MIRA INFORM REPORT

 

 

Report Date :           

19.11.2011

 

IDENTIFICATION DETAILS

 

Name :

SABER PTE. LTD.

 

 

Formerly Known As :

Saber International Marketing Pte. Ltd

 

 

Registered Office :

101 Thomson Road #23-02/03 United Square Singapore 307591

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

02.03.1995

 

 

Com. Reg. No.:

199501475z

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade

 

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 – 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

:

SABER PTE. LTD.

Registration No

:

199501475Z

Date of Registration

:

02/03/1995

Former Name

:

1.SABER INTERNATIONAL PTE LTD Eff. date : 02/03/1995 Eff. date : 02/03/1995

2.SABERPRINT (SINGAPORE) PTE. LTD. Eff. date : 21/05/2008 Eff. date : 21/05/2008

3.SABER INTERNATIONAL MARKETING PTE. LTD. Eff. date : 15/04/2009 Eff. date : 15/04/2009

Date of Change of Name

:

16/12/2010

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

101 THOMSON ROAD #23-02/03 UNITED SQUARE SINGAPORE 307591

Date of Change of Address

:

28/12/2010

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$15,000,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 15,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$15,000,000.00 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

:

RICHARD LIM & CO

Bankers / Financiers

:

DBS BANK LTD.

UNITED OVERSEAS BANK LIMITED

Turnover

:

SINGAPORE, DOLLARS 0.00 (FY2009)

Net Worth

:

SINGAPORE, DOLLARS (132,145.00) (FY2009)

No. of Bank Charges

:

4

No. of Litigation Suits

:

NA

S1000 / SME 500 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 1000

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

Credit Recommendation

 

Recommended Credit Line

:

No Recommendation

 

 

SHAREHOLDER DETAILS

 

NAME

:

SABER INTERNATIONAL ENTERPRISE PTE. LTD.

SHAREHOLDER ID

:

199106030D

NATIONALITY

:

SINGAPORE

ADDRESS

:

101 THOMSON ROAD #23-02/03 UNITED SQUARE SINGAPORE 307591

NO. OF ORD SHARES

:

15,000,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

SUKUMARAN S/O RAMASAMY

ADDRESS

:

NO. 12 JALAN SURIA 4/2, TAMAN SURIA, 81100 JOHOR BAHRU, JOHOR, MALAYSIA

POSITION

:

DIRECTOR

DATE OF APPT

:

18/03/2011

NATIONALITY

:

MALAYSIAN

I/C PASSPORT

:

570523-04-5369

 

NAME

:

CHEO TIONG CHOON

ADDRESS

:

39 KING ALBERT PARK KING ALBERT PARK SINGAPORE 598321

POSITION

:

DIRECTOR

DATE OF APPT

:

02/03/1995

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0092069Z

 

NAME

:

CHEO CHONG CHER

ADDRESS

:

39 KING ALBERT PARK KING ALBERT PARK SINGAPORE 598321

POSITION

:

 

SECRETARY

DATE OF APPT

:

 

11/04/1995

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0195085A

 

 

KEY PERSONNEL PROFILE

 

Name:

CHEO TIONG CHOON

NRIC Number:

S0092069Z

Available Address:

39 KING ALBERT PARK KING ALBERT PARK  SINGAPORE 598321

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

ANTHOLA HOLDINGS (SINGAPORE) PTE LTD

DIRECTOR

08/01/1988

1

0.00

2

ANTHOLA HOLDINGS (SINGAPORE) PTE LTD

SHAREHOLDER

-

1

0.00

3

CHEO HOLDINGS PTE. LTD.

DIRECTOR

01/11/1983

152500

14.52

4

CHOON HENG TRANSPORT & WAREHOUSING PTE LTD

DIRECTOR

30/05/2009

-

-

5

CONTAINERS PRINTERS PTE LTD

DIRECTOR

01/09/2006

-

-

6

G & U LOGISTICS INTERNATIONAL (HOLDINGS) PTE LTD

DIRECTOR

15/10/2009

-

-

7

KENT HOLIDAYS (S) PTE LTD

DIRECTOR

25/05/1992

-

-

8

NGO CHEW HONG INVESTMENT PTE. LTD.

