MIRA
INFORM REPORT
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Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PREMIUM ROYALTY HOLDING PTE. LTD. |
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Registered Office : |
120 Lower Delta Road #02-05 Cendex Centre Singapore 169208 |
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Country : |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
11.02.2009 |
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Com. Reg. No.: |
200902465M |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
General Wholesale Trade (Including General Importers And Exporters) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Singapore |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Executive
Summary
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PREMIUM ROYALTY HOLDING
PTE. LTD. |
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Registration No |
: |
200902465M |
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Date of Registration |
: |
11/02/2009 |
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Former Name |
: |
NA |
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Date of Change of Name |
: |
NA |
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Type of Company |
: |
LIMITED EXEMPT PRIVATE
COMPANY |
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Registered Address |
: |
120 LOWER DELTA ROAD
#02-05 CENDEX CENTRE SINGAPORE 169208 |
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Date of Change of Address |
: |
01/11/2011 |
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Contact No. |
: |
NA |
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Fax No. |
: |
NA |
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Website |
: |
NA |
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Registered Activities |
: |
GENERAL WHOLESALE TRADE
(INCLUDING GENERAL IMPORTERS AND EXPORTERS) |
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Issued Ordinary Capital* |
: |
$1.00 SINGAPORE, DOLLARS
,NO. OF SHARE : 1 |
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Issued Preference Capital |
: |
NA |
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Paid-Up Ordinary Capital |
: |
$1.00 SINGAPORE, DOLLARS |
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Paid-Up Preference
Capital |
: |
NA |
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* Number of Shares
includes number of Issued Treasury Shares |
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Issued Treasury Capital |
: |
NA |
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Paid-Up Treasury Capital |
: |
NA |
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No. of Local Subsidiaries |
: |
NA |
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No. of Local Associates |
: |
NA |
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Auditor |
: |
NA |
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Bankers / Financiers |
: |
NA |
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Turnover |
: |
SINGAPORE, DOLLARS 0.00
(FY2011) |
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Net Worth |
: |
SINGAPORE, DOLLARS
(108,107.00) (FY2011) |
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No. of Bank Charges |
: |
NA |
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No. of Litigation Suits |
: |
NA |
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S1000 / SME 500 / FG50
Ranking |
: |
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Compounded Annual Growth
Rate (CAGR) |
: |
NA |
SHAREHOLDER DETAILS
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PENG KUO CHEN |
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SHAREHOLDER ID |
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135174216 |
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NATIONALITY |
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TAIWANESE |
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ADDRESS |
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NO. 24 CHEN-TE NEW VILLAGE, 17 LIN, GUOLIN LI, CHUNGLI CITY, TAOYUAN
COUNTY, TAIWAN, R.O.C., TAIWAN, PROVINCE OF CHINA |
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NO. OF ORD SHARES |
: |
1 |
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% OF SHAREHOLDING |
: |
100% |
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CURRENCY |
: |
SINGAPORE, DOLLARS |
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OFFICER DETAILS
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PENG KUO CHEN |
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ADDRESS |
: |
NO. 24 CHEN-TE
NEW VILLAGE, 17 LIN, GUOLIN LI, CHUNGLI CITY, TAOYUAN COUNTY, TAIWAN, R.O.C.,
TAIWAN, PROVINCE OF CHINA |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
18/02/2009 |
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NATIONALITY |
: |
TAIWANESE |
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I/C PASSPORT |
: |
135174216 |
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NAME |
: |
LIM SIEW LING |
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ADDRESS |
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513 HOUGANG
AVENUE 10 #02-245 SINGAPORE 530513 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
11/02/2009 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
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I/C PASSPORT |
: |
S7310962J |
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NAME |
: |
LEE LIAN LIAN |
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ADDRESS |
: |
257C COMPASSVALE
ROAD #08-541 SINGAPORE 543257 |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
25/06/2009 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
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I/C PASSPORT |
: |
S7319174B |
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KEY PERSONNEL PROFILE
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PENG KUO CHEN |
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NRIC Number: |
135174216 |
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Available Address: |
NO. 24 CHEN-TE NEW VILLAGE, 17
LIN, GUOLIN LI, CHUNGLI CITY, TAOYUAN COUNTY, TAIWAN, R.O.C., TAIWAN,
PROVINCE OF CHINA |
Current Business Interest
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No. |
Name |
Position |
Appt Date |
#of Share |
% |
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PREMIUM ROYALTY HOLDING PTE.
LTD. |
DIRECTOR |
18/02/2009 |
1 |
100.00 |
Previous Business
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No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
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Bankruptcy Record
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Case No. |
Year |
Date of Filing |
Petitioner Name |
Amount |
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Litigation Search Writ of Summons
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Court |
Case No. |
Year |
Date of Filing |
Amount |
Cause Category |
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SUBSIDIARIES AND ASSOCIATE
COMPANIES
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Company |
Shareholdings (%) |
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BANKERS/ FINANCIERS
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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
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Date of Last AGM |
: |
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Date of Last AR |
: |
25/10/2011 |
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Date of A/C Laid At Last AGM |
: |
31/01/2011 |
FINANCIAL HIGHLIGHTS
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Financial
Figures |
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JAN 2011 |
% Change |
JAN 2010 |
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Currency |
SINGAPORE,
DOLLARS |
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SINGAPORE,
DOLLARS |
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Profit and Loss
Key Figures |
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0 |
NA |
0 |
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Profit/(Loss)
Before Tax |
(27,809) |
NA |
(80,299) |
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Profit After Tax
attributable to Shareholders |
(27,809) |
NA |
(80,299) |
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Balance Sheet
Key Figures |
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Total Assets |
13,083 |
-95.30 |
278,621 |
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Current Assets |
13,083 |
-95.30 |
278,621 |
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Non Current
Assets |
0 |
NA |
0 |
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Total
Liabilities |
121,190 |
-66.23 |
358,919 |
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Current
Liabilities |
121,190 |
-66.23 |
358,919 |
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Non Current
Liabilities |
0 |
NA |
0 |
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Shareholders'
Funds |
(108,107) |
NA |
(80,298) |
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Share Capital |
1 |
0.00 |
1 |
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Total Reserves |
(108,108) |
NA |
(80,299) |
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FINANCIAL RATIOS
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JAN 2011 |
JAN 2010 |
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Growth % |
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NA |
NA |
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Profitability |
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Profit Margin (%) |
0.00 |
0.00 |
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Return on Equity (%) |
25.72 |
100.00 |
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Return on Assets (%) |
-212.56 |
-28.82 |
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Leverage |
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Total Debt/Equity (Times) |
-1.12 |
-4.47 |
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Current Debt/Equity (Times) |
0.00 |
0.00 |
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Long Term Debt To Equity (Times) |
0.00 |
0.00 |
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Total Asset To Total Equity (Times) |
-0.12 |
-3.47 |
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Asset Management |
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Total Assets Turnover (Times) |
0.00 |
0.00 |
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Fixed Assets Turnover (Times) |
0.00 |
0.00 |
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Liquidity |
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Current Ratio (Times) |
0.11 |
0.78 |
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FINANCIAL
COMMENTARY
Profitability
We are unable to comment on Subject's
profitability.
Liquidity
Current ratio stood at 0.11 times in FY11
(FY10: 0.78 times). This means that the company has SINGAPORE, DOLLARS 0.11 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 25.72 per cent for Subject in the current financial
period, as compared to 100.00 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.51.15 |
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|
1 |
Rs.81.80 |
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Euro |
1 |
Rs.68.34 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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 SCs 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.