MIRA INFORM REPORT

 

 

Report Date :

30.05.2012

 

IDENTIFICATION DETAILS

 

Name :

BHP BILLITON MARKETING ASIA PTE LTD

 

 

Formerly Known As :

BOWELL PTE LTD

 

 

Registered Office :

10 Marina Boulevard #50-01 Marina Bay Financial Centre Singapore 018983

 

 

Country :

Singapore

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

21.06.2001

 

 

Com. Reg. No.:

200104072W

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Business and Management Consultancy Services

 

 

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 :

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

:

BHP BILLITON MARKETING ASIA PTE LTD

Registration No

:

200104072W

Date of Registration

:

21/06/2001

Former Name

:

BOWELL PTE LTD Eff. date : 21/06/2001 Eff. date : 21/06/2001

Date of Change of Name

:

10/08/2001

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

10 MARINA BOULEVARD #50-01 MARINA BAY FINANCIAL CENTRE SINGAPORE 018983

Date of Change of Address

:

30/04/2011

Contact No.

:

6349 3333

Fax No.

:

6349 4000

Website

:

NA

Registered Activities

:

1. BUSINESS AND MANAGEMENT CONSULTANCY SERVICES

MKTING SUPPORT,MGT & ADMIN SVS, TECHNICAL,SCIENTIFIC,OPERATIONAL ADVICE

2. OTHER TRANSPORTATION SUPPORT ACTIVITIES NEC

LOGISTICS,PROCUREMENT & SUPPLY SVS

Issued Ordinary Capital*

:

$6,000,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 6,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$6,000,000.00 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

:

KPMG LLP

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 932,146,208.00 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 187,979,736.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 500 / FG50 Ranking

:

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

636 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2009/2010)

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

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

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

Compounded Annual Growth Rate (CAGR)

:

74.09% (4 years)

 

SHAREHOLDER DETAILS

 

NAME

:

BILLITON MARKETING HOLDING B.V.

SHAREHOLDER ID

:

T03UF0181A

NATIONALITY

:

NETHERLANDS

ADDRESS

:

VERHEESKADE 25, 2521 BE, THE HAGUE, THE NETHERLANDS

NO. OF ORD SHARES

:

6,000,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

CHRISTOPHER LUKE CROZIER

ADDRESS

:

33 DEVONSHIRE ROAD SINGAPORE 239852

POSITION

:

DIRECTOR

DATE OF APPT

:

30/09/2010

NATIONALITY

:

AUSTRALIAN

I/C PASSPORT

:

G5732069P

 

NAME

:

PIETER LE ROUX

ADDRESS

:

64 MERRYN ROAD DUNEARN ESTATE SINGAPORE 298512

POSITION

:

DIRECTOR

DATE OF APPT

:

01/11/2011

NATIONALITY

:

SOUTH AFRICAN

I/C PASSPORT

:

G5912770K

 

NAME

:

DAVID GRANT MARTIN

ADDRESS

:

1H LYNWOOD GROVE ONE LYNWOOD SINGAPORE 358682

POSITION

:

DIRECTOR

DATE OF APPT

:

08/04/2008

NATIONALITY

:

AUSTRALIAN

I/C PASSPORT

:

G6036830P

 

NAME

:

LOW SIEW TIAN

ADDRESS

:

453 TAMPINES STREET 42 #11-204 SINGAPORE 520453

POSITION

:

SECRETARY

DATE OF APPT

:

15/09/2010

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S6963151G

 

NAME

:

CHAN LAI YIN

ADDRESS

:

26 SIMEI STREET 1 #11-08 MELVILLE PARK SINGAPORE 529947

POSITION

:

SECRETARY

DATE OF APPT

:

15/09/2010

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7480587F

 

 

KEY PERSONNEL PROFILE

 

Name:

DAVID GRANT MARTIN

NRIC Number:

G6036830P

Available Address:

1H LYNWOOD GROVE ONE LYNWOOD  SINGAPORE 358682

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

BHP BILLITON FREIGHT SINGAPORE PTE. LTD.

