MIRA INFORM REPORT

 

 

Report Date :

08.12.2012

 

IDENTIFICATION DETAILS

 

Name :

TEX LINE ASSOCIATES PTE LTD

 

 

Registered Office :

73 Bukit Timah Road #02-01 Rex House Singapore 229832

 

 

Country :

Singapore

 

 

Financials (as on) :

March, 2011

 

 

Date of Incorporation :

12.12.1989

 

 

Reg. No.:

198905457K

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade (Including General Importers And Exporters)

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

Regular

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

Singapore - ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

 

Source : CIA

 

 

 

 

Company Name:

Registered Number:

TEX LINE ASSOCIATES PTE LTD

198905457K

 

Date Incorporated:

Registered Office:

Telephone Number:

12/12/1989

73 BUKIT TIMAH ROAD #02-01 REX HOUSE SINGAPORE 229832

6882 0988

Age of Company:

Website:

Industry Type:

23

NA

COMMERCE-WHOLESALE

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

NA

76

Worse off than last month;last month the entity took 160 days to pay

No. of Charges(s):
0

Industry DTC

 

24

 

Directors

 

Corporate Structure

Number of Current Directors

7

Holding Company:

TEX LINE PTE. LIMITED

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

4

 

Company name

 

TEX LINE ASSOCIATES PTE LTD

 

 

EXECUTIVE SUMMARY

 

Company Name

:

TEX LINE ASSOCIATES PTE LTD

Registration No

:

198905457K

Date of Registration

:

12/12/1989

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

73 BUKIT TIMAH ROAD #02-01 REX HOUSE SINGAPORE 229832

Date of Change of Address

:

15/04/2002

Contact No.

:

6882 0988

Fax No.

:

6882 0991

Website

:

NA

Registered Activities

:

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

PROVISION OF SOURCING & BUYING SERVICES FOR GARMENTS & ARTICLES OF ALL KINDS

2. WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENTS)

Issued Ordinary Capital*

:

$1,400,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 1,400,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$1,400,000.00 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

:

4

No. of Local Associates

:

NA

Auditor

:

ERNST & YOUNG LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 580,681,280.00 (FY2011)

Net Worth

:

SGD - SIN 61,320,400.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

363 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2007/2008)

698 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2007/2008)

572 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2007/2008)

386 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2006/2007)

361 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2006/2007)

Compounded Annual Growth Rate (CAGR)

:

2.79% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

TEX LINE PTE. LIMITED

SHAREHOLDER ID

:

198201185M

NATIONALITY

:

SINGAPORE

ADDRESS

:

73 BUKIT TIMAH ROAD #01-01 TONG NAM BUILDING SINGAPORE 229832

NO. OF ORD SHARES

:

1,400,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

SIM KIM CHOON

ADDRESS

:

1D LYNWOOD GROVE ONE LYNWOOD SINGAPORE 358679

POSITION

:

DIRECTOR

DATE OF APPT

:

22/12/1990

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0018165Z

 

NAME

:

MICHAEL KOH KOW TEE

ADDRESS

:

201 OCEAN DRIVE #06-05 AZURE, THE SINGAPORE 098584

POSITION

:

DIRECTOR

DATE OF APPT

:

12/12/1989

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0018917J

 

NAME

:

ER CHOON HUAT

ADDRESS

:

12 HILLVIEW DRIVE SINGAPORE 669374

POSITION

:

DIRECTOR

DATE OF APPT

:

22/12/1990

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0020062Z

 

NAME

:

JOHAR YEO

ADDRESS

:

50 LORONG MELAYU SINGAPORE 416930

POSITION

:

DIRECTOR

DATE OF APPT

:

16/04/2001

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0212675C

 

NAME

:

KOH PUAY TEE

ADDRESS

:

2 BAYSHORE ROAD BAYSHORE TERRACE SINGAPORE 469960

POSITION

:

DIRECTOR

DATE OF APPT

:

16/04/2001

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0475334H

 

NAME

:

PHUA KOK OH @ RICHARD PHUA

ADDRESS

:

7 YIO CHU KANG DRIVE SINGAPORE 786317

POSITION

:

DIRECTOR

DATE OF APPT

:

22/12/1990

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1028357D

 

NAME

:

EILEEN LIM SEO MENG

ADDRESS

:

38 SIRAT PLACE SANFORD PARK SINGAPORE 545840

POSITION

:

DIRECTOR

DATE OF APPT

:

16/04/2001

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1217351B

 

 

 

NAME

:

CHAN FANNY

ADDRESS

:

866 TAMPINES STREET 83 #02-225 SINGAPORE 520866

POSITION

:

SECRETARY

DATE OF APPT

:

31/12/2002

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1581535C

 

 

KEY PERSONNEL PROFILE

 

Name:

MICHAEL KOH KOW TEE

NRIC Number:

S0018917J

Available Address:

201 OCEAN DRIVE #06-05 AZURE, THE  SINGAPORE 98584

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

2BESOURCE.COM PTE LTD

DIRECTOR

18/07/2000

-

-

2

ASIA BRANDING LICENSING PTE. LTD.

