MIRA
INFORM REPORT
|
Report Date : |
03.09.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
KIDDE ASIA FIRE & SECURITY PTE LTD |
|
|
|
|
Formerly Known As 1: |
UTC FIRE & SECURITY SINGAPORE PTE.
LTD. |
|
|
|
|
Formerly Known As 2: |
KIDDE ASIA PTE. LTD |
|
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|
|
Registered Office : |
207 Kallang Bahru Chubb Singapore Pte Ltd Singapore 339343 |
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|
Country : |
Singapore |
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|
|
Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
02.12.1987 |
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Com. Reg. No.: |
198703782W |
|
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|
|
Legal Form : |
Limited Private Company |
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|
|
|
Line of Business : |
General Wholesale Trade |
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$ 87,000 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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
|
: |
UTC FIRE & SECURITY
SINGAPORE PTE. LTD. |
|
|
Registration No |
: |
198703782W |
|
Date of Registration |
: |
02/12/1987 |
|
Former Name |
: |
1.GUARDALL ASIA PTE LTD
Eff. date : 02/04/1994 Eff. date : 02/04/1994 2.KIDDE ASIA FIRE &
SECURITY PTE LTD Eff. date : 05/06/1998 Eff. date : 05/06/1998 3.KIDDE ASIA PTE. LTD.
Eff. date : 24/10/2002 Eff. date : 24/10/2002 |
|
Date of Change of Name |
: |
20/10/2010 |
|
Type of Company |
: |
LIMITED PRIVATE COMPANY |
|
Registered Address |
: |
207 KALLANG BAHRU CHUBB
SINGAPORE PTE LTD SINGAPORE 339343 |
|
Date of Change of Address |
: |
18/11/2005 |
|
Corporate Office |
: |
70 Bendemeer Road, #02-02, Luzerne Building, Singapore 339343,
Singapore |
|
Contact No. |
: |
6424 7979 |
|
Fax No. |
: |
6424 7978 |
|
Website |
: |
|
|
Registered Activities |
: |
1. GENERAL WHOLESALE
TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS) 2. WHOLESALE ON A FEE OR CONTRACT
BASIS (EG COMMISSION AGENTS) |
|
Issued Ordinary Capital* |
: |
$1,260,000.00 SINGAPORE,
DOLLARS ,NO. OF SHARE : 1,000,000 |
|
Issued Preference Capital |
: |
NA |
|
Paid-Up Ordinary Capital |
: |
$1,260,000.00 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 |
: |
1 |
|
No. of Local Associates |
: |
NA |
|
Auditor |
: |
PRICEWATERHOUSECOOPERS
LLP |
|
Bankers / Financiers |
: |
NA |
|
Turnover |
: |
SINGAPORE, DOLLARS
37,271,000.00 (FY2009) |
|
Net Worth |
: |
SINGAPORE, DOLLARS
1,735,000.00 (FY2009) |
|
No. of Bank Charges |
: |
NA |
|
No. of Litigation Suits |
: |
NA |
|
S1000 / SME 500 / FG50
Ranking |
: |
|
|
Compounded Annual Growth
Rate (CAGR) |
: |
27.35% (4
years) |
Credit Recommendation
|
Recommended Credit Line |
: |
S$87,000 |
SHAREHOLDER DETAILS
|
: |
UTC FIRE & SECURITY LUXEMBOURG S.A.R.L |
|
|
SHAREHOLDER ID |
: |
T10UF2942G |
|
NATIONALITY |
: |
LUXEMBOURG |
|
ADDRESS |
: |
46A AVENUE J.F.KENNEDY, L-1855 LUXEMBOURG GRAND DUCHY OF LUXEMBOURG |
|
NO. OF ORD SHARES |
: |
1,000,000 |
|
% OF SHAREHOLDING |
: |
100% |
|
CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
CHIA
LUANG CHEW HAZEL |
|
|
ADDRESS |
: |
729
CLEMENTI WEST STREET 2 #10-354 SINGAPORE 120729 |
|
POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
01/04/2011 |
|
NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1407126A |
|
|
||
|
NAME |
: |
BUSARAKHAM
KOHSIKAPORN |
|
ADDRESS |
: |
31
MARINE CRESCENT #09-139 MARINE CRESCENT VILLE SINGAPORE 440031 |
|
POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
01/04/2011 |
|
NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1681236F |
|
|
||
|
NAME |
: |
ANAND
SHIVRAM IYER |
|
ADDRESS |
: |
332
UPPER EAST COAST ROAD #01-09 TROPIC GARDENS, THE SINGAPORE 466456 |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
14/11/2006 |
|
NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S6980223J |
|
|
||
|
NAME |
: |
HARINATH
KRISHNAMURTHY |
|
ADDRESS |
: |
F13
GARDEN HOUSE,476 MING YUE ROAD SHANGHAI, CHINA |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
14/11/2006 |
|
NATIONALITY |
: |
INDIAN |
|
I/C PASSPORT |
: |
Z1228744 |
KEY PERSONNEL PROFILE
|
ANAND SHIVRAM IYER |
|
|
NRIC Number: |
S6980223J |
|
Available Address: |
332 UPPER EAST COAST ROAD #01-09
TROPIC GARDENS, THE SINGAPORE 466456 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
GUARDFIRE SINGAPORE PTE. LTD. |
DIRECTOR |
14/11/2006 |
- |
- |
|
|
2 |
UTC FIRE & SECURITY
SINGAPORE PTE. LTD. |
DIRECTOR |
14/11/2006 |
- |
- |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
|
ALLIED GUARDFORCE PTE LTD |
LIVE COMPANY |
DIRECTOR |
01/01/2005 |
17/08/2011 |
|
|
2 |
CHUBB GUARDING SERVICES SINGAPORE
PTE. LTD. |
LIVE COMPANY |
DIRECTOR |
01/01/2005 |
17/08/2011 |
|
3 |
CHUBB SINGAPORE PRIVATE
