MIRA INFORM REPORT

 

 

Report Date :

17.04.2013

 

IDENTIFICATION DETAILS

 

Name :

SHELL EASTERN PETROLEUM (PTE) LTD

 

 

Formerly Known as:

SHELL EASTERN PETROLEUM (PTE.) LIMITED

 

 

Registered Office :

83 Clemenceau Avenue #04-00 Shell House Singapore 239920

 

 

Country :

Singapore

 

 

Financials (as on) :

December 2011

 

 

Date of Incorporation :

02.08.1960

 

 

Com. Reg. No.:

196000089g

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Manufacturer of refined petroleum products

 

 

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 :

Exists

 

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

A2

A2

 

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:

SHELL EASTERN PETROLEUM (PTE) LTD

196000089G

 

Date Incorporated:

Registered Office:

Telephone Number:

02/08/1960

83 CLEMENCEAU AVENUE #04-00 SHELL HOUSE SINGAPORE 239920

6384 8000

Age of Company:

Website:

Industry Type:

53

www.shell.com.sg

COMMERCE-WHOLESALE

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

25

33

Payment pattern as per previous month

No. of Charges(s):
0

Industry DTC

 

27

 

Directors

 

Corporate Structure

Number of Current Directors

6

Holding Company:

SHELL PETROLEUM N.V.

Number that are shareholders

2

No. of Subsidiaries & Associated Companies:

15

 

EXECUTIVE SUMMARY

 

Company Name

:

SHELL EASTERN PETROLEUM (PTE) LTD

Registration No

:

196000089G

Date of Registration

:

02/08/1960

Former Name

:

SHELL EASTERN PETROLEUM (PTE.) LIMITED Eff. date : 02/08/1960 Eff. date : 02/08/1960

Date of Change of Name

:

09/05/1994

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

83 CLEMENCEAU AVENUE #04-00 SHELL HOUSE SINGAPORE 239920

Date of Change of Address

:

11/03/1998

Contact No.

:

6384 8000

Fax No.

:

6384 8382

Website

:

www.shell.com.sg

Registered Activities

:

1. MANUFACTURE OF REFINED PETROLEUM PRODUCTS NEC

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

TRADING & MARKETING OF PETROLEUM,PETROL CHEMICALS AND ALLIED PRODUCTS

Issued Ordinary Capital*

:

$4,830,708,520.00 UNITED STATES OF AMERICA, DOLLARS ,NO. OF SHARE : 483,070,852

Issued Preference Capital

:

$259,159,020.00 UNITED STATES OF AMERICA, DOLLARS NO. OF SHARE : 25,915,902

Paid-Up Ordinary Capital

:

$4,830,708,520.00 UNITED STATES OF AMERICA, DOLLARS

Paid-Up Preference Capital

:

$259,159,020.00 UNITED STATES OF AMERICA, DOLLARS

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

13

No. of Local Associates

:

2

Auditor

:

PRICEWATERHOUSECOOPERS LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 24,223,784,716.00 (FY2011)

Net Worth

:

SGD - SIN 5,579,966,793.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

25

S1000 / SME 1000 / FG50 Ranking

:

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

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

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

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

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

Compounded Annual Growth Rate (CAGR)

:

2.88% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

SHELL PETROLEUM N.V.

SHAREHOLDER ID

:

T04UF0258J

NATIONALITY

:

NETHERLANDS

ADDRESS

:

P.O. BOX 162 2501 AN THE HAGUE NEDERLANDS

NO. OF ORD SHARES

:

482,436,667

24,078,087

% OF SHAREHOLDING

:

94.8%

4.7%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

UNITED STATES OF AMERICA, DOLLARS

 

NAME

:

SHELL OVERSEAS INVESTMENTS B.V.