DIRECTOR

25/11/2009

-

-

3

FRESH APPROACH PTE. LTD.

SHAREHOLDER

-

600000

40.00

4

KEEP TOP GROUP PTE. LTD.

DIRECTOR

23/01/2006

225000

75.00

5

MJ CAPITAL PTE LTD

DIRECTOR

11/11/2003

4758726

100.00

6

ODYSSEY CONCEPTS PTE. LTD.

DIRECTOR

18/03/2010

500000

50.00

7

STRAITS GALLERY (S.E.A.) PTE. LTD.

DIRECTOR

09/10/2010

1000000

100.00

8

TAMA LABELLING & ACCESSORIES PTE LTD

DIRECTOR

10/12/1991

209235

34.42

9

TEX LINE ASSOCIATES PAKISTAN (S) PTE LTD

DIRECTOR

18/07/2000

-

-

10

TEX LINE ASSOCIATES PTE LTD

DIRECTOR

12/12/1989

-

-

11

TEX LINE ASSOCIATES PTE LTD

MANAGING DIRECTOR

22/12/1990

-

-

12

TEX LINE PTE. LIMITED

DIRECTOR

19/04/1982

528360

37.74

13

TEX LINE PTE. LIMITED

MANAGING DIRECTOR

19/04/1982

528360

37.74

14

THE EVENTS CLUB SG PTE. LTD.

DIRECTOR

18/03/2010

50000

50.00

15

TL CAPITAL PTE LTD

DIRECTOR

20/08/2005

1400000

100.00

16

TLA SPORTS PTE. LTD.

DIRECTOR

08/04/2004

-

-

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ADVANTEX MERCHANDISING PTE LTD

STRUCK OFF

DIRECTOR

04/11/1989

16/10/1992

2

ASTANA BAJONG PTE LTD

STRUCK OFF

DIRECTOR

12/12/1989

-

3

AVERY DENNISON RBIS SINGAPORE PTE. LTD.

LIVE COMPANY

DIRECTOR

12/03/1991

06/09/2012

4

BORNEMANN + BICK LABELLING AND ACCESSORIES PTE LTD

STRUCK OFF

DIRECTOR

18/01/1985

09/05/2011

5

BORNEMANN + BICK LABELLING AND ACCESSORIES PTE LTD

STRUCK OFF

MANAGING DIRECTOR

11/01/1992

09/05/2011

6

CHINO CREATIONS PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

26/09/1986

07/05/1992

7

CHINO CREATIONS PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

8

COLBY & STATON AGENCIES PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

09/06/1984

09/10/1991

9

COLBY & STATON AGENCIES PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

10

COOL ISLAND PTE LTD

STRUCK OFF

SHAREHOLDER

-

18/09/2007

11

CTS INTERNATIONAL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

09/09/1994

03/03/1998

12

CTS INTERNATIONAL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

13

E-LINE TECHNOLOGY PTE LTD

STRUCK OFF

DIRECTOR

01/10/2002

22/07/2004

14

E-LINE TECHNOLOGY PTE LTD

STRUCK OFF

MANAGING DIRECTOR

27/03/2000

01/09/2000

15

E.L.C. FASHIONS PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

30/03/1993

03/02/1998

16

E.L.C. FASHIONS PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

17

GEORGIE'S GOURMET POPCORN PRIVATE LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

09/06/1984

28/04/1992

18

GEORGIE'S GOURMET POPCORN PRIVATE LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

19

GOLDEN MERCHANDISING PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

14/06/1985

23/03/1988

20

INTERNATIONAL INDUSTRADE PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

01/11/1987

22/09/1992

21

INTERNATIONAL INDUSTRADE PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

22

INTERNATIONAL PRINTING & STATIONERY PTE LTD

STRUCK OFF

DIRECTOR

28/03/1995

01/09/2001

23

JIT CONCEPT INTERNATIONAL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

28/05/1998

01/09/2000

24

JIT CONCEPT INTERNATIONAL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

22/07/2003

25

JK TECH HOLDINGS LIMITED

LIVE COMPANY

SHAREHOLDER

-

15/11/2012

26

K.C. ASIA (OPA) PTE LTD

STRUCK OFF

DIRECTOR

22/03/1997

21/11/2000

27

K.C. ASIA (OPA) PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

28

KJ INDUSTRIES PTE. LTD.

