MIRA INFORM REPORT

 

 

 

Report Date :

22.12.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

BHP BILLITON MARKETING AG (SINGAPORE BRANCH)

 

 

Registered Office :

168 Robinson Road #10-01 Capital Tower Singapore 068912

 

 

Country :

Singapore

 

 

Financials (as on) :

30.06.2009

 

 

Date of Incorporation :

28.04.2005

 

 

Com. Reg. No.:

T05fc6681h

 

 

Legal Form :

Foreign Company Registered In Singapore

 

 

Line of Business :

Other Business Support Services Activities

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

S$1,000,000

 

 

Status :

Excellent

 

 

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 – 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

Executive Summary

 

Company Name

:

BHP BILLITON MARKETING AG (SINGAPORE BRANCH)

Registration No

:

T05FC6681H

Date of Registration

:

28/04/2005

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

FOREIGN COMPANY REGISTERED IN SINGAPORE

Registered Address

:

168 ROBINSON ROAD #10-01 CAPITAL TOWER SINGAPORE 068912

Date of Change of Address

:

28/04/2005

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

OTHER BUSINESS SUPPORT SERVICES ACTIVITIES NEC (EG ADMINISTRATION OF LOYALTY PROGRAMMES)

MARKETING & TRADING OF PRODUCTS, COMMODITIES AND DERIVATES OF ALL KINDS

Issued Ordinary Capital*

:

NA

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

NA

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

:

NA

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 30,137,189,949.00 (FY2009)

Net Worth

:

SGD - SIN 688,839,474.00 (FY2009)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 500 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 500

Compounded Annual Growth Rate (CAGR)

:

17.09% (3 years)

 

 

Credit Recommendation

 

Recommended Credit Line

:

S$1,000,000

 

 

SHAREHOLDER DETAILS

 

No Trace

 

 

OFFICER DETAILS

 

NAME

:

VINCENT NICOLETTI

ADDRESS

:

ATJEHSTRAAT 122, 2585 VN THE HAGUE, THE NETHERLANDS

POSITION

:

DIRECTOR

DATE OF APPT

:

17/03/2008

NATIONALITY

:

BRITISH

I/C PASSPORT

:

540243482

 

NAME

:

TERENCE G.M. BRIANT

ADDRESS

:

METALLSTRASSE 8 6300 ZUG, SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

23/03/2000

NATIONALITY

:

BRITISH

I/C PASSPORT

:

761019753

 

NAME

:

MICHAEL PARRISH HENRY

ADDRESS

:

NASSAU DILLENBURGSTRAAT 4 NL 2596 AD THE HAGUE THE NETHERLANDS

POSITION

:

DIRECTOR

DATE OF APPT

:

18/06/2007

NATIONALITY

:

BRITISH

I/C PASSPORT

:

761087852

 

NAME

:

PETER HEALY FINNIMORE

ADDRESS

:

SCHEVENINGSESLAG 73, NL 2586 KW THE HAGUE, THE NETHERLANDS

POSITION

:

DIRECTOR

DATE OF APPT

:

05/02/2009

NATIONALITY

:

AUSTRALIAN

I/C PASSPORT

:

E3049664

 

NAME

:

HANS WILLE

ADDRESS

:

ALFRED-ULRICH-STRASSE 8, CH 8702 ZOLLIKON SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

15/12/2000

NATIONALITY

:

SWISS

I/C PASSPORT

:

F0453971

 

NAME

:

ROLF MUELLER

ADDRESS

:

REBENWEG 24A, CH 6331 HUNENBERG SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

15/04/2002

NATIONALITY

:

SWISS

I/C PASSPORT

:

F1296856

 

NAME

:

MARTIN A. SCHERER

ADDRESS

:

ALTE LANDSTRASSE 99, CH 8800 THALWIL SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

21/02/2005

NATIONALITY

:

SWISS

I/C PASSPORT

:

F1592421

 

 

 

NAME

:

URSULA KILLER

ADDRESS

:

HAUPTSTRASSE 68 CH 6315 OBERAGERI SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

23/03/2000

NATIONALITY

:

SWISS

I/C PASSPORT

:

F1671794

 

NAME

:

PIETER LE ROUX

ADDRESS

:

64 MERRYN ROAD DUNEARN ESTATE SINGAPORE 298512

POSITION

:

AGENT

DATE OF APPT

:

08/05/2008

NATIONALITY

:

SOUTH AFRICAN

I/C PASSPORT

:

G5912770K

 

NAME

:

DAVID GRANT MARTIN

ADDRESS

:

1H LYNWOOD GROVE ONE LYNWOOD SINGAPORE 358682

POSITION

:

AGENT

DATE OF APPT

:

30/09/2010

NATIONALITY

:

AUSTRALIAN

I/C PASSPORT

:

G6036830P

 

NAME

:

THOMAS H. SCHUTTE

ADDRESS

:

55 CHANCERY LANE SINGAPORE 309599

POSITION

:

DIRECTOR

DATE OF APPT

:

01/12/2003

NATIONALITY

:

NETHERLANDS

I/C PASSPORT

:

G6199740M

 

KEY PERSONNEL PROFILE

 

Name:

TERENCE G.M. BRIANT

NRIC Number:

761019753

Available Address:

METALLSTRASSE 8 6300 ZUG, SWITZERLAND

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

BHP BILLITON FREIGHT SINGAPORE PTE. LTD.

DIRECTOR

05/07/2010

-

-

2

BHP BILLITON MARKETING AG (SINGAPORE BRANCH)

DIRECTOR

23/03/2000

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

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

 

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 RECORDS

 

Date of Last AGM

:

29/09/2009

Date of Last AR

:

NA

Date of A/C Laid At Last AGM

:

30/06/2009

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

JUN 2009

% Change

JUN 2008

JUN 2007

JUN 2006

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

Turnover

30,137,189,949

0.59

29,959,820,979

45,333,977,553

18,772,349,360

Profit/(Loss) Before Tax

632,233,205

7.88

586,028,609

1,163,526,203

646,265,368

Profit After Tax attributable to Shareholders

632,874,440

8.12

585,360,907

1,131,547,426

644,582,381

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

Total Assets

2,438,172,324

-55.64

5,496,939,399

5,461,745,060

3,643,249,415

Current Assets

2,383,099,444

-55.72

5,381,512,879

5,442,367,120

3,597,294,337

Non Current Assets

55,072,880

-52.29

115,426,520

19,377,940

45,955,078

 

 

 

 

 

 

Total Liabilities

1,749,332,851

-59.49

4,318,506,850

3,635,298,949

3,626,853,438

Current Liabilities

1,664,195,272

-60.41

4,203,317,672

3,635,298,949

3,585,674,493

Non Current Liabilities

85,137,579

-26.09

115,189,178

0

41,178,945

 

 

 

 

 

 

Shareholders' Funds

688,839,474

-41.55

1,178,432,548

1,826,446,110

16,395,976

Share Capital

0

NA

0

166,575,183

0

Total Reserves

688,839,474

-41.55

1,178,432,548

1,659,870,927

16,395,976

 

FINANCIAL RATIOS

 

 

Company

 

JUN 2009

JUN 2008

JUN 2007

JUN 2006

Growth %

 

 

 

 

Year-on-Year Growth

0.59

-33.91

141.49

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

2.10

1.95

2.50

3.43

Return on Equity (%)

91.88

49.67

61.95

3,931.34

Return on Assets (%)

25.96

10.65

20.72

17.69

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

2.54

3.66

1.99

221.20

Current Debt/Equity (Times)

2.42

3.57

1.99

218.69

Long Term Debt To Equity (Times)

0.12

0.10

0.00

2.51

Total Asset To Total Equity (Times)

3.54

4.66

2.99

222.20

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

12.36

5.45

8.30

5.15

Fixed Assets Turnover (Times)

547.22

259.56

2,339.46

408.49

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

1.43

1.28

1.50

1.00

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 17.09% (3 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 2.10 per cent in FY09 (FY08: 1.95 per cent). The company is now able to book in SGD - SIN 0.02 of profit for every SGD - SIN of sales in FY09, as compared with SGD - SIN 0.02 a year ago.

 

 

Liquidity

 

Current ratio stood at 1.43 times in FY09 (FY08: 1.28 times). This means that the company has SGD - SIN 1.43 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 2.54 times in FY09, as compared with 3.66 times in FY08. This means that the company requires additional external financing of SGD - SIN 2.54 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 91.88 per cent for Subject in the current financial period, as compared to 49.67 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 25.96 per cent (FY08: 10.65 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 12.36 times in FY09 (FY08: 5.45 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.52.67

UK Pound

1

Rs.82.53

Euro

1

Rs.69.13

 

 

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

 

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%)

 

 

 

 

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