MIRA INFORM REPORT

 

 

Report Date :

28.12.2012

 

IDENTIFICATION DETAILS

 

Name :

R1 INTERNATIONAL PTE LTD

 

 

Registered Office :

8 Robinson Road #05-00 Aso Building Singapore 048544

 

 

Country :

Singapore

 

 

Financials (as on) :

Sep 2011

 

 

Date of Incorporation :

20.07.2001

 

 

Com. Reg. No.:

200104842R

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Wholesale Of Rubber (Including Rubber Brokers)

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

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:

R1 INTERNATIONAL PTE LTD

200104842R

 

Date Incorporated:

Registered Office:

Telephone Number:

20/07/2001

8 ROBINSON ROAD #05-00 ASO BUILDING SINGAPORE 048544

6557 4399

Age of Company:

Website:

Industry Type:

11

www.r1international.com

COMMERCE-WHOLESALE

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

NA

20

eq

Payment pattern as per previous month

No. of Charges(s):
8

Industry DTC

 

24

 

Directors

 

Corporate Structure

Number of Current Directors

6

Holding Company:

HAINAN STATE FARMS INVESTMENT LIMITED

Number that are shareholders

27

No. of Subsidiaries & Associated Companies:

1

 

 

 

EXECUTIVE SUMMARY

 

Company Name

:

R1 INTERNATIONAL PTE LTD

Registration No

:

200104842R

Date of Registration

:

20/07/2001

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

8 ROBINSON ROAD #05-00 ASO BUILDING SINGAPORE 048544

Date of Change of Address

:

NA

Contact No.

:

6557 4399

Fax No.

:

6538 3393

Website

:

www.r1international.com

Registered Activities

:

WHOLESALE OF RUBBER (INCLUDING RUBBER BROKERS)

Issued Ordinary Capital*

:

$7,000,000.00 UNITED STATES OF AMERICA, DOLLARS ,NO. OF SHARE : 7,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$7,000,000.00 UNITED STATES OF AMERICA, 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

:

ERNST & YOUNG LLP

Bankers / Financiers

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

ABN AMRO BANK N.V.

STANDARD CHARTERED BANK

OVERSEA-CHINESE BANKING CORPORATION LIMITED

Turnover

:

SGD - SIN 4,044,236,093.00 (FY2011)

Net Worth

:

SGD - SIN 46,504,321.00 (FY2011)

No. of Bank Charges

:

8

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

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

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

153 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

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

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

Compounded Annual Growth Rate (CAGR)

:

35.14% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

HAINAN STATE FARMS INVESTMENT LIMITED

SHAREHOLDER ID

:

T12UF1750B

NATIONALITY

:

VIRGIN ISLANDS, BRITISH

ADDRESS

:

P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS

NO. OF ORD SHARES

:

4,200,000

% OF SHAREHOLDING

:

60%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

HAINAN RUBBER GROUP (SINGAPORE) DEVELOPMENT PTE. LTD.

SHAREHOLDER ID

:

200918102R

NATIONALITY

:

SINGAPORE

ADDRESS

:

9 TEMASEK BOULEVARD #28-03 SUNTEC TOWER TWO SINGAPORE 038989

NO. OF ORD SHARES

:

1,050,000

% OF SHAREHOLDING

:

15%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

SANDANA DASS

SHAREHOLDER ID

:

S2712656A

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

9 BOSCOMBE ROAD SINGAPORE 439746

NO. OF ORD SHARES

:

700,000

% OF SHAREHOLDING

:

10%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

THAVEESAK HOLDING CO. LTD

SHAREHOLDER ID

:

T07UF0849E

NATIONALITY

:

THAILAND

ADDRESS

:

20/05 GOMARAPAT ROAD PHUKET 83000 THAILAND

NO. OF ORD SHARES

:

350,000

% OF SHAREHOLDING

:

5%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

LINDA OEI SWAN CHU

SHAREHOLDER ID

:

S2165246F

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

18 JALAN TANAH PUTEH SINGAPORE 457341

NO. OF ORD SHARES

:

205,112

% OF SHAREHOLDING

:

2.9%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

LIM BENG SENG

SHAREHOLDER ID

:

S2607496G

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

6A TANJONG RHU ROAD #13-01 DE CENTURION SINGAPORE 436884

NO. OF ORD SHARES

:

88,888

% OF SHAREHOLDING

:

1.3%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

 

SHAREHOLDER DETAILS

 

NAME

:

LING CHAN YEW

SHAREHOLDER ID

:

720128-10-5211

NATIONALITY

:

MALAYSIAN

ADDRESS

:

NO. 7 JALAN USJ 2/6, UEP SUBANG JAYA, 47600 SUBANG JAYA, SELANGOR DARUL EHSAN, MALAYSIA

NO. OF ORD SHARES

:

88,000

% OF SHAREHOLDING

:

1.3%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

HO WAI LEONG

SHAREHOLDER ID

:

S7625177J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

1 LEICESTER ROAD #13-05 ONE LEICESTER SINGAPORE 358828

NO. OF ORD SHARES

:

80,000

% OF SHAREHOLDING

:

1.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

TOSHINOBU HANDA

SHAREHOLDER ID

:

TH3245093

NATIONALITY

:

JAPANESE

ADDRESS

:

3-601 CITI'S FORT, 1-6-1, UTASE, MIHAMA-KU CHIBA-CITY, JAPAN, ZIP CODE 261-0013

NO. OF ORD SHARES

:

50,000

% OF SHAREHOLDING

:

0.7%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

LEE CHEE HOE

SHAREHOLDER ID

:

A18972208

NATIONALITY

:

MALAYSIAN

ADDRESS

:

16 JALAN 2/50A, TMN DESA GOMBAK 2, SETAPAK 53000 KUALA LUMPUR W. PERSEKUTUAN (KL), MALAYSIA

NO. OF ORD SHARES

:

40,000

% OF SHAREHOLDING

:

0.6%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

OH KIAN CHEW

SHAREHOLDER ID

:

S1636308A

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

503 PASIR RIS STREET 52 #02-239 SINGAPORE 510503

NO. OF ORD SHARES

:

20,000

% OF SHAREHOLDING

:

0.3%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

LIM CHIN SENG

SHAREHOLDER ID

:

S1686180D

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

153 LORONG 2 TOA PAYOH #09-600 TOA PAYOH SAPPHIRE SINGAPORE 310153

NO. OF ORD SHARES

:

15,000

% OF SHAREHOLDING

:

0.2%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

 

 

SHAREHOLDER DETAILS

 

NAME

:

LESLIE CHENG TSIN TZUN

SHAREHOLDER ID

:

730202-01-5513

NATIONALITY

:

MALAYSIAN

ADDRESS

:

NO. 30 JALAN JASA 8, TAMAN MUTIARA RINI SKUDAI 81300, JOHOR BAHRU, JOHOR,  MALAYSIA

NO. OF ORD SHARES

:

13,000

% OF SHAREHOLDING

:

0.2%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

PEK TECK YEW

SHAREHOLDER ID

:

610621-10-5197

NATIONALITY

:

MALAYSIAN

ADDRESS

:

B-809 JALAN TERATAI, PUNCAK DAMANSARA, PJU6 47400 PETALING JAYA, SELANGOR,  MALAYSIA

NO. OF ORD SHARES

:

12,000

% OF SHAREHOLDING

:

0.2%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

CHIN SHEE YONG

SHAREHOLDER ID

:

810412-01-5765

NATIONALITY

:

MALAYSIAN

ADDRESS

:

NO. 1692 JALAN BAWAL, TAMAN MERSING, 88800 MERSING, JOHOR MALAYSIA

NO. OF ORD SHARES

:

