MIRA INFORM REPORT

 

 

Report Date :

24.02.2011

 

IDENTIFICATION DETAILS

 

Name :

UNILINK INNOVATIONS PTE LTD

 

 

Formerly Known As :

HEXASTAR INTERNATIONAL PTE

 

 

Registered Office :

60 Kaki Bukit Place #03-01 Eunos Techpark Singapore 415979

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

09.09.2000

 

 

Com. Reg. No.:

200007878E

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade (Including General Importers and Exporters)

 

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 :

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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

:

UNILINK INNOVATIONS PTE LTD

Registration No

:

200007878E

Date of Registration

:

09/09/2000

Former Name

:

HEXASTAR INTERNATIONAL PTE LTD Eff. date : 09/09/2000 Eff. date : 09/09/2000

Date of Change of Name

:

24/01/2002

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

60 KAKI BUKIT PLACE #03-01 EUNOS TECHPARK SINGAPORE 415979

Date of Change of Address

:

05/02/2007

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$100,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 100,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$100,000.00 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

:

K.C.CHAN & CO PAC

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 105,957.00 (FY2008)

Net Worth

:

SINGAPORE, DOLLARS 280,412.00 (FY2008)

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)

:

NA

 

 

Credit Recommendation

 

Recommended Credit Line

:

No Recommendation

 

 

SHAREHOLDER DETAILS

 

NAME

:

UG TECH PTE. LTD.

SHAREHOLDER ID

:

200305064K

NATIONALITY

:

SINGAPORE

ADDRESS

:

60 KAKI BUKIT PLACE #03-01 EUNOS TECHPARK SINGAPORE 415979

NO. OF ORD SHARES

:

100,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

JONG HEE SEN

ADDRESS

:

4 MERINO CRESCENT SHEPHERD'S HILL ESTATE SINGAPORE 149152

POSITION

:

DIRECTOR

DATE OF APPT

:

01/03/2002

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1388515Z

 

NAME

:

SHARIFFA D/O NAINA MOHAMED

ADDRESS

:

8 JALAN KUKOH #07-29 SINGAPORE 162008

POSITION

:

SECRETARY

DATE OF APPT

:

15/11/2003

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1459210E

 

NAME

:

AATHAR AH KONG ANDREW

ADDRESS

:

6 GEYLANG EAST AVENUE 2 #10-09 SIMSVILLE SINGAPORE 389756

POSITION

:

DIRECTOR

DATE OF APPT

:

26/09/2000

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1631949Z

 

 

KEY PERSONNEL PROFILE

 

Name:

AATHAR AH KONG ANDREW

NRIC Number:

S1631949Z

Available Address:

6 GEYLANG EAST AVENUE 2 #10-09 SIMSVILLE  SINGAPORE 389756

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

1PROPERTY PTE. LTD.

DIRECTOR

27/10/2000

15001

99.99

2

8APPLESMALL PTE LTD

DIRECTOR

26/09/2000

1

0.00

3

CORE-LINK PTE LTD

DIRECTOR

26/09/2000

-

-

4

MELANA INTERNATIONAL PTE LTD

DIRECTOR

26/09/2000

-

-

5

OCTASTAR PTE. LTD.

DIRECTOR

31/10/2000

-

-

6

TORINO AMK PTE. LTD.

DIRECTOR

30/07/2003

99999

99.99

7

TRI-GLOBAL SECURITY PTE. LTD.

DIRECTOR

21/06/2005

-

-

8

UG SINGAPORE PRIVATE LIMITED

DIRECTOR

31/10/2001

-

-

9

UG TECH PTE. LTD.

DIRECTOR

02/06/2003

-

-

10

UNILINK INNOVATIONS PTE LTD

DIRECTOR

26/09/2000

-

-

11

UNIVERSAL CAPITAL PARTNERS PTE. LTD.

DIRECTOR

10/09/2007

-

-

12

UNIVERSAL GATEWAY INTERNATIONAL PTE. LTD.

