MIRA
INFORM REPORT
|
Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SPHM PTE. LTD. |
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|
|
|
Formerly Known As : |
Acp Magazines Pte.
Ltd. |
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Registered Office : |
1000 Toa Payoh North News Centre |
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Country : |
|
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|
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
12.12.1991 |
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Com. Reg. No.: |
199106190n |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Publishing of Newspapers Printing/Publishing Newspapers |
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|
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 : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Exists |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name: |
Registered Number: |
|
SPHM PTE. LTD. |
199106190N |
|
Date Incorporated: |
Registered Office: |
Telephone Number: |
|
12/12/1991 |
1000 TOA PAYOH NORTH NEWS CENTRE |
6227 7900 |
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Age of Company: |
Website: |
Industry Type: |
|
21 |
NA |
INFORMATION
& COMMUNICATIONS |
|
Credit
Assessment |
|
Risk Dashboard |
||
|
Risk & Rating |
Days Beyond Terms |
Trend: |
No. of Litigation Counts: |
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|
Recommended Credit Line: |
Company DTC: |
1 |
||
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No Recommendation |
36 |
|||
|
|
Worse off than
last month;last month the entity took 50 days to pay |
No. of
Charges(s): |
||
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Industry DTC |
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||
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36 |
||||
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Directors |
|
Corporate Structure |
||
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Number of
Current Directors |
26 |
Holding Company: |
SPH MAGAZINES PTE. LTD. |
|
|
Number that are
shareholders |
1 |
No. of Subsidiaries & Associated Companies: |
NA |
|
EXECUTIVE
SUMMARY
SHAREHOLDER DETAILS
|
: |
SPH MAGAZINES PTE. LTD. |
|
|
SHAREHOLDER ID |
: |
196900476M |
|
NATIONALITY |
: |
|
|
ADDRESS |
: |
1000 TOA PAYOH |
|
NO. OF ORD SHARES |
: |
4,549,476 |
|
% OF SHAREHOLDING |
: |
100% |
|
CURRENCY |
: |
|
OFFICER DETAILS
|
: |
ANGELINE
JOYCE LEE SIANG POHR |
|
|
ADDRESS |
: |
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POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
01/11/2011 |
|
NATIONALITY |
: |
|
|
I/C PASSPORT |
: |
S1578774J |
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||
|
NAME |
: |
HU
YEE CHENG |
|
ADDRESS |
: |
7
BROOKVALE DRIVE #03-20 |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
01/11/2011 |
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NATIONALITY |
: |
|
|
I/C PASSPORT |
: |
S2205391D |
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||
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NAME |
: |
LOH
YEW SENG |
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ADDRESS |
: |
