MIRA INFORM REPORT

 

 

Report Date :

20.04.2012

 

IDENTIFICATION DETAILS

 

Name :

FUJI TECHNOLOGIES PTE LTD

 

 

Registered Office :

3015a Ubi Road 1 #07-11 Singapore 408705

 

 

Country :

Singapore

 

 

Financials (as on) :

30.06.2009

 

 

Date of Incorporation :

10.07.2001

 

 

Com. Reg. No.:

200104529D

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Process and Industrial Plant Engineering Services

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

:

FUJI TECHNOLOGIES PTE LTD

Registration No

:

200104529D

Date of Registration

:

10/07/2001

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED EXEMPT PRIVATE COMPANY

Registered Address

:

3015A UBI ROAD 1 #07-11 SINGAPORE 408705

Date of Change of Address

:

29/06/2009

Contact No.

:

62567371

Fax No.

:

62567351

Website

:

NA

Registered Activities

:

1. PROCESS AND INDUSTRIAL PLANT ENGINEERING SERVICES

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

Issued Ordinary Capital*

:

$100,010.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 100,010

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$100,010.00 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

:

NA

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 2,635,069.00 (FY2009)

Net Worth

:

SGD - SIN (42,079.00) (FY2009)

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)

:

6.92% (6 years)

 

SHAREHOLDER DETAILS

 

NAME

:

ONG CHIN LEONG

SHAREHOLDER ID

:

S1403150B

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

503 SEMBAWANG ROAD #01-22 SELETARIS SINGAPORE 757707

NO. OF ORD SHARES

:

90,009

% OF SHAREHOLDING

:

90%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

ONG BEE HWA

SHAREHOLDER ID

:

S1411757A

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

503 SEMBAWANG ROAD #01-22 SELETARIS SINGAPORE 757707

NO. OF ORD SHARES

:

10,001

% OF SHAREHOLDING

:

10%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

CHAN KWANG CHENG

ADDRESS

:

28 MAR THOMA ROAD #10-01 SINGAPORE 328708

POSITION

:

SECRETARY

DATE OF APPT

:

31/05/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0011395F

 

NAME

:

KHAW YIO LOK

ADDRESS

:

1E CANTONMENT ROAD #39-57 PINNACLE@DUXTON, THE SINGAPORE 085501

POSITION

:

SECRETARY

DATE OF APPT

:

15/10/2004

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1311899Z

 

NAME

:

ONG CHIN LEONG

ADDRESS

:

503 SEMBAWANG ROAD #01-22 SELETARIS SINGAPORE 757707

POSITION

:

DIRECTOR

DATE OF APPT

:

10/07/2001

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1403150B

 

NAME

:

ONG BEE HWA

ADDRESS

:

503 SEMBAWANG ROAD #01-22 SELETARIS SINGAPORE 757707

POSITION

:

DIRECTOR

DATE OF APPT

:

10/07/2001

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1411757A

 

 

KEY PERSONNEL PROFILE

 

Name:

ONG CHIN LEONG

NRIC Number:

S1403150B

Available Address:

503 SEMBAWANG ROAD #01-22 SELETARIS  SINGAPORE 757707

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

CAPSTONE CAPITAL PTE. LTD.

SHAREHOLDER

-

8

8.00

2

CAPSTONE INVESTMENTS PTE. LTD.

DIRECTOR

20/04/2010

-

-

3

EDVANCE IMAGING SOLUTIONS PTE. LTD.

DIRECTOR

01/06/2010

39000

65.00

4

FUJI TECHNOLOGIES PTE LTD

DIRECTOR

10/07/2001

90009

90.00

5

ISEP (S) PTE LTD

DIRECTOR

21/04/2011

28074

18.70

6

JNJ DIGITAL TECHNOLOGY (S) PTE LTD

DIRECTOR

24/09/1998

33250

33.25

7

KANPEI PTE. LTD.

DIRECTOR

27/09/2004

9

90.00

8

MEGAPRO INTERNATIONAL PTE LTD

DIRECTOR

29/06/2005

10000

10.00

9

ONESHIFT INDUSTRIES PTE. LTD.

DIRECTOR

16/02/2012

4000

20.00

10

TAIKO NETWORK COMMUNICATIONS PTE. LTD.

DIRECTOR

17/02/2010

227

15.36

11

TECHFOCUS ENGINEERING SERVICES PTE LTD

DIRECTOR

20/01/1998

67000

67.00

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

YCCL INDUSTRIAL SUPPLIES PTE LTD

LIVE COMPANY

DIRECTOR/SHR

14/03/1995

01/07/2011

 

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 (%)

 

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

:

26/01/2012

Date of Last AR

:

14/02/2012

Date of A/C Laid At Last AGM

:

30/06/2011

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

JUN 2009

% Change

JUN 2008

Currency

SGD - SIN

 

SGD - SIN

Profit and Loss Key Figures

 

 

 

Turnover

2,635,069

-11.23

2,968,585

Profit/(Loss) Before Tax

(42,825)

NA

(16,986)

Profit After Tax attributable to Shareholders

(44,175)

NA

(17,354)

 

 

 

 

Balance Sheet Key Figures

 

 

 

Total Assets

855,225

-33.37

1,283,593

Current Assets

801,674

-36.98

1,272,193

Non Current Assets

53,551

369.75

11,400

 

 

 

 

Total Liabilities

897,304

-29.98

1,281,497

Current Liabilities

897,304

-29.98

1,281,497

Non Current Liabilities

0

NA

0

 

 

 

 

Shareholders' Funds

(42,079)

NA

2,096

Share Capital

10

0.00

10

Total Reserves

(42,089)

NA

2,086

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

JUN 2009

JUN 2008

Growth %

 

 

Year-on-Year Growth

-11.23

NA

 

 

 

Profitability

 

 

Profit Margin (%)

-1.68

-0.58

Return on Equity (%)

104.98

-827.96

Return on Assets (%)

-5.17

-1.35

 

 

 

Leverage

 

 

Total Debt/Equity (Times)

-21.32

611.40

Current Debt/Equity (Times)

0.00

611.40

Long Term Debt To Equity (Times)

0.00

0.00

Total Asset To Total Equity (Times)

-20.32

612.40

 

 

 

Asset Management

 

 

Total Assets Turnover (Times)

3.08

2.31

Fixed Assets Turnover (Times)

49.21

260.40

 

 

 

Liquidity

 

 

Current Ratio (Times)

0.89

0.99

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 6.92% (6 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

We are unable to comment on Subject's profitability.

 

Liquidity

 

Current ratio stood at 0.89 times in FY09 (FY08: 0.99 times). This means that the company has SGD - SIN 0.89 of current assets for every SGD - SIN of current liability incurred.

 

FINANCIAL COMMENTARY

 

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 104.98 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.

 

We are unable to comment on Subject's return on assets.

 

Total assets turnover ratio logged at 3.08 times in FY09 (FY08: 2.31 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.51.89

UK Pound

1

Rs.83.18

Euro

1

Rs.68.06

 

 

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.