LIMITED |
LIVE COMPANY |
DIRECTOR |
01/01/2005 |
17/08/2011 |
|
4 |
THE SOUND CHANNEL |
LIVE |
OWNER |
06/10/2009 |
25/09/2010 |
Bankruptcy Record
|
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
|
Company |
Shareholdings (%) |
|
|
|
|
100 |
|
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
COMPLIANCE RECORDS
|
Date of Last AGM |
: |
|
|
Date of Last AR |
: |
12/02/2011 |
|
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 |
|
|
|
|
|
|
|
37,271,000 |
-33.78 |
56,282,000 |
59,154,000 |
40,167,000 |
14,172,000 |
|
|
Profit/(Loss) Before Tax |
941,000 |
-32.25 |
1,389,000 |
1,734,000 |
(600,000) |
(931,000) |
|
Profit After Tax attributable to
Shareholders |
893,000 |
-21.60 |
1,139,000 |
1,904,000 |
(600,000) |
(931,000) |
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|
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|
Balance Sheet Key Figures |
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|
|
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|
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Total Assets |
18,424,000 |
-26.26 |
24,986,000 |
23,799,000 |
16,172,000 |
6,629,000 |
|
Current Assets |
18,065,000 |
-26.23 |
24,487,000 |
23,303,000 |
15,968,000 |
6,337,000 |
|
Non Current Assets |
359,000 |
-28.06 |
499,000 |
496,000 |
204,000 |
292,000 |
|
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|
|
|
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|
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Total Liabilities |
16,689,000 |
-30.88 |
24,144,000 |
24,096,000 |
18,373,000 |
8,230,000 |
|
Current Liabilities |
16,689,000 |
18.02 |
14,141,000 |
14,096,000 |
10,373,000 |
4,680,000 |
|
Non Current Liabilities |
0 |
-100.00 |
10,003,000 |
10,000,000 |
8,000,000 |
3,550,000 |
|
|
|
|
|
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|
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|
Shareholders' Funds |
1,735,000 |
106.06 |
842,000 |
(297,000) |
(2,201,000) |
(1,601,000) |
|
Share Capital |
1,260,000 |
0.00 |
1,260,000 |
1,260,000 |
1,260,000 |
1,000,000 |
|
Total Reserves |
475,000 |
NA |
(418,000) |
(1,557,000) |
(3,461,000) |
(2,601,000) |
|
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|
|
|
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FINANCIAL RATIOS
|
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|||||
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|
DEC
2009 |
DEC
2008 |
DEC
2007 |
DEC
2006 |
DEC
2005 |
|
Growth % |
|
|
|
|
|
|
-33.78 |
-4.86 |
47.27 |
183.43 |
NA |
|
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|
|
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Profitability |
|
|
|
|
|
|
Profit Margin (%) |
2.40 |
2.02 |
3.22 |
-1.49 |
-6.57 |
|
Return on Equity (%) |
51.47 |
135.27 |
-641.08 |
27.26 |
58.15 |
|
Return on Assets (%) |
4.85 |
4.56 |
8.00 |
-3.71 |
-14.04 |
|
|
|
|
|
|
|
|
Leverage |
|
|
|
|
|
|
Total Debt/Equity (Times) |
9.62 |
28.67 |
-81.13 |
-8.35 |
-5.14 |
|
Current Debt/Equity (Times) |
9.62 |
16.79 |
0.00 |
0.00 |
0.00 |
|
Long Term Debt To Equity (Times) |
0.00 |
11.88 |
0.00 |
0.00 |
0.00 |
|
Total Asset To Total Equity (Times) |
10.62 |
29.67 |
-80.13 |
-7.35 |
-4.14 |
|
|
|
|
|
|
|
|
Asset Management |
|
|
|
|
|
|
Total Assets Turnover (Times) |
2.02 |
2.25 |
2.49 |
2.48 |
2.14 |
|
Fixed Assets Turnover (Times) |
103.82 |
112.79 |
119.26 |
196.90 |
48.53 |
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
1.08 |
1.73 |
1.65 |
1.54 |
1.35 |
|
|
|
|
|
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|
FINANCIAL
COMMENTARY
Compound Annual Growth Rate
The company's CAGR is 27.35% (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 company yielded a rate of
net profit on sales of 2.40 per cent in FY09 (FY08: 2.02 per cent). The company
is now able to book in SINGAPORE, DOLLARS 0.02 of profit for every SINGAPORE,
DOLLARS of sales in FY09, as compared with SINGAPORE, DOLLARS 0.02 a year ago.
Liquidity
Current ratio stood at 1.08 times in FY09
(FY08: 1.73 times). This means that the company has SINGAPORE, DOLLARS 1.08 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 9.62 times in FY09, as compared with 28.67 times in FY08. This means
that the company requires additional external financing of SINGAPORE, DOLLARS
9.62 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 51.47 per cent for Subject in the current financial
period, as compared to 135.27 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 4.85 per cent (FY08: 4.56 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 2.02 times in FY09 (FY08: 2.25
times). 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.45.89 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.65.41 |
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.