MIRA INFORM REPORT

 

 

Report Date :           

13.07.2011

 

IDENTIFICATION DETAILS

 

Name :

APL CO. PTE LTD

 

 

Formerly Known As :

NOL - APL PTE LTD

 

 

Registered Office :

456 Alexandra Road #06-00 Nol Building Singapore 119962

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

04.06.1996

 

 

Com. Reg. No.:

199604017Z

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Shipping Lines

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

Payment Behaviour :

Unknown

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 – 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

 

 Bottom of Form

Executive Summary

 

Company Name

:

APL CO. PTE LTD

Registration No

:

199604017Z

Date of Registration

:

04/06/1996

Former Name

:

1.YEOMAR MARINE PTE LTD Eff. date : 04/06/1996 Eff. date : 04/06/1996

2.NOL - APL PTE LTD Eff. date : 14/10/1997 Eff. date : 14/10/1997

Date of Change of Name

:

31/10/1997

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

456 ALEXANDRA ROAD #06-00 NOL BUILDING SINGAPORE 119962

Date of Change of Address

:

01/11/1997

Contact No.

:

6278 9000

Fax No.

:

6274 2113

Website

:

www.apl.com

Registered Activities

:

SHIPPING LINES

SHIPPING LINES

Issued Ordinary Capital*

:

$250,000,000.00 U.S. DOLLAR ,NO. OF SHARE : 2,500,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$250,000,000.00 U.S. DOLLAR

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

:

1

No. of Local Associates

:

NA

Auditor

:

ERNST & YOUNG LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 7,909,630,904.00 (FY2009)

Net Worth

:

SGD - SIN (1,341,734,107.00) (FY2009)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

16

S1000 / SME 500 / FG50 Ranking

:

41 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

27 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

102 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2007/2008)

74 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2007/2008)

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

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

Credit Recommendation

 

Recommended Credit Line

:

No Recommendation

 

 

SHAREHOLDER DETAILS

 

NAME

:

APL (BERMUDA) LTD.

SHAREHOLDER ID

:

T04UF1147H

NATIONALITY

:

BERMUDA

ADDRESS

:

CANON'S COURT, 22 VICTORIA STREET HAMILTON HM 12, BERMUDA

NO. OF ORD SHARES

:

2,500,000,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

U.S. DOLLAR

 

 

OFFICER DETAILS

 

NAME

:

WONG KIM WAH

ADDRESS

:

27 FLORA ROAD #04-02 ESTELLA GARDENS SINGAPORE 509741

POSITION

:

SECRETARY

DATE OF APPT

:

15/05/2009

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0106670F

 

NAME

:

CHENG WAI KEUNG

ADDRESS

:

52B NASSIM ROAD SINGAPORE 258442

POSITION

:

DIRECTOR

DATE OF APPT

:

06/01/2003

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2171490I

 

NAME

:

RONALD DEAN WIDDOWS

ADDRESS

:

20 PARADISE ISLAND SINGAPORE 098485

POSITION

:

DIRECTOR

DATE OF APPT

:

07/07/2008

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

S2766978F

 

 

KEY PERSONNEL PROFILE

 

Name:

CHENG WAI KEUNG

NRIC Number:

S2171490I

Available Address:

52B NASSIM ROAD  SINGAPORE 258442

 

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

APL CO. PTE LTD

DIRECTOR

06/01/2003

-

-

2

APL LOGISTICS LTD

DIRECTOR

29/09/2000

-

-

3

FOREMOST INVESTMENT PTE. LTD.

DIRECTOR

07/04/1987

1

0.01

4

G2000 APPAREL (S) PTE LTD

DIRECTOR

27/06/1991

-

-

5

I-FLAPP TECHNOLOGIES PTE. LTD.

SHAREHOLDER

-

77951

2.01

6

INTREGEN HOLDINGS PTE. LTD.