SHAREHOLDER ID

:

T04UF0334F

NATIONALITY

:

NA

ADDRESS

:

CAREL VAN BYLANDTLAAN 30, 2596 HR, THE HAGUE

NO. OF ORD SHARES

:

634,185

1,837,815

% OF SHAREHOLDING

:

0.1%

0.4%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

UNITED STATES OF AMERICA, DOLLARS

 

OFFICER DETAILS

 

NAME

:

LESLIE HAYWARD @ SELIE ANAK HAYWARD

ADDRESS

:

291 OCEAN DRIVE #14-13 OCEANFRONT @ SENTOSA COVE, THE SINGAPORE 098532

POSITION

:

DIRECTOR

DATE OF APPT

:

15/10/2011

NATIONALITY

:

MALAYSIAN

I/C PASSPORT

:

G5183527T

 

NAME

:

LEE TZU YANG

ADDRESS

:

1 ASCOT RISE SINGAPORE 289813

POSITION

:

DIRECTOR

DATE OF APPT

:

27/07/2000

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0163771A

 

NAME

:

CHONG KENG CHEEN

ADDRESS

:

119A RIVERVALE DRIVE #07-300 SINGAPORE 541119

POSITION

:

DIRECTOR

DATE OF APPT

:

01/08/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1337400G

 

NAME

:

GOH LIANG CHOO

ADDRESS

:

6 ORANGE GROVE ROAD #04-00 VANTAGE, THE SINGAPORE 258331

POSITION

:

DIRECTOR

DATE OF APPT

:

01/07/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1748329C

 

NAME

:

LIM KWEE HUAT ANDREW

ADDRESS

:

64B CHUN TIN ROAD SINGAPORE 599716

POSITION

:

SECRETARY

DATE OF APPT

:

01/06/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1753920E

 

NAME

:

POH POC HUCK

ADDRESS

:

43 SIXTH AVENUE #04-10 SIXTH AVENUE VILLE SINGAPORE 276484

POSITION

:

DIRECTOR

DATE OF APPT

:

01/01/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2504087B

 

NAME

:

SIM TING

ADDRESS

:

16 PENSHURST PLACE SERANGOON GARDEN ESTATE SINGAPORE 556431

POSITION

:

SECRETARY

DATE OF APPT

:

06/01/2012

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7100620D

 

NAME

:

ADRIAN LEE CHIEW CHUAN

ADDRESS

:

62 MARINE DRIVE #08-96 SINGAPORE 440062

POSITION

:

DIRECTOR

DATE OF APPT

:

15/07/2012

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7141130C

 

 

KEY PERSONNEL PROFILE

 

Name:

CHONG KENG CHEEN

NRIC Number:

S1337400G

Available Address:

119A RIVERVALE DRIVE #07-300  SINGAPORE 541119

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

SHELL EASTERN PETROLEUM (PTE) LTD

DIRECTOR

01/08/2011

-

NA

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

SHELL EASTERN PETROLEUM (PTE) LTD

LIVE COMPANY

DIRECTOR

01/07/1999

08/04/2013

2

SHELL SINGAPORE TRUSTEES PTE LTD

LIVE COMPANY

DIRECTOR

03/08/1999

22/09/2010

 

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 (%)

 

ETHYLENE GLYCOLS (SINGAPORE) PRIVATE LIMITED

100

SHELL SINGAPORE TRUSTEES PTE LTD

100

SHELL CHEMICALS SERAYA PTE. LTD.

100

SHELL SERAYA PIONEER (PTE) LTD

100

SHELL TREASURY CENTRE EAST (PTE) LTD

100

SHELL INTERNATIONAL SHIPPING SERVICES (PTE) LTD

100

SHELL TANKERS (SINGAPORE) PRIVATE LIMITED

100

SHELL EASTERN TRADING (PTE) LTD

92.77

QPI AND SHELL PETROCHEMICALS (SINGAPORE) PTE. LTD.

51

INFINEUM SINGAPORE PTE. LTD.

50

SIRIUS WELL MANUFACTURING SERVICES PTE. LTD.

50

SHELL AVIATION

NA (SOLE-PROPRIETOR)

SHELL CHEMICALS

NA (SOLE-PROPRIETOR)

SHELL UPSTREAM INTERNATIONAL ASIA

NA (SOLE-PROPRIETOR)

SHELL AUTOSERV

NA (SOLE-PROPRIETOR)

                                                                                                                       

 

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 25  litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2013

Past Years

Bef 01 Jan 2013

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

12

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

0

11

High (>$250,000)

0

2

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

District Court

 

Case No.

