MIRA
INFORM REPORT
|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALLIANZ GLOBAL INVESTORS SINGAPORE LIMITED |
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Formerly Known As : |
ALLIANZ DRESDNER ASSET MANAGEMENT SINGAPORE LIMITED |
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Registered Office : |
3 Temasek Avenue #07-05 Centennial Tower Singapore 039190 |
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Country : |
Singapore |
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Financials (as on) : |
December 2011 |
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Date of Incorporation : |
17.11.1999 |
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Com. Reg. No.: |
199907169Z |
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Legal Form : |
Public Company Limited By Shares |
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Line of Business : |
Other Monetary Intermediation |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 0.8% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010, on the strength of renewed exports, before slowing to 5.2% in 2011 and 1.3% in 2012, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to an average of about 1.0% 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.
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Source : CIA |
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Company Name: |
Registered Number: |
|
ALLIANZ GLOBAL INVESTORS SINGAPORE LIMITED |
199907169Z |
|
Date Incorporated: |
Registered Office: |
Telephone Number: |
|
17/11/1999 |
3 TEMASEK AVENUE #07-05 CENTENNIAL TOWER SINGAPORE 039190 |
6311 8000 |
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Age of Company: |
Website: |
Industry Type: |
|
14 |
NA |
FINANCE |
|
Risk Dashboard |
||
|
Days Beyond
Terms |
Trend: |
No. of
Litigation Counts: |
|
Company DTC: |
NA |
|
|
63 |
||
|
Worse off than
last month;last month the entity took 20 days to pay |
No. of
Charges(s): |
|
|
Industry DTC |
|
|
|
24 |
||
|
Directors |
|
Corporate
Structure |
||
|
Number of Current
Directors |
3 |
Holding Company: |
ALLIANZ GLOBAL INVESTORS GMBH (SINGAPORE
BRANCH) |
|
|
Number that are shareholders |
1 |
No. of Subsidiaries & Associated Companies: |
NA |
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EXECUTIVE SUMMARY
|
: |
ALLIANZ GLOBAL INVESTORS SINGAPORE
LIMITED |
|
|
Registration No |
: |
199907169Z |
|
Date of Registration |
: |
17/11/1999 |
|
Former Name |
: |
1.ALLIANZ ASSET
MANAGEMENT (SINGAPORE) LIMITED Eff. date : 17/11/1999 Eff. date : 17/11/1999 2.ALLIANZ DRESDNER ASSET MANAGEMENT
SINGAPORE LIMITED Eff. date : 10/10/2002 Eff. date : 10/10/2002 |
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Date of Change of Name |
: |
30/03/2005 |
|
Type of Company |
: |
PUBLIC COMPANY LIMITED BY
SHARES |
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Registered Address |
: |
3 TEMASEK AVENUE #07-05 CENTENNIAL
TOWER SINGAPORE 039190 |
|
Date of Change of Address |
: |
05/04/2010 |
|
Contact No. |
: |
6311 8000 |
|
Fax No. |
: |
6311 8025 |
|
Website |
: |
NA |
|
Registered Activities |
: |
OTHER MONETARY
INTERMEDIATION |
|
Issued Ordinary Capital* |
: |
$33,200,000.00 SINGAPORE,
DOLLARS ,NO. OF SHARE : 33,200,000 |
|
Issued Preference Capital |
: |
NA |
|
Paid-Up Ordinary Capital |
: |
$33,200,000.00 SINGAPORE,
DOLLARS |
|
Paid-Up Preference
Capital |
: |
NA |
|
* Number of Shares includes
number of Issued Treasury Shares |
||
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Issued Treasury Capital |
: |
NA |
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Paid-Up Treasury Capital |
: |
NA |
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No. of Local Subsidiaries |
: |
NA |
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No. of Local Associates |
: |
NA |
|
Auditor |
: |
KPMG LLP |
|
Bankers / Financiers |
: |
NA |
|
Turnover |
: |
SGD - SIN 17,866,361.00
(FY2011) |
|
Net Worth |
: |
SGD - SIN 2,196,750.00
(FY2011) |
|
No. of Bank Charges |
: |
NA |
|
No. of Litigation Suits |
: |
NA |
|
S1000 / SME 1000 / FG50
Ranking |
: |
|
|
Compounded Annual Growth
Rate (CAGR) |
: |
NA |
SHAREHOLDER DETAILS
|
: |
ALLIANZ GLOBAL INVESTORS GMBH (SINGAPORE BRANCH) |
|
|
SHAREHOLDER ID |
: |
T00FC5913K |
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NATIONALITY |
: |
GERMANY |
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ADDRESS |