DIRECTOR

31/10/2001

-

-

 

 

KEY PERSONNEL PROFILE

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ALVERTON INTERNATIONAL PTE LTD

LIVE COMPANY

DIRECTOR

31/10/2001

01/04/2003

2

CLARKE QUAY ADVENTURE PTE LTD

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

20/10/1999

10/06/2000

3

CONSTRUCTION EXCHANGE (SINGAPORE) PTE LTD

LIVE COMPANY

DIRECTOR

06/09/2000

01/11/2001

4

CONSTRUCTION EXCHANGE PTE LTD

LIVE COMPANY

DIRECTOR

03/07/2000

31/10/2000

5

IMPERIAL REALTY LIMITED

LIVE COMPANY

DIRECTOR

15/01/2000

14/04/2000

6

KR REALTY PTE LTD

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

27/08/1999

10/06/2000

7

MELANA INTERNATIONAL PTE LTD

LIVE COMPANY

SHAREHOLDER

-

14/01/2011

8

NASSIM HILL REALTY PTE LTD

LIVE COMPANY

DIRECTOR

08/09/1999

10/06/2000

9

SIMS PLACE REALTY LIMITED

LIVE COMPANY

DIRECTOR

27/08/1999

10/06/2000

10

TRI-GLOBAL SECURITY PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

12/01/2011

11

TURNPIKE INTERNATIONAL PTE LTD

LIVE COMPANY

DIRECTOR

26/09/2000

01/11/2001

12

UNIG PTE LTD

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

DIRECTOR

03/07/2000

03/11/2000

13

UNIG PTE LTD

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

SHAREHOLDER

-

-

14

UNIVERSAL GATEWAY INTERNATIONAL PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

12/01/2011

 

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

M

6054

2005

16/03/2005

SGD 2,315.25

SGD 4,520.25

SGD 2,476.33

SGD 619.88

SGD 4,047.75

SGD 10,379.25

-

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

:

03/09/2009

Date of Last AR

:

03/02/2010

Date of A/C Laid At Last AGM

:

31/12/2008

 

 

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2008

% Change

DEC 2007

DEC 2006

DEC 2005

DEC 2004

Currency

SINGAPORE, DOLLARS

 

SGD - SIN

SGD - SIN

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

105,957

-49.38

209,335

322,165

258,710

0

Profit/(Loss) Before Tax

16,734

-86.63

125,197

23,759

533

11,690

Profit After Tax attributable to Shareholders

17,411

-84.76

114,256

21,883

533

10,956

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

363,628

-36.18

569,786

480,516

440,209

0

Current Assets

363,142

-36.19

569,138

480,516

440,209

0

Non Current Assets

486

-25.00

648

0

0

0

 

 

 

 

 

 

 

Total Liabilities

83,216

-72.87

306,785

331,771

313,347

0

Current Liabilities

83,216

-72.87

306,785

331,771

313,347

0

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

280,412

6.62

263,001

148,745

126,862

0

Share Capital

100,000

0.00

100,000

100,000

100,000

0

Total Reserves

180,412

10.68

163,001

48,745

26,862

0

 

 

 

FINANCIAL RATIOS

 

 

Company

 

 

DEC 2008

DEC 2007

DEC 2006

DEC 2005

DEC 2004

Growth %

 

 

 

 

 

Year-on-Year Growth

-49.38

-35.02

24.53

NA

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

16.43

54.58

6.79

0.21

0.00

Return on Equity (%)

6.21

43.44

14.71

0.42

0.00

Return on Assets (%)

4.79

20.05

4.55

0.12

0.00

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.30

1.17

2.23

2.47

0.00

Current Debt/Equity (Times)

0.30

1.17

2.23

2.47

0.00

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

1.30

2.17

3.23

3.47

0.00

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.29

0.37

0.67

0.59

0.00

Fixed Assets Turnover (Times)

218.02

323.05

0.00

0.00

0.00

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

4.36

1.86

1.45

1.40

0.00

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 16.43 per cent in FY08 (FY07: 54.58 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.16 of profit for every SINGAPORE, DOLLARS of sales in FY08, as compared with SINGAPORE, DOLLARS 0.55 a year ago.

 

 

Liquidity

 

Current ratio stood at 4.36 times in FY08 (FY07: 1.86 times). This means that the company has SINGAPORE, DOLLARS 4.36 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 0.30 times in FY08, compared with 1.17 times in FY07. This means that the company requires additional external financing of SINGAPORE, DOLLARS 0.30 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 6.21 per cent for Subject in the current financial period, as compared to 43.44 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 4.79 per cent (FY07: 20.05 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 0.29 times in FY08 (FY07: 0.37 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.45.20

UK Pound

1

Rs.73.16

Euro

1

Rs.61.88

 

 

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 Company

----

 

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.