DIRECTOR

01/11/2011

-

-

2

BHP BILLITON MARKETING AG (SINGAPORE BRANCH)

AGENT

30/09/2010

-

-

3

BHP BILLITON MARKETING ASIA PTE LTD

DIRECTOR

08/04/2008

-

-

 

 

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

 

Clear

 

 

COMPLIANCE

 

Date of Last AGM

:

30/09/2011

Date of Last AR

:

24/10/2011

Date of A/C Laid At Last AGM

:

30/06/2011

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

JUN 2011

% Change

JUN 2010

JUN 2009

JUN 2008

JUN 2007

Currency

SINGAPORE, DOLLARS

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

932,146,208

41.19

660,229,165

446,123,787

212,360,067

101,481,014

Profit/(Loss) Before Tax

87,898,272

50.12

58,552,735

41,074,285

18,587,843

9,416,382

Profit After Tax attributable to Shareholders

73,681,328

53.01

48,155,902

34,346,449

15,269,508

7,465,635

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

548,825,816

56.75

350,117,262

234,900,538

142,047,934

65,784,921

Current Assets

465,888,920

37.54

338,723,954

223,189,554

134,539,557

61,946,824

Non Current Assets

82,936,896

627.94

11,393,308

11,710,984

7,508,377

3,838,097

 

 

 

 

 

 

 

Total Liabilities

360,846,080

60.22

225,218,742

154,891,375

97,555,934

34,203,809

Current Liabilities

355,813,864

59.95

222,447,473

152,256,000

95,018,708

34,203,809

Non Current Liabilities

5,032,216

81.59

2,771,269

2,635,375

2,537,226

0

 

 

 

 

 

 

 

Shareholders' Funds

187,979,736

50.51

124,898,520

80,009,162

44,492,001

31,581,112

Share Capital

4,377,912

-8.49

4,783,923

4,987,550

4,859,393

5,251,607

Total Reserves

183,601,824

52.86

120,114,597

75,021,612

39,632,608

26,329,505

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

JUN 2011

JUN 2010

JUN 2009

JUN 2008

JUN 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

41.19

47.99

110.08

109.26

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

7.90

7.29

7.70

7.19

7.36

Return on Equity (%)

39.20

38.56

42.93

34.32

23.64

Return on Assets (%)

13.43

13.75

14.62

10.75

11.35

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.92

1.80

1.94

2.19

1.08

Current Debt/Equity (Times)

1.89

1.78

1.90

2.14

1.08

Long Term Debt To Equity (Times)

0.03

0.02

0.03

0.06

0.00

Total Asset To Total Equity (Times)

2.92

2.80

2.94

3.19

2.08

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.70

1.89

1.90

1.49

1.54

Fixed Assets Turnover (Times)

11.24

57.95

38.09

28.28

26.44

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.31

1.52

1.47

1.42

1.81

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 74.09% (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 7.90 per cent in FY11 (FY10: 7.29 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.08 of profit for every SINGAPORE, DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.07 a year ago.

 

Liquidity

 

Current ratio stood at 1.31 times in FY11 (FY10: 1.52 times). This means that the company has SINGAPORE, DOLLARS 1.31 of current assets for every SINGAPORE, DOLLARS of current liability incurred.

 

FINANCIAL COMMENTARY

 

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 1.92 times in FY11, compared with 1.80 times in FY10. This means that the company requires additional external financing of SINGAPORE, DOLLARS 1.92 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 39.20 per cent for Subject in the current financial period, as compared to 38.56 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.

FINANCIAL COMMENTARY

 

Return on assets stood at 13.43 per cent (FY10: 13.75 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 1.70 times in FY11 (FY10: 1.89 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.55.58

UK Pound

1

Rs.87.14

Euro

1

Rs.69.73

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.