12,000

% OF SHAREHOLDING

:

0.2%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

TRAN NGOC TUNG

SHAREHOLDER ID

:

B5930219

NATIONALITY

:

VIETNAMESE

ADDRESS

:

380/34/2/17 LE VAN LUONG ST, TAN HUNG WARD, DISTRICT 7, HO CHI MINH CITY, VIETNAM

NO. OF ORD SHARES

:

12,000

% OF SHAREHOLDING

:

0.2%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

NGUYEN DAI THAO

SHAREHOLDER ID

:

B6257375

NATIONALITY

:

VIETNAMESE

ADDRESS

:

61/15 DA NAM STREET, WARD 2, DISTRICT 8 HO CHI MINH CITY, VIETNAM

NO. OF ORD SHARES

:

10,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

DING WEN

SHAREHOLDER ID

:

G36158190

NATIONALITY

:

CHINESE

ADDRESS

:

101 NO. 44 LANE 82, HUA LING ROAD BAOSHAN DISTRICT, SHANGHAI 200442 CHINA

NO. OF ORD SHARES

:

10,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

 

SHAREHOLDER DETAILS

 

NAME

:

WONG KIEN HIAN

SHAREHOLDER ID

:

800215-08-5693

NATIONALITY

:

MALAYSIAN

ADDRESS

:

NO. 5 LEBOH RAYA, TEBING TINGGI, 31650 IPOH PERAK, MALAYSIA

NO. OF ORD SHARES

:

8,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

YEOH WEE CHIA

SHAREHOLDER ID

:

820417-03-5211

NATIONALITY

:

MALAYSIAN

ADDRESS

:

PT 236, JALAN KEBUN SULTAN, 15350 KOTA BAHRU, KELANTAN MALAYSIA

NO. OF ORD SHARES

:

8,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

CHIN CHI GANG

SHAREHOLDER ID

:

750908-14-5449

NATIONALITY

:

MALAYSIAN

ADDRESS

:

B-9-1 ONE SENTUL CONDOMINIUM, JALAN SENTUL RIA 51200 KUALA LUMPUR,  MALAYSIA

NO. OF ORD SHARES

:

6,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

THAD STEVEN GOFF

SHAREHOLDER ID

:

482526754

NATIONALITY

:

AMERICAN

ADDRESS

:

MEDAL #806 8A/6D2 THAI VAN LUNG, DISTRICT 1, HO CHI MINH CITY, VIETNAM

NO. OF ORD SHARES

:

5,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

LIM CHIN CHAI

SHAREHOLDER ID

:

S2707834F

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

33 BISHAN STREET 11 #13-11 BISHAN LOFT SINGAPORE 579820

NO. OF ORD SHARES

:

5,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

MANTHA SRINIVAS SASTRY

SHAREHOLDER ID

:

S7560094A

NATIONALITY

:

SINGAPORE P.R.

ADDRESS

:

322C ANCHORVALE DRIVE #08-150 SINGAPORE 543322

NO. OF ORD SHARES

:

5,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

SHAREHOLDER DETAILS

 

NAME

:

FOO CHER HSIEN, SHAWN

SHAREHOLDER ID

:

S7828071I

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

450 RACE COURSE ROAD SINGAPORE 218694

NO. OF ORD SHARES

:

4,000

% OF SHAREHOLDING

:

0.1%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

STEPHEN KOH ENG TEONG

SHAREHOLDER ID

:

630922-10-5885

NATIONALITY

:

MALAYSIAN

ADDRESS

:

NO. 4 LORONG 12/17A, 46200 PETALING JAYA, SELANGOR, MALAYSIA

NO. OF ORD SHARES

:

2,000

% OF SHAREHOLDING

:

0%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

LIZAM BIN ABD RAHMAN

SHAREHOLDER ID

:

700717-08-5767

NATIONALITY

:

MALAYSIAN

ADDRESS

:

7A-11-09 TIARA INTAN APARTMENT, JALAN BUKIT INDAH 3/19 TAMAN BUKIT INDAH, 68000 AMPANG SELANGOR, MALAYSIA

NO. OF ORD SHARES

:

1,000

% OF SHAREHOLDING

:

0%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

LI YANFENG

ADDRESS

:

ROOM 1106, NO.C, CHENG ZHONG CHENG APARTMENT GUOMAO AVENUE, HAIKOU CITY, HAINAN PROVINCE, CHINA 570125.