LIVE COMPANY

DIRECTOR

25/07/2006

26/11/2012

29

KJ INDUSTRIES PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

26/11/2012

30

LARK APPAREL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

11/01/1984

06/11/1991

31

MAXI DESIGNS PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/08/1985

31/12/1985

32

MJ CAPITAL PTE LTD

LIVE COMPANY

DIRECTOR

01/12/1999

15/11/2012

33

PRIMERO INDUSTRIES PTE. LTD.

LIVE COMPANY

DIRECTOR

15/03/2011

19/11/2012

34

PRIMERO INDUSTRIES PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

19/11/2012

35

S.T. ALLIANCE PTE LTD

STRUCK OFF

DIRECTOR

05/04/1993

-

36

S.T. ALLIANCE PTE LTD

STRUCK OFF

SHAREHOLDER

-

02/10/2012

37

SENTEX SINGAPORE PTE LTD

DISSOLVED - COMPULSORY WINDING UP (INSOLVENCY)

DIRECTOR

18/08/1981

05/04/1982

38

SOUTH ISLAND ALLIANCE PTE LTD

LIVE COMPANY

DIRECTOR

18/04/1991

23/10/2012

39

SOUTH ISLAND ALLIANCE PTE LTD

LIVE COMPANY

DIRECTOR

27/10/1995

23/10/2012

40

SOUTH ISLAND ALLIANCE PTE LTD

LIVE COMPANY

SHAREHOLDER

-

23/10/2012

41

SPORTSVISION INTERNATIONAL PTE LTD

LIVE COMPANY

DIRECTOR

08/09/1995

04/06/2012

42

SPORTSVISION INTERNATIONAL PTE LTD

LIVE COMPANY

MANAGING DIRECTOR

29/09/1995

04/06/2012

43

SPORTSVISION INTERNATIONAL PTE LTD

LIVE COMPANY

SHAREHOLDER

-

04/06/2012

44

T.M. APPAREL PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

19/02/1986

06/05/1986

45

TAMA TAG PTE LTD

STRUCK OFF

DIRECTOR

01/09/2000

10/05/2010

46

TAMA TAG PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

47

TEX LINE AGENCIES PRIVATE LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

14/09/1982

06/08/1992

48

TEX LINE ASSOCIATES PTE LTD

LIVE COMPANY

SHAREHOLDER

-

04/09/2012

49

TEX LINE INDUSTRY PTE LTD

STRUCK OFF

DIRECTOR

25/02/1997

01/09/2000

50

TEX LINE INDUSTRY PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

51

TEX LINE MARKETING (SINGAPORE) PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

15/12/1989

29/03/1999

52

TEX LINE MARKETING (SINGAPORE) PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

53

TEX LINE MERCHANDISING PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

16/07/1988

07/03/1994

54

TEX LINE MERCHANDISING PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SECRETARY

26/08/1988

-

55

TEX LINE MERCHANDISING PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

56

TEX LINE SERVICES PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

26/09/1986

28/08/1993

57

TEX-EBO INTERNATIONAL (S) PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

01/09/2000

22/03/2007

58

TEXWELL-CHINO DESIGNS PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

MANAGING DIRECTOR

15/08/1985

28/08/1993

59

TEXWELL-CHINO DESIGNS PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

60

TLA SPORTS PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

15/11/2012

61

USED CLOTHING COMPANY (S) PTE LTD

STRUCK OFF

DIRECTOR

29/09/1990

29/02/1992

62

USED CLOTHING COMPANY (S) PTE LTD

STRUCK OFF

SHAREHOLDER

-

-

63

VIET-SIN INTERNATIONAL PTE LTD

STRUCK OFF

DIRECTOR

18/06/1992

25/02/1993

64

VIET-SIN INTERNATIONAL PTE LTD

STRUCK OFF

MANAGING DIRECTOR

30/06/1992

25/02/1993

65

VIET-SIN INVESTMENTS PTE LTD

LIVE COMPANY

DIRECTOR

02/05/1992

25/02/1993

66

VIVOLI ITALIAN ICE-CREAM PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

16/04/1984

28/04/1992

67

VIVOLI ITALIAN ICE-CREAM PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

68

WJ TEX LABELLING PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

18/04/1983

06/08/1992

 

Bankruptcy Record

 

(Status include petition filed, order made, discharge, annulment, set aside, rescinded and withdrawn)

 

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Note: Please purchase case details to know the latest status.

 

Litigation Search – Writ of Summons

 

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

2BESOURCE.COM PTE LTD

100

TLA SPORTS PTE. LTD.

100

TAG INDUSTRIES PTE. LTD.

100

TEX LINE ASSOCIATES PAKISTAN (S) PTE LTD

76

           

 

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

 

Date of Last AGM

:

30/11/2011

Date of Last AR

:

12/01/2012

Date of A/C Laid At Last AGM

:

31/03/2011

 

 

 

 

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).

