MIRA
INFORM REPORT
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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
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Name : |
GENNAL TECHNOLOGIES PTE. LTD. |
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Formerly Known As : |
GENNEN TECHNOLOGIES PTE. LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
18.03.2010 |
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Com. Reg. No.: |
201005802D |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Installation of Building Automated Systems for Remote Monitoring |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
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Company Name: |
Registered Number: |
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GENNAL TECHNOLOGIES PTE. LTD. |
201005802D |
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Date Incorporated: |
Registered Office: |
Telephone Number: |
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18/03/2010 |
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NA |
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Age of Company: |
Website: |
Industry Type: |
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2 |
NA |
SERVICES |
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Risk Dashboard |
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Days Beyond Terms |
Trend: |
No. of Litigation Counts: |
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Company DTC: |
NA |
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NA |
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The entity is
paying current to the creditors |
No. of Charges(s): |
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Industry DTC |
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35 Days |
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Directors |
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Corporate Structure |
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Number of
Current Directors |
1 |
Holding Company: |
Gennal Industries Pte Ltd |
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Number that are
shareholders |
2 |
No. of
Subsidiaries & Associated Companies: |
NA |
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Executive Summary
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: |
Gennal
Technologies Pte. Ltd. |
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Registration No |
: |
201005802D |
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Date of Registration |
: |
18/03/2010 |
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Former Name |
: |
1. GENNEN TECHNOLOGIES PTE. LTD. (Eff.
date : 18/03/2010) |
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Date of Change of Name |
: |
13/07/2011 |
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Type of Company |
: |
Limited Private Company |
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Registered Address |
: |
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Date of Change of Address |
: |
18/03/2010 |
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Business Address |
: |
No Trace |
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Contact No. |
: |
NA |
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Fax No. |
: |
NA |
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Website |
: |
NA |
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Registered Activities |
: |
Installation Of Building Automated Systems
For Remote Monitoring |
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Issued Ordinary Capital* |
: |
$300,000.00 |
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Issued Preference Capital |
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NA |
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Paid-Up Ordinary Capital |
: |
$300,000.00 |
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Paid-Up Preference Capital |
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NA |
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* Number of Shares includes number of
Issued Treasury Shares |
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Issued Treasury Capital |
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NA |
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Paid-Up Treasury Capital |
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NA |
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No. of Local Subsidiaries |
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NA |
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No. of Local Associates |
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NA |
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Holding Company |
: |
Gennal Industries Pte Ltd |
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Auditor |
: |
K Y Chik & Associates |
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Bankers / Financiers |
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NA |
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Turnover |
: |
$0.00 (FY2010) |
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Net Worth |
: |
$160,891.00 (FY2010) |
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No. of Bank Charges |
: |
NA |
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No. of Litigation Suits |
: |
NA |
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S1000 / SME 1000 / FG50 Ranking |
: |
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SHAREHOLDER DETAILS
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GENNAL INDUSTRIES PTE LTD |
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SHAREHOLDER ID |
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199801034K |
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NATIONALITY |
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ADDRESS |
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NO. OF ORD SHARES |
: |
270,000 |
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% OF SHAREHOLDING |
: |
90% |
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CURRENCY |
: |
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NAME |
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CHEN SOON KOK |
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SHAREHOLDER ID |
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S2569193H |
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NATIONALITY |
: |
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ADDRESS |
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32 CANBERRA DRIVE #14-28 YISHUN EMERALD |
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NO. OF ORD SHARES |
: |
30,000 |
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% OF SHAREHOLDING |
: |
10% |
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CURRENCY |
: |
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OFFICER DETAILS
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PECK
CHUAN YONG |
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ADDRESS |
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16
JALAN SEGAM |
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POSITION |
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SECRETARY |
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DATE OF APPT |
: |
18/03/2010 |
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NATIONALITY |
: |
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I/C PASSPORT |
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S1825164G |
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NAME |
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CHEN
SOON KOK |
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ADDRESS |
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32
CANBERRA DRIVE #14-28 YISHUN EMERALD |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
30/06/2011 |
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NATIONALITY |
: |
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I/C PASSPORT |
: |
S2569193H |
KEY PERSONNEL PROFILE
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CHEN SOON KOK |
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NRIC Number: |
S2569193H |
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Available Address: |
32 CANBERRA DRIVE #14-28
YISHUN EMERALD |
Current Business Interest
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No. |
Name |
Position |
Appt Date |
#of Share |
% |
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GENNAL TECHNOLOGIES PTE. LTD. |
DIRECTOR |
30/06/2011 |
30000 |
10.00 |
Previous Business
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No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
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MECCOM CORPORATION (S )
PRIVATE LIMITED |
STRUCK OFF |
DIRECTOR |
12/10/2004 |
- |
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2 |
MECCOM CORPORATION (S )
PRIVATE LIMITED |
STRUCK OFF |
SECRETARY |
12/10/2004 |
- |
Bankruptcy Record
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Case
No. |
Year |
Date
of Filing |
Petitioner
Name |
Amount |
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Litigation Search – Writ of Summons
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Court |
Case No. |
Transfer |
Year |
Date
of Filing |
Amount |
Cause
Category |
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SUBSIDIARIES AND ASSOCIATE COMPANIES IN S’PORE
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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
Clear
COMPLIANCE RECORDS
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Date of Last AR |
: |
09/07/2011 |
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Date of A/C Laid at Last AGM |
: |
31/12/2010 |
COMPLIANCE RATING FOR ANNUAL
FILING
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ANNUAL GENERAL MEETING,ANNUAL RETURN AND
ACCOUNTS UP-TO-DATE |
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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
Auditor’s Comments – True and Fair? Yes
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FINANCIAL YEAR
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18/03/2010 to 31/12/2010 $ |
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Turnover |
0 |
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Profit Before Tax and Minority Interest |
(139,109) |
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Profit After Tax and Minority Interest |
(139,109) |
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ASSETS |
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Current Assets |
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Non-current Assets |
0 |
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- Fixed Assets |
0 |
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- Intangible Assets |
0 |
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- Long-term Investments |
0 |
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Total Assets |
161,321 |
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LIABILITIES |
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Current Liabilities |
430 |
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Long-Term Liabilities |
0 |
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Total Liabilities |
430 |
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SHAREHOLDERS’ FUNDS |
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Share Capital |
300,000 |
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Share Premium |
0 |
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Retained Earnings |
(139,109) |
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Minority Interest |
0 |
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Other Reserves |
0 |
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Shareholders Funds |
160,891 |
FINANCIAL RATIOS
FINANCIAL COMMENTARY
Profitability
We are unable to comment on Subject's
profitability as Subject is making losses for the financial year in review.
Liquidity
Current ratio stood at 375.17 times in FY10. This means that the company has $375.17 of current assets for every dollar of current liability incurred. Subject's current ratio is noted to be higher than the industry norm for the sector in which the company is operating.
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 liabilities-to-equity
ratio notched 0.00 times in FY10. This means that the company requires
additional external financing of $0.00 for every dollar injected into its
operations. Subject's total liability-to-equity is noted to be lower than the
industry norm for the sector in which the company is operating.
Generally, a total liability-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.
We are unable to
comment on Subject's return on equity.
We are unable to comment on Subject's return
on assets.
We are unable to comment on Subject's total
assets turnover ratio.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.92 |
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|
1 |
Rs.88.91 |
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Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.