MIRA INFORM REPORT
|
Report Date : |
21.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
MURATA MACHINERY SINGAPORE PTE LTD |
|
|
|
|
Registered Office : |
8 Marina Boulevard #05-02 Marina Bay Financial
Centre Singapore 018981 |
|
|
|
|
Country : |
Singapore |
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|
|
|
Financials (as on) : |
31.03.2011 |
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|
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Date of Incorporation : |
02.03.1988 |
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|
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Com. Reg. No.: |
198800649d |
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|
|
|
Legal Form : |
Limited Private Company |
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|
|
|
Line of Business : |
Engineering Activities |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
S$1,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
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|
|
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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
|
: |
MURATA MACHINERY
SINGAPORE PTE LTD |
|
|
Registration No |
: |
198800649D |
|
Date of Registration |
: |
02/03/1988 |
|
Former Name |
: |
NA |
|
Date of Change of Name |
: |
NA |
|
Type of Company |
: |
LIMITED PRIVATE COMPANY |
|
Registered Address |
: |
8 MARINA BOULEVARD #05-02
MARINA BAY FINANCIAL CENTRE SINGAPORE 018981 |
|
Date of Change of Address |
: |
01/10/2010 |
|
Contact No. |
: |
6545 1228 |
|
Fax No. |
: |
6545 2221 |
|
Website |
: |
NA |
|
Registered Activities |
: |
1. ENGINEERING ACTIVITIES
NEC PROV OF INSTALLATION
& MAINTENANCE SVCS FOR AUTOMATED MATERIAL HANDING SYS 2. ACTIVITIES OF HEAD AND
REGIONAL HEAD OFFICES |
|
Issued Ordinary Capital* |
: |
$2,000,000.00 SINGAPORE,
DOLLARS, NO. OF SHARE : 2,000,000 |
|
Issued Preference Capital |
: |
NA |
|
Paid-Up Ordinary Capital |
: |
$2,000,000.00 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 |
: |
NA |
|
No. of Local Associates |
: |
NA |
|
Auditor |
: |
PRICEWATERHOUSECOOPERS
LLP |
|
Bankers / Financiers |
: |
NA |
|
Turnover |
: |
SINGAPORE, DOLLARS
33,075,602.00 (FY2011) |
|
Net Worth |
: |
SINGAPORE, DOLLARS
6,594,201.00 (FY2011) |
|
No. of Bank Charges |
: |
NA |
|
No. of Litigation Suits |
: |
NA |
|
S1000 / SME 500 / FG50
Ranking |
: |
|
|
Compounded Annual Growth
Rate (CAGR) |
: |
76.01% (4
years) |
Credit Recommendation
|
Recommended Credit Line |
: |
S$1,000,000 |
SHAREHOLDER DETAILS
|
: |
MURATA MACHINERY,LTD |
|
|
SHAREHOLDER ID |
: |
T06UF0379E |
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NATIONALITY |
: |
JAPAN |
|
ADDRESS |
: |
136 TAKEDA-MUKAISHIRO-CHO FUSHIMI-KU KYOTO 612 JAPAN |
|
NO. OF ORD SHARES |
: |
2,000,000 |
|
% OF SHAREHOLDING |
: |
100% |
|
CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
TAKESHI
KISHIMOTO |
|
|
ADDRESS |
: |
5
SIGLAP ROAD #06-51 MANDARIN GARDENS SINGAPORE 448908 |
|
POSITION |
: |
DIRECTOR MANAGING
DIRECTOR |
|
DATE OF APPT |
: |
01/10/2011 01/10/2011 |
|
NATIONALITY |
: |
JAPANESE |
|
I/C PASSPORT |
: |
F1982095P |
|
|
||
|
NAME |
: |
DAISUKE
MURATA |
|
ADDRESS |
: |
18-5D
KAMI MIYANOMAE-CHO, SHISHIGATANI SAKYO-KU KYOTO 606-8447, JAPAN |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
22/09/2004 |
|
NATIONALITY |
: |
JAPANESE |
|
I/C PASSPORT |
: |
MS6770968 |
|
|
||
|
NAME |
: |
ANTHONY
ANNE CATHARINE |
|
ADDRESS |
: |
8
LORONG 29 GEYLANG #07-06 SINGAPORE 388064 |
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POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
28/06/2001 |
|
NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1347717E |
|
|
||
|
NAME |
: |
MASAKAZU
YAMAMOTO |
|
ADDRESS |
: |
2-9-10,
SHIKANODAI NISHI IKOMA NARA JAPAN |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
20/04/1998 |
|
NATIONALITY |
: |
JAPANESE |
|
I/C PASSPORT |
: |
TH2240566 |
KEY PERSONNEL PROFILE
|
TAKESHI KISHIMOTO |
|
|
NRIC Number: |
F1982095P |
|
Available Address: |
30 LOYANG WAY #05-17 SINGAPORE 508769 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
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|
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Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
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Bankruptcy Record
|
Case
No. |
Year |
Date
of Filing |
Petitioner
Name |
Amount |
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|
|
Litigation Search – Writ of Summons
