MIRA INFORM REPORT

 

 

Report Date :           

08.08.2012

 

IDENTIFICATION DETAILS

 

Name :

KOBIAN PTE LTD

 

 

Formerly known as:

KOBIAN SINGAPORE PTE LTD

 

 

Registered Office :

7 Temasek Boulevard #12-01 Suntec Tower One 038987

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

20.03.1978

 

 

Com. Reg. No.:

197800607E

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Wholesale Of Computer Hardware And Peripheral Equipment

 

 

No. of Employees :

Not Available

 

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

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 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

 

Company Name:

Registered Number:

KOBIAN PTE LTD

197800607E

 

Date Incorporated:

Registered Office:

Telephone Number:

20/03/1978

7 TEMASEK BOULEVARD #12-01 SUNTEC TOWER ONE SINGAPORE 038987

6338 3368

Age of Company:

Website:

Industry Type:

34

www.kobian.com

MANUFACTURING

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

7

29

Worse off than last month;last month the entity took 49 days to pay

No. of Charges(s):
2

Industry DTC

 

26

 

Directors

 

Corporate Structure

Number of Current Directors

2

Holding Company:

NA

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

1

 

EXECUTIVE SUMMARY

 

Company Name

:

KOBIAN PTE LTD

Registration No

:

197800607E

Date of Registration

:

20/03/1978

Former Name

:

KOBIAN SINGAPORE PTE LTD Eff. date : 20/03/1978 Eff. date : 20/03/1978

Date of Change of Name

:

03/03/2001

Type of Company

:

LIMITED EXEMPT PRIVATE COMPANY

Registered Address

:

7 TEMASEK BOULEVARD #12-01 SUNTEC TOWER ONE SINGAPORE 038987

Date of Change of Address

:

15/03/2011

Contact No.

:

6338 3368

Fax No.

:

6333 1588

Website

:

www.kobian.com

Registered Activities

:

1. WHOLESALE OF COMPUTER HARDWARE AND PERIPHERAL EQUIPMENT

MANUFACTURER AND DISTRIBUTOR OF COMPUTER PERIPHERALS AND CONSUMER ELECTRONIC

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

GENERAL TRADING, AGRO COMMODITIES, MINERALS, CHEMICALS AND STEEL

Issued Ordinary Capital*

:

$11,414,800.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 11,414,800

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$11,414,800.00 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

:

MGI N RAJAN ASSOCIATES

Bankers / Financiers

:

BANK OF BARODA

Turnover

:

SGD - SIN 248,151,978.00 (FY2009)

Net Worth

:

SGD - SIN 26,762,828.00 (FY2009)

No. of Bank Charges

:

2

No. of Litigation Suits

:

1

S1000 / SME 1000 / FG50 Ranking

:

371 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

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

Compounded Annual Growth Rate (CAGR)

:

NA

 

SHAREHOLDER DETAILS

 

NAME

:

RAJESH BOTHRA

SHAREHOLDER ID

:

S6876629Z

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

68 COVE DRIVE SINGAPORE 098181

NO. OF ORD SHARES

:

11,414,800

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

NIKHILKUMAR S/O BANSILAL BHOGILAL SHAH

ADDRESS

:

17 POOLE ROAD SINGAPORE 437503

POSITION

:

DIRECTOR

DATE OF APPT

:

20/03/1978

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0368781C

 

NAME

:

RAJESH BOTHRA

ADDRESS

:

68 COVE DRIVE SINGAPORE 098181

POSITION

:

DIRECTOR

DATE OF APPT

:

19/04/1994

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S6876629Z

 

NAME

:

HENG LAY HUA

ADDRESS

:

630 HOUGANG AVENUE 8 #10-60 SINGAPORE 530630

POSITION

:

SECRETARY

 

DATE OF APPT

:

28/12/2011

 

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S6909859B

 

 

KEY PERSONNEL PROFILE

 

Name:

RAJESH BOTHRA

NRIC Number:

S6876629Z

Available Address:

68 COVE DRIVE  SINGAPORE 98181

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

BOMBAY-WOODLANDS RESTAURANT PRIVATE LIMITED

DIRECTOR

12/04/2007

835000

50.00

2

FAREAST DISTRIBUTION AND LOGISTICS PRIVATE LIMITED

DIRECTOR

11/05/2010

500000

50,000,000.00

3

KOBIAN PTE LTD

DIRECTOR

19/04/1994

11414800

100.00

4

MERCURY PERIPHERALS, INC. PTE LTD

DIRECTOR

23/08/1994

125000

50.00

5

NOVELLE PTE. LTD.

DIRECTOR

03/11/2010

1

0.00

6

NOVELLE PTE. LTD.

