MIRA INFORM REPORT

 

 

Report Date :

25.07.2012

 

IDENTIFICATION DETAILS

 

Name :

GEXPRO ASIA PTE. LTD.

 

 

Formerly Known As :

GE SUPPLY ASIA PTE. LTD.

 

 

Registered Office :

51 Penjuru Road #02-00 Singapore 609143

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

01.09.1988

 

 

Com. Reg. No.:

198803138R

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Trading and distribution of electrical and electronic products and 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 :

Good

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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:

GEXPRO ASIA PTE. LTD.

198803138R

 

Date Incorporated:

Registered Office:

Telephone Number:

01/09/1988

51 PENJURU ROAD #02-00 SINGAPORE 609143

6467 5585

Age of Company:

Website:

Industry Type:

24

NA

COMMERCE-WHOLESALE

 

 

Risk Dashboard

 

Days Beyond Terms

Trend:

No. of Litigation Counts:

 

Company DTC:

1

 

46

 

Worse off than last month;last month the entity took 58 days to pay

No. of Charges(s):
0

 

 

 

Industry DTC

 

 

25

 

Directors

 

Corporate Structure

Number of Current Directors

4

Holding Company:

GENERAL SUPPLY & SERVICES, INC.

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

EXECUTIVE SUMMARY

 

Company Name

:

GEXPRO ASIA PTE. LTD.

Registration No

:

198803138R

Date of Registration

:

01/09/1988

Former Name

:

1.CLAYTON ELECTRIC COMPANY PTE LTD Eff. date : 01/09/1988 Eff. date : 01/09/1988

2.GE SUPPLY ASIA PTE. LTD. Eff. date : 20/12/2002 Eff. date : 20/12/2002

Date of Change of Name

:

01/12/2007

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

51 PENJURU ROAD #02-00 SINGAPORE 609143

Date of Change of Address

:

06/08/2006

Contact No.

:

6467 5585

Fax No.

:

6466 2644

Website

:

NA

Registered Activities

:

1. WHOLESALE OF ELECTRONIC COMPONENTS

TRADING AND DISTRIBUTION OF ELECTRICAL AND ELECTRONIC PRODUCTS AND EQUIPMENT.

2. WHOLESALE OF INDUSTRIAL, CONSTRUCTION AND RELATED MACHINERY AND EQUIPMENT NEC

Issued Ordinary Capital*

:

$750,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 750,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$750,000.00 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

:

ERNST & YOUNG LLP

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 75,667,794.79 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 26,687,142.78 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

1

S1000 / SME 1000 / FG50 Ranking

:

1994 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

1512 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

759 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2008/2009)

1565 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2006/2007)

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

SHAREHOLDER DETAILS

 

NAME

:

GENERAL SUPPLY & SERVICES, INC.

SHAREHOLDER ID

:

T06UF2289A

NATIONALITY

:

UNITED STATES

ADDRESS

:

6606 LBJ FREEWAY, #200, DALLAS, TEXAS TX 75240-6533, UNITED STATES OF AMERICA

NO. OF ORD SHARES

:

750,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

 

OFFICER DETAILS

 

NAME

:

HELENE MARGAT

ADDRESS

:

89 FUMIN ROAD, MAYFAIR BUILDING APPT 17B, 200040 SHANGHAI, CHINA

POSITION

:

DIRECTOR

DATE OF APPT

:

18/05/2012

NATIONALITY

:

FRENCH

I/C PASSPORT

:

10CA99240

 

NAME

:

MITCHELL DOW WILLIAMS

ADDRESS

:

HOUSE NO. 315 WILLOW BROOK AT THE GREENHILLS, LANE 418 JIN XIU (EAST) ROAD, SHANGHAI 200135, CHINA

POSITION

:

DIRECTOR

DATE OF APPT

:

18/05/2012

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

427844849

 

NAME

:

GREGORY BURCHARD STEWART

ADDRESS

:

NO. 60, AREA 2, LANE 588, JINFENG RD. MINHANG DISTRICT, SHANGHAI, PR CHINA, 201107, CHINA

POSITION

:

DIRECTOR

DATE OF APPT

:

08/11/2011

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

483707193

 

NAME

:

TAN SWEE BENG

ADDRESS

:

44B GENTLE ROAD SINGAPORE 309165

POSITION

:

DIRECTOR

DATE OF APPT

:

08/04/1994

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0002931I

 

NAME

:

WIRI PRASTO

ADDRESS

:

153 GANGSA ROAD #17-319 SINGAPORE 670153

POSITION

:

SECRETARY

DATE OF APPT

:

07/08/2006

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7084190H

 

 

 

KEY PERSONNEL PROFILE

 

Name:

TAN SWEE BENG

NRIC Number:

S0002931I

Available Address:

44B GENTLE ROAD  SINGAPORE 309165

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

CONSOLIDATED ELECTRIC (SINGAPORE) PRIVATE LIMITED

DIRECTOR

19/11/1977

480000

80.00

2

CONSOLIDATED ELECTRIC (SINGAPORE) PRIVATE LIMITED

MANAGING DIRECTOR

19/11/1977

480000

80.00

3

GEXPRO ASIA PTE. LTD.

DIRECTOR

08/04/1994

-

-

4

GEXPRO ASIA PTE. LTD.

