MIRA INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
YURAKU PTE. LTD. |
|
|
|
|
Formerly Known As : |
Suyama Pte. Ltd |
|
|
|
|
Registered Office : |
11 Collyer Quay #10-04 Arcade, The Singapore 049317 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2009 (Group) 31.12.2009 (Company) |
|
|
|
|
Date of Incorporation : |
29.03.2005 |
|
|
|
|
Com. Reg. No.: |
200504111z |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
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|
|
|
Line of Business : |
Other Investment Holding Companies |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
S$167,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Usually Correct |
|
|
|
|
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 – 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
|
: |
YURAKU PTE. LTD. |
|
|
Registration No |
: |
200504111Z |
|
Date of Registration |
: |
29/03/2005 |
|
Former Name |
: |
SUYAMA PTE. LTD. Eff.
date : 29/03/2005 Eff. date : 29/03/2005 |
|
Date of Change of Name |
: |
28/09/2006 |
|
Type of Company |
: |
LIMITED EXEMPT PRIVATE
COMPANY |
|
Registered Address |
: |
11 COLLYER QUAY #10-04
ARCADE, THE SINGAPORE 049317 |
|
Date of Change of Address |
: |
15/07/2010 |
|
Contact No. |
: |
6238 2158 |
|
Fax No. |
: |
6238 0046 |
|
Website |
: |
|
|
Registered Activities |
: |
1. OTHER INVESTMENT
HOLDING COMPANIES 2. GENERAL WHOLESALE
TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS) |
|
Issued Ordinary Capital* |
: |
$5,169,500.00 SINGAPORE,
DOLLARS ,NO. OF SHARE : 2,000,004 |
|
Issued Preference Capital |
: |
NA |
|
Paid-Up Ordinary Capital |
: |
$5,169,500.00 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 |
: |
1 |
|
Auditor |
: |
ROBIN CHIA & CO. |
|
Bankers / Financiers |
: |
NA |
|
Turnover |
: |
SGD - SIN 33,328,704.00
(FY2009) |
|
Net Worth |
: |
SGD - SIN 3,348,034.00
(FY2009) |
|
No. of Bank Charges |
: |
NA |
|
No. of Litigation Suits |
: |
NA |
|
S1000 / SME 500 / FG50
Ranking |
: |
|
|
Compounded Annual Growth
Rate (CAGR) |
: |
NA |
Credit Recommendation
|
Recommended Credit Line |
: |
S$167,000 |
SHAREHOLDER DETAILS
|
: |
QUEK HUNG GUAN |
|
|
SHAREHOLDER ID |
: |
S0546086G |
|
NATIONALITY |
: |
SINGAPORE CITIZEN |
|
ADDRESS |
: |
2A PRINCESS OF WALES ROAD SINGAPORE 266901 |
|
NO. OF ORD SHARES |
: |
2,000,004 |
|
% OF SHAREHOLDING |
: |
100% |
|
CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
JOHANNUS
ADOLPHUS ZWETSLOOT |
|
|
ADDRESS |
: |
715
PASIR RIS STREET 72 #14-19 SINGAPORE 510715 |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
