MIRA
INFORM REPORT
|
Report Date : |
18.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRANSITION SYSTEMS ASIA PTE. LTD. |
|
|
|
|
Registered Office : |
63 Ubi Avenue 1, #06-07, Boustead House Singapore 40893 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
2006 |
|
|
|
|
Date of Incorporation : |
21.02.2003 |
|
|
|
|
Com. Reg. No.: |
200301516R |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
Wholesale Of Computer Hardware And Peripheral Equipment |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 30,000 |
|
Status : |
Moderate |
|
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 30, 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 |
Contact
Points
|
Company Name: |
Transition
Systems Asia Pte. Ltd. |
|
Supplied Name: |
|
|
Supplied
Address: |
|
Credit Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company Identification Details
|
Registered Name: |
|
|
Registered
Address: |
|
|
Date of
Registration:: |
2003-2-21 |
|
Registered
Number: |
200301516R |
|
Country of
Incorporation: |
Singapore |
|
Registered
Capital: |
SGD 1,223,499.20
(USD 40,342.47) (As of 2012.1, 1
SGD = 0.7803 USD) |
|
Paid-up Capital: |
SGD 1,223,499.20
(USD 40,342.47) = 1,056,193
Shares@1 SGD |
|
Legal Form: |
Limited Exempt
Private Company |
|
Principal
Activities: |
Wholesale Of
Computer Hardware And Peripheral Equipment Repair And
Maintenance Of Computer Hardware, Data Processing Equipment And Computer
Peripherals |
|
N/A |
|
|
Status: |
Live Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2011-8-19 |
Notes: Subject declined
to introduce its staff number.
History
Subject was incorporated on 2003-2-21 with registered number 200301516R as
Limited Exempt Private Company in Singapore.
Shareholders
|
Subscription t |
Proportion of Investment (%) |
|
|
Lee Choo Chien |
1,000,000 |
94.6% |
|
Juay Peng Kwang |
56,193 |
5.4% |
|
Total |
1,056,193 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Lee Choo Chien |
|
ID Number: |
S |
|
Address: |
1 Ridgewood
Close #15-05 Ridgewood Condominium Singapore 276692 |
|
2 |
|
|
Name: |
Juay Peng Kwang |
|
ID Number: |
S |
|
Address: |
12 Rivervale
Link #07-22 Park Green Singapore 545045 |
Subsidiaries & Branches
Offices:
|
Australia Transition Systems Australia Pty Ltd Indonesia PT. Transition Systems Indonesia Malaysia TSM Network Sdn Bhd Philippines Transition Systems Philippines Pte Ltd Inc. Thailand Transition Systems and Networks (Thailand) Co.,
Ltd. Tel: (662) 694
1421-3 Fax: (662) 694
1424 Vietnam Transition Systems Vietnam Co., Ltd Room 201, DMC
Buidling 535 Kim Ma Str.,
Ba Binh Dist, Ha Noi, Vietnam Tel: +84 4 2220
32 99 Fax: +84 4 2220 32 98 |
Management Information
Detailed
Information of Management:
|
1 |
|
|
Name: |
Lim Swee Hwa
(MS) |
|
Position: |
Secretary |
|
ID Number: |
S1437147H |
|
Address: |
224 Bishan
Street 23, #06-125, |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
2004-1-15 |
|
2 |
|
|
Name: |
Lee Choo Chien |
|
Position: |
Director |
|
ID Number: |
S |
|
Address: |
1 Ridgewood
Close, #15-05, Ridgewood Condominium Singapore 276692 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
2003-2-21 |
Operation Information
Offices
& Factories
|
|
Office |
|
Address: |
Operations
l
Subject is a regional distributor of technology
products.
l
Subject is engaged in wholesale of computer
hardware and peripheral equipment.
l
Subject also has expertise & focus in IT solutions,
customer service & technical support.
l
Subject has many venders, such as ARUBA, IMPERVA,
EXFO, ETC.
l
Subject has expertise & focus in IT solutions,
customer service & technical support.
l
Subject can build
a Virtualized File Storage Infrastructure, Access Control Solutions, Protect
Your Business, etc.
l
Subject can supply its service to both domestic and
other Asian customers.
l
Subject maintains the lead in true value-added
distribution of networking products by supporting resellers with in-depth
product knowledge, technical expertise & excellence in customer service.
l
Subject strives to develop and reward personnel of
exceptional ability and dedication by providing good working conditions,
recognizing employees as individuals, performance based compensation and a high
degree of employment security.
Settlements
It is introduced
that subject will make further negotiation about the settlement with its
customers after the deal. Then information on settlement is not available.
Profit/Loss Account
Unit: SGD
|
Date |
2006 |
2005 |
2004 |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
60,321,447.00 |
31,566,394.00 |
29,693,048.00 |
|
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
1,430,620.00 |
(859,123.00) |
0.00 |
|
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
1,088,872.00 |
(1,279,841.00) |
0.00 |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
N.A. |
N.A. |
53,979.00 |
|
Group Profit/(Loss) After Tax and Extraordinary Items |
N.A. |
N.A. |
53,979.00 |
|
Total Assets |
21,248,414.00 |
12,323,062.00 |
16,049,326.00 |
|
Total Current Assets |
20,452,346.00 |
11,991,499.00 |
15,690,184.00 |
|
Total Non-Current Assets |
796,068.00 |
331,563.00 |
359,142.00 |
|
Total Liabilities |
16,764,916.00 |
8,873,173.00 |
10,731,956.00 |
|
Total Current Liabilities |
16,737,840.00 |
8,857,567.00 |
10,689,426.00 |
|
Total Non-Current Liabilities |
27,076.00 |
15,606.00 |
42,530.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
4,483,498.00 |
3,449,889.00 |
5,317,370.00 |
|
Paid-Up Capital |
N.A. |
N.A. |
500,000.00 |
|
Share Capital |
1,000,000.00 |
500,000.00 |
- |
|
Other Reserves, Total f.k.a.[Reserves] |
(64,531.00) |
672,614.00 |
4,817,370.00 |
|
Retained Earnings/(Accumulated Loss) |
2,406,567.00 |
2,277,275.00 |
0.00 |
Financial Ratio
|
Date |
2006 |
2005 |
2004 |
|
Earning Capacity |
|
|
|
|
Rate of Net Profit on Sales (%) |
(0.16) |
0.00 |
0.00 |
|
Return of Investment (%) |
(0.47) |
0.00 |
0.00 |
|
Return of Shareholder's Funds (%) |
(3.03) |
0.00 |
0.00 |
|
Total Assets Turnover (%) |
2.96 |
0.00 |
0.00 |
|
Financial Stability |
|
|
|
|
Current/Working Capital Ratio (%) |
1.12 |
1.21 |
1.05 |
|
Proprietary Ratio (%) |
15.67 |
226.34 |
15.46 |
|
Total Debt to Equity Ratio (%) |
84.33 |
77.35 |
84.54 |
Auditors
|
Name: |
Wong, Lee &
Associates |
Interview Details
|
Name: |
Epal |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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 SCs 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.