SHAREHOLDER

-

269833

0.80

7

KIDNEY DIALYSIS FOUNDATION LIMITED

DIRECTOR

01/02/1996

-

-

8

NEPTUNE ORIENT LINES LIMITED

DIRECTOR

01/01/1992

-

-

9

SINGAPORE-SUZHOU TOWNSHIP DEVELOPMENT PTE LTD

DIRECTOR

20/06/1994

-

-

10

SINGBRIDGE INTERNATIONAL SINGAPORE PTE. LTD.

DIRECTOR

10/07/2009

-

-

11

SUZHOU PROPERTY DEVELOPMENT PTE LTD

DIRECTOR

13/09/1994

-

-

12

TEXTILE AND FASHION INDUSTRY TRAINING CENTRE PTE LTD

SHAREHOLDER

-

79360

16.00

13

WAYNE PRIVATE LIMITED

SHAREHOLDER

-

150000

99.99

14

WING SUN DEVELOPMENT PRIVATE LIMITED

DIRECTOR

18/10/1974

-

-

15

WING SUN DEVELOPMENT PRIVATE LIMITED

MANAGING DIRECTOR

01/09/1988

-

-

16

WING TAI CLOTHING PTE LTD

DIRECTOR

14/03/1984

-

-

17

WING TAI CLOTHING PTE LTD

MANAGING DIRECTOR

14/03/1984

-

-

18

WING TAI HOLDINGS LIMITED

DIRECTOR

17/04/1973

-

-

19

WING TAI LAND PTE. LTD.

DIRECTOR

24/05/1978

-

-

20

WING TAI PROPERTY MANAGEMENT PTE LTD

DIRECTOR

01/11/1991

-

-

21

WING TAI RETAIL PTE. LTD.

DIRECTOR

19/10/1977

-

-

22

WINLYN INVESTMENT PTE LTD

DIRECTOR

27/08/1988

-

-

23

WINRIGHT INVESTMENT PTE LTD

DIRECTOR

28/12/1995

5

50.00

 

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ACTON INVESTMENT PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

23/08/1985

21/09/1985

2

AET INC. LIMITED (SINGAPORE BRANCH)

LIVE COMPANY

DIRECTOR

22/05/2002

11/07/2011

3

AMERICAN & EFIRD MILLS (S) PTE. LTD.

LIVE COMPANY

DIRECTOR

26/05/1986

12/05/1995

4

AMERICAN EAGLE TANKERS INC. LTD

LIVE COMPANY

DIRECTOR

22/05/2002

22/07/2003

5

BOXX APPAREL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

28/01/1976

03/05/1991

6

BRILLION INVESTMENT PTE. LTD.

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

05/03/1986

02/05/1991

7

CAPITALAND LIMITED

LIVE COMPANY

DIRECTOR

01/07/1996

20/11/2000

8

CASURINA INVESTMENTS PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

16/01/1989

06/10/1992

9

CHINA-SINGAPORE INTERNATIONAL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

16/07/1993

06/07/1999

10

CHINESE CHAMBER REALTY PRIVATE LIMITED

LIVE COMPANY

DIRECTOR

19/04/1997

14/04/1999

11

CHINESE DEVELOPMENT ASSISTANCE COUNCIL

LIVE COMPANY

DIRECTOR

30/05/1992

12/06/2004

12

ELLSWORTH PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/05/1985

20/09/1988

13

ENTERPRISE PROMOTION CENTRES PTE LTD

LIVE COMPANY

DIRECTOR

08/09/1989

06/04/2011

14

EVERMORE INVESTMENT PTE. LTD.