03/12/2007 |
|
NATIONALITY |
: |
DUTCH |
|
I/C PASSPORT |
: |
G5844717Q |
|
|
||
|
NAME |
: |
JULIANA
LOH JOO HUI |
|
ADDRESS |
: |
22 ST.
GEORGE'S ROAD #12-182 SINGAPORE 321022 |
|
POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
15/04/2009 |
|
NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S2558149J |
KEY PERSONNEL PROFILE
|
JOHANNUS ADOLPHUS ZWETSLOOT |
|
|
NRIC Number: |
G5844717Q |
|
Available Address: |
715 PASIR RIS STREET 72
#14-19 SINGAPORE 510715 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
YURAKU INTERNATIONAL PTE. LTD. |
DIRECTOR |
18/08/2011 |
- |
- |
|
|
2 |
YURAKU PTE. LTD. |
DIRECTOR |
03/12/2007 |
- |
- |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
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||
Bankruptcy Record
|
Case
No. |
Year |
Date
of Filing |
Petitioner
Name |
Amount |
|
|
|
|
|
Litigation Search – Writ of Summons
|
Court |
Case No. |
Year |
Date
of Filing |
Amount |
Cause
Category |
|
|
|
|
|
|
SUBSIDIARIES AND ASSOCIATE
COMPANIES
|
Company |
Shareholdings (%) |
|
|
|
|
35 |
|
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 |
: |
|
|
Date of Last AR |
: |
24/01/2011 |
|
Date of A/C Laid At Last AGM |
: |
31/12/2009 |
FINANCIAL HIGHLIGHTS
|
Financial Figures |
||||||
|
|
DEC 2009 |
% Change |
DEC 2008 |
DEC 2007 |
DEC 2006 |
DEC 2005 |
|
Currency |
SGD - SIN |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
|
|
|
|
|
|
|
33,328,704 |
-67.40 |
102,234,958 |
81,252,101 |
348,679,229 |
0 |
|
|
Profit/(Loss) Before Tax |
(465,270) |
NA |
(3,219,141) |
1,230,128 |
2,316,514 |
0 |
|
Profit After Tax attributable to
Shareholders |
(824,880) |
NA |
(2,953,635) |
878,914 |
1,952,758 |
0 |
|
|
|
|
|
|
|
|
|
Balance Sheet Key Figures |
|
|
|
|
|
|
|
Total Assets |
8,290,704 |
-36.76 |
13,110,666 |
15,758,586 |
10,566,234 |
0 |
|
Current Assets |
6,834,889 |
-40.00 |
11,390,888 |
14,570,177 |
9,278,386 |
0 |
|
Non Current Assets |
1,455,815 |
-15.35 |
1,719,778 |
1,188,409 |
1,287,848 |
0 |
|
|
|
|
|
|
|
|
|
Total Liabilities |
4,942,671 |
-45.60 |
9,086,464 |
10,586,531 |
7,221,929 |
0 |
|
Current Liabilities |
4,927,514 |
-45.64 |
9,065,016 |
10,580,790 |
7,216,221 |
0 |
|
Non Current Liabilities |
15,157 |
-29.33 |
21,448 |
5,741 |
5,708 |
0 |
|
|
|
|
|
|
|
|
|
Shareholders' Funds |
3,348,034 |
-16.80 |
4,024,200 |
5,172,055 |
3,344,305 |
0 |
|
Share Capital |
5,105,800 |
3.13 |
4,950,857 |
1,948,918 |
1,027,415 |
0 |
|
Total Reserves |
(1,757,766) |
NA |
(926,657) |
3,223,137 |
2,316,890 |
0 |
|
|
|
|
|
|
|
|
FINANCIAL RATIOS
|
|
|||||
|
|
DEC
2009 |
DEC
2008 |
DEC
2007 |
DEC
2006 |
DEC
2005 |
|
Growth % |
|
|
|
|
|
|
-67.40 |
25.82 |
-76.70 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Profitability |
|
|
|
|
|
|
Profit Margin (%) |
NA |
NA |
1.08 |
0.56 |
NA |
|
Return on Equity (%) |
NA |
NA |
16.99 |
58.39 |
NA |
|
Return on Assets (%) |
NA |
NA |
5.58 |
18.48 |
NA |
|
|
|
|
|
|
|
|
Leverage |
|
|
|
|
|
|
Total Debt/Equity (Times) |
1.48 |
2.26 |
2.05 |
2.16 |
NA |
|
Current Debt/Equity (Times) |
1.47 |
2.25 |
2.05 |
2.16 |
NA |
|
Long Term Debt To Equity (Times) |
0.00 |
0.01 |
0.00 |
0.00 |
NA |
|
Total Asset To Total Equity (Times) |
2.48 |
3.26 |
3.05 |
3.16 |
NA |
|
|
|
|
|
|
|
|
Asset Management |
|
|
|
|
|
|
Total Assets Turnover (Times) |
4.02 |
7.80 |
5.16 |
33.00 |
