MIRA INFORM REPORT

 

 

Report Date :           

29.10.2011

 

IDENTIFICATION DETAILS

 

Name :

DOU YEE ENTERPRISES (S) PTE LTD

 

 

Registered Office :

2304 Bedok Reservoir Road Bedok Industrial Park C Singapore 479223

 

 

Country :

Singapore

 

 

Financials (as on) :

30.09.2010 (Group)

30.09.2010 (Company)

 

 

Date of Incorporation :

12.07.1982

 

 

Com. Reg. No.:

198202960e

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Wholesale of Chemicals and Chemical Products

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

S$1,000,000

Status :

Good

Payment Behaviour :

No Complaints

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

:

DOU YEE ENTERPRISES (S) PTE LTD

Registration No

:

198202960E

Date of Registration

:

12/07/1982

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

2304 BEDOK RESERVOIR ROAD BEDOK INDUSTRIAL PARK C SINGAPORE 479223

Date of Change of Address

:

11/07/1994

Contact No.

:

6444 2678

Fax No.

:

6743 7172

Website

:

www.douyee.com.sg

Registered Activities

:

WHOLESALE OF CHEMICALS AND CHEMICAL PRODUCTS NEC

Issued Ordinary Capital*

:

$25,559,358.58 SINGAPORE, DOLLARS ,NO. OF SHARE : 25,144,875

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$25,559,358.58 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

:

1

No. of Local Associates

:

NA

Auditor

:

ODDS & EVEN ASSOCIATES

Bankers / Financiers

:

UNITED OVERSEAS BANK LIMITED

Turnover

:

SGD - SIN 157,993,745.00 (FY2010)

Net Worth

:

SGD - SIN 71,083,090.00 (FY2010)

No. of Bank Charges

:

3

No. of Litigation Suits

:

3

S1000 / SME 500 / FG50 Ranking

:

1581 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

1055 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

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

1021 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2007/2008)

758 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2006/2007)

Compounded Annual Growth Rate (CAGR)

:

1.1% (4 years)

 

 

Credit Recommendation

 

Recommended Credit Line

:

S$1,000,000

 

 

SHAREHOLDER DETAILS

 

NAME

:

DOU YEE INTERNATIONAL PTE LTD

SHAREHOLDER ID

:

198303961R

NATIONALITY

:

SINGAPORE

ADDRESS

:

2304 BEDOK INDUSTRIAL PARK C BEDOK RESEVOIR ROAD SINGAPORE 479223

NO. OF ORD SHARES

:

24,601,570

% OF SHAREHOLDING

:

97.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

THAM WAI MUN

SHAREHOLDER ID

:

S2571976Z

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

900 DUNEARN ROAD #07-04 BLOSSOMVALE, THE SINGAPORE 589473

NO. OF ORD SHARES

:

188,300

% OF SHAREHOLDING

:

0.7%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

JEAN-LUC HOUALLA

SHAREHOLDER ID

:

01BC27588

NATIONALITY

:

FRENCH

ADDRESS

:

13 CHEMIN DE BORDENOIRE, 31 170 TOURNEFEUILLE, FRANCE

NO. OF ORD SHARES

:

57,130

% OF SHAREHOLDING

:

0.2%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN SAY KEE

SHAREHOLDER ID

:

S2679208H

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

941 TAMPINES AVENUE 5 #08-219 SINGAPORE 520941

NO. OF ORD SHARES

:

53,950

% OF SHAREHOLDING

:

0.2%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

HELEN LIM SOCK HOONG

SHAREHOLDER ID

:

S1769079E

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

215 PASIR RIS STREET 21 #09-270 SINGAPORE 510215

NO. OF ORD SHARES

:

50,400

% OF SHAREHOLDING

:

0.2%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LEO WANG KHOON @ LIANG CHEE CHUEK

SHAREHOLDER ID

:

S0269827G

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

52 BURGUNDY CRESCENT BURGUNDY HILL SINGAPORE 658765

NO. OF ORD SHARES

:

36,450

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

POH KIM ANN

SHAREHOLDER ID

:

S6909005B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

1 RIVERVALE LINK #07-09 RIVERVALE, THE SINGAPORE 545118

NO. OF ORD SHARES

:

35,450

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN SUAN YANG

SHAREHOLDER ID

:

S1689989E

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

13 FLORA ROAD #02-09 SINGAPORE 509733

NO. OF ORD SHARES

:

25,600

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN TECK HENG

SHAREHOLDER ID

:

S7007119C

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

233 PAYA LEBAR ROAD #15-13 LE CRESCENDO SINGAPORE 409044

NO. OF ORD SHARES

:

22,600

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN SEE CHEONG

SHAREHOLDER ID

:

S6973474Z

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

39 LENTOR TERRACE FUDU PARK SINGAPORE 788934

NO. OF ORD SHARES

:

17,400

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHUA KAH GAY

SHAREHOLDER ID

:

S6999066E

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

789 WOODLANDS AVENUE 6 #11-643 SINGAPORE 730789

NO. OF ORD SHARES

:

13,050

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LIM TECK YAN

SHAREHOLDER ID

:

S1683281B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

868 TAMPINES STREET 83 #09-201 SINGAPORE 520868

NO. OF ORD SHARES

:

10,000

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

NG YAT SAN

SHAREHOLDER ID

:

S2180540H

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

33 LORONG 6 REALTY PARK PEOPLE''S GARDEN SINGAPORE 536846

NO. OF ORD SHARES

:

7,500

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

WANG WEIDONG

SHAREHOLDER ID

:

S2671164I

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

722 BEDOK RESERVOIR ROAD #12-5172 SINGAPORE 470722

NO. OF ORD SHARES

:

5,700

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

WONG YET CHION

SHAREHOLDER ID

:

S6874470I

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

634 BEDOK RESERVOIR ROAD #14-11 SINGAPORE 410634

NO. OF ORD SHARES

:

5,700

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN KONG TOH

SHAREHOLDER ID

:

S2019705F

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

51 COVE DRIVE #03-05 TURQUOISE SINGAPORE 098393

NO. OF ORD SHARES

:

5,000

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

JEFFREY WEE TUAN JIN

SHAREHOLDER ID

:

S2609574C

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

16 PASIR RIS VIEW PASIR RIS BEACH PARK SINGAPORE 518598

NO. OF ORD SHARES

:

3,575

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHIN KUO CHEONG

SHAREHOLDER ID

:

S1263942B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

222 SIMEI STREET 4 #06-20 SINGAPORE 520222

NO. OF ORD SHARES

:

3,000

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHOO CHIN SENG

SHAREHOLDER ID

:

S6938083B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

48 CARPMAEL ROAD #02-04 SINGAPORE 429974

NO. OF ORD SHARES

:

2,500

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

OH CHOON LIN

ADDRESS

:

62 PASIR RIS HEIGHTS PASIR RIS BEACH PARK SINGAPORE 519269

POSITION

:

DIRECTOR

DATE OF APPT

:

08/11/2005

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0098611I

 

NAME

:

SOO YE WAH

ADDRESS

:

62 PASIR RIS HEIGHTS PASIR RIS BEACH PARK SINGAPORE 519269

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

30/08/1982

30/08/1982

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0098872C

 

NAME

:

NG SIEW HONG

ADDRESS

:

461 CLEMENTI AVENUE 3 #15-614 SINGAPORE 120461

POSITION

:

SECRETARY

DATE OF APPT

:

01/11/2005

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0245049F

 

NAME

:

TAN KONG TOH

ADDRESS

:

51 COVE DRIVE #03-05 TURQUOISE SINGAPORE 098393

POSITION

:

DIRECTOR

DATE OF APPT

:

30/10/2009

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2019705F

 

NAME

:

THAM WAI MUN

ADDRESS

:

900 DUNEARN ROAD #07-04 BLOSSOMVALE, THE SINGAPORE 589473

POSITION

:

DIRECTOR

DATE OF APPT

:

02/09/2010

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2571976Z

 

 

KEY PERSONNEL PROFILE

 

Name:

SOO YE WAH

NRIC Number:

S0098872C

Available Address:

62 PASIR RIS HEIGHTS PASIR RIS BEACH PARK  SINGAPORE 519269

 

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

ALLIED SPECIALTY COMPOUNDS PTE LTD

DIRECTOR

09/12/1996

-

-

2

C-PAK PTE LTD

DIRECTOR

30/09/1996

-

-

3

CONNECT ELECTRICAL ENGINEERING PTE LTD

DIRECTOR

18/09/1997

-

-

4

CPT TECHNOLOGY PTE LTD

DIRECTOR

13/07/2007

153502

99.99

5

DOU YEE ENGINEERING PTE LTD

DIRECTOR

16/01/1997

-

-

6

DOU YEE ENGINEERING PTE LTD

MANAGING DIRECTOR

16/01/1997

-

-

7

DOU YEE ENTERPRISES (S) PTE LTD

DIRECTOR

30/08/1982

-

-

8

DOU YEE ENTERPRISES (S) PTE LTD

MANAGING DIRECTOR

30/08/1982

-

-

9

DOU YEE INTERNATIONAL PTE LTD

DIRECTOR

17/08/1983

10838400

56.45

10

DOU YEE TECHNOLOGIES PTE LTD

DIRECTOR

24/04/1996

-

-

11

DOU YEE TECHNOLOGIES PTE LTD

MANAGING DIRECTOR

27/02/1998

-

-

12

DYNASEM INDUSTRIES (S) PTE LTD

DIRECTOR

10/01/2000

-

-

13

FLEXD PTE. LTD.

DIRECTOR

04/03/2011

-

-

14

FLEXD PTE. LTD.

MANAGING DIRECTOR

03/05/2011

-

-

15

INTEGRATED PLASTICS TECHNOLOGY PTE LTD

DIRECTOR

01/11/1993

645777

6.06

16

KAKO INTERNATIONAL CORPORATION PTE LTD

DIRECTOR

26/11/1996

977000

11.54

17

KOJI VENTURES PTE LTD

DIRECTOR

30/04/2007

-

-

18

MICROFINE MATERIALS TECHNOLOGIES PTE LTD

SHAREHOLDER

-

235631

14.28

19

MICROLINK ASIA PTE. LTD.

DIRECTOR

29/06/1994

-

-

20

NANOX TECHNOLOGY PTE. LTD.

DIRECTOR

10/05/2010

-

-

21

SOLAR CONNECTION PTE. LTD.

DIRECTOR

11/01/2011

-

-

22

SONIC SINGAPORE PTE LTD

DIRECTOR

18/12/1996

-

-

23

SUNTAX INTERNATIONAL CORPORATION (SINGAPORE) PTE LTD

DIRECTOR

26/11/1996

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ADVANTEK PRODUCTS (S) PTE LTD

