MIRA INFORM REPORT

 

 

Report Date :           

08.10.2011

 

IDENTIFICATION DETAILS

 

Name :

INTERGLOBO TRANSUNION (S.E.A.) PTE. LTD.

 

 

Registered Office :

1 North Bridge Road #16-02 High Street Centre Singapore 179094

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

06.05.2002

 

 

Com. Reg. No.:

200203768z

 

 

Legal Form :

Limited Private Company             

 

 

Line of Business :

Freight Forwarding, Packing And Crating Services

 

RATING & COMMENTS

 

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$253,000

Status :

Moderate

Payment Behaviour :

No Complaints

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 – 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

 

Executive Summary

 

Company Name

:

INTERGLOBO TRANSUNION (S.E.A.) PTE. LTD.

Registration No

:

200203768Z

Date of Registration

:

06/05/2002

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

1 NORTH BRIDGE ROAD #16-02 HIGH STREET CENTRE SINGAPORE 179094

Date of Change of Address

:

01/10/2010

Contact No.

:

6454 4608

Fax No.

:

64534900

Website

:

NA

Registered Activities

:

FREIGHT FORWARDING, PACKING AND CRATING SERVICES

Issued Ordinary Capital*

:

$470,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 470,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$470,000.00 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

:

LOUISE NEO & COMPANY

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 21,938,440.00 (FY2010)

Net Worth

:

SINGAPORE, DOLLARS 2,531,884.00 (FY2010)

No. of Bank Charges

:

NA

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

:

S$253,000

 

 

SHAREHOLDER DETAILS

 

NAME

:

INTERGLOBO QUEIROLO SRL

SHAREHOLDER ID

:

T06UF0528K

NATIONALITY

:

ITALY

ADDRESS

:

PIAZZA DANTE 7-4, 16121 GENOA, ITALY

NO. OF ORD SHARES

:

156,667

% OF SHAREHOLDING

:

33.3%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TRANSUNION SA

SHAREHOLDER ID

:

T06UF3353C

NATIONALITY

:

SPAIN

ADDRESS

:

AV DRASSANES 6-8, EDIFICIO COLON PLANTA 17, 08001 BARCELONA, SPAIN

NO. OF ORD SHARES

:

156,667

% OF SHAREHOLDING

:

33.3%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

BRUNO LIOTTA

SHAREHOLDER ID

:

S2721073B

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

257 ARCADIA ROAD #01-01 HILLCREST ARCADIA SINGAPORE 289851

NO. OF ORD SHARES

:

78,333

% OF SHAREHOLDING

:

16.7%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

ROBERTO BONVINI

SHAREHOLDER ID

:

Y 431789

NATIONALITY

:

ITALIAN

ADDRESS

:

ASTON HOTEL - ROOM 2009 - JI GARNISUN DALAM NO/8 KARET SEMANGGI, JAKARTA 12930, INDONESIA

NO. OF ORD SHARES

:

78,333

% OF SHAREHOLDING

:

16.7%

CURRENCY

:

SINGAPORE, DOLLARS

 

OFFICER DETAILS

 

NAME

:

FEDERICO CAMANEZ ROJO

ADDRESS

:

AV DRASSANES 6-8 EDIFICIO COLO N PLANTA 17 08001 BARCELONA SPAIN

POSITION

:

DIRECTOR

DATE OF APPT

:

01/07/2002

NATIONALITY

:

SPANISH

I/C PASSPORT

:

AE446268

 

NAME

:

YEO SOCK HWA

ADDRESS

:

6 LIM AH PIN ROAD #01-03 SINGAPORE 547822

POSITION

:

SECRETARY

DATE OF APPT

:

06/05/2002

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1254472C

 

NAME

:

BRUNO LIOTTA

ADDRESS

:

257 ARCADIA ROAD #01-01 HILLCREST ARCADIA SINGAPORE 289851

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

01/07/2002

01/07/2002

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2721073B

 

 

KEY PERSONNEL PROFILE

 

Name:

BRUNO LIOTTA

NRIC Number:

S2721073B

Available Address:

257 ARCADIA ROAD #01-01 HILLCREST ARCADIA  SINGAPORE 289851

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

ANTIQUARO PTE. LTD.

SHAREHOLDER

-

1

10.00

2

INTERGLOBO TRANSUNION (S.E.A.) PTE. LTD.

DIRECTOR

01/07/2002

78333

16.66

3

INTERGLOBO TRANSUNION (S.E.A.) PTE. LTD.

MANAGING DIRECTOR

01/07/2002

78333

16.66

4

TRADEFORD SINGAPORE PTE. LTD.

DIRECTOR

03/06/2006

60000

50.00

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ZUST-AMBROSETTI (S.E.A.) PTE. LTD.

STRUCK OFF

DIRECTOR

26/10/1998

31/05/2002

2

ZUST-AMBROSETTI (S.E.A.) PTE. LTD.

