MIRA INFORM REPORT
|
Report Date : |
21.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
DEMATIC S.E.A. PTE. LTD. |
|
|
|
|
Registered Office : |
10 Eunos Road 8 #09-01a Singapore Post Centre Singapore 408600 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.09.2010 |
|
|
|
|
Date of Incorporation : |
09.12.2005 |
|
|
|
|
Com. Reg. No.: |
200517085e |
|
|
|
|
Legal Form : |
Limited Private Company |
|
|
|
|
Line of Business : |
Other Transportation Support Activities |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
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
|
: |
DEMATIC S.E.A. PTE. LTD. |
|
|
Registration No |
: |
200517085E |
|
Date of Registration |
: |
09/12/2005 |
|
Former Name |
: |
NA |
|
Date of Change of Name |
: |
NA |
|
Type of Company |
: |
LIMITED PRIVATE COMPANY |
|
Registered Address |
: |
10 EUNOS ROAD 8 #09-01A
SINGAPORE POST CENTRE SINGAPORE 408600 |
|
Date of Change of Address |
: |
13/09/2010 |
|
Contact No. |
: |
63983980 |
|
Fax No. |
: |
67450972 |
|
Website |
: |
|
|
Registered Activities |
: |
OTHER TRANSPORTATION
SUPPORT ACTIVITIES NEC SALES
& ENGRG SVCS FOR LOGISTICS MATERIAL HANDLING SYSTEMS |
|
Issued Ordinary Capital* |
: |
$3.00 SINGAPORE, DOLLARS ,NO.
OF SHARE : 3 |
|
Issued Preference Capital |
: |
NA |
|
Paid-Up Ordinary Capital |
: |
$3.00 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 |
: |
KPMG LLP |
|
Bankers / Financiers |
: |
NA |
|
Turnover |
: |
SGD - SIN 6,346,000.00
(FY2010) |
|
Net Worth |
: |
SGD - SIN 1,106,000.00
(FY2010) |
|
No. of Bank Charges |
: |
NA |
|
No. of Litigation Suits |
: |
1 |
|
S1000 / SME 500 / FG50
Ranking |
: |
|
|
Compounded Annual Growth
Rate (CAGR) |
: |
1.72% (4
years) |
Credit Recommendation
|
Recommended Credit Line |
: |
No Recommendation |
SHAREHOLDER DETAILS
|
: |
DEMATIC GROUP S.A.R.L. |
|
|
SHAREHOLDER ID |
: |
T11UF1743B |
|
NATIONALITY |
: |
LUXEMBOURG |
|
ADDRESS |
: |
2-8 AVENUE CHARLES DE GAULLE, L-1653, LUXEMBOURG |
|
NO. OF ORD SHARES |
: |
3 |
|
% OF SHAREHOLDING |
: |
100% |
|
CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
JOHN
PHILLIP CREELEY |
|
|
ADDRESS |
: |
7
WESTBOURNE ROAD NSW 2070 AUSTRALIA |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
24/11/2006 |
|
NATIONALITY |
: |
AUSTRALIAN |
|
I/C PASSPORT |
: |
E7593654 |
|
|
||
|
NAME |
: |
ALAN
FREDERICK BRADLEY |
|
ADDRESS |
: |
19
NASSIM HILL #02-03 NASSIM WOODS SINGAPORE 258482 |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
12/02/2010 |
|
NATIONALITY |
: |
AUSTRALIAN |
|
I/C PASSPORT |
: |
G5642276K |
|
|
||
|
NAME |
: |
POUL-HARRY
LORENTZEN |
|
ADDRESS |
: |
2
BROOKVALE WALK #03-12 BROOKVALE PARK SINGAPORE 599952 |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
09/12/2005 |
|
NATIONALITY |
: |
DANISH |
|
I/C PASSPORT |
: |
S2702008I |
|
|
||
|
NAME |
: |
LEAN
MIN-TZE |
|
ADDRESS |
: |
955
BUKIT TIMAH ROAD #02-11 NEXUS, THE SINGAPORE 589652 |
|
POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
07/02/2006 |
|
NATIONALITY |
: |
SINGAPORE
P.R. |
|
I/C PASSPORT |
: |
S7277153B |
KEY PERSONNEL PROFILE
|
POUL-HARRY LORENTZEN |
|
|
NRIC Number: |
S2702008I |
|
Available Address: |
2 BROOKVALE WALK #03-12 BROOKVALE
PARK SINGAPORE 599952 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
DEMATIC S.E.A. PTE. LTD. |
DIRECTOR |
09/12/2005 |
- |
- |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
|
|
|
|
|
||
Bankruptcy Record
|
Case
No. |
Year |
Date
of Filing |
Petitioner
Name |
Amount |
|
|
|
|
|
Litigation Search – Writ of Summons
|
Court |
Case No. |
Year |
Date
of Filing |
Amount |
Cause
Category |
|
|
|
|
|
|
SUBSIDIARIES AND ASSOCIATE
COMPANIES
|
Company |
Shareholdings (%) |
|
|
|
|
|
|
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 database. For the latest status of the suit, please obtain the full
details of the suit through Litigation Detail Search (DLIT) offered.
To date, there have been 1 litigation
suits filed against Subject.