LIVE COMPANY

DIRECTOR

10/06/1988

14/11/1990

2

C-PAK PTE LTD

LIVE COMPANY

SHAREHOLDER

-

13/10/2011

3

CONCEPT PLASTIC MATERIAL PTE LTD

STRUCK OFF

DIRECTOR

27/10/1987

21/01/1999

4

CONNECT ELECTRICAL ENGINEERING PTE LTD

LIVE COMPANY

SHAREHOLDER

-

13/10/2011

5

DOU YEE ENGINEERING PTE LTD

LIVE COMPANY

SHAREHOLDER

-

21/09/2011

6

DOU YEE ENTERPRISES (S) PTE LTD

LIVE COMPANY

SHAREHOLDER

-

13/10/2011

7

DOU YEE TECHNOLOGIES PTE LTD

LIVE COMPANY

SHAREHOLDER

-

12/10/2011

8

DP TECHNOLOGY PTE LTD

LIVE COMPANY

DIRECTOR

22/03/1995

07/10/1998

9

INNOBRACE ORTHODONTICS PTE LTD

LIVE COMPANY

DIRECTOR

02/02/1998

26/10/2009

10

MICROLINK ASIA PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

12/10/2011

11

PAK INVESTMENT PTE LTD

STRUCK OFF

DIRECTOR

15/10/1996

22/02/2007

12

PAK INVESTMENT PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

13

SONIC SINGAPORE PTE LTD

LIVE COMPANY

SHAREHOLDER

-

11/10/2011

 

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 (%)

DYNASEM INDUSTRIES (S) PTE LTD

100

                                                                                                                       

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 3 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201109518

 

Date of Registration

:

01/08/2011

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

2)

Charge No.

:

C201105773

 

Date of Registration

:

12/05/2011

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

3)

Charge No.

:

C200405758

 

Date of Registration

:

18/11/2004

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

             

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 3 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2011

Past Years

Bef 01 Jan 2011

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

1

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

0

0

High (>$250,000)

0

2

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Supreme Court

 

Case No.

:

111

 

Date of Filing

:

20/01/1995

 

Amount

:

24,873.99

 

Cause

:

Contracts - General

 

Case Status

:

CONCLUDED

 

Plaintiff

:

ADVANTEK PODUCTS S PTE LTD

ADVANTEK INCORPORATED

 

Last Update Date

:

17/12/2007

 

2)

Court

:

Supreme Court

 

Case No.

:

375

 

Date of Filing

:

12/03/1998

 

Amount

:

SGD 35,000.00

SGD 25,000.00

 

Cause

:

Injunction

 

Case Status

:

CONCLUDED

 

Plaintiff

:

ROMAIN LOUIS BILLIET

NGUYEN THI HANH

 

Last Update Date

:

17/12/2007

 

 

3)

Court

:

Magistrate Court

 

Case No.

:

21862

 

Date of Filing

:

06/09/1999

 

Amount

:

0.00

 

Cause

:

Negligence - Motor Accidents (Not Injuries / Death)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CHOO CHEN HSI

 

Last Update Date

:

17/12/2007

 

 

COMPLIANCE

 

Date of Last AGM

:

25/07/2011

Date of Last AR

:

28/07/2011

Date of A/C Laid At Last AGM

:

30/09/2010

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

SEP 2010

% Change

SEP 2009

SEP 2008

SEP 2007

SEP 2006

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

157,993,745

39.94

112,902,193

156,752,232

166,812,077

151,220,972

Profit/(Loss) Before Tax

9,302,214

NA

(758,102)

6,062,298

10,128,553

13,487,990

Profit After Tax attributable to Shareholders

7,428,160

NA

(1,365,314)

4,815,993

8,497,052

11,340,045

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

104,387,315

10.19

94,731,030

107,866,481

109,067,942

107,312,132

Current Assets

68,923,022

18.35

58,236,175

68,196,668

66,993,788

66,738,078

Non Current Assets

35,464,293

-2.82

36,494,855

39,669,813

42,074,154

40,574,054

 

 

 

 

 

 

 

Total Liabilities

33,304,225

12.02

29,730,182

40,181,447

44,395,341

49,307,967

Current Liabilities

30,258,665

17.71

25,706,364

33,990,139

36,894,225

42,150,979

Non Current Liabilities

3,045,560

-24.31

4,023,818

6,191,308

7,501,116

7,156,988

 

 

 

 

 

 

 

Shareholders' Funds

71,083,090

9.36

65,000,848

67,685,034

64,672,601

58,004,165

Share Capital

25,412,165

0.41

25,307,260

25,152,749

25,081,698

24,938,318

Total Reserves

45,670,925

15.06

39,693,588

42,532,285

39,590,903

33,065,847

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

SEP 2010

SEP 2009

SEP 2008

SEP 2007

SEP 2006

Growth %

 

 

 

