MIRA INFORM
REPORT
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Report Date : |
31.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
JUKI SINGAPORE PTE LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
17.03.1995 |
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Com. Reg. No.: |
199501853K |
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Legal Form : |
Limited Private Company |
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Line of Business : |
General Wholesale Trade |
RATING & COMMENTS
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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$ 796,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Unknown |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Executive
Summary
Credit Recommendation
|
Recommended Credit Line |
: |
S$796,000 |
SHAREHOLDER DETAILS
|
: |
JUKI CORPORATION |
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SHAREHOLDER ID |
: |
S95UF0314B |
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NATIONALITY |
: |
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ADDRESS |
: |
8-2-1 KOKURYO-CHO CHOUFU-SHI |
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NO. OF ORD SHARES |
: |
13,000,000 |
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% OF SHAREHOLDING |
: |
100% |
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CURRENCY |
: |
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OFFICER DETAILS
|
: |
SATOHIRO
|
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ADDRESS |
: |
180A
BENCOOLEN STREET #04-10 BENCOOLEN, THE |
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POSITION |
: |
DIRECTOR DIRECTOR MANAGING
DIRECTOR |
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DATE OF APPT |
: |
01/06/2000 01/08/2009 01/08/2009 |
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NATIONALITY |
: |
JAPANESE |
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I/C PASSPORT |
: |
F0389212M |
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||
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NAME |
: |
ATSUSHI
TAKAHASHI |
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ADDRESS |
: |
APARTMENT
PAVILION, TOWER II #2101 JL. K. H. MAS MANSYUR KAV-24, |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
01/12/2009 |
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NATIONALITY |
: |
JAPANESE |
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I/C PASSPORT |
: |
MS1063164 |
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|
||
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NAME |
: |
LEE
SIEW JEE JENNIFER |
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ADDRESS |
: |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
30/08/2007 |
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NATIONALITY |
: |
|
|
I/C PASSPORT |
: |
S1336064B |
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|
||
|
NAME |
: |
LOOI
KAM HONG @ LOOI AHA HONG |
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ADDRESS |
: |
137
SUNSET WAY #08-14 CLEMENTI PARK |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
01/12/1996 |
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NATIONALITY |
: |
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I/C PASSPORT |
: |
S2530975H |
KEY PERSONNEL PROFILE
|
SATOHIRO |
|
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NRIC Number: |
F0389212M |
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Available Address: |
180A BENCOOLEN STREET #04-10
BENCOOLEN, THE |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
JUKI SINGAPORE PTE LTD |
DIRECTOR |
01/08/2009 |
- |
- |
|
|
2 |
JUKI SINGAPORE PTE LTD |
MANAGING DIRECTOR |
01/08/2009 |
- |
- |
Previous Business
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No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
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Bankruptcy Record
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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
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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
The
following litigation suits were traced against Subject. Case status. 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 1 litigation
suits filed against Subject.
The details are as follows:
|
Court |
: |
Magistrate
Court |
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|
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Case
No. |
: |
10686 |
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Date
of Filing |
: |
28/03/2003 |
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Amount
|
: |
3,163.75 |
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Cause |
: |
Miscellaneous |
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Case
Status |
: |
CONCLUDED |
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Plaintiff |
: |
ATTLEE
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Last
Update Date |
: |
17/09/2004 |
COMPLIANCE
|
Date of Last AGM |
: |
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Date of Last AR |
: |
28/07/2010 |
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Date of A/C Laid At Last AGM |
: |
31/12/2009 |
FINANCIAL HIGHLIGHTS
|
Financial Figures |
|||||
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|
DEC 2009 |
DEC 2008 |
DEC 2007 |
DEC 2006 |
DEC 2005 |
|
Currency |
U.S. DOLLAR |
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
|
|
|
|
|
|
118,779,582 |
210,817,663 |
257,948,328 |
286,890,370 |
248,575,436 |
|
|
Profit/(Loss) Before Tax |
452,049 |
409,108 |
244,848 |
115,853 |
254,264 |
|
Profit After Tax attributable to
Shareholders |
243,907 |
283,537 |
170,998 |
23,965 |
40,884 |
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Balance Sheet Key Figures |
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Total Assets |
83,517,501 |
166,410,848 |
148,008,356 |
140,542,907 |
120,882,677 |
|
Current Assets |
82,176,666 |
164,315,274 |
146,845,943 |
139,568,042 |
119,770,829 |
|
Non Current Assets |
1,340,835 |
2,095,574 |
1,162,413 |
974,865 |
1,111,848 |
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Total Liabilities |
72,195,183 |
150,779,488 |
131,663,701 |
123,490,310 |
102,970,516 |
|
Current Liabilities |
72,195,183 |
150,779,488 |
131,663,701 |
123,490,310 |
102,924,586 |
|
Non Current Liabilities |
0 |
0 |
0 |
0 |
45,930 |
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Shareholders' Funds |
11,322,318 |
15,631,361 |
16,344,656 |
17,052,597 |
17,912,161 |
|
Share Capital |
8,079,780 |
11,400,368 |
12,140,815 |
12,800,593 |
13,464,751 |
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Total Reserves |
3,242,538 |
4,230,993 |
4,203,841 |
4,252,004 |
4,447,410 |
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FINANCIAL RATIOS
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DEC
2009 |
DEC
2008 |
DEC
2007 |
DEC
2006 |
DEC
2005 |
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Growth % |
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NA |
NA |
NA |
NA |
NA |
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Profitability |
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Profit Margin (%) |
0.21 |
0.13 |
0.07 |
0.01 |
0.02 |
|
Return on Equity (%) |
2.15 |
1.81 |
1.05 |
0.14 |
0.23 |
|
Return on Assets (%) |
0.29 |
0.17 |
0.12 |
0.02 |
0.03 |
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Leverage |
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Total Debt/Equity (Times) |
6.38 |
9.65 |
8.06 |
7.24 |
5.75 |
|
Current Debt/Equity (Times) |
6.38 |
9.65 |
8.06 |
7.24 |
5.75 |
|
Long Term Debt To Equity (Times) |
NA |
NA |
NA |
NA |
0.00 |
|
Total Asset To Total Equity (Times) |
7.38 |
10.65 |
9.06 |
8.24 |
6.75 |
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Asset Management |
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Total Assets Turnover (Times) |
1.42 |
1.27 |
1.74 |
2.04 |
2.06 |
|
Fixed Assets Turnover (Times) |
88.59 |
100.60 |
221.91 |
294.29 |
223.57 |
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Liquidity |
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Current Ratio (Times) |
1.14 |
1.09 |
1.12 |
1.13 |
1.16 |
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FINANCIAL
COMMENTARY
Profitability
The company yielded a rate of
net profit on sales of 0.21 per cent in FY09. The company is now able to book
in U.S. DOLLAR 0.00 of profit for every U.S. DOLLAR of sales.
Liquidity
Current ratio stood at 1.14 times in FY09.
This means that the company has U.S. DOLLAR 1.14 of current assets for every
U.S. DOLLAR 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 at 6.38 times in FY09. This means that the company requires additional
external financing of U.S. DOLLAR 6.38 for every U.S. DOLLAR 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 2.15 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 0.29 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 1.42 times in FY09. 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.44.77 |
|
|
1 |
Rs.71.69 |
|
Euro |
1 |
Rs.63.02 |
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.