MIRA INFORM REPORT

 

 

Report Date :           

08.09.2011

 

IDENTIFICATION DETAILS

 

Name :

FUTAR ENTERPRISES PRIVATE LIMITED

 

 

Registered Office :

19 Changi North Way Singapore 49878

 

 

Country :

Vietnam

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

26.11.1971

 

 

Com. Reg. No.:

197101311z

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade

 

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$1,000,000

 

 

Status :

Satisfactory

 

 

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 – 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

 

 Bottom of Form

Executive Summary

 

Company Name

:

FUTAR ENTERPRISES PRIVATE LIMITED

Registration No

:

197101311Z

Date of Registration

:

26/11/1971

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

19 CHANGI NORTH WAY SINGAPORE 498786

Date of Change of Address

:

11/08/2006

Contact No.

:

6543 3818

Fax No.

:

6543 3789

Website

:

NA

Registered Activities

:

1. GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

2. BUILDING CONSTRUCTION NEC

MANUFACTURING, PRODUCTION AND FABRICATION OF BUILDING MATERIALS

Issued Ordinary Capital*

:

$7,902,582.04 SINGAPORE, DOLLARS ,NO. OF SHARE : 8,628,578

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$7,902,582.04 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

:

ENTERPRISE ACCOUNTANTS LLP

Bankers / Financiers

:

DBS BANK LTD.

THE DEVELOPMENT BANK OF SINGAPORE LIMITED

Turnover

:

SGD - SIN 34,559,946.00 (FY2009)

Net Worth

:

SGD - SIN 10,890,619.00 (FY2009)

No. of Bank Charges

:

4

No. of Litigation Suits

:

5

S1000 / SME 500 / FG50 Ranking

:

263 POSITION IN SME 1000 Companies Ranked by Sales/Turnover (2009/2010)

236 POSITION IN SME 1000 Companies Ranked by Net Profit (2009/2010)

305 POSITION IN SME 500 Companies Ranked by Sales/Turnover (2008/2009)

262 POSITION IN SME 500 Companies Ranked by Return on Equities (2008/2009)

135 POSITION IN SME 500 Companies Ranked by Net Profit (2008/2009)

Compounded Annual Growth Rate (CAGR)

:

28.71% (4 years)

 

 

Credit Recommendation

 

Recommended Credit Line

:

S$1,000,000

 

 

SHAREHOLDER DETAILS

 

NAME

:

TAN SING PHONG

SHAREHOLDER ID

:

S1356010B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

61 SENNETT LANE EAST COAST HILL SINGAPORE 466953

NO. OF ORD SHARES

:

1,988,574

% OF SHAREHOLDING

:

23%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHOO TUAN WEI

SHAREHOLDER ID

:

S1198932B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

5000N MARINE PARADE ROAD #20-57 LAGOON VIEW SINGAPORE 449295

NO. OF ORD SHARES

:

750,000

% OF SHAREHOLDING

:

8.7%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LOH SIEW CHOO

SHAREHOLDER ID

:

S1364970G

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

61 SENNETT LANE EAST COAST HILL SINGAPORE 466953

NO. OF ORD SHARES

:

600,000

% OF SHAREHOLDING

:

7%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LAUW PENG KIAT

SHAREHOLDER ID

:

S2157967Z

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

19 JALAN ULU SIGLAP SIGLAP PARK SINGAPORE 457162

NO. OF ORD SHARES

:

459,996

% OF SHAREHOLDING

:

5.3%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

POH KENG SWEE PETER

SHAREHOLDER ID

:

S1771359J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

194 ONAN ROAD SINGAPORE 424579

NO. OF ORD SHARES

:

354,334

% OF SHAREHOLDING

:

4.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN MUI GIOK @ TAN MUI GEOK

SHAREHOLDER ID

:

S0404390A

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

194 ONAN ROAD SINGAPORE 424579

NO. OF ORD SHARES

:

354,332

% OF SHAREHOLDING

:

4.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN HONG WAH

SHAREHOLDER ID

:

S1277941J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

9 CHAPEL CLOSE SINGAPORE 429565

NO. OF ORD SHARES

:

324,600

% OF SHAREHOLDING

:

3.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

BRILLIANT EAST ENTERPRISES (PT E) LTD.