NA |
|
Fixed Assets Turnover (Times) |
22.89 |
59.45 |
68.37 |
270.75 |
NA |
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
1.39 |
1.26 |
1.38 |
1.29 |
NA |
|
|
|
|
|
|
|
FINANCIAL HIGHLIGHTS
|
Financial Figures |
||||||
|
|
DEC 2009 |
% Change |
DEC 2008 |
DEC 2007 |
DEC 2006 |
DEC 2005 |
|
Currency |
SGD - SIN |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
|
|
|
|
|
|
|
20,264,673 |
-75.82 |
83,796,950 |
91,538,293 |
306,382,402 |
270,348,601 |
|
|
Profit/(Loss) Before Tax |
(2,871,059) |
NA |
(1,506,358) |
1,729,484 |
1,563,955 |
534,547 |
|
Profit After Tax attributable to
Shareholders |
(2,842,959) |
NA |
(1,540,356) |
1,360,698 |
1,201,828 |
324,547 |
|
|
|
|
|
|
|
|
|
Balance Sheet Key Figures |
|
|
|
|
|
|
|
Total Assets |
5,628,933 |
-34.88 |
8,643,801 |
14,625,663 |
7,833,356 |
13,157,345 |
|
Current Assets |
4,504,850 |
-41.37 |
7,684,060 |
13,524,798 |
6,678,836 |
12,951,838 |
|
Non Current Assets |
1,124,083 |
17.12 |
959,741 |
1,100,865 |
1,154,520 |
205,507 |
|
|
|
|
|
|
|
|
|
Total Liabilities |
3,170,498 |
-9.50 |
3,503,284 |
9,758,041 |
5,270,669 |
11,832,798 |
|
Current Liabilities |
3,155,255 |
-9.38 |
3,481,836 |
9,752,300 |
5,264,961 |
11,827,798 |
|
Non Current Liabilities |
15,243 |
-28.93 |
21,448 |
5,741 |
5,708 |
5,000 |
|
|
|
|
|
|
|
|
|
Shareholders' Funds |
2,458,436 |
-52.18 |
5,140,516 |
4,867,621 |
2,562,687 |
1,324,547 |
|
Share Capital |
5,105,800 |
3.13 |
4,950,857 |
1,948,918 |
1,027,415 |
1,000,000 |
|
Total Reserves |
(2,647,364) |
NA |
189,659 |
2,918,703 |
1,535,272 |
324,547 |
|
|
|
|
|
|
|
|
FINANCIAL RATIOS
|
|
|||||
|
|
DEC
2009 |
DEC
2008 |
DEC
2007 |
DEC
2006 |
DEC
2005 |
|
Growth % |
|
|
|
|
|
|
-75.82 |
-8.46 |
-70.12 |
13.33 |
NA |
|
|
|
|
|
|
|
|
|
Profitability |
|
|
|
|
|
|
Profit Margin (%) |
-14.03 |
-1.84 |
1.49 |
0.39 |
0.12 |
|
Return on Equity (%) |
-115.64 |
-29.97 |
27.95 |
46.90 |
24.50 |
|
Return on Assets (%) |
-50.51 |
-17.82 |
9.30 |
15.34 |
2.47 |
|
|
|
|
|
|
|
|
Leverage |
|
|
|
|
|
|
Total Debt/Equity (Times) |
1.29 |
0.68 |
2.00 |
2.06 |
8.93 |
|
Current Debt/Equity (Times) |
1.28 |
0.68 |
2.00 |
2.05 |
8.93 |
|
Long Term Debt To Equity (Times) |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Asset To Total Equity (Times) |
2.29 |
1.68 |
3.00 |
3.06 |
9.93 |
|
|
|
|
|
|
|
|
Asset Management |
|
|
|
|
|
|
Total Assets Turnover (Times) |
3.60 |
9.69 |
6.26 |
39.11 |
20.55 |
|
Fixed Assets Turnover (Times) |
18.03 |
87.31 |
83.15 |
265.38 |
1,315.52 |
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
1.43 |
2.21 |
1.39 |
1.27 |
1.10 |
|
|
|
|
|
|
|
FINANCIAL
COMMENTARY
Profitability
We are unable to comment on
Subject's profitability.
Liquidity
Current ratio stood at 1.39 times in FY09
(FY08: 1.26 times). This means that the group has SGD - SIN 1.39 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
1.48 times in FY09, as compared with 2.26 times in FY08. This means that the
group requires additional external financing of SGD - SIN 1.48 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
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 4.02 times in FY09 (FY08: 7.80
times). 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.48.87 |
|
UK Pound |
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
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.