LIVE COMPANY

DIRECTOR

27/05/1989

29/07/1993

15

FINANCIAL BOARD OF THE SINGAPORE CHINESE CHAMBER OF COMMERCE, THE

LIVE COMPANY

DIRECTOR

27/03/1997

01/04/2001

16

FINELAND INVESTMENT PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

05/02/1987

20/09/1988

17

FRIMID PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

18

GARLAND PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/05/1985

20/09/1988

19

GP BATTERIES INTERNATIONAL LIMITED

LIVE COMPANY

DIRECTOR

24/07/1990

08/07/2011

20

ISLAND INTERNATIONAL (S) PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

28/12/1978

20/09/1988

21

JUBILION INVESTMENT PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

12/03/1986

02/05/1991

22

K & S REALTY PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

09/03/1978

20/09/1988

23

KIDNEY DIALYSIS FOUNDATION LIMITED

LIVE COMPANY

SHAREHOLDER

-

16/04/2011

24

KINSLAND INVESTMENT PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

24/06/1989

-

25

MAPLETREE INVESTMENTS PTE LTD

LIVE COMPANY

DIRECTOR

01/06/2002

01/11/2003

26

MEDIACORP INVESTMENTS PTE. LTD.

LIVE COMPANY

DIRECTOR

01/04/1999

01/04/2002

27

MEDIACORP NEWS PTE LTD

LIVE COMPANY

DIRECTOR

06/10/1999

01/04/2002

28

MEDIACORP PTE. LTD.

LIVE COMPANY

DIRECTOR

01/11/1997

01/04/2002

29

MEDIACORP PUBLISHING PTE LTD

LIVE COMPANY

DIRECTOR

27/11/1999

01/04/2002

30

MEDIACORP RADIO SINGAPORE PTE LTD

LIVE COMPANY

DIRECTOR

25/08/1999

01/04/2002

31

MEDIACORP STUDIOS PTE LTD

LIVE COMPANY

DIRECTOR

09/03/2000

01/04/2002

32

MEDIACORP TECHNOLOGIES PTE LTD

LIVE COMPANY

DIRECTOR

30/09/1999

01/04/2002

33

MEDIACORP TV SINGAPORE PTE LTD

LIVE COMPANY

DIRECTOR

01/11/1997

01/04/2002

34

MEDIACORP TV12 SINGAPORE PTE LTD

LIVE COMPANY

DIRECTOR

25/08/1999

01/04/2002

35

NOVOMATRIX PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

11/04/2011

36

POWERGRID LIMITED

LIVE COMPANY

DIRECTOR

27/06/1995

01/08/1996

37

POWERSERAYA LIMITED

LIVE COMPANY

DIRECTOR

27/06/1995

15/09/2000

38

RAFFLES HOLDINGS LIMITED

LIVE COMPANY

DIRECTOR

13/02/2001

27/06/2011

39

RAFFLES MARINA HOLDINGS LTD.

LIVE COMPANY

SHAREHOLDER

-

04/03/2011

40

SBF HOLDINGS PTE. LTD.

LIVE COMPANY

DIRECTOR/SHR

10/12/2008

11/07/2011

41

SINGAPORE FASHION CREATION PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

01/11/1991

14/07/1994

42

SINGAPORE POWER LIMITED

LIVE COMPANY

DIRECTOR

01/12/1994

15/09/2000

43

SINGAPORE TEXTILE PRODUCTS MANUFACTURER'S ASSOCIATION LIMITED

STRUCK OFF

DIRECTOR

18/06/1976

-

44

SINGAPORE TEXTILE PRODUCTS MANUFACTURER'S ASSOCIATION LIMITED

STRUCK OFF

SECRETARY

18/06/1976

-

45

STOCK-MART (SINGAPORE) PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

30/04/1985

20/09/1988

46

SUNFILL INVESTMENT PTE LTD

STRUCK OFF

DIRECTOR

12/08/1987

20/09/1988

47

TEXTILE AND FASHION INDUSTRY TRAINING CENTRE PTE LTD

LIVE COMPANY

DIRECTOR

02/04/1983

04/08/1992

48

THE SINGAPORE MANUFACTURERS' ASSOCIATION

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

28/05/1981

27/05/1982

49

TRANSPAC INDUSTRIAL HOLDINGS LIMITED

LIVE COMPANY

DIRECTOR

17/02/1994

29/04/2004

50

VALENS PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

05/06/1981

-

51

VALLEY GARMENT MANUFACTURING (PTE) LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

04/02/1980

03/05/1991

52

VAN LONG MANUFACTORY (S) PRIVATE LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