STRUCK OFF

MANAGING DIRECTOR

26/10/1998

31/05/2002

 

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 (%)

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

:

29/07/2011

Date of Last AR

:

14/09/2011

Date of A/C Laid At Last AGM

:

31/12/2010
 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

DEC 2010

% Change

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

21,938,440

13.37

19,351,955

25,461,683

21,829,663

22,725,904

Profit/(Loss) Before Tax

531,457

-11.73

602,050

270,667

215,962

(9,068)

Profit After Tax attributable to Shareholders

469,045

-6.19

500,011

239,332

201,967

5,932

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

8,636,656

3.92

8,310,898

7,900,356

8,050,632

7,229,632

Current Assets

8,033,122

4.43

7,692,062

7,352,559

7,468,715

6,560,341

Non Current Assets

603,534

-2.47

618,836

547,797

581,917

669,291

 

 

 

 

 

 

 

Total Liabilities

6,104,772

-2.33

6,250,243

6,338,667

6,723,143

6,104,037

Current Liabilities

5,913,829

-2.23

6,048,998

6,097,420

6,440,321

5,777,140

Non Current Liabilities

190,943

-5.12

201,245

241,247

282,822

326,897

 

 

 

 

 

 

 

Shareholders' Funds

2,531,884

22.87

2,060,655

1,561,689

1,327,489

1,125,595

Share Capital

470,000

0.00

470,000

470,000

470,000

470,000

Total Reserves

2,061,884

29.62

1,590,655

1,091,689

857,489

655,595

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

DEC 2010

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Growth %

 

 

 

 

 

Year-on-Year Growth

13.37

-24.00

16.64

-3.94

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

2.14

2.58

0.94

0.93

0.03

Return on Equity (%)

18.53

24.26

15.33

15.21

0.53

Return on Assets (%)

5.43

6.02

3.03

2.51

0.08

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

2.41

3.03

4.06

5.06

5.42

Current Debt/Equity (Times)

2.34

2.94

3.90

4.85

5.13

Long Term Debt To Equity (Times)

0.08

0.10

0.15

0.21

0.29

Total Asset To Total Equity (Times)

3.41

4.03

5.06

6.06

6.42

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

2.54

2.33

3.22

2.71

3.14

Fixed Assets Turnover (Times)

36.35

31.27

46.48

37.51

33.96

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.36

1.27

1.21

1.16

1.14

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2010

% Change

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

*

NA

0

0

0

0

Profit/(Loss) Before Tax

*

NA

0

0

0

0

Profit After Tax attributable to Shareholders

*

NA

0

0

0

0

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

5,203,515

5.50

4,932,436

4,794,826

5,171,282

4,895,685

Current Assets

4,985,865

6.40

4,686,144

4,616,927

4,952,284

4,594,766

Non Current Assets

217,650

-11.63

246,292

177,899

218,998

300,919

 

 

 

 

 

 

 

Total Liabilities

2,858,757

-3.50

2,962,558

3,314,772

3,901,079

3,822,976

Current Liabilities

2,855,329

-3.51

2,959,130

3,291,450

3,856,025

3,747,622

Non Current Liabilities

3,428

0.00

3,428

23,322

45,054

75,354

 

 

 

 

 

 

 

Shareholders' Funds

2,344,758

19.03

1,969,878

1,480,054

1,270,203

1,072,709

Share Capital

470,000

0.00

470,000

470,000

470,000

470,000

Total Reserves

1,874,758

24.99

1,499,878

1,010,054

800,203

602,709

 

 

 

 

 

 

 

* As per Companies Act, section 201 Accounts, Consolidated accounts and directors report, sub-section 3A.

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2010

DEC 2009

DEC 2008

DEC 2007

DEC 2006

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 (%)

0.00

0.00

0.00

0.00

0.00

Return on Assets (%)

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.22

1.50

2.24

3.07

3.56

Current Debt/Equity (Times)

1.22

1.50

2.22

3.04

3.49

Long Term Debt To Equity (Times)

0.00

0.00

0.02

0.04

0.07

Total Asset To Total Equity (Times)

2.22

2.50

3.24

4.07

4.56

 

 

 

 

 

 

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)

1.75

1.58

1.40

1.28

1.23

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

The group yielded a rate of net profit on sales of 2.14 per cent in FY10 (FY09: 2.58 per cent). The group is now able to book in SINGAPORE, DOLLARS 0.02 of profit for every SINGAPORE, DOLLARS of sales in FY10, as compared with SINGAPORE, DOLLARS 0.03 a year ago.

 

 

Liquidity

 

Current ratio stood at 1.36 times in FY10 (FY09: 1.27 times). This means that the group has SINGAPORE, DOLLARS 1.36 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 2.41 times in FY10, as compared with 3.03 times in FY09. This means that the group requires additional external financing of SINGAPORE, DOLLARS 2.41 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 18.53 per cent for Subject in the current financial period, as compared to 24.26 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 5.43 per cent (FY09: 6.02 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 2.54 times in FY10 (FY09: 2.33 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.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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.