:

1475

 

Transfer

:

-

 

Date of Filing

:

25/05/2012

 

Amount

:

162,096.77

 

Cause

:

Contract - Others

 

Case Status

:

PENDING

 

Plaintiff

:

HUANG SHANG BAI

 

Last Update Date

:

31/12/2012

 

2)

Court

:

District Court

 

Case No.

:

3788

 

Transfer

:

-

 

Date of Filing

:

16/11/2010

 

Amount

:

0.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

VAIRAVAN S/O RAMASAMY MARIMUTHU THEVAR

 

Last Update Date

:

23/12/2011

 

3)

Court

:

District Court

 

Case No.

:

3688

 

Transfer

:

-

 

Date of Filing

:

06/11/2010

 

Amount

:

200,000.00

 

Cause

:

Tort - Negligence (Motor Accidents With Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

DON CHRISTOPHER JOSEPH WEERASEKERA

 

Last Update Date

:

31/12/2012

 

4)

Court

:

District Court

 

Case No.

:

497

 

Transfer

:

-

 

Date of Filing

:

14/02/2007

 

Amount

:

70,000.00

 

Cause

:

Tort - Negligence (Industrial Accidents With Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

ESA SALAM INSAN ALI

 

Last Update Date

:

07/04/2011

 

5)

Court

:

Magistrate Court

 

Case No.

:

30029

 

Transfer

:

-

 

Date of Filing

:

12/12/2006

 

Amount

:

3,227.30

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

LER SIEW KEE

 

Last Update Date

:

02/01/2008

 

6)

Court

:

Magistrate Court

 

Case No.

:

16969

 

Transfer

:

-

 

Date of Filing

:

14/07/2006

 

Amount

:

44,040.91

 

Cause

:

Contract - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

KWANG HUA SENG PETROL STATION (A FIRM)

 

Last Update Date

:

15/09/2011

 

 

7)

Court

:

District Court

 

Case No.

:

2664

 

Transfer

:

-

 

Date of Filing

:

14/07/2006

 

Amount

:

93,396.08

 

Cause

:

Restitution

 

Case Status

:

CONCLUDED

 

Plaintiff

:

BUKIT PANJANG PETROL SUPPLY PTE LTD

 

Last Update Date

:

15/09/2011

 

8)

Court

:

District Court

 

Case No.

:

2663

 

Transfer

:

-

 

Date of Filing

:

14/07/2006

 

Amount

:

228,299.60

 

Cause

:

Restitution

 

Case Status

:

CONCLUDED

 

Plaintiff

:

LEE KYE JIN FORMERLY

 

Last Update Date

:

15/09/2011

 

9)

Court

:

District Court

 

Case No.

:

2657

 

Transfer

:

-

 

Date of Filing

:

14/07/2006

 

Amount

:

134,413.92

 

Cause

:

Contract - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CHOONG CHOON YEAN

 

Last Update Date

:

15/09/2011

 

10)

Court

:

Magistrate Court

 

Case No.

:

11627

 

Transfer

:

-

 

Date of Filing

:

17/05/2005

 

Amount

:

1,151.25

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

YEO SOCK KEE @ MOHD NAZREEN YEO

 

Last Update Date

:

31/12/2012

 

11)

Court

:

Magistrate Court

 

Case No.

:

42107

 

Transfer

:

-

 

Date of Filing

:

15/12/2003

 

Amount

:

11,403.00

 

Cause

:

Negligence - Motor Accidents (Not Injuries / Death)

 

Case Status

:

DEEMED DISCONTINUED

 

Plaintiff

:

SOON CHEE GUAN

 

Last Update Date

:

07/01/2008

 

12)

Court

:

Magistrate Court

 

Case No.

:

26028

 

Transfer

:

-

 

Date of Filing

:

24/07/2003

 

Amount

:

0.00

 

Cause

:

Contracts - General

 

Case Status

:

CONCLUDED

 

Plaintiff

:

TAN KWANG LAM NEE THAM LOON PAN BESSIE T/A THE BESS FUEL

 

Last Update Date

:

07/01/2008

 

13)

Court

:

District Court

 

Case No.

