MIRA INFORM REPORT

 

 

Report Date :           

01.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

MEDIAVISUAL SOLUTIONS PTE. LTD.

 

 

Registered Office :

20 Bukit Batok Street 52 #17-03 Guilin View Singapore 659244

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

23.11.2006

 

 

Com. Reg. No.:

200617518e

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade

 

 

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 :

Poor

 

 

Payment Behaviour :

Slow

 

 

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

 

Executive Summary

 

Company Name

:

MEDIAVISUAL SOLUTIONS PTE. LTD.

Registration No

:

200617518E

Date of Registration

:

23/11/2006

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Trading Address

:

Block no. 130 Jurong Gateway Road no. 03-205 600130, Singapore

Registered Address

:

20 BUKIT BATOK STREET 52 #17-03 GUILIN VIEW SINGAPORE 659244

Date of Change of Address

:

23/11/2006

Contact No.

:

65609522

Fax No.

:

NA

Website

:

NA

Registered Activities

:

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

GENERAL IMPORTERS AND EXPORTERS

2. RETAIL SALE OF AUDIO AND VIDEO EQUIPMENT (EG RADIO AND TELEVISION SETS, SOUND REPRODUCING AND RECORDING EQUIPMENT)

RETAIL OF MULTIMEDIA, AUDIO VISUAL AND SOUND EQUIPMENT NEC.

Issued Ordinary Capital*

:

$90,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 500,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$90,000.00 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

:

NA

No. of Local Associates

:

NA

Auditor

:

JAMES RAJ & CO.

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 814,891.00 (FY2010)

Net Worth

:

SINGAPORE, DOLLARS 75,486.00 (FY2010)

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)

:

NA

 

 

Credit Recommendation

 

Recommended Credit Line

:

No Recommendation

 

 

SHAREHOLDER DETAILS

 

NAME

:

PT. INDOVISUAL PRESENTATAMA

SHAREHOLDER ID

:

T06UF2887K

NATIONALITY

:

INDONESIA

ADDRESS

:

RUKAN MULTIGUNA KEMAYORAN BLOK 1A-B JL. RAJAWALI SELATAN RAYA, JAKARTA 14410, INDONESIA

NO. OF ORD SHARES

:

275,000

% OF SHAREHOLDING

:

55%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

RASTOGI PUNIT TRILOKINATH

SHAREHOLDER ID

:

E4387391

NATIONALITY

:

INDIAN

ADDRESS

:

C/33 KANYAKUMARI BLDG, M V RD, ANDHERI E MUMBAI 69 MS, INDIA

NO. OF ORD SHARES

:

125,000

% OF SHAREHOLDING

:

25%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

NG TIAN SIONG

SHAREHOLDER ID

:

S1653375J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

20 BUKIT BATOK STREET 52 #17-03 GUILIN VIEW SINGAPORE 659244

NO. OF ORD SHARES

:

100,000

% OF SHAREHOLDING

:

20%

CURRENCY

:

SINGAPORE, DOLLARS

OFFICER DETAILS

 

NAME

:

WONG MAY LIN

ADDRESS

:

28B DOVER CRESCENT #19-33 SINGAPORE 132028

POSITION

:

SECRETARY

DATE OF APPT

:

02/07/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1530120A

 

NAME

:

NG TIAN SIONG

ADDRESS

:

20 BUKIT BATOK STREET 52 #17-03 GUILIN VIEW SINGAPORE 659244

POSITION

:

DIRECTOR

DATE OF APPT

:

23/11/2006

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1653375J

 

 

KEY PERSONNEL PROFILE

 

Name:

NG TIAN SIONG

NRIC Number:

S1653375J

Available Address:

20 BUKIT BATOK STREET 52 #17-03 GUILIN VIEW  SINGAPORE 659244

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

MEDIAVISUAL SOLUTIONS PTE. LTD.

DIRECTOR

23/11/2006

100000

20.00

2

MOS WORLD SOUTH EAST ASIA PTE. LTD.

DIRECTOR

22/05/2009

40000

40.00

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

DEGUSTATOR PLUS PTE LTD

STRUCK OFF

DIRECTOR/SHR

14/05/1999

20/09/2006

2

EURO PACIFIC INTERNATIONAL SERVICES

TERMINATION

OWNER

12/01/1991

09/07/1993

 

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

:

14/09/2011

Date of Last AR

:

13/10/2011

Date of A/C Laid At Last AGM

:

31/12/2010

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2010

% Change

DEC 2009

DEC 2008

DEC 2007

Currency

SINGAPORE, DOLLARS

 

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

Profit and Loss Key Figures

 

 

 

 

 

Turnover

814,891

-38.90

1,333,758

5,210,418

5,616,520

Profit/(Loss) Before Tax

(7,122)

NA

(1,554)

(26,960)

23,034

Profit After Tax attributable to Shareholders

(7,122)

NA

(1,400)

(27,303)

21,311

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

Total Assets

141,799

-76.41

601,191

603,309

897,701

Current Assets

135,039

-75.47

550,417

588,522

897,701

Non Current Assets

6,760

-86.69

50,774

14,787

0

 

 

 

 

 

 

Total Liabilities

66,313

-87.21

518,583

109,301

376,390

Current Liabilities

66,124

-87.24

518,394

108,958

376,390

Non Current Liabilities

189

0.00

189

343

0

 

 

 

 

 

 

Shareholders' Funds

75,486

-8.62

82,608

494,008

521,311

Share Capital

90,000

0.00

90,000

500,000

500,000

Total Reserves

(14,514)

NA

(7,392)

(5,992)

21,311

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

Year-on-Year Growth

-38.90

-74.40

-7.23

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

-0.87

-0.10

-0.52

0.38

Return on Equity (%)

-9.43

-1.69

-5.53

4.09

Return on Assets (%)

-5.02

-0.23

-4.53

2.37

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

0.88

6.28

0.22

0.72

Current Debt/Equity (Times)

0.88

6.28

0.22

0.72

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

1.88

7.28

1.22

1.72

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

5.75

2.22

8.64

6.26

Fixed Assets Turnover (Times)

120.55

26.27

352.36

0.00

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

2.04

1.06

5.40

2.39

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

We are unable to comment on Subject's profitability.

 

 

Liquidity

 

Current ratio stood at 2.04 times in FY10 (FY09: 1.06 times). This means that the company has SINGAPORE, DOLLARS 2.04 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

Total debt-to-equity ratio notched 0.88 times in FY10, compared with 6.28 times in FY09. This means that the company requires additional external financing of SINGAPORE, DOLLARS 0.88 for every SINGAPORE, DOLLARS 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

 

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

 

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

 

Total assets turnover ratio logged at 5.75 times in FY10 (FY09: 2.22 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.49.68

UK Pound

1

Rs.78.17

Euro

1

Rs.65.52

 

 

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.