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|
POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
01/11/2011 |
|
NATIONALITY |
: |
|
|
I/C PASSPORT |
: |
S7073979H |
|
|
||
|
NAME |
: |
CHIA
LAY LING |
|
ADDRESS |
: |
|
|
POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
01/11/2011 |
|
NATIONALITY |
: |
|
|
I/C PASSPORT |
: |
S7242890J |
KEY PERSONNEL PROFILE
|
HU YEE CHENG |
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|
NRIC Number: |
S2205391D |
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Available Address: |
7 BROOKVALE DRIVE #03-20 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
BIZLINK EXHIBITION SERVICES
PTE. LTD. |
DIRECTOR |
11/06/2010 |
- |
- |
|
|
2 |
BLU INC MEDIA |
DIRECTOR |
01/05/2009 |
- |
- |
|
3 |
EXHIBITS INC PTE. LTD. |
DIRECTOR |
25/05/2010 |
- |
- |
|
4 |
FOCUS PUBLISHING LTD |
DIRECTOR |
31/03/2005 |
- |
0.00 |
|
5 |
SINGAPORE CENTRE FOR CHINESE
LANGUAGE LIMITED |
DIRECTOR |
01/03/2009 |
- |
- |
|
6 |
|
DIRECTOR |
19/07/2009 |
- |
- |
|
7 |
SINGAPORE CHINESE ORCHESTRA
COMPANY LIMITED |
DIRECTOR |
15/09/2004 |
- |
- |
|
8 |
|
DIRECTOR |
01/06/2006 |
- |
0.00 |
|
9 |
SPH BUZZ PTE. LTD. |
DIRECTOR |
01/02/2004 |
- |
- |
|
10 |
SPH DIGITAL MEDIA PTE. LTD. |
DIRECTOR |
13/05/2011 |
- |
- |
|
11 |
SPH MAGAZINES PTE. LTD. |
DIRECTOR |
01/02/2004 |
- |
- |
|
12 |
SPH UNIONWORKS PRIVATE LIMITED |
DIRECTOR |
01/02/2006 |
- |
- |
|
13 |
SPH ZETA PTE. LTD. |
DIRECTOR |
01/02/2004 |
- |
- |
|
14 |
SPHERE EXHIBITS PTE. LTD. |
DIRECTOR |
19/03/2008 |
- |
- |
|
15 |
SPHM PTE. LTD. |
DIRECTOR |
01/11/2011 |
- |
- |
|
16 |
THE STRAITS TIMES PRESS (1975)
LIMITED |
DIRECTOR |
15/07/2011 |
- |
0.00 |
|
17 |
TP VENTURES PTE. LTD. |
DIRECTOR |
30/11/2006 |
- |
- |
|
18 |
ZAOBAO.COM LTD |
DIRECTOR |
30/06/2005 |
- |
- |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known Inactive Date |
|
IPACS
COMPUTER SERVICES (S) PTE. LTD. |
IN LIQUIDATION - CREDITORS'
VOLUNTARY WINDING UP |
DIRECTOR |
10/10/2002 |
31/12/2003 |
|
|
2 |
IPACS
TECHNOLOGY PTE LTD |
IN LIQUIDATION - CREDITORS'
VOLUNTARY WINDING UP |
DIRECTOR |
10/10/2002 |
31/12/2003 |
|
3 |
MEDIACORP
PRESS LTD |
LIVE COMPANY |
DIRECTOR |
01/04/2007 |
08/11/2007 |
|
4 |
MEDIACORP
TV HOLDINGS PTE. LTD. |
LIVE COMPANY |
ALTERNATE DIRECTOR |
11/04/2006 |
- |
|
5 |
NCSI
HOLDINGS PTE LTD |
LIVE COMPANY |
DIRECTOR |
29/11/2002 |
31/12/2003 |
|
6 |
STRAITS
TIMES PRESS PTE. LTD. |
LIVE COMPANY |
DIRECTOR |
31/03/2005 |
10/09/2008 |
|
7 |
THE
TIMES PRESS FOUNDATION ( |
DISSOLVED - MEMBERS' VOLUNTARY
WINDING UP |
DIRECTOR |
26/06/2006 |
10/03/2009 |
Bankruptcy Record
|
Case
No. |
Year |
Date
of Filing |
Petitioner
Name |
Amount |
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|
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|
|
Litigation Search – Writ of Summons
|
Court |
Case No. |
Transfer |
Year |
Date
of Filing |
Amount |
Cause
Category |
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SUBSIDIARIES AND ASSOCIATE COMPANIES
|
Company |
Shareholdings (%) |
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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
there have been 1
litigation suits filed against Subject.