:

5048

 

Transfer

:

-

 

Date of Filing

:

03/11/2003

 

Amount

:

0.00

 

Cause

:

Contract - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

TAN KWANG LAM NEE THAM LOON PAN BESSIE T/A THE BESS FUEL

 

Last Update Date

:

23/12/2011

 

14)

Court

:

District Court

 

Case No.

:

3735

 

Transfer

:

-

 

Date of Filing

:

15/08/2003

 

Amount

:

1,042.90

 

Cause

:

Negligence - Others (Injuries)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

KUAN CHEE KWONG ALVIN DARWIN

HO CHIN CHIN

 

Last Update Date

:

13/09/2005

 

15)

Court

:

Supreme Court

 

Case No.

:

689

 

Transfer

:

-

 

Date of Filing

:

04/07/2003

 

Amount

:

0.00

 

Cause

:

Negligence - Industrial (Injuries)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

TANG WENG WAH

 

Last Update Date

:

31/12/2012

 

16)

Court

:

Magistrate Court

 

Case No.

:

39105

 

Transfer

:

-

 

Date of Filing

:

27/12/2002

 

Amount

:

3,468.24

 

Cause

:

Negligence - Motor Accidents (Not Injuries / Death)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

TAY TEE GEE

 

Last Update Date

:

31/12/2012

 

17)

Court

:

District Court

 

Case No.

:

1328

 

Transfer

:

-

 

Date of Filing

:

01/04/2002

 

Amount

:

62,060.06

 

Cause

:

Miscellaneous

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CHIAM WENG WAH

 

Last Update Date

:

15/09/2011

 

18)

Court

:

Magistrate Court

 

Case No.

:

39137

 

Transfer

:

-

 

Date of Filing

:

13/12/2001

 

Amount

:

0.00

 

Cause

:

Negligence - Others (Not Injuries / Death)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CHEE CHYE SENG

 

Last Update Date

:

22/03/2006

 

19)

Court

:

District Court

 

Case No.

:

3852

 

Transfer

:

-

 

Date of Filing

:

01/10/2001

 

Amount

:

103,507.65

 

Cause

:

Contracts - Sale of Goods

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SLCO PTE LTD FORMERLY KNOWN AS FUKAGYO PETROLEUM (SINGAPORE) PTE

 

Last Update Date

:

22/03/2006

 

20)

Court

:

Magistrate Court

 

Case No.

:

9678

 

Transfer

:

-

 

Date of Filing

:

14/06/2000

 

Amount

:

0.00

 

Cause

:

Negligence - Motor Accidents (Not Injuries / Death)

 

Case Status

:

DEEMED DISCONTINUED

 

Plaintiff

:

LIM LEONG BENG

 

Last Update Date

:

31/12/2012

 

21)

Court

:

Magistrate Court

 

Case No.

:

4203

 

Transfer

:

-

 

Date of Filing

:

19/02/1999

 

Amount

:

13,058.40

 

Cause

:

Contracts - Sale of Goods

 

Case Status

:

DEEMED DISCONTINUED

 

Plaintiff

:

M O TRANS MARKETING SERVICES (SUING AS A FIRM)

 

Last Update Date

:

16/09/2011

 

22)

Court

:

Magistrate Court

 

Case No.

:

15619

 

Transfer

:

-

 

Date of Filing

:

26/06/1998

 

Amount

:

0.00

 

Cause

:

NEGLIGENCE-OTHERS(INJURIES)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

MEGHAN ALANE CONRAD, AN INFANT, SUING BY HER FATHE

 

Last Update Date

:

07/12/2001

 

23)

Court

:

Magistrate Court

 

Case No.

:

19474

 

Transfer

:

-

 

Date of Filing

:

29/09/1997

 

Amount

:

0.00

 

Cause

:

CONTRACTS-GENERAL

 

Case Status

:

CONCLUDED

 

Plaintiff

:

KUNG SIAK YONG

 

Last Update Date

:

07/12/2001

 

24)

Court

:

Magistrate Court

 

Case No.

