MIRA INFORM REPORT

 

 

Report Date :

03.04.2013

 

IDENTIFICATION DETAILS

 

Name :

RAFFEMET PTE LTD

 

 

Formerly Known as:

NONFEMET COMMODITY PTE LTD

 

 

Registered Office :

16 Collyer Quay #33-02 Singapore 049318

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

18.05.1995

 

 

Com. Reg. No.:

199503410C

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Wholesale of other specific commodities

Trading and broking of metal products

 

 

No. of Employees :

Not available 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

-

Status :

Good

 

 

Payment Behaviour :

Regular 

 

 

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:

RAFFEMET PTE LTD

199503410C

 

Date Incorporated:

Registered Office:

Telephone Number:

18/05/1995

16 COLLYER QUAY #33-02 SINGAPORE 049318

6324 0801

Age of Company:

Website:

Industry Type:

18

www.raffemet.com.sg

COMMERCE-WHOLESALE

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

NA

3

Payment pattern as per previous month

No. of Charges(s):
43

Industry DTC

 

25

 

Directors

 

Corporate Structure

Number of Current Directors

2

Holding Company:

TOLSTAR INVESTMENTS PTE LTD

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

 

EXECUTIVE SUMMARY

 

Company Name

:

RAFFEMET PTE LTD

Registration No

:

199503410C

Date of Registration

:

18/05/1995

Former Name

:

NONFEMET COMMODITY PTE LTD Eff. date : 18/05/1995 Eff. date : 18/05/1995

Date of Change of Name

:

02/04/1998

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

16 COLLYER QUAY #33-02 SINGAPORE 049318

Date of Change of Address

:

19/07/2003

Contact No.

:

6324 0801

Fax No.

:

6324 0802

Website

:

www.raffemet.com.sg

Registered Activities

:

1. WHOLESALE OF OTHER SPECIFIC COMMODITIES NEC

TRADING AND BROKING OF METAL PRODUCTS

2. GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$4,000,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 4,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$4,000,000.00 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

:

CHINA CONSTRUCTION BANK CORPORATION

BANK OF CHINA LIMITED

STANDARD CHARTERED BANK

SOCIETE GENERALE

CITIC BANK INTERNATIONAL LIMITED SINGAPORE BRANCH

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")

MIZUHO CORPORATE BANK,LTD

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. SINGAPORE BRANCH

FORTIS BANK (NEDERLAND) N.V. SINGAPORE BRANCH

NATIXIS

BNP PARIBAS

ING BANK N.V.

Turnover

:

SGD - SIN 6,946,300,768.00 (FY2011)

Net Worth

:

SGD - SIN 93,742,887.00 (FY2011)

No. of Bank Charges

:

43

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

621 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2011/2012)

70 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2011/2012)

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

948 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2010/2011)

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

Compounded Annual Growth Rate (CAGR)

:

105.74% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

TOLSTAR INVESTMENTS PTE LTD

SHAREHOLDER ID

:

199705369H

NATIONALITY

:

SINGAPORE

ADDRESS

:

16 COLLYER QUAY #33-02 SINGAPORE 049318

NO. OF ORD SHARES

:

4,000,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

TAN CHING CHEK

ADDRESS

:

286 YISHUN AVENUE 6 #12-100 SINGAPORE 760286

POSITION

:

SECRETARY

DATE OF APPT

:

31/12/2004

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1397070Z

 

NAME

:

LO SWEE OI

ADDRESS

:

135 CASHEW ROAD #10-129 SINGAPORE 670135

POSITION

:

SECRETARY

DATE OF APPT

:

31/12/2004

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1611477D

 

NAME

:

LEE SENG CHEONG

ADDRESS

:

41 LUCKY VIEW SINGAPORE 467473

POSITION

:

DIRECTOR

DATE OF APPT

:

13/07/2006

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2513092H

 

NAME

:

WU WEIMIN

ADDRESS

:

15A BALMORAL ROAD #12-06 BELMOND GREEN SINGAPORE 259816

POSITION

:

DIRECTOR

DATE OF APPT

:

04/01/1999

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2677613I

 

 

KEY PERSONNEL PROFILE

 

Name:

WU WEIMIN

NRIC Number:

S2677613I

Available Address:

15A BALMORAL ROAD #12-06 BELMOND GREEN  SINGAPORE 259816

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

RAFFEMET PTE LTD

DIRECTOR

04/01/1999

-

NA

2

TOLSTAR INVESTMENTS PTE LTD

DIRECTOR

18/02/1999

470000

11.75

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ELITE EMPIRE PTE. LTD.