SECRETARY

20/04/2011

1

0.00

7

NUTAN PTE. LTD.

DIRECTOR

18/04/2007

1000

100.00

8

UNION GLORY CORPORATION PTE. LTD.

DIRECTOR

08/10/2010

1000

100.00

9

VINTAGE ENERGY AND RESOURCES PTE. LTD.

DIRECTOR

10/03/2011

10000

100.00

10

VINTAGE ENERGY AND RESOURCES PTE. LTD.

SECRETARY

09/09/2011

10000

100.00

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

AL FORNO (ORCHARD) PTE. LTD.

STRUCK OFF

DIRECTOR

29/10/2007

07/08/2009

2

AL FORNO (ORCHARD) PTE. LTD.

STRUCK OFF

SHAREHOLDER

-

-

3

MAM MANAGEMENT SERVICES PTE LTD

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

DIRECTOR

17/03/1993

22/07/1995

4

PLUGINS DISTRIBUTIONS PTE. LTD.

STRUCK OFF

DIRECTOR

11/02/2009

-

5

RHYTHMS OF INDIA PTE. LTD.

LIVE COMPANY

DIRECTOR

15/04/1993

30/08/1997

6

UNION GLORY CORPORATION PTE. LTD.

LIVE COMPANY

SECRETARY

20/04/2011

31/07/2012

 

 

KEY PERSONNEL PROFILE

 

Bankruptcy Record

 

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

 

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

M

35870

-

2003

15/10/2003

SGD 1,253.20

SGD 194.25

Negligence Related

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

INDIAN WOK

NA (SOLE-PROPRIETOR)

 

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 2 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201116424

 

Date of Registration

:

29/12/2011

 

Chargee

:

BANK OF BARODA

 

Amount Secured  and Currency

:

All Monies

 

Address

:

9 RAFFLES PLACE #34-02 REPUBLIC PLAZA SINGAPORE 048619

 

2)

Charge No.

:

C200908637

 

Date of Registration

:

28/12/2009

 

Chargee

:

BANK OF BARODA

 

Amount Secured  and Currency

:

All Monies

 

Address

:

9 RAFFLES PLACE #34-02 REPUBLIC PLAZA SINGAPORE 048619

 

 

LITIGATION

 

there have been 1 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2012

Past Years

Bef 01 Jan 2012

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

4

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

0

0

High (>$250,000)

0

0

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Magistrate Court

 

Case No.

:

39350

 

Transfer

:

-

 

Date of Filing

:

14/12/2001

 

Amount

:

2,400.00

 

Cause

:

Negligence - Motor Accidents (Not Injuries / Death)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

ZAMSHEK BIN SALAMOON

 

Last Update Date

:

17/03/2005

 

2)

Court

:

Magistrate Court

 

Case No.

:

40785

 

Transfer

:

-

 

Date of Filing

:

26/12/2001

 

Amount

:

0.00

 

Cause

:

Negligence - Motor Accidents (Not Injuries / Death)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

NG CHOR TECK

 

Last Update Date

:

14/05/2007

3)

Court

:

Supreme Court

 

Case No.

:

608

 

Transfer

:

-

 

Date of Filing

:

25/08/2005

 

Amount

:

0.00

 

Cause

:

Intellectual Property - Patents

 

Case Status

:

CONCLUDED

 

Plaintiff

:

TREK TECHNOLOGY (SINGAPORE) PTE LTD

 

Last Update Date

:

05/10/2006

 

4)

Court

:

Magistrate Court

 

Case No.

:

20100

 

Transfer

:

-

 

Date of Filing

:

18/08/2006

 

Amount

:

16,990.24

 

Cause

:

Contract - Provisions of Services Excluding Renovation

 

Case Status

:

CONCLUDED

 

Plaintiff

:

STONE FOREST CONSULTING PTE LTD

 

Last Update Date

:

02/06/2011

 

5)

Court

:

Supreme Court

 

Case No.

:

498

 

Transfer

:

-

 

Date of Filing

:

09/06/2009

 

Amount

:

200,000.00

 

Cause

:

Contract - Sale of Goods & Services

 

Case Status

:

CONCLUDED

 

Plaintiff

:

NITS TECHNOLOGY INC.

 

Last Update Date

:

02/06/2011

 

6)

Court

:

Supreme Court

 

Case No.

:

594

 

Transfer

:

-

 

Date of Filing

:

10/07/2009

 

Amount

:

3,444,535.27

 

Cause

:

Contract - Sale of Goods & Services

 

Case Status

:

CONCLUDED

 

Plaintiff

:

ELITEGROUP COMPUTER SYSTEMS CO., LTD.

 

Last Update Date

:

02/06/2011

7)

Court

:

Magistrate Court

 

Case No.

