MIRA INFORM REPORT

 

 

Report Date :

29.11.2012

 

IDENTIFICATION DETAILS

 

Name :

ENTERPRISE ADVANCED SYSTEM INTELLIGENCE PTE. LTD.

 

 

Registered Office :

623 Aljunied Road #07-01 Aljunied Industrial Complex Singapore 389835

 

 

Country :

Singapore

 

 

Financials (as on) :

December, 2011

 

 

Date of Incorporation :

22.07.2005

 

 

Com. Reg. No.:

200510152N

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Development of Other Software and Programming Activities Nec

Computer Systems Integration Activities

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Slow

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:

ENTERPRISE ADVANCED SYSTEM INTELLIGENCE PTE. LTD.

200510152N

 

Date Incorporated:

Registered Office:

Telephone Number:

22/07/2005

623 ALJUNIED ROAD #07-01 ALJUNIED INDUSTRIAL COMPLEX SINGAPORE 389835

63388995

Age of Company:

Website:

Industry Type:

7

www.EPTconsulting.com

INFORMATION & COMMUNICATIONS

 

 

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

 

39

 

Directors

 

Corporate Structure

Number of Current Directors

3

Holding Company:

EASI (M) SDN. BHD.

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

 

 

EXECUTIVE SUMMARY

 

Company Name

:

ENTERPRISE ADVANCED SYSTEM INTELLIGENCE PTE. LTD.

Registration No

:

200510152N

Date of Registration

:

22/07/2005

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

623 ALJUNIED ROAD #07-01 ALJUNIED INDUSTRIAL COMPLEX SINGAPORE 389835

Date of Change of Address

:

20/01/2009

Contact No.

:

63388995

Fax No.

:

6338 8995

Website

:

www.EPTconsulting.com

Registered Activities

:

1. DEVELOPMENT OF OTHER SOFTWARE AND PROGRAMMING ACTIVITIES NEC

2. COMPUTER SYSTEMS INTEGRATION ACTIVITIES

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

:

NA

No. of Local Associates

:

NA

Auditor

:

AUDIT ALLIANCE LLP

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 1,395,665.00 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 344,985.00 (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)

:

5.96% (4 years)

 

 

 

SHAREHOLDER DETAILS

 

NAME

:

EASI (M) SDN. BHD.

SHAREHOLDER ID

:

T05UF2517H

NATIONALITY

:

MALAYSIA

ADDRESS

:

17TH FLR WISMA JERNEH, 38 JALAN SULTAN ISMAIL 50250 KUALA LUMPUR, MALAYSIA

NO. OF ORD SHARES

:

300,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

IRVING CHEE HUAN TONG

ADDRESS

:

NO.46 JLN SS2/97 47300 PETALING JAYA SELANGOR DARULEHSAN MALAYSIA

POSITION

:

DIRECTOR

DATE OF APPT

:

01/10/2005

NATIONALITY

:

MALAYSIAN

I/C PASSPORT

:

A11750712

 

NAME

:

HENG BENG FATT

ADDRESS

:

48-4-3 VILLA MEWAH APTS, JLN PERKASA SALAK STH GARDEN 57100 KL MALAYSIA

POSITION

:

DIRECTOR

DATE OF APPT

:

01/10/2005

NATIONALITY

:

MALAYSIAN

I/C PASSPORT

:

A12081178

 

NAME

:

CHAN KOK CHEE

ADDRESS

:

204 CLEMENTI AVENUE 6 #08-11 SINGAPORE 120204

POSITION

:

DIRECTOR

DATE OF APPT

:

22/07/2005

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1556502J

 

NAME

:

LEUNG KIN MAN STEVE

ADDRESS

:

652 PUNGGOL CENTRAL #11-312 SINGAPORE 820652

POSITION

:

SECRETARY

 

DATE OF APPT

:

20/01/2009

 

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2698476I

 

 

 

KEY PERSONNEL PROFILE

 

Name:

IRVING CHEE HUAN TONG

NRIC Number:

A11750712

Available Address:

NO.46 JLN SS2/97 47300 PETALING JAYA SELANGOR DARULEHSAN MALAYSIA

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

ENTERPRISE ADVANCED SYSTEM INTELLIGENCE PTE. LTD.

DIRECTOR

01/10/2005

-

-

 

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

GOLDEN ACCESS PTE. LTD.

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

17/10/2002

-

 

 

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.

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

:

16/06/2012

Date of Last AR

:

28/06/2012

Date of A/C Laid At Last AGM

:

31/12/2011
 

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).

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2011

% Change

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Currency

SINGAPORE, DOLLARS

 

SINGAPORE, DOLLARS

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

1,395,665

-25.55

1,874,600

1,597,108

1,394,200

1,107,262

Profit/(Loss) Before Tax

(97,084)

NA

(37,559)

115,467

37,459

49,763

Profit After Tax attributable

 to Shareholders

(91,137)

NA

(37,388)

105,132

34,486

49,763

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

720,550

-3.07

743,397

877,463

715,804

627,453

Current Assets

699,812

-1.62

711,327

828,995

655,982

562,630

Non Current Assets

20,738

-35.34

32,070

48,468

59,822

64,823

 

 

 

 

 

 

 

Total Liabilities

375,565

-32.61

557,275

653,952

597,425

543,560

Current Liabilities

364,773

-32.66

541,679

633,445

572,319

515,230

Non Current Liabilities

10,792

-30.80

15,596

20,507

25,106

28,330

 

 

 

 

 

 

 

Shareholders' Funds

344,985

85.35

186,122

223,511

118,379

83,893

Share Capital

300,000

500.00

50,000

50,000

50,000

50,000

Total Reserves

44,985

-66.95

136,122

173,511

68,379

33,893

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

-25.55

17.37

14.55

25.91

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

-6.53

-1.99

6.58

2.47

4.49

Return on Equity (%)

-26.42

-20.09

47.04

29.13

59.32

Return on Assets (%)

-12.65

-5.03

11.98

4.82

7.93

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.09

2.99

2.93

5.05

6.48

Current Debt/Equity (Times)

1.06

2.91

2.83

4.83

6.14

Long Term Debt To Equity (Times)

0.03

0.08

0.09

0.21

0.34

Total Asset To Total Equity (Times)

2.09

3.99

3.93

6.05

7.48

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.94

2.52

1.82

1.95

1.76

Fixed Assets Turnover (Times)

67.30

58.45

32.95

23.31

17.08

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.92

1.31

1.31

1.15

1.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 5.96% (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

We are unable to comment on Subject's profitability.

 

 

Liquidity

 

Current ratio stood at 1.92 times in FY11 (FY10: 1.31 times). This means that the company has SINGAPORE, DOLLARS 1.92 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.

Leverage

Total debt-to-equity ratio notched 1.09 times in FY11, compared with 2.99 times in FY10. This means that the company requires additional external financing of SINGAPORE, DOLLARS 1.09 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

 

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

 

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

 

Total assets turnover ratio logged at 1.94 times in FY11 (FY10: 2.52 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.55.70

UK Pound

1

Rs.89.34

Euro

1

Rs.72.35

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.