DIRECTOR

30/11/1982

-

-

9

PREMIER LOGISTICS PTE LTD

DIRECTOR

06/10/1994

-

-

10

ROCK INTERNATIONAL (SINGAPORE) PTE LTD

DIRECTOR

27/05/1994

-

-

11

ROCK INTERNATIONAL MARKETING PTE LTD

DIRECTOR

22/09/1998

2000000

100.00

12

SABER INTERNATIONAL ENTERPRISE PTE. LTD.

DIRECTOR

03/12/1991

15000000

100.00

13

SABER PTE. LTD.

DIRECTOR

02/03/1995

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

AAA AGENCY PTE. LTD.

IN LIQUIDATION - COMPULSORY WINDING UP (INSOLVENCY)

DIRECTOR

30/07/1989

21/05/2003

2

AAA AGENCY PTE. LTD.

IN LIQUIDATION - COMPULSORY WINDING UP (INSOLVENCY)

SHAREHOLDER

-

-

3

ANTHOLA INSURANCE AGENCIES PTE LTD

STRUCK OFF

DIRECTOR

29/02/1980

-

4

ASIAN AFRICAN TRADING PTE. LTD.

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

DIRECTOR

05/08/1983

28/07/1984

5

CHOON HENG TRANSPORT & WAREHOUSING PTE LTD

LIVE COMPANY

MANAGING DIRECTOR

01/09/1994

17/12/2003

6

COMPUTER RESOURCES CENTRE PTE LTD

LIVE COMPANY

DIRECTOR

12/10/1981

01/10/1983

7

CONTAINERS PRINTERS PTE LTD

LIVE COMPANY

SHAREHOLDER

-

11/11/2011

8

ESTHETEC PTE LTD

GAZETTED TO BE STRUCK OFF

DIRECTOR

20/11/1992

01/08/2006

9

LION GARDEN RESTAURANT PTE. LTD.

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

DIRECTOR

23/07/1982

18/03/1996

10

LION GARDEN RESTAURANT PTE. LTD.

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

SHAREHOLDER

-

-

11

LOCONAL PTE LTD

LIVE COMPANY

DIRECTOR/SHR

04/06/1996

16/11/2011

12

MARCUS WONG KK PTE. LTD.

DISSOLVED - CREDITORS' VOLUNTARY WINDING UP

DIRECTOR

30/08/1996

16/02/2004

13

MEGADESIGN PTE LTD

STRUCK OFF

DIRECTOR

27/12/1995

18/06/1996

14

MEWAH BRANDS (S) PTE. LTD.

LIVE COMPANY

DIRECTOR

04/10/1997

04/09/2002

15

MEWAH COMMODITIES PTE. LTD.

LIVE COMPANY

DIRECTOR

28/11/2002

05/07/2005

16

MEWAH OILS & FATS PTE LTD

LIVE COMPANY

DIRECTOR

04/03/2002

22/07/2004

17

NAGAE (S) PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

23/07/2011

18

NGO CHEW HONG EDIBLE OIL PTE. LTD.

LIVE COMPANY

DIRECTOR

03/11/1980

15/11/2011

 

19

PREMIER G & U DISTRICENTERS PTE. LTD.

IN LIQUIDATION - CREDITORS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

21/10/1996

16/02/2004

20

PREMIER G & U LOGISTICS PTE. LTD.

IN LIQUIDATION - CREDITORS' VOLUNTARY WINDING UP

DIRECTOR

15/10/2009

-

21

R J LONDON CHEMICAL (S) PTE LTD

LIVE COMPANY

DIRECTOR

15/09/1980

18/02/1985

22

ROCK CREATE PTE LTD

STRUCK OFF

DIRECTOR

03/04/1995

02/10/2003

23

ROCK CREATE PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

24

ROCK INTERNATIONAL (SINGAPORE) PTE LTD

LIVE COMPANY

SHAREHOLDER

-

05/07/2011

25

ROSE GARDEN HONG KONG TEOCHEW RESTAURANT

TERMINATION

MANAGER

01/01/1982

15/08/1984

26

SONYON DESIGN & CONTRACTS PTE LTD

STRUCK OFF

DIRECTOR

24/02/1988

12/02/1992

27

VANHOFF ENTERPRISES

CANCELLATION

MANAGER

11/07/1979

14/03/1986

28

VANHOFF ENTERPRISES

CANCELLATION

OWNER

11/07/1979

14/03/1986

29

VISIONSONIC PTE. LTD.

