MIRA INFORM REPORT

 

 

Report Date :           

22.12.2011

 

IDENTIFICATION DETAILS

 

Name :

WORLDWIDE UNIX (S) PTE LTD

 

 

Registered Office :

151 Pasir Panjang Road #03-01 Pasir Panjang Distripark Singapore 118480

 

 

Country :

Singapore

 

 

Financials (as on) :

30.04.2011 (Group)

30.04.2010 (Company)

 

 

Date of Incorporation :

17.02.1990

 

 

Com. Reg. No.:

199000745k

 

 

Legal Form :

Limited Private Company        

 

 

Line of Business :

Other business support services activities

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

S$191,000

 

 

Status :

Moderate

 

 

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 – 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

:

WORLDWIDE UNIX (S) PTE LTD

Registration No

:

199000745K

Date of Registration

:

17/02/1990

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

151 PASIR PANJANG ROAD #03-01 PASIR PANJANG DISTRIPARK SINGAPORE 118480

Date of Change of Address

:

17/10/2007

Contact No.

:

6272 2792

Fax No.

:

6272 3130

Website

:

NA

Registered Activities

:

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

IMPORTERS & EXPORTERS OF ELECTRONIC MERCHANDISE & COMMISSION AGENTS

2. FREIGHT TRANSPORT BY ROAD

TRANSPORTING & WAREHOUSING

Issued Ordinary Capital*

:

$300,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 300,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$300,000.00 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

:

INFINITY ASSURANCE LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 157,805,338.00 (FY2011)

Net Worth

:

SGD - SIN 1,913,643.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

2

S1000 / SME 500 / FG50 Ranking

:

750 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2007/2008)

356 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2002/2003)

369 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2001/2002)

351 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2000/2001)

483 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (1999/2000)

Compounded Annual Growth Rate (CAGR)

:

0.42% (4 years)

 

Credit Recommendation

 

Recommended Credit Line

:

S$191,000

 

 

SHAREHOLDER DETAILS

 

NAME

:

WORLDWIDE CORPORATION CO. LTD

SHAREHOLDER ID

:

T06UF0339G

NATIONALITY

:

NA

ADDRESS

:

KOLMAR KITAHAMA BLDG 5F, 1-6-19 IMABASHI CHUO-KU OSAKA CITY OSAKA JAPAN 541-0042

NO. OF ORD SHARES

:

174,000

% OF SHAREHOLDING

:

58%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

HIROTOSHI KADOGUCHI

SHAREHOLDER ID

:

S2745923D

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

313 PASIR PANJANG ROAD #03-07 SINGAPORE 117482

NO. OF ORD SHARES

:

60,000

% OF SHAREHOLDING

:

20%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

SHUJI OZAWA

SHAREHOLDER ID

:

TG3141864

NATIONALITY

:

JAPANESE

ADDRESS

:

15-27 4-CHOME SONE-NISHI MACHI TOYONAKA CITY OSAKA PREF JAPAN

NO. OF ORD SHARES

:

60,000

% OF SHAREHOLDING

:

20%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN BEE LING

SHAREHOLDER ID

:

S1821922J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

23 WEST COAST CRESCENT #14-08 BLUE HORIZON SINGAPORE 128046

NO. OF ORD SHARES

:

6,000

% OF SHAREHOLDING

:

2%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

TAN KIM GUAN

ADDRESS

:

56 BUKIT BATOK STREET 31 #21-15 MADEIRA, THE SINGAPORE 659445

POSITION

:

SECRETARY

DATE OF APPT

:

01/07/2008

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1550820E

 

NAME

:

TAN BEE LING

ADDRESS

:

23 WEST COAST CRESCENT #14-08 BLUE HORIZON SINGAPORE 128046

POSITION

:

DIRECTOR

DATE OF APPT

:

18/04/2002

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1821922J

 

NAME

:

HIROTOSHI KADOGUCHI

ADDRESS

:

313 PASIR PANJANG ROAD #03-07 SINGAPORE 117482

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

17/02/1990

26/02/1990

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2745923D

 

NAME

:

SHUJI OZAWA

ADDRESS

:

15-27 4-CHOME SONE-NISHI MACHI TOYONAKA CITY OSAKA PREF JAPAN

POSITION

:

DIRECTOR

DATE OF APPT

:

17/02/1990

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

TG3141864

 

 

 

KEY PERSONNEL PROFILE

 

Name:

HIROTOSHI KADOGUCHI

NRIC Number:

S2745923D

Available Address:

313 PASIR PANJANG ROAD #03-07  SINGAPORE 117482

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

WORLDWIDE UNIX (S) PTE LTD

DIRECTOR

17/02/1990

60000

20.00

2

WORLDWIDE UNIX (S) PTE LTD

MANAGING DIRECTOR

26/02/1990

60000

20.00

 

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

 

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 2 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

1

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

0

1

High (>$250,000)

0

0

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

District Court

 

Case No.