POSITION

:

DIRECTOR

DATE OF APPT

:

05/11/2012

NATIONALITY

:

CHINESE

I/C PASSPORT

:

G36491119

 

NAME

:

YANG ZHICHENG

ADDRESS

:

6-3A, XINSHIJIE HUAYUANTING, XINBU DADAO NO.1, MEILAN DISTRICT, HAIKOU, HAINAN PROVINCE, PRC

POSITION

:

DIRECTOR

DATE OF APPT

:

30/04/2012

NATIONALITY

:

CHINESE

I/C PASSPORT

:

G37443476

 

NAME

:

FANG TING

ADDRESS

:

LONGKUN XIACUN  NO.173, LONGHUA DISTRICT, HAIKOU, HAINAN PROVINCE, PRC

POSITION

:

DIRECTOR

DATE OF APPT

:

30/04/2012

NATIONALITY

:

CHINESE

I/C PASSPORT

:

G60374692

 

NAME

:

LIN JINTING

ADDRESS

:

ZHAONAN LVDAO JIAYUAN, HAIDIAN ISLAND, MEILAN DISTRICT, HAIKOU, HAINAN PROVINCE PRC

POSITION

:

DIRECTOR

DATE OF APPT

:

30/04/2012

NATIONALITY

:

CHINESE

I/C PASSPORT

:

P00737626

 

NAME

:

PONGSAK KERDVONGBUNDIT

ADDRESS

:

20/5 GOMARAPAT ROAD, PHUKET 83000, THAILAND

POSITION

:

DIRECTOR

DATE OF APPT

:

23/07/2001

NATIONALITY

:

THAI

I/C PASSPORT

:

P818414

 

NAME

:

CHAN YOKE HENG IRENE

ADDRESS

:

997 BUKIT TIMAH ROAD #08-04 CASA ESPERANZA SINGAPORE 589633

POSITION

:

SECRETARY

DATE OF APPT

:

24/07/2001

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1459389F

 

 

OFFICER DETAILS

 

NAME

:

SANDANA DASS

ADDRESS

:

9 BOSCOMBE ROAD SINGAPORE 439746

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

20/07/2001

24/07/2001

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2712656A

 

 

KEY PERSONNEL PROFILE

 

Name:

SANDANA DASS

NRIC Number:

S2712656A

Available Address:

9 BOSCOMBE ROAD  SINGAPORE 439746

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

R1 DELTA CIS PTE. LTD.

DIRECTOR

01/09/2006

-

NA

2

R1 INTERNATIONAL PTE LTD

MANAGING DIRECTOR

24/07/2001

700000

10.00

3

R1 INTERNATIONAL PTE LTD

DIRECTOR

20/07/2001

700000

10.00

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

R1 DELTA CIS PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

14/12/2012

2

R1 INTERNATIONAL PTE LTD

LIVE COMPANY

SHAREHOLDER

-

14/12/2012

 

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 (%)

 

R1 DELTA CIS PTE. LTD.

51

 

                                                                                                                       

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 8 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201105518

 

Date of Registration

:

05/05/2011

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

2)

Charge No.

:

C201105477

 

Date of Registration

:

04/05/2011

 

Chargee

:

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

3)

Charge No.

:

C201010422

 

Date of Registration

:

03/11/2010

 

Chargee

:

ABN AMRO BANK N.V.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

LEVEL 26 ONE RAFFLES QUAY SOUTH TOWER SINGAPORE 048583

 

4)

Charge No.