IN LIQUIDATION - COMPULSORY WINDING UP (INSOLVENCY)

DIRECTOR

15/04/1994

17/01/1997

30

VISIONSONIC PTE. LTD.

IN LIQUIDATION - COMPULSORY WINDING UP (INSOLVENCY)

SHAREHOLDER

-

-

31

ZINTECH PRODUCTIONS PTE LTD

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

DIRECTOR

02/02/1982

05/01/1985

 

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

M

22970

2004

21/09/2004

SGD 3,091.21

Credit Related

D

3415

2003

29/07/2003

SGD 189,767.95

Credit Related

M

12669

1998

29/05/1998

SGD 3,129.14

Credit Related

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

NA

 

 

                                                                                                                       

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 4 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201112664

 

Date of Registration

:

10/10/2011

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809

 

2)

Charge No.

:

C201112663

 

Date of Registration

:

10/10/2011

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809

 

3)

Charge No.

:

C201104513

 

Date of Registration

:

12/04/2011

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

4)

Charge No.

:

C201104090

 

Date of Registration

:

04/04/2011

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

             

 

 

 

 

 

LITIGATION

 

Clear

 

 

COMPLIANCE RECORDS

 

Date of Last AGM

:

31/10/2011

Date of Last AR

:

08/11/2011

Date of A/C Laid At Last AGM

:

31/12/2009

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2009

% Change

DEC 2008

DEC 2007

DEC 2006

DEC 2005

Currency

SINGAPORE, DOLLARS

 

SGD - SIN

SGD - SIN

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

0

NA

0

0

0

0

Profit/(Loss) Before Tax

(1,800)

NA

(1,720)

(1,420)

(1,730)

(2,130)

Profit After Tax attributable to Shareholders

(1,800)

NA

(1,720)

(1,420)

(1,730)

(2,130)

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

809

-17.36

979

799

2,169

349

Current Assets

809

-17.36

979

799

2,169

349

Non Current Assets

0

NA

0

0

0

0

 

 

 

 

 

 

 

Total Liabilities

132,954

1.24

131,324

129,424

129,374

125,824

Current Liabilities

132,954

1.24

131,324

129,424

129,374

125,824

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

(132,145)

NA

(130,345)

(128,625)

(127,205)

(125,475)

Share Capital

105,000

0.00

105,000

105,000

105,000

105,000

Total Reserves

(237,145)

NA

(235,345)

(233,625)

232,205

(230,475)

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2009

DEC 2008

DEC 2007

DEC 2006

DEC 2005

Growth %

 

 

 

 

 

Year-on-Year Growth

NA

NA

NA

NA

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.00

0.00

0.00

0.00

0.00

Return on Equity (%)

1.36

1.32

1.10

1.36

1.70

Return on Assets (%)

-222.50

-175.69

-177.72

-79.76

-610.32

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

-1.01

-1.01

-1.01

-1.02

-1.00

Current Debt/Equity (Times)

0.00

0.00

0.00

0.00

0.00

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

-0.01

-0.01

-0.01

-0.02

0.00

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.00

0.00

0.00

0.00

0.00

Fixed Assets Turnover (Times)

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

0.01

0.01

0.01

0.02

0.00

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

We are unable to comment on Subject's profitability.

 

 

Liquidity

 

Current ratio stood at 0.01 times in FY09 (FY08: 0.01 times). This means that the company has SINGAPORE, DOLLARS 0.01 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

We are unable to comment on Subject's leverage.

 

 

Efficiency Ratio

 

Return on equity was 1.36 per cent for Subject in the current financial period, as compared to 1.32 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.

 

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

 

We are unable to comment on Subject's total assets turnover ratio.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.35

UK Pound

1

Rs.80.97

Euro

1

Rs.68.26

 

 

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.