SHAREHOLDER ID

:

197301533D

NATIONALITY

:

SINGAPORE

ADDRESS

:

30 BOURNEMOUTH ROAD SINGAPORE 439676

NO. OF ORD SHARES

:

315,000

% OF SHAREHOLDING

:

3.7%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LAUW CHOON KANG

SHAREHOLDER ID

:

S2158592J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

20C EAST COAST AVENUE SINGAPORE 459213

NO. OF ORD SHARES

:

267,732

% OF SHAREHOLDING

:

3.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHNG HONG TECK

SHAREHOLDER ID

:

S0101782I

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

37 JALAN TARUM SEMBAWANG HILLS ESTATE SINGAPORE 576756

NO. OF ORD SHARES

:

256,668

% OF SHAREHOLDING

:

3%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

ZHUANG SENMAO

SHAREHOLDER ID

:

S8210790H

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

37 JALAN TARUM SEMBAWANG HILLS ESTATE SINGAPORE 576756

NO. OF ORD SHARES

:

256,668

% OF SHAREHOLDING

:

3%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

ZHUANG KAI QUAN

SHAREHOLDER ID

:

S8524324A

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

37 JALAN TARUM SEMBAWANG HILLS ESTATE SINGAPORE 576756

NO. OF ORD SHARES

:

256,668

% OF SHAREHOLDING

:

3%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LAUW BOEN WAN

SHAREHOLDER ID

:

S2157964E

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

24 SIGLAP GARDENS SIGLAP GARDEN SINGAPORE 456125

NO. OF ORD SHARES

:

207,000

% OF SHAREHOLDING

:

2.4%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LAUW BOEN HAA

SHAREHOLDER ID

:

S2180263H

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

22 EAST COAST AVENUE SINGAPORE 459224

NO. OF ORD SHARES

:

195,000

% OF SHAREHOLDING

:

2.3%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

ANG AH POO

SHAREHOLDER ID

:

S0622063J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

162 JOO CHIAT ROAD SINGAPORE 427437

NO. OF ORD SHARES

:

159,996

% OF SHAREHOLDING

:

1.9%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

SOH THIAM SIEW

SHAREHOLDER ID

:

S0581764A

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

114 SIMEI STREET 1 #08-624 SINGAPORE 520114

NO. OF ORD SHARES

:

156,000

% OF SHAREHOLDING

:

1.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LAU KENG SENG

SHAREHOLDER ID

:

S1056923J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

37A LORONG MARZUKI #37-A SINGAPORE 417103

NO. OF ORD SHARES

:

156,000

% OF SHAREHOLDING

:

1.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHUA SEOH MEY

SHAREHOLDER ID

:

S1787111J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

73 LORONG 4 TOA PAYOH #09-597 SINGAPORE 310073

NO. OF ORD SHARES

:

156,000

% OF SHAREHOLDING

:

1.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

SU TU CHANG YUAK @SOO MEE KIM

SHAREHOLDER ID

:

S1851575Z

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

180 MEYER ROAD SINGAPORE 437964

NO. OF ORD SHARES

:

156,000

% OF SHAREHOLDING

:

1.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

POH SUAT HOON EVELYN

SHAREHOLDER ID

:

S7337601G

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

28 CASSIA CRESCENT #06-20 SINGAPORE 391028

NO. OF ORD SHARES

:

147,334

% OF SHAREHOLDING

:

1.7%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

POH HSIEH LI CHRISTINA

SHAREHOLDER ID

:

S6936567A

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

61 MARINE DRIVE #08-82 SINGAPORE 440061

NO. OF ORD SHARES

:

147,332

% OF SHAREHOLDING

:

1.7%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

ONG EE MUI

SHAREHOLDER ID

:

S0363081A

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

127 TAMPINES STREET 11 #10-440 SINGAPORE 521127

NO. OF ORD SHARES

:

120,666

% OF SHAREHOLDING

:

1.4%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

ONG LON VOON

SHAREHOLDER ID

:

S7410882B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

254 JOO CHIAT ROAD SINGAPORE 427508

NO. OF ORD SHARES

:

120,000

% OF SHAREHOLDING

:

1.4%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHAN LAY KHENG

SHAREHOLDER ID

:

S0098943F

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

143 PASIR RIS STREET 11 #06-113 SINGAPORE 510143

NO. OF ORD SHARES

:

107,336

% OF SHAREHOLDING

:

1.2%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LEE SIOK KEE

SHAREHOLDER ID

:

S0612370H

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

35 BEDOK AVENUE SINGAPORE 469944

NO. OF ORD SHARES

:

80,004

% OF SHAREHOLDING

:

0.9%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LAO HON IAN

SHAREHOLDER ID

:

S2174957E

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

14B JALAN HAJIJAH SINGAPORE 468710

NO. OF ORD SHARES

:

78,000

% OF SHAREHOLDING

:

0.9%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

ONG CHONG THENG

SHAREHOLDER ID

:

S0465229J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

162 JOO CHIAT ROAD SINGAPORE 427437

NO. OF ORD SHARES

:

72,666

% OF SHAREHOLDING

:

0.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

CHOO HWEE MING

SHAREHOLDER ID

:

S0291645B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

17Q NALLUR ROAD SINGAPORE 456633

NO. OF ORD SHARES

:

53,668

% OF SHAREHOLDING

:

0.6%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN CHENG TEE

SHAREHOLDER ID

:

S0718974E

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

195 ONAN ROAD SINGAPORE 424580

NO. OF ORD SHARES

:

52,000

% OF SHAREHOLDING

:

0.6%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

DANNY TAN PANG YANN

SHAREHOLDER ID

:

S1423458F

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

240 TAMPINES STREET 21 #04-469 SINGAPORE 520240

NO. OF ORD SHARES

:

52,000

% OF SHAREHOLDING

:

0.6%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN PANG SHENG

SHAREHOLDER ID

:

S1584630E

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

112 LENGKONG TIGA #16-219 SINGAPORE 410112

NO. OF ORD SHARES

:

52,000

% OF SHAREHOLDING

:

0.6%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN HEE LIANG

SHAREHOLDER ID

:

S1585447B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

1 KEE SUN AVENUE SINGAPORE 457023

NO. OF ORD SHARES

:

47,502

% OF SHAREHOLDING

:

0.6%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

TAN HEE JOEK

SHAREHOLDER ID

:

S7205559D

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

526 EAST COAST ROAD #16-03 OCEAN PARK SINGAPORE 458968

NO. OF ORD SHARES

:

47,502

% OF SHAREHOLDING

:

0.6%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

KUAH AH CHOO, MDM

SHAREHOLDER ID

:

S0649838H

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

9 PINE CLOSE #09-08 SINGAPORE 390009

NO. OF ORD SHARES

:

42,000

% OF SHAREHOLDING

:

0.5%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

POH AH HOCK

SHAREHOLDER ID

:

S0404309Z

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

186A RIVERVALE DRIVE #09-822 SINGAPORE 541186

NO. OF ORD SHARES

:

18,000

% OF SHAREHOLDING

:

0.2%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LOK GEOK HWA

SHAREHOLDER ID

:

S1664974J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

647 JALAN TENAGA #10-119 SINGAPORE 410647

NO. OF ORD SHARES

:

10,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

GAN KIM HOON

SHAREHOLDER ID

:

S1715628D

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

44 MINARET WALK EXCELSIOR GARDENS SINGAPORE 467414

NO. OF ORD SHARES

:

10,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

TAN SING PHONG

ADDRESS

:

61 SENNETT LANE EAST COAST HILL SINGAPORE 466953

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

15/02/1995

30/06/1996

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1356010B

 

NAME

:

GOH CHENG GUAN

ADDRESS

:

401 PANDAN GARDENS #04-01 SINGAPORE 600401

POSITION

:

SECRETARY

DATE OF APPT

:

24/08/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1476288D

 

NAME

:

POH KENG SWEE PETER

ADDRESS

:

194 ONAN ROAD SINGAPORE 424579

POSITION

:

DIRECTOR

DATE OF APPT

:

06/05/1997

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1771359J

 

 

KEY PERSONNEL PROFILE

 

Name:

TAN SING PHONG

NRIC Number:

S1356010B

Available Address:

61 SENNETT LANE EAST COAST HILL  SINGAPORE 466953

 

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

FUTAR ENTERPRISES PRIVATE LIMITED

DIRECTOR

15/02/1995

1988574

23.04

2

FUTAR ENTERPRISES PRIVATE LIMITED

MANAGING DIRECTOR

30/06/1996

1988574

23.04

3

FUTAR HOLDINGS PTE. LTD.