The details are as follows:
|
Court |
: |
Magistrate
Court |
|
|
|
Case
No. |
: |
4364 |
|
|
Date
of Filing |
: |
21/02/2008 |
|
|
Amount
|
: |
1,640.00 |
|
|
Cause |
: |
Tort
- Negligence (Motor Accidents Without Death/ Injury) |
|
|
Case
Status |
: |
CONCLUDED |
|
|
Plaintiff |
: |
CHAN
YEOW CHONG |
|
|
Last
Update Date |
: |
08/11/2010 |
COMPLIANCE RECORDS
|
Date of Last AGM |
: |
|
|
Date of Last AR |
: |
30/03/2011 |
|
Date of A/C Laid At Last AGM |
: |
30/09/2010 |
FINANCIAL HIGHLIGHTS
|
Financial Figures |
||||||
|
|
SEP 2010 |
% Change |
SEP 2009 |
SEP 2008 |
SEP 2007 |
SEP 2006 |
|
Currency |
SGD - SIN |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
|
|
|
|
|
|
|
6,346,000 |
-51.02 |
12,957,000 |
22,013,000 |
23,873,000 |
5,927,000 |
|
|
Profit/(Loss) Before Tax |
11,000 |
NA |
(750,000) |
1,041,000 |
761,000 |
275,000 |
|
Profit After Tax attributable to
Shareholders |
5,000 |
NA |
(697,000) |
863,000 |
636,000 |
299,000 |
|
|
|
|
|
|
|
|
|
Balance Sheet Key Figures |
|
|
|
|
|
|
|
Total Assets |
4,519,000 |
-9.53 |
4,995,000 |
8,205,000 |
8,449,000 |
5,540,000 |
|
Current Assets |
4,027,000 |
-11.79 |
4,565,000 |
7,852,000 |
7,952,000 |
5,233,000 |
|
Non Current Assets |
492,000 |
14.42 |
430,000 |
353,000 |
497,000 |
307,000 |
|
|
|
|
|
|
|
|
|
Total Liabilities |
3,413,000 |
-12.35 |
3,894,000 |
6,407,000 |
7,514,000 |
5,241,000 |
|
Current Liabilities |
3,398,000 |
-12.01 |
3,862,000 |
6,352,000 |
7,455,000 |
5,241,000 |
|
Non Current Liabilities |
15,000 |
-53.13 |
32,000 |
55,000 |
59,000 |
0 |
|
|
|
|
|
|
|
|
|
Shareholders' Funds |
1,106,000 |
0.45 |
1,101,000 |
1,798,000 |
935,000 |
299,000 |
|
Share Capital |
0 |
NA |
0 |
0 |
0 |
0 |
|
Total Reserves |
1,106,000 |
0.45 |
1,101,000 |
1,798,000 |
935,000 |
299,000 |
|
|
|
|
|
|
|
|
FINANCIAL RATIOS
|
|
|||||
|
|
SEP
2010 |
SEP
2009 |
SEP
2008 |
SEP
2007 |
SEP
2006 |
|
Growth % |
|
|
|
|
|
|
-51.02 |
-41.14 |
-7.79 |
302.78 |
NA |
|
|
|
|
|
|
|
|
|
Profitability |
|
|
|
|
|
|
Profit Margin (%) |
0.08 |
-5.38 |
3.92 |
2.66 |
5.04 |
|
Return on Equity (%) |
0.45 |
-63.31 |
48.00 |
68.02 |
100.00 |
|
Return on Assets (%) |
0.11 |
-13.95 |
10.52 |
7.53 |
5.40 |
|
|
|
|
|
|
|
|
Leverage |
|
|
|
|
|
|
Total Debt/Equity (Times) |
3.09 |
3.54 |
3.56 |
8.04 |
17.53 |
|
Current Debt/Equity (Times) |
3.07 |
3.51 |
3.53 |
7.97 |
17.53 |
|
Long Term Debt To Equity (Times) |
0.01 |
0.03 |
0.03 |
0.06 |
0.00 |
|
Total Asset To Total Equity (Times) |
4.09 |
4.54 |
4.56 |
9.04 |
18.53 |
|
|
|
|
|
|
|
|
Asset Management |
|
|
|
|
|
|
Total Assets Turnover (Times) |
1.40 |
2.59 |
2.68 |
2.83 |
1.07 |
|
Fixed Assets Turnover (Times) |
12.90 |
30.13 |
62.36 |
48.03 |
19.31 |
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
1.19 |
1.18 |
1.24 |
1.07 |
1.00 |
|
|
|
|
|
|
|
FINANCIAL
COMMENTARY
Compound Annual Growth Rate
The company's CAGR is 1.72% (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 company yielded a rate of
net profit on sales of 0.08 per cent in FY10. The company is now able to book
in SGD - SIN 0.00 of profit for every SGD - SIN of sales.
Liquidity
Current ratio stood at 1.19 times in FY10
(FY09: 1.18 times). This means that the company has SGD - SIN 1.19 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 3.09 times in FY10, compared with 3.54 times in FY09. This means that
the company requires additional external financing of SGD - SIN 3.09 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 0.45 per cent for Subject in the current financial
period. 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 0.11 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 1.40 times in FY10 (FY09: 2.59 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.53.03 |
|
UK Pound |
1 |
Rs.82.34 |
|
Euro |
1 |
Rs.68.99 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.