 

 

Year-on-Year Growth

39.94

-27.97

-6.03

10.31

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

4.70

NA

3.07

5.09

7.50

Return on Equity (%)

10.45

NA

7.12

13.14

19.55

Return on Assets (%)

7.12

NA

4.46

7.79

10.57

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.47

0.46

0.59

0.69

0.85

Current Debt/Equity (Times)

0.43

0.40

0.50

0.57

0.73

Long Term Debt To Equity (Times)

0.04

0.06

0.09

0.12

0.12

Total Asset To Total Equity (Times)

1.47

1.46

1.59

1.69

1.85

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.51

1.19

1.45

1.53

1.41

Fixed Assets Turnover (Times)

4.46

3.09

3.95

3.96

3.73

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

2.28

2.27

2.01

1.82

1.58

 

 

 

 

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

SEP 2010

% Change

SEP 2009

SEP 2008

SEP 2007

SEP 2006

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

131,986,171

46.12

90,324,951

128,297,488

134,286,162

142,413,552

Profit/(Loss) Before Tax

6,061,897

5,399.32

110,230

5,218,377

6,636,250

9,201,939

Profit After Tax attributable to Shareholders

4,906,378

23,867.46

20,471

4,833,846

5,957,284

7,771,049

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

83,863,939

12.31

74,674,848

81,778,469

81,057,456

85,081,146

Current Assets

51,615,794

24.98

41,299,915

47,091,824

45,673,187

51,293,548

Non Current Assets

32,248,145

-3.38

33,374,933

34,686,645

35,384,269

33,787,598

 

 

 

 

 

 

 

Total Liabilities

23,023,849

29.02

17,844,766

23,875,919

26,426,625

34,852,551

Current Liabilities

20,504,620

40.68

14,575,262

19,659,098

21,370,763

29,496,561

Non Current Liabilities

2,519,229

-22.95

3,269,504

4,216,821

5,055,862

5,355,990

 

 

 

 

 

 

 

Shareholders' Funds

60,840,090

7.06

56,830,082

57,902,550

54,630,831

50,228,595

Share Capital

25,412,165

0.41

25,307,260

25,152,749

25,081,698

24,938,318

Total Reserves

35,427,925

12.39

31,522,822

32,749,801

29,549,133

25,290,277

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

SEP 2010

SEP 2009

SEP 2008

SEP 2007

SEP 2006

Growth %

 

 

 

 

 

Year-on-Year Growth

46.12

-29.60

-4.46

-5.71

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

3.72

0.02

3.77

4.44

5.46

Return on Equity (%)

8.06

0.04

8.35

10.90

15.47

Return on Assets (%)

5.85

0.03

5.91

7.35

9.13

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.38

0.31

0.41

0.48

0.69

Current Debt/Equity (Times)

0.34

0.26

0.34

0.39

0.59

Long Term Debt To Equity (Times)

0.04

0.06

0.07

0.09

0.11

Total Asset To Total Equity (Times)

1.38

1.31

1.41

1.48

1.69

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.57

1.21

1.57

1.66

1.67

Fixed Assets Turnover (Times)

4.09

2.71

3.70

3.80

4.21

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

2.52

2.83

2.40

2.14

1.74

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 1.1% (4 years).

 

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

 

Profitability

The group yielded a rate of net profit on sales of 4.70 per cent in FY10. The group is now able to book in SGD - SIN 0.05 of profit for every SGD - SIN of sales.

 

Liquidity

Current ratio stood at 2.28 times in FY10 (FY09: 2.27 times). This means that the group has SGD - SIN 2.28 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

Total debt-to-equity ratio notched 0.47 times in FY10, as compared with 0.46 times in FY09. This means that the group requires additional external financing of SGD - SIN 0.47 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

 

Return on equity was 10.45 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 7.12 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 1.51 times in FY10 (FY09: 1.19 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.48.82

UK Pound

1

Rs.78.57

Euro

1

Rs.69.29

 

 

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.