01/04/1978

03/05/1991

53

VENTURE INVESTMENT (SINGAPORE) LIMITED

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

11/01/1984

-

54

VINTAGE CELLAR PTE LTD

STRUCK OFF

DIRECTOR

11/10/1990

-

55

WALDEMAR PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

05/03/1980

02/07/1985

56

WAYNE PRIVATE LIMITED

LIVE COMPANY

DIRECTOR

17/05/1980

20/09/1988

57

WELLES PRIVATE LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

02/03/1981

21/09/1985

58

WIEN INVESTMENT PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

23/08/1985

21/09/1985

59

WIGNER INVESTMENT PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

23/08/1985

21/09/1985

60

WILLES INVESTMENT PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

23/01/1987

02/05/1991

61

WINBEST INVESTMENT PTE LTD

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR/SHR

11/03/1997

-

62

WINFORTH INVESTMENT PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

30/12/1988

29/07/1993

63

WING CHEE REALTY PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/05/1985

10/03/1986

64

WING HENG REALTY PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

10/06/1982

06/10/1992

65

WING HO REALTY PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

03/01/1983

02/05/1991

66

WING HON REALTY PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

04/02/1980

21/10/1983

67

WING LEE REALTY PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

04/02/1980

31/03/1989

68

WING MEI OUTER-WEAR COMPANY (PTE) LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

08/10/1977

02/05/1991

69

WING MEI OUTER-WEAR COMPANY (PTE) LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

08/10/1977

02/05/1991

70

WING MUN REALTY PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/05/1985

06/10/1992

71

WING TAI CHILD-CARE CENTRE PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

14/04/1984

03/05/1991

72

WING TAI ENTERPRISES PTE LTD.

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

12/12/1973

05/08/2010

73

WING TAI INVESTMENT & DEVELOPMENT PTE LTD

LIVE COMPANY

DIRECTOR

18/02/1983

01/07/1994

74

WINGAIN INVESTMENT PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

13/06/1990

-

75

WINGATE ENTERPRISES PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/05/1985

21/09/1985

76

WINGLOW ENTERPRISES PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

18/02/1983

03/05/1991

77

WINMAS INTERNATIONAL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

01/11/1990

27/02/1993

78

WINMEI ENTERPRISES PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/01/1983

06/10/1992

79

WINMORE INVESTMENT PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

28/01/1987

03/05/1991

80

WINSDOM INVESTMENT PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

12/08/1987

17/09/1988

81

WINSHIRE INVESTMENT PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

27/08/1988

20/09/1988

82

WINSLAND INVESTMENT PTE LTD

LIVE COMPANY

DIRECTOR

12/08/1987

03/05/1991

83

WINSVILLE ENTERPRISES PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/05/1985

03/05/1991

84

WINVIEW INVESTMENT PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

06/02/1987

03/05/1991

85

WISLA ENTERPRISES PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

10/12/1982

03/05/1991

86

WITHY ENTERPRISES PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

14/01/1983

03/05/1991

87

WITTEKIND (SINGAPORE) PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

17/05/1980

20/09/1988

88

WIZEN ENTERPRISES PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/05/1985

20/09/1988

89

WOLSELEY ENTERPRISE PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

10/12/1982

06/10/1992

90

ZEN TAK ENTERPRISE (S) PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

05/04/1980

21/09/1985

 

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 (%)

CENTENARY SHIPPING (PTE) LTD

60

                                                                                                                       

 

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. 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 16 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

7

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

0

1

High (>$250,000)

0

8

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Supreme Court

 

Case No.

:

234

 

Date of Filing

:

06/05/2000

 

Amount

:

0.00

 

Cause

:

NEGLIGENCE-OTHERS(NOT INJURIES/DEATH)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

INTERNATIONALE SPEDITIONSGESELLSCHAFT ALFONS KOSTE

 

Last Update Date

:

08/03/2002

 

2)

Court

:

Supreme Court

 

Case No.

