MIRA INFORM REPORT

 

 

Report Date :

18.05.2012

 

IDENTIFICATION DETAILS

 

Name :

JUKI SINGAPORE PTE LTD

 

 

Registered Office :

20 Bendemeer Road #04-12 Cyberhub Singapore 339914

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

17.03.1995

 

 

Com. Reg. No.:

199501853K

 

 

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 :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Exist

 

 

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

 

 

 

 

 

 

 

 

Executive Summary

 

Company Name

:

JUKI SINGAPORE PTE LTD

Registration No

:

199501853K

Date of Registration

:

17/03/1995

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

20 BENDEMEER ROAD #04-12 SINGAPORE 339914

Date of Change of Address

:

11/01/2003

Contact No.

:

6553 4388

Fax No.

:

6552 5565

Website

:

www.juki.com.sg

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$13,000,000.00 SINGAPORE, DOLLARS, NO. OF SHARE : 13,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$13,000,000.00 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

:

DELOITTE & TOUCHE LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 254,077,870.00 (FY2010)

Net Worth

:

SGD - SIN 16,805,013.00 (FY2010)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

1

S1000 / SME 500 / FG50 Ranking

:

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

1155 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

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

675 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2007/2008)

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

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

SHAREHOLDER DETAILS

 

NAME

:

JUKI CORPORATION

SHAREHOLDER ID

:

S95UF0314B

NATIONALITY

:

JAPAN

ADDRESS

:

8-2-1 KOKURYO-CHO CHOUFU-SHI TOKYO 182 JAPAN

NO. OF ORD SHARES

:

13,000,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

MINORU NITTA

ADDRESS

:

2 AKYAB ROAD #12-03 ZEDGE SINGAPORE 309973

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

01/02/2011

01/10/2011

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

G5102673Q

 

NAME

:

ATSUSHI TAKAHASHI

ADDRESS

:

APARTMENT PAVILION, TOWER II #2101 JL. K. H. MAS MANSYUR KAV-24, JAKARTA-PUSAT 10220, INDONESIA

POSITION

:

DIRECTOR

DATE OF APPT

:

01/12/2009

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

MS1063164

 

NAME

:

LEE SIEW JEE JENNIFER

ADDRESS

:

2 ENG KONG ROAD SINGAPORE 599081

POSITION

:

SECRETARY

DATE OF APPT

:

30/08/2007

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1336064B

 

NAME

:

LOOI KAM HONG @ LOOI AHA HONG

ADDRESS

:

137 SUNSET WAY #08-14 CLEMENTI PARK SINGAPORE 597159

POSITION

:

DIRECTOR

DATE OF APPT

:

01/12/1996

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2530975H

 

NAME

:

RYUZO NAKAGAWA

ADDRESS

:

ROOM 3E, SHERWOOD RESIDENCE 127 PASTEUR ST., DIST. 3, HO CHI MINH CITY, VIETNAM

POSITION

:

DIRECTOR

DATE OF APPT

:

01/02/2011

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

TZ0666102

 

NAME

:

TOSHIHIKO KUMAGAI

ADDRESS

:

HOUSE #36, ROAD #18, BLOCK-B, BANANI DHAKA, BANGLADESH

POSITION

:

DIRECTOR

DATE OF APPT

:

01/02/2011

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

TZ0682897

 

 

KEY PERSONNEL PROFILE

 

Name:

MINORU NITTA

NRIC Number:

G5102673Q

Available Address:

2 AKYAB ROAD #12-03 ZEDGE  SINGAPORE 309973

 

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

JUKI SINGAPORE PTE LTD

DIRECTOR

01/02/2011

-

-

 

 

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 are no bank charges registered against Subject by its bankers.

 

 

LITIGATION

 

There have been 1 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2012

Past Years

Bef 01 Jan 2012

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

1

District ($80,000 - $250,000)

0

0

High (>$250,000)

0

0

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Magistrate Court

 

Case No.

:

10686

 

Date of Filing

:

28/03/2003

 

Amount

:

3,163.75

 

Cause

:

Miscellaneous

 

Case Status

:

CONCLUDED

 

Plaintiff

:

ATTLEE HUE KUAN YEW

 

Last Update Date

:

17/09/2004

 

 

COMPLIANCE

 

Date of Last AGM

:

26/07/2011

Date of Last AR

:

18/08/2011

Date of A/C Laid At Last AGM

:

31/12/2010

 

 

 FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2010

% Change

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

254,077,870

47.00

172,840,089

210,817,663

257,948,328

286,890,370

Profit/(Loss) Before Tax

1,825,823

177.57

657,791

409,108

244,848

115,853

Profit After Tax attributable to Shareholders

1,398,169

293.94

354,917

283,537

170,998

23,965

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

164,877,421

35.67

121,529,071

166,410,848

148,008,356

140,542,907

Current Assets

163,122,886

36.42

119,577,978

164,315,274

146,845,943

139,568,042

Non Current Assets

1,754,535

-10.07

1,951,093

2,095,574

1,162,413

974,865

 

 

 

 

 

 

 

Total Liabilities

148,072,408

40.95

105,053,593

150,779,488

131,663,701

123,490,310

Current Liabilities

148,072,408

40.95

105,053,593

150,779,488

131,663,701

123,490,310

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

16,805,013

2.00

16,475,479

15,631,361

16,344,656

17,052,597

Share Capital

10,994,561

-6.49

11,757,155

11,400,368

12,140,815

12,800,593

Total Reserves

5,810,452

23.15

4,718,324

4,230,993

4,203,841

4,252,004

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2010

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Growth %

 

 

 

 

 

Year-on-Year Growth

47.00

-18.01

-18.27

-10.09

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.55

0.21

0.13

0.07

0.01

Return on Equity (%)

8.32

2.15

1.81

1.05

0.14

Return on Assets (%)

0.85

0.29

0.17

0.12

0.02

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

8.81

6.38

9.65

8.06

7.24

Current Debt/Equity (Times)

8.81

6.38

9.65

8.06

7.24

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

9.81

7.38

10.65

9.06

8.24

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.54

1.42

1.27

1.74

2.04

Fixed Assets Turnover (Times)

144.81

88.59

100.60

221.91

294.29

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.10

1.14

1.09

1.12

1.13

 

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 0.55 per cent in FY10 (FY09: 0.21 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 1.10 times in FY10 (FY09: 1.14 times). This means that the company has SGD - SIN 1.10 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 8.81 times in FY10, compared with 6.38 times in FY09. This means that the company requires additional external financing of SGD - SIN 8.81 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 8.32 per cent for Subject in the current financial period, as compared to 2.15 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 0.85 per cent (FY09: 0.29 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 1.54 times in FY10 (FY09: 1.42 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.