MIRA INFORM REPORT

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

EMERSON NETWORK POWER (SINGAPORE) PTE. LTD.

 

 

Formerly Known As :

LIEBERT FAR EAST PTE LTD

 

 

Registered Office :

151 Lorong Chuan #05-04 New Tech Park Singapore 556741

 

 

Country :

Singapore

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

07.12.1982

 

 

Com. Reg. No.:

198205102D

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Wholesale of Computer Hardware And Peripheral 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 31, 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

 

EMERSON NETWORK POWER (SINGAPORE) PTE. LTD.

 

 

EXECUTIVE SUMMARY

 

Company Name

:

EMERSON NETWORK POWER (SINGAPORE) PTE. LTD.

Registration No

:

198205102D

Date of Registration

:

07/12/1982

Former Name

:

1.LIEBERT PRODUCTS PTE. LTD. Eff. date : 07/12/1982 Eff. date : 07/12/1982

2.LIEBERT FAR EAST PTE LTD Eff. date : 26/09/1988 Eff. date : 26/09/1988

Date of Change of Name

:

13/11/2001

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

151 LORONG CHUAN #05-04 NEW TECH PARK SINGAPORE 556741

Date of Change of Address

:

23/07/2011

Contact No.

:

6467 2211

Fax No.

:

6467 0130

Website

:

www.emersonnetworkpower.com

Registered Activities

:

1. WHOLESALE OF COMPUTER HARDWARE AND PERIPHERAL EQUIPMENT

2. REPAIR AND MAINTENANCE OF COMPUTER HARDWARE, DATA PROCESSING EQUIPMENT AND COMPUTER PERIPHERALS

Issued Ordinary Capital*

:

$300,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 300,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$300,000.00 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

:

1

No. of Local Associates

:

NA

Auditor

:

KPMG LLP

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 126,982,732.80 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 39,244,921.60 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

1869 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

1968 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

1573 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

1026 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2008/2009)

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

Compounded Annual Growth Rate (CAGR)

:

20.06% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

LIEBERT CORPORATION

SHAREHOLDER ID

:

S82UF0072E

NATIONALITY

:

UNITED STATES

ADDRESS

:

1050 DEARBORN DR PO BOX 29186 COLUMBUS OHIO 43229 USA

NO. OF ORD SHARES

:

300,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

 

OFFICER DETAILS

 

NAME

:

CHARLES EUGENE HAYDEN

ADDRESS

:

5-G GRENVILLE HOUSE 1 MAGAZINE GAP ROAD CENTRAL HONG KONG

POSITION

:

DIRECTOR

DATE OF APPT

:

01/12/2000

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

700438061

 

NAME

:

STEPHEN JOHN SHELLEY

ADDRESS

:

153 CARTERS ROAD, GROSE VALE NSW 2753 AUSTRALIA

POSITION

:

DIRECTOR

DATE OF APPT

:

01/03/2006

NATIONALITY

:

AUSTRALIAN

I/C PASSPORT

:

E7596574

 

NAME

:

KONG KAI CHIU

ADDRESS

:

131 SERANGOON AVENUE 3 #03-04 CHILTERN PARK CONDOMINIUM SINGAPORE 556112

POSITION

:

DIRECTOR

DATE OF APPT

:

01/12/2010

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2600617A

 

NAME

:

TAN CHENG SIEW @ NUR FARAH TAN

ADDRESS

:

97 BEDOK NORTH AVENUE 4 #20-1513 SINGAPORE 460097

POSITION

:

SECRETARY

DATE OF APPT

:

06/06/2003

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S6920790A

 

KEY PERSONNEL PROFILE

 

Name:

CHARLES EUGENE HAYDEN

NRIC Number:

700438061

Available Address:

5-G GRENVILLE HOUSE 1 MAGAZINE GAP ROAD CENTRAL HONG KONG

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

EMERSON NETWORK POWER (SINGAPORE) PTE. LTD.

DIRECTOR

01/12/2000

-

-

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

Bankruptcy Record

 

(Status include petition filed, order made, discharge, annulment, set aside, rescinded and withdrawn)

 

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.

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

KNUERR PTE. LTD.

100

           

 

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

:

31/03/2012

Date of Last AR

:

18/04/2012

Date of A/C Laid At Last AGM

:

30/09/2011

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

SEP 2011

% Change

SEP 2010

SEP 2009

SEP 2008

SEP 2007

Currency

SINGAPORE, DOLLARS

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

126,982,733

36.95

92,722,817

81,241,078

87,738,926

61,124,073

Profit/(Loss) Before Tax

12,039,379

10.11

10,933,654

11,527,490

13,467,408

9,643,372

Profit After Tax attributable

 to Shareholders

11,145,472

16.00

9,608,489

10,337,280

12,272,583

9,266,129

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

71,014,560

12.78

62,965,443

49,661,419

43,412,453

31,248,557

Current Assets

68,168,934

13.13

60,255,570

44,561,360

40,885,208

28,508,581

Non Current Assets

2,845,626

5.01

2,709,873

5,100,059

2,527,245

2,739,976

 

 

 

 

 

 

 

Total Liabilities

31,769,638

13.66

27,950,331

19,651,008

21,174,103

15,062,233

Current Liabilities

31,769,638

13.66

27,950,331

19,651,008

20,969,115

14,863,684

Non Current Liabilities

0

NA

0

0

204,988

198,549

 

 

 

 

 

 

 

Shareholders' Funds

39,244,922

12.08

35,015,111

30,010,411

22,238,352

16,186,325

Share Capital

223,162

-8.95

245,093

261,050

248,512

270,332

Total Reserves

39,021,760

12.23

34,770,018

29,749,361

21,989,840

15,915,993

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

SEP 2011

SEP 2010

SEP 2009

SEP 2008

SEP 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

36.95

14.13

-7.41

43.54

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

8.78

10.36

12.72

13.99

15.16

Return on Equity (%)

28.40

27.44

34.45

55.19

57.25

Return on Assets (%)

15.69

15.26

20.82

28.27

29.65

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.81

0.80

0.65

0.95

0.93

Current Debt/Equity (Times)

0.81

0.80

0.65

0.94

0.92

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.01

0.01

Total Asset To Total Equity (Times)

1.81

1.80

1.65

1.95

1.93

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.79

1.47

1.64

2.02

1.96

Fixed Assets Turnover (Times)

44.62

34.22

15.93

34.72

22.31

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

2.15

2.16

2.27

1.95

1.92

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 20.06% (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 8.78 per cent in FY11 (FY10: 10.36 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.09 of profit for every SINGAPORE, DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.10 a year ago.

 

Liquidity

Current ratio stood at 2.15 times in FY11 (FY10: 2.16 times). This means that the company has SINGAPORE, DOLLARS 2.15 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 0.81 times in FY11, compared with 0.80 times in FY10. This means that the company requires additional external financing of SINGAPORE, DOLLARS 0.81 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 28.40 per cent for Subject in the current financial period, as compared to 27.44 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 15.69 per cent (FY10: 15.26 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 1.79 times in FY11 (FY10: 1.47 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.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.69

 

 

INFORMATION DETAILS

 

Report Prepared by :

SHG

 

 

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.