MANAGER

15/04/1994

-

-

5

REXEL SOUTH EAST ASIA PTE. LTD.

DIRECTOR

28/02/2012

-

-

 

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

BAUTEIL-ENGINEERING (S) PTE LTD

STRUCK OFF

DIRECTOR/SHR

23/05/1998

23/10/2003

2

DNA CONSOLIDAED INDUSTRIES PRIVATE LIMITED

STRUCK OFF

DIRECTOR

11/02/1983

-

3

DNA CONSOLIDATED INDUSTRIES

TERMINATION

MANAGER

01/10/1980

-

4

DNA CONSOLIDATED INDUSTRIES

TERMINATION

OWNER

01/10/1980

-

5

DYNTRON ENGINEERING PTE LTD

STRUCK OFF

DIRECTOR

16/06/1981

-

6

FLAMGARD (FAR EAST) PTE LTD

LIVE COMPANY

DIRECTOR

07/04/1995

25/06/2012

7

GEXPRO ASIA PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

18/07/2012

8

MACCOY OILFIELD SUPPLY AND SERVICES

TERMINATION

MANAGER

01/06/1980

-

9

MACCOY OILFIELD SUPPLY AND SERVICES

TERMINATION

OWNER

01/06/1980

-

10

MCCOY OILFIELD & SERVICES PTE. LTD.

STRUCK OFF

DIRECTOR

31/10/1980

-

11

NAPASCO CHEMICAL PTE LTD

STRUCK OFF

DIRECTOR

12/01/1983

-

12

SCREEN FASHION STUDIO

TERMINATION

MANAGER

19/05/1987

-

13

SCREEN FASHION STUDIO

TERMINATION

OWNER

19/05/1987

-

14

TASLAND ENTERPRISE PTE LTD

STRUCK OFF

DIRECTOR

18/09/1978

-

15

TISAGA KHARISMA INTERNATIONAL PTE LTD

STRUCK OFF

DIRECTOR

07/03/1981

-

16

WISKA CAR RENTAL COMPANY

TERMINATION

MANAGER

26/12/1980

-

17

WISKA CAR RENTAL COMPANY

TERMINATION

OWNER

26/12/1980

-

 

 

Bankruptcy Record

 

 

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 (%)

 

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

 

Date of Last AGM

:

18/05/2012

Date of Last AR

:

26/06/2012

Date of A/C Laid At Last AGM

:

31/12/2011
 

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).

 

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

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2011

% Change

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

75,667,795

-10.17

84,237,489

73,461,530

93,202,627

90,982,036

Profit/(Loss) Before Tax

5,738,995

-28.89

8,070,090

6,193,771

8,390,604

7,393,737

Profit After Tax attributable

 to Shareholders

4,733,104

-28.03

6,576,839

5,088,428

6,535,038

6,271,174

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

41,421,466

5.99

39,079,329

45,559,775

42,016,828

31,036,544

Current Assets

41,056,795

5.53

38,906,197

45,219,172

41,482,720

30,472,072

Non Current Assets

364,671

110.63

173,132

340,603

534,108

564,472

 

 

 

 

 

 

 

Total Liabilities

14,734,323

-3.60

15,284,859

18,417,114

20,631,860

15,222,122

Current Liabilities

14,725,569

-3.15

15,204,863

18,372,070

20,588,828

15,222,122

Non Current Liabilities

8,755

-89.06

79,996

45,044

43,032

0

 

 

 

 

 

 

 

Shareholders' Funds

26,687,143

12.16

23,794,470

27,142,661

21,384,967

15,814,423

Share Capital

544,367

-7.73

590,002

630,925

611,779

651,514

Total Reserves

26,142,776

12.66

23,204,468

26,511,736

20,773,188

15,162,909

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

-10.17

14.67

-21.18

2.44

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

6.26

7.81

6.93

7.01

6.89

Return on Equity (%)

17.74

27.64

18.75

30.56

39.65

Return on Assets (%)

11.43

16.83

11.17

15.55

20.21

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.55

0.64

0.68

0.96

0.96

Current Debt/Equity (Times)

0.55

0.64

0.68

0.96

0.96

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

1.55

1.64

1.68

1.96

1.96

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.83

2.16

1.61

2.22

2.93

Fixed Assets Turnover (Times)

207.50

486.55

215.68

174.50

161.18

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

2.79

2.56

2.46

2.01

2.00

 

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 6.26 per cent in FY11 (FY10: 7.81 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.06 of profit for every SINGAPORE, DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.08 a year ago.

 

Liquidity

Current ratio stood at 2.79 times in FY11 (FY10: 2.56 times). This means that the company has SINGAPORE, DOLLARS 2.79 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.

FINANCIAL COMMENTARY

 

Leverage

Total debt-to-equity ratio notched 0.55 times in FY11, as compared with 0.64 times in FY10. This means that the company requires additional external financing of SINGAPORE, DOLLARS 0.55 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

Return on equity was 17.74 per cent for Subject in the current financial period, as compared to 27.64 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 11.43 per cent (FY10: 16.83 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 1.83 times in FY11 (FY10: 2.16 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.56.01

UK Pound

1

Rs.86.89

Euro

1

Rs.67.83

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.