STRUCK OFF

DIRECTOR

08/04/2003

17/07/2003

2

PARTHNON DERIVATIVES PTE. LTD.

LIVE COMPANY

DIRECTOR

01/12/2004

27/03/2013

3

PARTHNON DERIVATIVES PTE. LTD.

LIVE COMPANY

SHAREHOLDER

-

27/03/2013

 

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 have been 43 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201209884

 

Date of Registration

:

30/08/2012

 

Chargee

:

CHINA CONSTRUCTION BANK CORPORATION

 

Amount Secured  and Currency

:

All Monies

 

Address

:

9 RAFFLES PLACE #33-01/02 REPUBLIC PLAZA SINGAPORE 048619

 

2)

Charge No.

:

C201209323

 

Date of Registration

:

16/08/2012

 

Chargee

:

BANK OF CHINA LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

7 TEMASEK BOULEVARD #30-01/02/03 SUNTEC CITY TOWER 1 SINGAPORE 038987

 

3)

Charge No.

:

C201207190

 

Date of Registration

:

29/06/2012

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

4)

Charge No.

:

C201203209

 

Date of Registration

:

23/03/2012

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

5)

Charge No.

:

C201202757

 

Date of Registration

:

13/03/2012

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

6)

Charge No.

:

C201202503

 

Date of Registration

:

06/03/2012

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

7)

Charge No.

:

C201202265

 

Date of Registration

:

28/02/2012

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

8)

Charge No.

:

C201115716

 

Date of Registration

:

15/12/2011

 

Chargee

:

SOCIETE GENERALE

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 ROBINSON ROAD #26-00 SINGAPORE 068898

 

9)

Charge No.

:

C201115715

 

Date of Registration

:

15/12/2011

 

Chargee

:

SOCIETE GENERALE

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 ROBINSON ROAD #26-00 SINGAPORE 068898

 

10)

Charge No.

:

C201115138

 

Date of Registration

:

01/12/2011

 

Chargee

:

CITIC BANK INTERNATIONAL LIMITED SINGAPORE BRANCH

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

11)

Charge No.

:

C201115122

 

Date of Registration

:

01/12/2011

 

Chargee

:

CITIC BANK INTERNATIONAL LIMITED SINGAPORE BRANCH

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

12)

Charge No.

:

C201114725

 

Date of Registration

:

23/11/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

13)

Charge No.

:

C201114306

 

Date of Registration

:

14/11/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

14)

Charge No.

:

C201114216

 

Date of Registration

:

11/11/2011

 

Chargee

:

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

15)

Charge No.

:

C201114129

 

Date of Registration

:

09/11/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

16)

Charge No.

:

C201112732

 

Date of Registration

:

11/10/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

17)

Charge No.

:

C201112132

 

Date of Registration

:

28/09/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

18)

Charge No.

:

C201111873

 

Date of Registration

:

21/09/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

19)

Charge No.

:

C201111849

 

Date of Registration

:

21/09/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

20)

Charge No.

:

C201106089

 

Date of Registration

:

19/05/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

21)

Charge No.

:

C201105793

 

Date of Registration

:

12/05/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

22)

Charge No.

:

C201105203

 

Date of Registration

:

27/04/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

23)

Charge No.

:

C201105194

 

Date of Registration

:

26/04/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

24)

Charge No.

:

C201104287

 

Date of Registration

:

06/04/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

25)

Charge No.

:

C201104102

 

Date of Registration

:

04/04/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

26)

Charge No.

:

C201103682

 

Date of Registration

:

23/03/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

27)

Charge No.

:

C201103222

 

Date of Registration

:

16/03/2011

 

Chargee

:

MIZUHO CORPORATE BANK,LTD

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

28)

Charge No.

:

C201103221

 

Date of Registration

:

16/03/2011

 

Chargee

:

MIZUHO CORPORATE BANK,LTD

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

29)

Charge No.

:

C201103220

 

Date of Registration

:

16/03/2011

 

Chargee

:

MIZUHO CORPORATE BANK,LTD

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

30)

Charge No.

:

C201101720

 

Date of Registration

:

10/02/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

31)

Charge No.

:

C201101316

 

Date of Registration

:

28/01/2011

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

32)

Charge No.

:

C201008031

 

Date of Registration

:

09/09/2010

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

33)

Charge No.

:

C201007666

 

Date of Registration

:

31/08/2010

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

34)

Charge No.

:

C201001674

 

Date of Registration

:

24/02/2010

 

Chargee

:

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. SINGAPORE BRANCH

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

35)

Charge No.