DIRECTOR

30/09/2002

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

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 (%)

FUTAR HOLDINGS PTE. LTD.

100

                                                                                                                       

 

 

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.

:

C201007798

 

Date of Registration

:

03/09/2010

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809

 

2)

Charge No.

:

C200505378

 

Date of Registration

:

07/09/2005

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809

 

3)

Charge No.

:

199904899

 

Date of Registration

:

06/11/1999

 

Chargee

:

THE DEVELOPMENT BANK OF SINGAPORE LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

4)

Charge No.

:

199904898

 

Date of Registration

:

06/11/1999

 

Chargee

:

THE DEVELOPMENT BANK OF SINGAPORE LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

             

LITIGATION

 

The following litigation suits were traced against Subject. Case status is as per available database. 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 5 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2011

Past Years

W.e.f 01 Jan 2011

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

1

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

0

4

High (>$250,000)

0

0

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

District Court

 

Case No.

:

3597

 

Date of Filing

:

08/10/2005

 

Amount

:

50,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

KAYUIM SIDDIQUE MIAH

 

Last Update Date

:

13/07/2010

 

2)

Court

:

Magistrate Court

 

Case No.

:

30255

 

Date of Filing

:

29/12/2005

 

Amount

:

4,073.25

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

TEO AH TRADING AS TEO BOON TRANSPORT SERVICE (ROB NO. 22211400B)

 

Last Update Date

:

11/12/2008

 

3)

Court

:

District Court

 

Case No.

:

4693

 

Date of Filing

:

08/12/2006

 

Amount

:

61,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

KAYUIM SIDDIQUE MIAH

 

Last Update Date

:

22/12/2010

 

4)

Court

:

District Court

 

Case No.

:

814

 

Date of Filing

:

18/03/2010

 

Amount

:

250,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

MD KAWSHAR HAMID MD SIDDIQ KAWES

 

Last Update Date

:

22/12/2010

 

5)

Court

:

District Court

 

Case No.

:

3267

 

Date of Filing

:

28/09/2010

 

Amount

:

0.00

 

Cause

:

Others / Miscellaneous

 

Case Status

:

PENDING

 

Plaintiff

:

WU WENKEN

 

Last Update Date

:

15/06/2011

 

 

COMPLIANCE

 

Date of Last AGM

:

14/08/2010

Date of Last AR

:

24/08/2010

Date of A/C Laid At Last AGM

:

31/12/2009
 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

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

 

 

 

 

 

 

Turnover

34,559,946

55.95

22,160,397

19,311,824

16,267,319

12,593,561

Profit/(Loss) Before Tax

4,312,450

38.38

3,116,300

1,768,153

837,046

919,602

Profit After Tax attributable to Shareholders

3,696,535

47.38

2,508,225

1,389,622

596,264

752,274

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

24,718,019

16.05

21,300,362

16,800,031

15,897,323

11,272,468

Current Assets

19,473,547

26.91

15,344,487

10,839,173

10,491,938

8,517,450

Non Current Assets

5,244,472

-11.94

5,955,875

5,960,858

5,405,385

2,755,018

 

 

 

 

 

 

 

Total Liabilities

13,827,400

0.72

13,729,028

11,359,672

11,599,482

7,320,058

Current Liabilities

10,723,152

3.21

10,389,619

8,150,330

8,479,044

5,943,697

Non Current Liabilities

3,104,248

-7.04

3,339,409

3,209,342

3,120,438

1,376,361

 

 

 

 

 

 

 