:

2243

 

Transfer

:

-

 

Date of Filing

:

15/02/1994

 

Amount

:

960.00

 

Cause

:

Contracts - General

 

Case Status

:

CONCLUDED

 

Plaintiff

:

EASTERN PUBLISHING ASSOCIATES PTE LTD

 

Last Update Date

:

05/10/2006

 

 

COMPLIANCE

 

Date of Last AGM

:

29/08/2011

Date of Last AR

:

14/09/2011

Date of A/C Laid At Last AGM

:

31/12/2010

 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN OR ACCOUNTS LATE

 

Note:

 

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance


 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

DEC 2008

Currency

SGD - SIN

Profit and Loss Key Figures

 

Turnover

189,745,075

Profit/(Loss) Before Tax

1,315,142

Profit After Tax attributable to Shareholders

1,117,750

 

 

Balance Sheet Key Figures

70,465,839

Total Assets

63,573,875

Current Assets

6,891,964

Non Current Assets

 

 

49,284,213

Total Liabilities

46,296,781

Current Liabilities

2,987,432

Non Current Liabilities

 

 

21,181,626

Shareholders' Funds

8,642,751

Share Capital

12,538,875

Total Reserves

 

 

 

FINANCIAL RATIOS

 

 

Group

 

DEC 2008

Growth %

 

Year-on-Year Growth

NA

 

 

Profitability

 

Profit Margin (%)

0.59

Return on Equity (%)

5.28

Return on Assets (%)

1.59

 

 

Leverage

 

Total Debt/Equity (Times)

2.33

Current Debt/Equity (Times)

2.19

Long Term Debt To Equity (Times)

0.14

Total Asset To Total Equity (Times)

3.33

 

 

Asset Management

 

Total Assets Turnover (Times)

2.69

Fixed Assets Turnover (Times)

27.53

 

 

Liquidity

 

Current Ratio (Times)

1.37

 

 

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2009

% Change

DEC 2008

DEC 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

Turnover

248,151,978

40.83

176,211,773

193,915,068

Profit/(Loss) Before Tax

2,927,802

130.62

1,269,533

1,208,115

Profit After Tax attributable

 to Shareholders

2,913,268

169.83

1,079,667

999,664

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

Total Assets

78,497,814

11.43

70,445,611

64,055,499

Current Assets

70,924,248

11.70

63,494,245

58,089,472

Non Current Assets

7,573,566

8.95

6,951,366

5,966,027

 

 

 

 

 

Total Liabilities

51,734,985

4.77

49,379,822

42,771,289

Current Liabilities

48,369,999

4.26

46,392,390

39,789,283

Non Current Liabilities

3,364,986

12.64

2,987,432

2,982,006

 

 

 

 

 

Shareholders' Funds

26,762,828

27.04

21,065,789

21,284,209

Share Capital

11,037,729

27.71

8,642,751

9,204,093

Total Reserves

15,725,099

26.58

12,423,038

12,080,116

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

Year-on-Year Growth

40.83

-9.13

NA

 

 

 

 

Profitability

 

 

 

Profit Margin (%)

1.17

0.61

0.52

Return on Equity (%)

10.89

5.13

4.70

Return on Assets (%)

3.71

1.53

1.56

 

 

 

 

Leverage

 

 

 

Total Debt/Equity (Times)

1.93

2.34

2.01

Current Debt/Equity (Times)

1.81

2.20

1.87

Long Term Debt To Equity (Times)

0.13

0.14

0.14

Total Asset To Total Equity (Times)

2.93

3.34

3.01

 

 

 

 

Asset Management

 

 

 

Total Assets Turnover (Times)

3.16

2.50

3.03

Fixed Assets Turnover (Times)

32.77

25.35

32.50

 

 

 

 

Liquidity

 

 

 

Current Ratio (Times)

1.47

1.37

1.46

 

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 1.17 per cent in FY09 (FY08: 0.61 per cent). The company is now able to book in SGD - SIN 0.01 of profit for every SGD - SIN of sales in FY09, as compared with SGD - SIN 0.01 a year ago.

 

 

 

 

 

 

 

 

 

 

Liquidity

Current ratio stood at 1.47 times in FY09 (FY08: 1.37 times). This means that the company has SGD - SIN 1.47 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.

 

 

FINANCIAL COMMENTARY

 

Leverage

Total debt-to-equity ratio notched 1.93 times in FY09, compared with 2.34 times in FY08. This means that the company requires additional external financing of SGD - SIN 1.93 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 10.89 per cent for Subject in the current financial period, as compared to 5.13 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 3.71 per cent (FY08: 1.53 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 3.16 times in FY09 (FY08: 2.50 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.55.50

UK Pound

1

Rs.86.40

Euro

1

Rs.68.70

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.