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

MAR 2011

% Change

MAR 2010

MAR 2009

MAR 2008

MAR 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

580,681,280

12.11

517,974,986

665,625,774

560,273,032

520,194,076

Profit/(Loss) Before Tax

18,341,008

15.59

15,867,531

17,817,350

19,882,292

19,694,488

Profit After Tax attributable to Shareholders

15,329,104

14.37

13,403,461

15,020,633

17,004,573

17,346,563

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

166,142,096

3.87

159,950,813

140,590,182

105,925,667

96,785,991

Current Assets

165,409,040

4.14

158,834,926

138,710,800

104,509,600

94,946,653

Non Current Assets

733,056

-34.31

1,115,887

1,879,382

1,416,067

1,839,338

 

 

 

 

 

 

 

Total Liabilities

104,821,696

1.60

103,170,304

79,676,857

47,438,994

45,532,586

Current Liabilities

104,821,696

1.61

103,158,903

79,658,106

47,418,407

45,465,502

Non Current Liabilities

0

-100.00

11,401

18,751

20,587

67,084

 

 

 

 

 

 

 

Shareholders' Funds

61,320,400

8.00

56,780,508

60,913,326

58,486,673

51,253,406

Share Capital

1,009,280

-6.82

1,083,108

1,096,186

1,117,561

1,185,663

Total Reserves

60,311,120

8.28

55,697,400

59,817,140

57,369,112

50,067,743

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

MAR 2011

MAR 2010

MAR 2009

MAR 2008

MAR 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

12.11

-22.18

18.80

7.70

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

2.64

2.59

2.26

3.04

3.33

Return on Equity (%)

25.00

23.61

24.66

29.07

33.84

Return on Assets (%)

9.23

8.38

10.68

16.05

17.92

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.71

1.82

1.31

0.81

0.89

Current Debt/Equity (Times)

1.71

1.82

1.31

0.81

0.89

Long Term Debt To Equity (Times)

NA

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

2.71

2.82

2.31

1.81

1.89

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

3.50

3.24

4.73

5.29

5.37

Fixed Assets Turnover (Times)

792.14

464.18

354.17

395.65

282.82

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.58

1.54

1.74

2.20

2.09

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

MAR 2008

% Change

MAR 2007

Currency

SGD - SIN

 

SGD - SIN

Profit and Loss Key Figures

 

 

 

Turnover

*

NA

0

Profit/(Loss) Before Tax

*

NA

0

Profit After Tax attributable

 to Shareholders

*

NA

0

 

 

 

 

Balance Sheet Key Figures

 

 

 

Total Assets

71,267,000

20.47

59,159,000

Current Assets

69,102,000

21.40

56,922,000

Non Current Assets

2,165,000

-3.22

2,237,000

 

 

 

 

Total Liabilities

38,306,000

17.83

32,510,000

Current Liabilities

38,292,000

17.90

32,478,000

Non Current Liabilities

14,000

-56.25

32,000

 

 

 

 

Shareholders' Funds

32,961,000

23.69

26,649,000

Share Capital

760,000

0.00

760,000

Total Reserves

(32,201,000)

NA

25,889,000

 

 

 

 

* As per Companies Act, section 201 Accounts, Consolidated accounts and directors report, sub-section 3A.

 

 

FINANCIAL RATIOS 

 

 

Company

 

MAR 2008

MAR 2007

Growth %

 

 

Year-on-Year Growth

NA

NA

 

 

 

Profitability

 

 

Profit Margin (%)

0.00

0.00

Return on Equity (%)

0.00

0.00

Return on Assets (%)

0.00

0.00

 

 

 

Leverage

 

 

Total Debt/Equity (Times)

1.16

1.22

Current Debt/Equity (Times)

1.16

1.22

Long Term Debt To Equity (Times)

0.00

0.00

Total Asset To Total Equity (Times)

2.16

2.22

 

 

 

Asset Management

 

 

Total Assets Turnover (Times)

0.00

0.00

Fixed Assets Turnover (Times)

0.00

0.00

 

 

 

Liquidity

 

 

Current Ratio (Times)

1.80

1.75

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 2.79% (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 2.64 per cent in FY11 (FY10: 2.59 per cent). The group is now able to book in SGD - SIN 0.03 of profit for every SGD - SIN of sales in FY11, as compared with SGD - SIN 0.03 a year ago.

 

Liquidity

Current ratio stood at 1.58 times in FY11 (FY10: 1.54 times). This means that the group has SGD - SIN 1.58 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 1.71 times in FY11, compared with 1.82 times in FY10. This means that the group requires additional external financing of SGD - SIN 1.71 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 25.00 per cent for Subject in the current financial period, as compared to 23.61 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 9.23 per cent (FY10: 8.38 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 3.50 times in FY11 (FY10: 3.24 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.54.20

UK Pound

1

Rs.86.99

Euro

1

Rs.70.22

 

 

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%)

 

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