current Liabilities

1,401,810

-2.03

1,430,795

Long-Term Liabilities

170,005

12.48

151,145

Total Liabilities

1,571,815

-0.64

1,581,940

SHAREHOLDERS’ FUNDS

 

 

 

Share Capital

200,000

0.00

200,000

Retained Earnings

64,564

197.93

21,671

Shareholders Funds

264,564

19.35

221,671

 

 

FINANCIAL RATIOS

 

 

Company

FINANCIAL YEAR END

30/09/2006

30/09/2005

PROFITABILITY

 

 

  Rate of Net Profit (%)

1.11

0.93

  Return on Equity (%)

16.21

17.03

  Return on Assets (%)

2.34

2.09

  Return on Capital Employed

0.15

0.11

DEBT MANAGEMENT

 

 

  Total Liabilities/Equity (times)

5.94

7.14

  Current Liabilities/Equity (times)

5.30

6.45

  Long Term Liabilities/Equity (times)

0.64

0.68

  Debt Service Cover Ratio

0.20

0.14

  Short-term Borrowings-to-cash Ratio

0.48

0.11

EFFICIENCY MANAGEMENT

 

 

  Total Assets Turnover (times)

2.10

2.26

  Fixed Assets Turnover (times)

842.50

1,335.15

  Interest Coverage Ratio

3.88

10.08

  Average Payment Period (days)

50

55

LIQUIDITY MANAGEMENT

 

 

  Current Ratio (times)

1.31

1.26

  Quick Ratio (times)

1.09

0.99

  Average Collection Period (days)

99

101

FINANCIAL COMMENTARY

 

Profitability

 

 

The company yielded a rate of net profit on sales of 1.11 per cent in FY06 (FY05: 0.93 per cent). The company is now able to book in $0.01 of profit for every dollar of sales in FY06, as compared with $0.01 a year ago.

 

 

Liquidity

 

Current ratio stood at 1.31 times in FY06 (FY05: 1.26 times). This means that the company has $1.31 of current assets for every dollar of current liability incurred. Subject's current ratio is noted to be within the industry norm for the sector in which the company is operating.

 

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 liabilities-to-equity ratio notched 5.94 times in FY06, compared with 7.14 times in FY05. This means that the company requires additional external financing of $5.94 for every dollar injected into its operations. Subject's total liability-to-equity is noted to be higher than the industry norm for the sector in which the company is operating.

 

Generally, a total liability-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 16.21 per cent for Subject in the current financial period, as compared to 17.03 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 2.34 per cent (FY05: 2.09 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 2.10 times in FY06 (FY05: 2.26 times). This ratio measures the company'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.52.96

UK Pound

1

Rs.82.04

Euro

1

Rs.68.91

 

 

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.