:

C201000846

 

Date of Registration

:

26/01/2010

 

Chargee

:

FORTIS BANK (NEDERLAND) N.V. SINGAPORE BRANCH

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

36)

Charge No.

:

C200908373

 

Date of Registration

:

17/12/2009

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

37)

Charge No.

:

C200908372

 

Date of Registration

:

17/12/2009

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

38)

Charge No.

:

C200907456

 

Date of Registration

:

17/11/2009

 

Chargee

:

FORTIS BANK (NEDERLAND) N.V. SINGAPORE BRANCH

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

39)

Charge No.

:

C200901698

 

Date of Registration

:

20/03/2009

 

Chargee

:

NATIXIS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

50 RAFFLES PLACE #41-01 SINGAPORE LAND TOWER SINGAPORE 048623

 

40)

Charge No.

:

C200810185

 

Date of Registration

:

07/11/2008

 

Chargee

:

BNP PARIBAS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

20 COLLYER QUAY #01-01 TUNG CENTRE SINGAPORE 049319

 

41)

Charge No.

:

C200810170

 

Date of Registration

:

07/11/2008

 

Chargee

:

BNP PARIBAS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

20 COLLYER QUAY #01-01 TUNG CENTRE SINGAPORE 049319

 

42)

Charge No.

:

C200809952

 

Date of Registration

:

31/10/2008

 

Chargee

:

ING BANK N.V.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

9 RAFFLES PLACE #19-02 REPUBLIC PLAZA SINGAPORE 048619

 

43)

Charge No.

:

C200800760

 

Date of Registration

:

16/01/2008

 

Chargee

:

BNP PARIBAS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

20 COLLYER QUAY #01-01 TUNG CENTRE SINGAPORE 049319

 

 

LITIGATION

 

Clear

 

COMPLIANCE

 

Date of Last AGM

:

14/05/2012

Date of Last AR

:

25/05/2012

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).

 

For more information: www.acra.gov.sg/compliance

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2011

% Change

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

6,946,300,768

97.72

3,513,201,687

1,295,684,937

703,156,870

387,693,130

Profit/(Loss) Before Tax

50,841,984

83.40

27,721,492

21,697,308

6,896,578

5,334,909

Profit After Tax attributable

 to Shareholders

45,684,352

84.02

24,825,938

19,511,372

6,467,207

5,002,191

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

852,629,579

-25.30

1,141,476,429

557,985,166

425,511,699

230,943,429

Current Assets

850,361,059

-25.36

1,139,247,848

555,603,817

423,281,455

228,547,360

Non Current Assets

2,268,520

1.79

2,228,581

2,381,349

2,230,244

2,396,069

 

 

 

 

 

 

 

Total Liabilities

758,886,693

-29.90

1,082,583,267

512,751,449

400,569,934

211,268,960

Current Liabilities

758,886,693

-29.90

1,082,583,267

512,751,449

400,569,934

211,268,960

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

93,742,887

59.17

58,893,162

45,233,716

24,941,764

19,674,469

Share Capital

3,097,965

-7.74

3,357,804

3,590,705

3,481,740

3,707,877

Total Reserves

90,644,922

63.22

55,535,358

41,643,011

21,460,024

15,966,592

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

97.72

171.15

84.27

81.37

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.66

0.71

1.51

0.92

1.29

Return on Equity (%)

48.73

42.15

43.13

25.93

25.42

Return on Assets (%)

5.36

2.17

3.50

1.52

2.17

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

8.10

18.38

11.34

16.06

10.74

Current Debt/Equity (Times)

8.10

18.38

11.34

16.06

10.74

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

9.10

19.38

12.34

17.06

11.74

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

8.15

3.08

2.32

1.65

1.68

Fixed Assets Turnover (Times)

3,062.04

1,576.43

544.10

315.28

161.80

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.12

1.05

1.08

1.06

1.08

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 105.74% (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 0.66 per cent in FY11 (FY10: 0.71 per cent). The company is now able to book in SGD - SIN 0.01 of profit for every SGD - SIN of sales in FY11, as compared with SGD - SIN 0.01 a year ago.

 

 

Liquidity

Current ratio stood at 1.12 times in FY11 (FY10: 1.05 times). This means that the company has SGD - SIN 1.12 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 8.10 times in FY11, as compared with 18.38 times in FY10. This means that the company requires additional external financing of SGD - SIN 8.10 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 48.73 per cent for Subject in the current financial period, as compared to 42.15 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 5.36 per cent (FY10: 2.17 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 8.15 times in FY11 (FY10: 3.08 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.54.33

UK Pound

1

Rs.82.72

Euro

1

Rs.69.82

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.