:

756

 

Date of Filing

:

21/09/2000

 

Amount

:

0.00

 

Cause

:

CONTRACTS-GENERAL

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CONFREIGHT BELGIUM NV

 

Last Update Date

:

08/03/2002

 

3)

Court

:

Magistrate Court

 

Case No.

:

20062

 

Date of Filing

:

17/07/2002

 

Amount

:

16,738.87

 

Cause

:

General Contract

 

Case Status

:

CONCLUDED

 

Plaintiff

:

MC TRANS MIDDLE EAST FZE

MC TRANS SINGAPORE PTE LTD

 

Last Update Date

:

02/02/2011

 

4)

Court

:

Magistrate Court

 

Case No.

:

22080

 

Date of Filing

:

02/08/2002

 

Amount

:

16,738.87

 

Cause

:

Contracts - General

 

Case Status

:

DEEMED DISCONTINUED

 

Plaintiff

:

PT. TOSHIBA CONSUMER PRODUCTS

MC TRANS MIDDLE EAST FZE

TOSHIBA SINGAPORE PTE LTD

MC TRANS SINGAPORE PTE LTD

 

Last Update Date

:

02/02/2011

 

5)

Court

:

Supreme Court

 

Case No.

:

107

 

Date of Filing

:

31/01/2003

 

Amount

:

0.00

 

Cause

:

CONTRACTS-GENERAL

 

Case Status

:

CONCLUDED

 

Plaintiff

:

GAP INC

 

Last Update Date

:

11/06/2003

 

6)

Court

:

Magistrate Court

 

Case No.

:

28488

 

Date of Filing

:

12/08/2003

 

Amount

:

USD 4,715.72

SGD 8,181.77

 

Cause

:

Contracts - Work Done And Service Rendered

 

Case Status

:

CONCLUDED

 

Plaintiff

:

PINNACLE WORLD TRANSPORT PTE LTD

 

Last Update Date

:

02/02/2011

 

7)

Court

:

Supreme Court

 

Case No.

:

47

 

Date of Filing

:

27/01/2006

 

Amount

:

JPY 27,208,800.00

GBP 306.00

 

Cause

:

Tort - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

MITSUI & CO UK PLC

TRI-NET LOGISTICS (EUROPE) B.V.

 

Last Update Date

:

24/10/2007

 

8)

Court

:

District Court

 

Case No.

:

1846

 

Date of Filing

:

07/06/2007

 

Amount

:

100,000.00

 

Cause

:

Contract - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

TREMIS CO LTD

 

Last Update Date

:

28/08/2008

 

9)

Court

:

Supreme Court

 

Case No.

:

690

 

Date of Filing

:

29/10/2007

 

Amount

:

0.00

 

Cause

:

Tort - Negligence (Others)

 

Case Status

:

PENDING

 

Plaintiff

:

NYPRO CHIHUAHUA

NYPRO HONG KONG LTD

 

Last Update Date

:

29/10/2007

 

10)

Court

:

Magistrate Court

 

Case No.

:

13935

 

Date of Filing

:

07/06/2008

 

Amount

:

4,677.25

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

NG LYE HUAT

 

Last Update Date

:

09/06/2008

 

11)

Court

:

Magistrate Court

 

Case No.

:

31722

 

Date of Filing

:

02/12/2008

 

Amount

:

0.00

 

Cause

:

Tort - Negligence (Motor Accidents With Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

NG LYE HUAT

 

Last Update Date

:

27/01/2010

 

12)

Court

:

Supreme Court

 

Case No.

:

754

 

Date of Filing

:

04/09/2009

 

Amount

:

0.00

 

Cause

:

Carriage of Goods by Air/Sea

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SONY EMCS (MALAYSIA) SDN BHD

 

Last Update Date

:

02/02/2011

 

13)

Court

:

Supreme Court

 

Case No.

:

1616

 

Date of Filing

:

11/11/1999

 

Amount

:

159,055.40

 

Cause

:

NEGLIGENCE-OTHERS(NOT INJURIES/DEATH)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

KISHORE JETHANNAD DARYANANI

 

Last Update Date

:

08/03/2002

 

14)

Court

:

Supreme Court

 

Case No.