:

2899

 

Date of Filing

:

31/07/2006

 

Amount

:

85,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

TEO CHUN GUAN (ZHAO JUNYUAN)

 

Last Update Date

:

01/08/2006

 

2)

Court

:

Magistrate Court

 

Case No.

:

5851

 

Date of Filing

:

25/02/2009

 

Amount

:

3,588.00

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

NG SOH CHEOW

 

Last Update Date

:

26/02/2009

 

 

COMPLIANCE

 

Date of Last AGM

:

08/08/2011

Date of Last AR

:

08/08/2011

Date of A/C Laid At Last AGM

:

30/04/2011

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

APR 2011

% Change

APR 2010

APR 2009

APR 2008

APR 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

157,805,338

-41.87

271,455,567

223,800,685

219,497,650

155,162,785

Profit/(Loss) Before Tax

698,201

-36.84

1,105,466

936,018

893,383

432,654

Profit After Tax attributable to Shareholders

581,788

-33.94

880,632

763,165

755,515

323,535

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

11,603,905

-78.46

53,865,246

47,975,614

45,410,420

31,537,907

Current Assets

11,469,024

-78.64

53,698,442

47,753,691

45,149,242

31,279,916

Non Current Assets

134,881

-19.14

166,804

221,923

261,178

257,991

 

 

 

 

 

 

 

Total Liabilities

9,690,260

-81.44

52,208,575

46,348,027

43,586,068

29,255,182

Current Liabilities

9,597,836

-81.59

52,129,640

46,288,676

43,525,631

29,247,215

Non Current Liabilities

92,424

17.09

78,935

59,351

60,437

7,967

 

 

 

 

 

 

 

Shareholders' Funds

1,913,643

15.51

1,656,671

1,627,588

1,824,353

2,282,726

Share Capital

220,809

-7.00

237,438

243,825

244,559

260,851

Total Reserves

1,692,834

19.28

1,419,233

1,383,763

1,579,794

2,021,875

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

APR 2011

APR 2010

APR 2009

APR 2008

APR 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

-41.87

21.29

1.96

41.46

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.37

0.32

0.34

0.34

0.21

Return on Equity (%)

30.40

53.16

46.89

41.41

14.17

Return on Assets (%)

5.01

1.63

1.59

1.66

1.03

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

5.06

31.51

28.48

23.89

12.82

Current Debt/Equity (Times)

5.02

31.47

28.44

23.86

12.81

Long Term Debt To Equity (Times)

0.05

0.05

0.04

0.03

0.00

Total Asset To Total Equity (Times)

6.06

32.51

29.48

24.89

13.82

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

13.60

5.04

4.66

4.83

4.92

Fixed Assets Turnover (Times)

1,169.96

1,627.39

1,008.46

840.41

601.43

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.19

1.03

1.03

1.04

1.07

 

 

 

 

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

APR 2010

APR 2009

APR 2008

APR 2007

Currency

U.S. DOLLAR

U.S. DOLLAR

U.S. DOLLAR

 

Profit and Loss Key Figures

 

 

 

 

Turnover

*

0

0

0

Profit/(Loss) Before Tax

*

0

0

0

Profit After Tax attributable to Shareholders

*

0

0

0

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

Total Assets

28,230,088

24,891,365

24,543,902

18,490,369

Current Assets

27,842,007

24,471,675

24,110,671

18,082,675

Non Current Assets

388,081

419,690

433,231

407,694

 

 

 

 

 

Total Liabilities

26,855,278

23,482,631

22,978,856

16,648,660

Current Liabilities

26,850,153

23,477,506

22,973,731

16,643,535

Non Current Liabilities

5,125

5,125

5,125

5,125

 

 

 

 

 

Shareholders' Funds

1,374,810

1,408,734

1,565,046

1,841,709

Share Capital

167,790

167,790

167,790

167,790

Total Reserves

1,207,020

1,240,944

1,397,256

1,673,919

 

 

 

 

 

* As per Companies Act, section 201 Accounts, Consolidated accounts and directors report, sub-section 3A.

 

 

FINANCIAL RATIOS

 

 

Company

 

APR 2010

APR 2009

APR 2008

APR 2007

Growth %

 

 

 

 

Year-on-Year Growth

NA

NA

NA

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

0.00

0.00

0.00

0.00

Return on Equity (%)

0.00

0.00

0.00

0.00

Return on Assets (%)

0.00

0.00

0.00

0.00

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

19.53

16.67

14.68

9.04

Current Debt/Equity (Times)

19.53

16.67

14.68

9.04

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

20.53

17.67

15.68

10.04

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

0.00

0.00

0.00

0.00

Fixed Assets Turnover (Times)

0.00

0.00

0.00

0.00

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

1.04

1.04

1.05

1.09

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 0.42% (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 0.37 per cent in FY11. The group 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 FY11. This means that the group has SGD - SIN 1.20 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 5.06 times in FY11. This means that the group requires additional external financing of SGD - SIN 5.06 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 30.40 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 5.01 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 13.60 times in FY11. 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.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

----

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%)

 

 

 

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