Shareholders' Funds

10,890,619

43.84

7,571,334

5,440,359

4,297,841

3,952,410

Share Capital

3,772,501

0.00

3,772,501

3,772,501

1,254,167

1,254,167

Total Reserves

7,118,118

87.38

3,798,833

1,667,858

3,043,674

2,698,243

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

DEC 2009

DEC 2008

DEC 2007

DEC 2006

DEC 2005

Growth %

 

 

 

 

 

Year-on-Year Growth

55.95

14.75

18.72

29.17

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

10.70

11.32

7.20

3.67

5.97

Return on Equity (%)

33.94

33.13

25.54

13.87

19.03

Return on Assets (%)

14.95

11.78

8.27

3.75

6.67

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.27

1.81

2.09

2.70

1.85

Current Debt/Equity (Times)

0.98

1.37

1.50

1.97

1.50

Long Term Debt To Equity (Times)

0.29

0.44

0.59

0.73

0.35

Total Asset To Total Equity (Times)

2.27

2.81

3.09

3.70

2.85

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.40

1.04

1.15

1.02

1.12

Fixed Assets Turnover (Times)

6.59

3.72

3.24

3.01

4.57

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.82

1.48

1.33

1.24

1.43

 

 

 

 

 

 

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

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

 

 

 

 

 

 

Turnover

33,389,224

54.15

21,660,147

19,311,824

16,210,519

11,706,199

Profit/(Loss) Before Tax

4,145,462

37.57

3,013,363

1,784,867

933,778

701,069

Profit After Tax attributable to Shareholders

3,542,292

47.08

2,408,388

1,406,336

692,778

565,069

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

24,229,872

16.99

20,711,513

16,723,554

15,841,835

11,045,418

Current Assets

18,618,665

29.40

14,388,903

10,395,961

10,069,715

7,923,665

Non Current Assets

5,611,207

-11.25

6,322,610

6,327,593

5,772,120

3,121,753

 

 

 

 

 

 

 

Total Liabilities

13,667,310

2.65

13,313,993

11,357,172

11,634,685

7,280,213

Current Liabilities

10,563,062

5.90

9,974,584

8,147,830

8,514,247

5,903,852

Non Current Liabilities

3,104,248

-7.04

3,339,409

3,209,342

3,120,438

1,376,361

 

 

 

 

 

 

 

Shareholders' Funds

10,562,562

42.79

7,397,520

5,366,382

4,207,150

3,765,205

Share Capital

3,772,501

0.00

3,772,501

3,772,501

1,254,167

1,254,167

Total Reserves

6,790,061

87.31

3,625,019

1,593,881

2,952,983

2,511,038

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2009

DEC 2008

DEC 2007

DEC 2006

DEC 2005

Growth %

 

 

 

 

 

Year-on-Year Growth

54.15

12.16

19.13

38.48

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

10.61

11.12

7.28

4.27

4.83

Return on Equity (%)

33.54

32.56

26.21

16.47

15.01

Return on Assets (%)

14.62

11.63

8.41

4.37

5.12

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.29

1.80

2.12

2.77

1.93

Current Debt/Equity (Times)

1.00

1.35

1.52

2.02

1.57

Long Term Debt To Equity (Times)

0.29

0.45

0.60

0.74

0.37

Total Asset To Total Equity (Times)

2.29

2.80

3.12

3.77

2.93

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.38

1.05

1.15

1.02

1.06

Fixed Assets Turnover (Times)

5.95

3.43

3.05

2.81

3.75

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.76

1.44

1.28

1.18

1.34

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 28.71% (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 10.70 per cent in FY09 (FY08: 11.32 per cent). The group is now able to book in SGD - SIN 0.11 of profit for every SGD - SIN of sales in FY09, as compared with SGD - SIN 0.11 a year ago.

 

Liquidity

Current ratio stood at 1.82 times in FY09 (FY08: 1.48 times). This means that the group has SGD - SIN 1.82 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 1.27 times in FY09, as compared with 1.81 times in FY08. This means that the group requires additional external financing of SGD - SIN 1.27 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 33.94 per cent for Subject in the current financial period, as compared to 33.13 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 14.95 per cent (FY08: 11.78 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 1.40 times in FY09 (FY08: 1.04 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.46.02

UK Pound

1

Rs.73.61

Euro

1

Rs.64.78

 

 

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

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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.