:

12210

 

Transfer

:

-

 

Date of Filing

:

25/06/1997

 

Amount

:

0.00

 

Cause

:

Contracts - General

 

Case Status

:

DEEMED DISCONTINUED

 

Plaintiff

:

YOO AH JI

 

Last Update Date

:

16/09/2011

 

25)

Court

:

Supreme Court

 

Case No.

:

118

 

Transfer

:

-

 

Date of Filing

:

17/01/1997

 

Amount

:

0.00

 

Cause

:

IP-COPYRIGHT

 

Case Status

:

CONCLUDED

 

Plaintiff

:

ATLANTA CENTENNIAL OLYMPIC PROPERTIES

ATLANTA COMMITTEE FOR THE OLYMPIC GAMES INC

 

Last Update Date

:

12/12/2002

 

 

COMPLIANCE

 

Date of Last AGM

:

28/06/2012

Date of Last AR

:

17/07/2012

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

24,223,784,716

26.97

19,078,185,820

13,919,941,971

25,763,565,381

21,623,468,541

Profit/(Loss) Before Tax

602,450,281

NA

(393,750,702)

2,213,759,314

(625,308,846)

3,187,741,861

Profit After Tax attributable

 to Shareholders

714,388,713

NA

(276,474,464)

2,199,362,228

(436,602,227)

3,155,294,349

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

16,270,028,129

-0.06

16,279,382,974

15,340,805,134

11,680,581,576

11,749,760,213

Current Assets

5,824,674,085

20.49

4,834,018,110

3,743,961,171

2,373,007,385

4,732,576,388

Non Current Assets

10,445,354,044

-8.74

11,445,364,864

11,596,843,963

9,307,574,191

7,017,183,825

 

 

 

 

 

 

 

Total Liabilities

10,690,061,336

9.37

9,773,944,755

8,204,902,749

6,485,861,235

5,689,376,778

Current Liabilities

5,133,881,554

8.10

4,749,361,771

3,709,620,032

3,207,101,024

4,319,819,519

Non Current Liabilities

5,556,179,782

10.58

5,024,582,984

4,495,282,717

3,278,760,211

1,369,557,259

 

 

 

 

 

 

 

Shareholders' Funds

5,579,966,793

-14.23

6,505,438,221

7,135,902,386

5,194,720,342

6,060,383,434

Share Capital

3,542,872,367

-7.74

3,840,028,336

3,989,965,955

2,740,104,984

2,692,680,648

Total Reserves

2,037,094,426

-23.57

2,665,409,885

3,145,936,431

2,454,615,358

3,367,702,786

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

26.97

37.06

-45.97

19.15

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

2.95

-1.45

15.80

-1.69

14.59

Return on Equity (%)

12.80

-4.25

30.82

-8.40

52.06

Return on Assets (%)

4.39

-1.70

14.34

-3.74

26.85

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

1.92

1.50

1.15

1.25

0.94

Current Debt/Equity (Times)

0.92

0.73

0.52

0.62

0.71

Long Term Debt To Equity (Times)

1.00

0.77

0.63

0.63

0.23

Total Asset To Total Equity (Times)

2.92

2.50

2.15

2.25

1.94

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.49

1.17

0.91

2.21

1.84

Fixed Assets Turnover (Times)

2.32

1.67

1.20

2.77

3.08

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.13

1.02

1.01

0.74

1.10

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 2.88% (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 2.95 per cent in FY11. The company is now able to book in SGD - SIN 0.03 of profit for every SGD - SIN of sales.

Liquidity

 

 

Current ratio stood at 1.13 times in FY11 (FY10: 1.02 times). This means that the company has SGD - SIN 1.13 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 1.92 times in FY11, as compared with 1.50 times in FY10. This means that the company requires additional external financing of SGD - SIN 1.92 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 12.80 per cent for Subject in the current financial period. 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 4.39 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 1.49 times in FY11 (FY10: 1.17 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.83.17

Euro

1

Rs.71.05

 

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.