:

1736

 

Date of Filing

:

13/12/1999

 

Amount

:

0.00

 

Cause

:

CONTRACTS-GENERAL

 

Case Status

:

CONCLUDED

 

Plaintiff

:

STEELMET PTE LTD

 

Last Update Date

:

08/03/2002

 

15)

Court

:

Magistrate Court

 

Case No.

:

8940

 

Date of Filing

:

15/04/1999

 

Amount

:

1,622.39

 

Cause

:

CONTRACTS-WORK DONE & SERVICES RENDERED

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CARGOWAYS SHIPPING PTE LTD

 

Last Update Date

:

08/03/2002

 

16)

Court

:

Magistrate Court

 

Case No.

:

29473

 

Date of Filing

:

22/11/1999

 

Amount

:

0.00

 

Cause

:

NEGLIGENCE-OTHERS(NOT INJURIES/DEATH)

 

Case Status

:

PENDING

 

Plaintiff

:

ABB TRANSFORMERS PTE LTD

 

Last Update Date

:

08/03/2002

 

COMPLIANCE

 

Date of Last AGM

:

15/07/2010

Date of Last AR

:

23/07/2010

Date of A/C Laid At Last AGM

:

25/12/2009

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2009

% Change

DEC 2008

DEC 2007

DEC 2006

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

Turnover

7,909,630,904

-28.84

11,114,866,941

9,916,188,813

9,048,447,246

Profit/(Loss) Before Tax

(1,541,859,753)

NA

(225,599,089)

392,468,534

157,725,666

Profit After Tax attributable to Shareholders

(1,544,939,683)

NA

(222,542,620)

391,153,744

156,955,708

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

Total Assets

2,895,281,017

3.99

2,784,286,453

2,519,935,290

1,779,104,387

Current Assets

1,102,648,365

16.21

948,861,190

1,251,606,333

988,635,129

Non Current Assets

1,792,632,652

-2.33

1,835,425,263

1,268,328,957

790,469,258

 

 

 

 

 

 

Total Liabilities

4,237,015,125

51.25

2,801,268,092

2,080,571,583

1,707,875,383

Current Liabilities

3,967,125,720

58.48

2,503,171,874

1,724,935,196

1,295,601,083

Non Current Liabilities

269,889,405

-9.46

298,096,218

355,636,387

412,274,300

 

 

 

 

 

 

Shareholders' Funds

(1,341,734,107)

NA

(16,981,641)

439,363,708

71,229,003

Share Capital

363,542,250

2.86

353,430,750

375,654,250

396,068,750

Total Reserves

(1,705,276,357)

NA

(370,412,391)

63,709,458

(324,839,747)

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Growth %

 

 

 

 

Year-on-Year Growth

-28.84

12.09

9.59

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

-19.53

-2.00

3.94

1.73

Return on Equity (%)

115.14

-1,310.49

89.03

220.35

Return on Assets (%)

-53.36

-7.99

15.52

8.82

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

-3.16

-164.96

4.74

23.98

Current Debt/Equity (Times)

0.00

0.00

3.93

18.19

Long Term Debt To Equity (Times)

0.00

0.00

0.81

5.79

Total Asset To Total Equity (Times)

-2.16

-163.96

5.74

24.98

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

2.73

3.99

3.94

5.09

Fixed Assets Turnover (Times)

4.41

6.06

7.82

11.45

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

0.28

0.38

0.73

0.76

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

We are unable to comment on Subject's profitability.

 

 

Liquidity

 

Current ratio stood at 0.28 times in FY09 (FY08: 0.38 times). This means that the company has SGD - SIN 0.28 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

We are unable to comment on Subject's leverage.

 

 

Efficiency Ratio

 

 

We are unable to comment on Subject's return on equity.

 

We are unable to comment on Subject's return on assets.

 

Total assets turnover ratio logged at 2.73 times in FY09 (FY08: 3.99 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.44.69

UK Pound

1

Rs.70.87

Euro

1

Rs.62.26

 

 

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%)

 

 

 

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.