MIRA INFORM REPORT

 

 

Report Date :

19.11.2012

 

IDENTIFICATION DETAILS

 

Name :

BHP BILLITON MARKETING AG (SINGAPORE BRANCH)

 

 

Registered Office :

 

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

 

 

 

 

Country :

Singapore

 

 

 

 

Financials (as on) :

30.06.2011

 

 

 

 

Date of Incorporation :

28.04.2005

 

 

 

 

Com. Reg. No.:

T05FC6681H

 

 

 

 

Legal Form :

Foreign Company Registered In Singapore

 

 

 

 

Line of Business :

Marketing & Trading of Products, Commodities and Derivates of All Kinds

 

 

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Singapore

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SINGAPORE - ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

Source : CIA

 

Company Name:

Registered Number:

 

BHP BILLITON MARKETING AG (SINGAPORE BRANCH)

T05FC6681H

 

Date Incorporated:

Registered Office:

Telephone Number:

28/04/2005

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

NA

Age of Company:

Website:

Industry Type:

7

NA

FINANCE

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

NA

NA

The entity is paying current to the creditors

No. of Charges(s):
0

Industry DTC

 

22

 

Directors

 

Corporate Structure

Number of Current Directors

7

Holding Company:

NA

Number that are shareholders

NA

No. of Subsidiaries & Associated Companies:

NA

 

EXECUTIVE SUMMARY

 

Company Name

:

BHP BILLITON MARKETING AG (SINGAPORE BRANCH)

Registration No

:

T05FC6681H

Date of Registration

:

28/04/2005

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

FOREIGN COMPANY REGISTERED IN SINGAPORE

Registered Address

:

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

Date of Change of Address

:

30/04/2011

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

OTHER BUSINESS SUPPORT SERVICES ACTIVITIES NEC (EG ADMINISTRATION OF LOYALTY PROGRAMMES)

MARKETING & TRADING OF PRODUCTS, COMMODITIES AND DERIVATES OF ALL KINDS

Issued Ordinary Capital*

:

NA

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

NA

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

:

NA

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 42,946,565,401.00 (FY2011)

Net Worth

:

SGD - SIN (212,942,160.00) (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 1000

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

SHAREHOLDER DETAILS

 

No Trace

 

 

OFFICER DETAILS

 

NAME

:

TERENCE G.M. BRIANT

ADDRESS

:

METALLSTRASSE 8 6300 ZUG, SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

23/03/2000

NATIONALITY

:

BRITISH

I/C PASSPORT

:

761019753

 

NAME

:

PETER HEALY FINNIMORE

ADDRESS

:

LEUVENSESTRAAT 98, 2587 GL, THE HAGUE, THE NETHERLANDS

POSITION

:

DIRECTOR

DATE OF APPT

:

05/02/2009

NATIONALITY

:

AUSTRALIAN

I/C PASSPORT

:

E3049664

 

NAME

:

HANS WILLE

ADDRESS

:

ALFRED-ULRICH-STRASSE 8, CH 8702 ZOLLIKON SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

15/12/2000

NATIONALITY

:

SWISS

I/C PASSPORT

:

F0453971

 

NAME

:

ROLF MUELLER

ADDRESS

:

REBENWEG 24A, CH 6331 HUNENBERG SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

15/04/2002

NATIONALITY

:

SWISS

I/C PASSPORT

:

F1296856

 

NAME

:

MARTIN A. SCHERER

ADDRESS

:

ALTE LANDSTRASSE 99, CH 8800 THALWIL SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

21/02/2005

NATIONALITY

:

SWISS

I/C PASSPORT

:

F1592421

 

NAME

:

PIETER LE ROUX

ADDRESS

:

64 MERRYN ROAD DUNEARN ESTATE SINGAPORE 298512

POSITION

:

AGENT

DIRECTOR

DATE OF APPT

:

08/05/2008

28/07/2011

NATIONALITY

:

SOUTH AFRICAN

I/C PASSPORT

:

G5912770K

 

NAME

:

DAVID GRANT MARTIN

ADDRESS

:

1H LYNWOOD GROVE ONE LYNWOOD SINGAPORE 358682

POSITION

:

AGENT

DATE OF APPT

:

30/09/2010

NATIONALITY

:

AUSTRALIAN

I/C PASSPORT

:

G6036830P

 

 

 

NAME

:

MICHAEL PARRISH HENRY

ADDRESS

:

2 LEONIE HILL ROAD #17-04 LEONIE CONDOTEL SINGAPORE 239192

POSITION

:

DIRECTOR

DATE OF APPT

:

18/06/2007

NATIONALITY

:

BRITISH

I/C PASSPORT

:

G6465454W

 

 

KEY PERSONNEL PROFILE

 

Name:

TERENCE G.M. BRIANT

NRIC Number:

761019753

Available Address:

METALLSTRASSE 8 6300 ZUG, SWITZERLAND

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

BHP BILLITON FREIGHT SINGAPORE PTE. LTD.