The details are as follows:
|
Court |
: |
Magistrate
Court |
|
|
|
Case
No. |
: |
17943 |
|
|
Transfer |
: |
- |
|
|
Date
of Filing |
: |
21/07/1998 |
|
|
Amount
|
: |
450.00 |
|
|
Cause |
: |
CONTRACTS-WORK
DONE & SERVICES RENDERED |
|
|
Case
Status |
: |
CONCLUDED |
|
|
Plaintiff |
: |
TAN
CHUAN DO |
|
|
Last
Update |
: |
29/09/1999 |
COMPLIANCE
|
Date of Last AGM |
: |
|
|
Date of Last AR |
: |
08/09/2011 |
|
Date of A/C Laid At Last AGM |
: |
30/06/2010 |
COMPLIANCE RATING FOR ANNUAL FILING
|
|
|
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 |
||||||
|
|
JUN 2010 |
% Change |
JUN 2009 |
JUN 2008 |
JUN 2007 |
JUN 2006 |
|
Currency |
SGD - SIN |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
|
|
|
|
|
|
|
16,479,508 |
-2.95 |
16,981,151 |
18,047,647 |
17,291,555 |
16,013,008 |
|
|
Profit/(Loss) Before Tax |
1,506,211 |
-67.28 |
4,602,772 |
(103,033) |
359,125 |
3,815,703 |
|
Profit After Tax attributable to
Shareholders |
1,532,303 |
-65.35 |
4,422,328 |
4,684 |
76,498 |
3,488,912 |
|
|
|
|
|
|
|
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|
Balance Sheet Key Figures |
|
|
|
|
|
|
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Total Assets |
15,204,597 |
37.20 |
11,082,016 |
16,624,284 |
15,013,460 |
18,000,765 |
|
Current Assets |
14,543,404 |
38.53 |
10,498,536 |
15,565,607 |
13,820,162 |
16,791,480 |
|
Non Current Assets |
661,193 |
13.32 |
583,480 |
1,058,677 |
1,193,298 |
1,209,285 |
|
|
|
|
|
|
|
|
|
Total Liabilities |
15,281,563 |
19.84 |
12,751,890 |
22,691,900 |
21,055,068 |
24,181,242 |
|
Current Liabilities |
15,281,563 |
20.49 |
12,682,938 |
19,563,779 |
19,797,669 |
20,142,109 |
|
Non Current Liabilities |
0 |
-100.00 |
68,952 |
3,128,121 |
1,257,399 |
4,039,133 |
|
|
|
|
|
|
|
|
|
Shareholders' Funds |
(76,966) |
NA |
(1,669,874) |
(6,067,616) |
(6,041,608) |
(6,180,477) |
|
Share Capital |
2 |
0.00 |
2 |
2 |
2 |
2 |
|
Total Reserves |
(76,968) |
NA |
(1,669,876) |
(6,067,618) |
(6,041,610) |
(6,180,479) |
FINANCIAL RATIOS
|
|
|||||
|
|
JUN
2010 |
JUN
2009 |
JUN
2008 |
JUN 2007 |
JUN
2006 |
|
Growth % |
|
|
|
|
|
|
-2.95 |
-5.91 |
4.37 |
7.98 |
NA |
|
|
|
|
|
|
|
|
|
Profitability |
|
|
|
|
|
|
Profit Margin (%) |
9.30 |
26.04 |
0.03 |
0.44 |
21.79 |
|
Return on Equity (%) |
-1,990.88 |
-264.83 |
-0.08 |
-1.27 |
-56.45 |
|
Return on Assets (%) |
10.08 |
39.91 |
0.03 |
0.51 |
19.38 |
|
|
|
|
|
|
|
|
Leverage |
|
|
|
|
|
|
Total Debt/Equity (Times) |
-198.55 |
-7.64 |
-3.74 |
-3.49 |
-3.91 |
|
Current Debt/Equity (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Long Term Debt To Equity (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Asset To Total Equity (Times) |
-197.55 |
-6.64 |
-2.74 |
-2.49 |
-2.91 |
|
|
|
|
|
|
|
|
Asset Management |
|
|
|
|
|
|
Total Assets Turnover (Times) |
1.08 |
1.53 |
1.09 |
1.15 |
0.89 |
|
Fixed Assets Turnover (Times) |
24.92 |
29.10 |
17.05 |
14.49 |
13.24 |
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
0.95 |
0.83 |
0.80 |
0.70 |
0.83 |
FINANCIAL COMMENTARY
Compound Annual Growth
Rate
The company's CAGR is 0.72% (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 company yielded a rate of
net profit on sales of 9.30 per cent in FY10 (FY09: 26.04 per cent). The
company is now able to book in SGD - SIN 0.09 of profit for every SGD - SIN of
sales in FY10, as compared with SGD - SIN 0.26 a year ago.
Liquidity
Current ratio stood at 0.95 times in FY10
(FY09: 0.83 times). This means that the company has SGD - SIN 0.95 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
We are unable to comment on
Subject's leverage.
Efficiency Ratio
We are unable to comment on Subject's return on equity.
Return on assets stood at 10.08 per cent (FY09: 39.91 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 1.08 times in FY10 (FY09: 1.53
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.55.50 |
|
|
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.69.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.