MIRA INFORM REPORT

 

 

Report Date :

17.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ALUZINC ASIA PTE. LTD

 

 

Registered Office :

1 George Street #21-06 Singapore 049145

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

28.08.2007

 

 

Com. Reg. No.:

200715853r

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade (Including General Importers And Exporters)

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – 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:

ALUZINC ASIA PTE. LTD.

200715853R

 

Date Incorporated:

Registered Office:

Telephone Number:

28/08/2007

1 GEORGE STREET #21-06 SINGAPORE 049145

6491 1354

Age of Company:

Website:

Industry Type:

5

http://www.aluzinc-asia.com

COMMERCE-WHOLESALE

 

Credit Assessment

 

 

Risk Dashboard

Risk & Rating

Days Beyond Terms

Trend:

No. of Litigation Counts:

 

Company DTC:

NA

 

15 Days

Credit Rating:

Payment pattern as per previous month

No. of Charges(s):
7

 

Industry DTC

 

28 Days

 

Directors

 

Corporate Structure

Number of Current Directors

8

Holding Company:

ALUZINC AG

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

EXECUTIVE SUMMARY

 

Company Name

:

ALUZINC ASIA PTE. LTD.

Registration No

:

200715853R

Date of Registration

:

28/08/2007

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

1 GEORGE STREET #21-06 SINGAPORE 049145

Date of Change of Address

:

10/03/2012

Contact No.

:

6491 1354

Fax No.

:

6223 9354

Website

:

http://www.aluzinc-asia.com

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

GENERAL TRADING

Issued Ordinary Capital*

:

$2,742,853.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 2,742,853

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$2,742,853.00 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

:

DELOITTE & TOUCHE LLP

Bankers / Financiers

:

CITIBANK N.A.

BNP PARIBAS

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

OVERSEA-CHINESE BANKING CORPORATION LIMITED

Turnover

:

SGD - SIN 95,301,582.00 (FY2010)

Net Worth

:

SGD - SIN 2,813,930.00 (FY2010)

No. of Bank Charges

:

7

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

1841 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

SHAREHOLDER DETAILS

 

NAME

:

ALUZINC AG

SHAREHOLDER ID

:

T07UF2690L

NATIONALITY

:

LIECHTENSTEIN

ADDRESS

:

LANDSTRASSE 107  P.O. BOX 742 LL-9490 VADUZ, LIECHTENSTEIN

NO. OF ORD SHARES

:

2,742,853

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

ECKSTEIN ALFRED

ADDRESS

:

BRUNNENSTRASSE 14, CH-8033 BASERSDORF, SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

28/08/2007

NATIONALITY

:

SWISS

I/C PASSPORT

:

F1101824

 

NAME

:

NAVIN RAVINDRAN

ADDRESS

:

22 FERNWOOD TERRACE #06-02 SINGAPORE 458553

POSITION

:

DIRECTOR

DATE OF APPT

:

15/03/2011

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G5102308R

 

NAME

:

SEAH SIEW YIAN

ADDRESS

:

433 BUKIT PANJANG RING ROAD #03-625 SINGAPORE 670433

POSITION

:

SECRETARY

DATE OF APPT

:

28/08/2007

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1670866F

 

NAME

:

LOOI MEE CHING

ADDRESS

:

299B COMPASSVALE STREET #08-96 SINGAPORE 542299

POSITION

:

SECRETARY

DATE OF APPT

:

31/08/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7077808D

 

NAME

:

RAJESH BALASUBRAMANIAN

ADDRESS

:

9 TANJONG RHU ROAD #06-01 WATERSIDE, THE SINGAPORE 436894

POSITION

:

DIRECTOR

DATE OF APPT

:

05/06/2008

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7169662F

 

 

KEY PERSONNEL PROFILE

 

Name:

ECKSTEIN ALFRED

NRIC Number:

F1101824

Available Address:

BRUNNENSTRASSE 14, CH-8033 BASERSDORF, SWITZERLAND

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

ALUZINC ASIA PTE. LTD.

DIRECTOR

28/08/2007

-

-

2

METALEXAG PTE. LTD.

DIRECTOR

28/08/2007

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

 

Court

Case No.