DIRECTOR

05/07/2010

-

-

2

BHP BILLITON MARKETING AG (SINGAPORE BRANCH)

DIRECTOR

23/03/2000

-

-

 

 

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.

Transfer

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

:

27/09/2011

Date of Last AR

:

NA

Date of A/C Laid At Last AGM

:

30/06/2011
 

COMPLIANCE RATING FOR ANNUAL FILING

 

-

NOT APPLICABLE/COMPANY STATUS IS NOT LIVE

 

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

 

JUN 2011

% Change

JUN 2010

JUN 2009

JUN 2008

JUN 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

42,946,565,401

43.08

30,015,109,806

30,137,189,949

29,959,820,979

45,333,977,553

Profit/(Loss) Before Tax

1,188,244,867

56.76

757,994,865

632,233,205

586,028,609

1,163,526,203

Profit After Tax attributable

 to Shareholders

1,188,166,301

56.77

757,923,085

632,874,440

585,360,907

1,131,547,426

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

3,229,399,512

-7.78

3,501,721,525

2,438,172,324

5,496,939,399

5,461,745,060

Current Assets

3,218,208,367

-7.36

3,473,908,906

2,383,099,444

5,381,512,879

5,442,367,120

Non Current Assets

11,191,145

-59.76

27,812,619

55,072,880

115,426,520

19,377,940

 

 

 

 

 

 

 

Total Liabilities

3,442,341,673

-0.99

3,476,844,847

1,749,332,851

4,318,506,850

3,635,298,949

Current Liabilities

3,438,542,170

-0.58

3,458,501,551

1,664,195,272

4,203,317,672

3,635,298,949

Non Current Liabilities

3,799,503

-79.29

18,343,296

85,137,579

115,189,178

0

 

 

 

 

 

 

 

Shareholders' Funds

(212,942,160)

NA

24,876,679

688,839,474

1,178,432,548

1,826,446,110

Share Capital

0

NA

0

0

0

166,575,183

Total Reserves

(212,942,160)

NA

24,876,679

688,839,474

1,178,432,548

1,659,870,927

 

 

FINANCIAL RATIOS 

 

 

Company

 

JUN 2011

JUN 2010

JUN 2009

JUN 2008

JUN 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

43.08

-0.41

0.59

-33.91

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

2.77

2.53

2.10

1.95

2.50

Return on Equity (%)

-557.98

3,046.72

91.88

49.67

61.95

Return on Assets (%)

36.79

21.64

25.96

10.65

20.72

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

-16.17

139.76

2.54

3.66

1.99

Current Debt/Equity (Times)

0.00

139.03

2.42

3.57

1.99

Long Term Debt To Equity (Times)

0.00

0.74

0.12

0.10

0.00

Total Asset To Total Equity (Times)

-15.17

140.76

3.54

4.66

2.99

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

13.30

8.57

12.36

5.45

8.30

Fixed Assets Turnover (Times)

3,837.55

1,079.19

547.22

259.56

2,339.46

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

0.94

1.00

1.43

1.28

1.50

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 2.77 per cent in FY11 (FY10: 2.53 per cent). The company is now able to book in SGD - SIN 0.03 of profit for every SGD - SIN of sales in FY11, as compared with SGD - SIN 0.03 a year ago.

 

Liquidity

Current ratio stood at 0.94 times in FY11 (FY10: 1.00 times). This means that the company has SGD - SIN 0.94 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

We are unable to comment on Subject's leverage.

 

 

Efficiency Ratio

 

We are unable to comment on Subject's return on equity.

 

Return on assets stood at 36.79 per cent (FY10: 21.64 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 13.30 times in FY11 (FY10: 8.57 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.54.99

UK Pound

1

Rs.87.21

Euro

1

Rs.70.22

 

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.