|
Court |
Case No. |
Year |
Date
of Filing |
Amount |
Cause
Category |
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SUBSIDIARIES AND ASSOCIATE
COMPANIES
|
Company |
Shareholdings (%) |
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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 RECORDS
|
Date of Last AGM |
: |
|
|
Date of Last AR |
: |
04/10/2011 |
|
Date of A/C Laid At Last AGM |
: |
31/03/2011 |
FINANCIAL HIGHLIGHTS
|
Financial Figures |
||||||
|
|
MAR 2011 |
% Change |
MAR 2010 |
MAR 2009 |
MAR 2008 |
MAR 2007 |
|
Currency |
SGD - SIN |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
|
|
|
|
|
|
|
33,075,602 |
250.37 |
9,440,072 |
19,702,717 |
5,682,225 |
3,446,096 |
|
|
Profit/(Loss) Before Tax |
1,702,133 |
245.50 |
492,660 |
2,757,525 |
286,679 |
141,261 |
|
Profit After Tax attributable to
Shareholders |
1,487,255 |
253.84 |
420,319 |
2,300,713 |
257,698 |
124,352 |
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Balance Sheet Key Figures |
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Total Assets |
12,361,030 |
36.92 |
9,027,931 |
7,673,039 |
5,868,285 |
3,707,301 |
|
Current Assets |
12,227,806 |
36.57 |
8,953,408 |
7,576,774 |
5,777,482 |
3,614,692 |
|
Non Current Assets |
133,224 |
78.77 |
74,523 |
96,265 |
90,803 |
92,609 |
|
|
|
|
|
|
|
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Total Liabilities |
5,766,829 |
47.08 |
3,920,985 |
1,786,412 |
2,282,371 |
379,085 |
|
Current Liabilities |
5,752,971 |
47.24 |
3,907,127 |
1,772,554 |
2,268,513 |
365,227 |
|
Non Current Liabilities |
13,858 |
0.00 |
13,858 |
13,858 |
13,858 |
13,858 |
|
|
|
|
|
|
|
|
|
Shareholders' Funds |
6,594,201 |
29.12 |
5,106,946 |
5,886,627 |
3,585,914 |
3,328,216 |
|
Share Capital |
2,000,000 |
0.00 |
2,000,000 |
2,000,000 |
2,000,000 |
2,000,000 |
|
Total Reserves |
4,594,201 |
47.87 |
3,106,946 |
3,886,627 |
1,585,914 |
1,328,216 |
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FINANCIAL RATIOS
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MAR
2011 |
MAR
2010 |
MAR
2009 |
MAR
2008 |
MAR
2007 |
|
Growth % |
|
|
|
|
|
|
250.37 |
-52.09 |
246.74 |
64.89 |
NA |
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Profitability |
|
|
|
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Profit Margin (%) |
4.50 |
4.45 |
11.68 |
4.54 |
3.61 |
|
Return on Equity (%) |
22.55 |
8.23 |
39.08 |
7.19 |
3.74 |
|
Return on Assets (%) |
12.03 |
4.66 |
29.98 |
4.39 |
3.35 |
|
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Leverage |
|
|
|
|
|
|
Total Debt/Equity (Times) |
0.87 |
0.77 |
0.30 |
0.64 |
0.11 |
|
Current Debt/Equity (Times) |
0.87 |
0.77 |
0.30 |
0.63 |
0.11 |
|
Long Term Debt To Equity (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Asset To Total Equity (Times) |
1.87 |
1.77 |
1.30 |
1.64 |
1.11 |
|
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|
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Asset Management |
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|
|
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|
Total Assets Turnover (Times) |
2.68 |
1.05 |
2.57 |
0.97 |
0.93 |
|
Fixed Assets Turnover (Times) |
248.27 |
126.67 |
204.67 |
62.58 |
37.21 |
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
2.13 |
2.29 |
4.27 |
2.55 |
9.90 |
|
|
|
|
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FINANCIAL
COMMENTARY
Compound Annual Growth Rate
The company's CAGR is 76.01% (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 4.50 per cent in FY11 (FY10: 4.45 per cent). The company
is now able to book in SINGAPORE, DOLLARS 0.05 of profit for every SINGAPORE,
DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.04 a year ago.
Liquidity
Current ratio stood at 2.13 times in FY11
(FY10: 2.29 times). This means that the company has SINGAPORE, DOLLARS 2.13 of
current assets for every SINGAPORE, DOLLARS 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 0.87 times in FY11, as compared with 0.77 times in FY10. This means
that the company requires additional external financing of SINGAPORE, DOLLARS
0.87 for every SINGAPORE, DOLLARS 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 22.55 per cent for Subject in the current financial
period, as compared to 8.23 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 12.03 per cent (FY10: 4.66 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 2.68 times in FY11 (FY10: 1.05
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.