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 have been 7 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201116157

 

Date of Registration

:

22/12/2011

 

Chargee

:

CITIBANK N.A.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

3 TEMASEK AVENUE #12-00 CENTENNIAL TOWER SINGAPORE 039190

 

2)

Charge No.

:

C201116069

 

Date of Registration

:

21/12/2011

 

Chargee

:

BNP PARIBAS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

20 COLLYER QUAY #01-01 TUNG CENTRE SINGAPORE 049319

 

3)

Charge No.

:

C201116059

 

Date of Registration

:

21/12/2011

 

Chargee

:

BNP PARIBAS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

20 COLLYER QUAY #01-01 TUNG CENTRE SINGAPORE 049319

 

4)

Charge No.

:

C201010998

 

Date of Registration

:

18/11/2010

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

5)

Charge No.

:

C201005503

 

Date of Registration

:

01/07/2010

 

Chargee

:

OVERSEA-CHINESE BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

65 CHULIA STREET #26-00 OCBC CENTRE SINGAPORE 049513

 

6)

Charge No.

:

C201005501

 

Date of Registration

:

01/07/2010

 

Chargee

:

OVERSEA-CHINESE BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

65 CHULIA STREET #26-00 OCBC CENTRE SINGAPORE 049513

 

 

7)

Charge No.

:

C201000056

 

Date of Registration

:

04/01/2010

 

Chargee

:

CITIBANK N.A.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

3 TEMASEK AVENUE #12-00 CENTENNIAL TOWER SINGAPORE 039190

 

 

LITIGATION

 

Clear

 

 

COMPLIANCE

 

Date of Last AGM

:

30/06/2011

Date of Last AR

:

04/07/2011

Date of A/C Laid At Last AGM

:

31/12/2010
 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

 

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 2010

% Change

JAN 2009

Currency

SGD - SIN

 

SGD - SIN

Profit and Loss Key Figures

 

 

 

Turnover

95,301,582

728.08

11,508,758

Profit/(Loss) Before Tax

1,491,638

6,287.90

23,351

Profit After Tax attributable

 to Shareholders

1,272,328

5,605.76

22,299

 

 

 

 

Balance Sheet Key Figures

 

 

 

Total Assets

20,199,449

434.32

3,780,406

Current Assets

20,103,383

432.80

3,773,140

Non Current Assets

96,066

1,222.13

7,266

 

 

 

 

Total Liabilities

17,385,519

391.30

3,538,660

Current Liabilities

17,372,166

390.92

3,538,660

Non Current Liabilities

13,353

NA

0

 

 

 

 

Shareholders' Funds

2,813,930

1,064.00

241,747

Share Capital

1,541,602

602.49

219,448

Total Reserves

1,272,328

5,605.76

22,299

 

 

 

 

 

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2010

JAN 2009

Growth %

 

 

Year-on-Year Growth

728.08

NA

 

 

 

Profitability

 

 

Profit Margin (%)

1.34

0.19

Return on Equity (%)

45.22

9.22

Return on Assets (%)

6.30

0.59

 

 

 

Leverage

 

 

Total Debt/Equity (Times)

6.18

14.64

Current Debt/Equity (Times)

6.17

14.64

Long Term Debt To Equity (Times)

0.00

0.00

Total Asset To Total Equity (Times)

7.18

15.64

 

 

 

Asset Management

 

 

Total Assets Turnover (Times)

4.72

3.04

Fixed Assets Turnover (Times)

992.04

1,583.92

 

 

 

Liquidity

 

 

Current Ratio (Times)

1.16

1.07

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 1.34 per cent in FY10 (FY09: 0.19 per cent). The company is now able to book in SGD - SIN 0.01 of profit for every SGD - SIN of sales in FY10, as compared with SGD - SIN 0.00 a year ago.

 

 

Liquidity

 

Current ratio stood at 1.16 times in FY10 (FY09: 1.07 times). This means that the company has SGD - SIN 1.16 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

Total debt-to-equity ratio notched 6.18 times in FY10, compared with 14.64 times in FY09. This means that the company requires additional external financing of SGD - SIN 6.18 for every SGD - SIN 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 45.22 per cent for Subject in the current financial period, as compared to 9.22 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 6.30 per cent (FY09: 0.59 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 4.72 times in FY10 (FY09: 3.04 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.54.29

UK Pound

1

Rs.86.61

Euro

1

Rs.68.87

 

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%)

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.