:

C201005739

 

Date of Registration

:

07/07/2010

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

5)

Charge No.

:

C201005738

 

Date of Registration

:

07/07/2010

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

6)

Charge No.

:

C200908719

 

Date of Registration

:

30/12/2009

 

Chargee

:

OVERSEA-CHINESE BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

65 CHULIA STREET #26-00 OCBC CENTRE SINGAPORE 049513

 

 

BANKERS/ FINANCIERS

 

7)

Charge No.

:

C200903382

 

Date of Registration

:

10/06/2009

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

8)

Charge No.

:

C200901120

 

Date of Registration

:

18/02/2009

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

 

LITIGATION

 

Clear

 

 

COMPLIANCE

 

Date of Last AGM

:

16/03/2012

Date of Last AR

:

29/03/2012

Date of A/C Laid At Last AGM

:

30/09/2011
 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

wImage225

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

 

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

 

SEP 2011

% Change

SEP 2010

SEP 2009

SEP 2008

SEP 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

4,044,236,093

69.16

2,390,730,422

1,195,606,246

1,962,113,274

1,212,600,916

Profit/(Loss) Before Tax

20,071,425

81.77

11,042,372

7,056,668

5,043,301

3,872,848

Profit After Tax attributable to Shareholders

15,911,196

53.11

10,391,964

6,270,024

3,897,498

3,045,548

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

486,632,613

57.63

308,720,790

183,765,695

235,000,572

133,270,241

Current Assets

484,847,600

57.17

308,489,818

183,508,024

234,705,711

132,807,708

Non Current Assets

1,785,013

672.83

230,972

257,671

294,861

462,533

 

 

 

 

 

 

 

Total Liabilities

440,128,292

61.58

272,384,511

154,170,764

211,350,678

109,972,243

Current Liabilities

440,128,292

61.58

272,384,511

154,143,188

211,267,517

109,897,193

Non Current Liabilities

0

NA

0

27,576

83,161

75,050

 

 

 

 

 

 

 

Shareholders' Funds

46,504,321

27.98

36,336,279

29,594,931

23,649,893

23,297,998

Share Capital

8,825,600

-8.95

9,692,956

10,324,006

9,828,175

10,691,100

Total Reserves

37,678,721

41.42

26,643,323

19,270,925

13,821,718

12,606,898

 

 

FINANCIAL RATIOS

 

 

Group

 

SEP 2011

SEP 2010

SEP 2009

SEP 2008

SEP 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

69.16

99.96

-39.07

61.81

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.39

0.43

0.52

0.20

0.25

Return on Equity (%)

34.21

28.60

21.19

16.48

13.07

Return on Assets (%)

3.27

3.37

3.41

1.66

2.29

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

9.46

7.50

5.21

8.94

4.72

Current Debt/Equity (Times)

9.46

7.50

5.21

8.93

4.72

Long Term Debt To Equity (Times)

NA

NA

0.00

0.00

0.00

Total Asset To Total Equity (Times)

10.46

8.50

6.21

9.94

5.72

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

8.31

7.74

6.51

8.35

9.10

Fixed Assets Turnover (Times)

2,265.66

10,350.74

4,640.05

6,654.37

2,621.65

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.10

1.13

1.19

1.11

1.21

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 35.14% (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 0.39 per cent in FY11. The group is now able to book in SGD - SIN 0.00 of profit for every SGD - SIN of sales.

 

Liquidity

 

Current ratio stood at 1.10 times in FY11. This means that the group has SGD - SIN 1.10 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

Total debt-to-equity ratio notched 9.46 times in FY11. This means that the group requires additional external financing of SGD - SIN 9.46 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 34.21 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.

 

Return on assets stood at 3.27 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 8.31 times in FY11. 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.54.84

UK Pound

1

Rs.88.54

Euro

1

Rs.72.63

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.