: |
3 TEMASEK AVENUE #07-05 CENTENNIAL TOWER SINGAPORE 039190 |
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NO. OF ORD SHARES |
: |
33,200,000 |
|
% OF SHAREHOLDING |
: |
100% |
|
CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
FONG
JASON YIK KUEN |
|
|
ADDRESS |
: |
17 EVELYN
ROAD #28-05 RESIDENCES @ EVELYN SINGAPORE 309306 |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
19/12/2011 |
|
NATIONALITY |
: |
CANADIAN |
|
I/C PASSPORT |
: |
G5164919U |
|
|
||
|
NAME |
: |
FRANK
KLAUSFELDER |
|
ADDRESS |
: |
2 TEMASEK
BOULEVARD SINGAPORE 038982 |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
10/07/2009 |
|
NATIONALITY |
: |
GERMAN |
|
I/C PASSPORT |
: |
G6267072Q |
|
|
||
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NAME |
: |
MADHAVAN
PETER |
|
ADDRESS |
: |
9 LORONG
N TELOK KURAU KELLY VILLAS SINGAPORE 425138 |
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POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
01/10/2002 |
|
NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1167311B |
|
|
||
|
NAME |
: |
MURUGAIYAN
SIVAKUMAR VIVEKANANDAN |
|
ADDRESS |
: |
96
JALAN HITAM MANIS SINGAPORE 278506 |
|
POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
20/06/2007 |
|
NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1662052A |
|
|
||
|
NAME |
: |
TAN
CHENG SOON |
|
ADDRESS |
: |
50 JALAN
NOVENA ENG AUN PARK SINGAPORE 308668 |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
11/03/2013 |
|
NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1704234C |
KEY PERSONNEL PROFILE
|
FRANK KLAUSFELDER |
|
|
NRIC Number: |
G6267072Q |
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Available Address: |
2 TEMASEK BOULEVARD SINGAPORE 38982 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
ALLIANZ GLOBAL INVESTORS GMBH
(SINGAPORE BRANCH) |
AGENT |
27/08/2010 |
- |
NA |
|
|
2 |
ALLIANZ GLOBAL INVESTORS
SINGAPORE LIMITED |
DIRECTOR |
10/07/2009 |
- |
NA |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known Inactive Date |
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||
Bankruptcy Record
|
Case
No. |
Year |
Date
of Filing |
Petitioner
Name |
Amount |
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Litigation Search – Writ of Summons
|
Court |
Case No. |
Transfer |
Year |
Date
of Filing |
Amount |
Cause
Category |
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SUBSIDIARIES AND ASSOCIATE
COMPANIES
|
Company |
Shareholdings (%) |
|
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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 |
: |
|
|
Date of Last AR |
: |
15/05/2012 |
|
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 |
||||||
|
|
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 |
|
|
|
|
|
|
|
17,866,361 |
9.58 |
16,304,074 |
12,296,983 |
18,750,412 |
22,850,900 |
|
|
Profit/(Loss) Before Tax |
(1,478,747) |
NA |
(5,000,012) |
(2,618,934) |
(3,707,107) |
(4,198,642) |
|
Profit After Tax attributable to
Shareholders |
(1,478,747) |
NA |
(5,000,012) |
(2,618,932) |
(4,372,200) |
(5,177,645) |
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|
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Balance Sheet Key Figures |
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Total Assets |
11,592,462 |
-7.84 |
12,578,513 |
10,491,886 |
13,973,744 |
23,300,637 |
|
Current Assets |
11,261,979 |
-7.47 |
12,170,871 |
10,344,407 |
13,587,405 |
20,796,221 |
|
Non Current Assets |
330,483 |
-18.93 |
407,642 |
147,479 |
386,339 |
2,504,416 |
|
|
|
|
|
|
|
|
|
Total Liabilities |
9,395,712 |
-9.68 |
10,403,016 |
7,116,377 |
10,179,303 |
18,133,996 |
|
Current Liabilities |
9,395,712 |
-9.68 |
10,403,016 |
7,116,377 |
10,179,303 |
18,133,996 |
|
Non Current Liabilities |
0 |
NA |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
|
Shareholders' Funds |
2,196,750 |
0.98 |
2,175,497 |
3,375,509 |
3,794,441 |
5,166,641 |
|
Share Capital |
29,500,000 |
5.36 |
28,000,000 |
24,200,000 |
22,000,000 |
19,000,000 |
|
Total Reserves |
(27,303,250) |
NA |
(25,824,503) |
(20,824,491) |
(18,205,559) |
(13,833,359) |
FINANCIAL RATIOS
|
|
|||||
|
|
DEC
2011 |
DEC
2010 |
DEC
2009 |
DEC
2008 |
DEC
2007 |
|
Growth % |
|
|
|
|
|
|
9.58 |
32.59 |
-34.42 |
-17.94 |
NA |
|
|
|
|
|
|
|
|
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Profitability |
|
|
|
|
|
|
Profit Margin (%) |
-8.28 |
-30.67 |
-21.30 |
-23.32 |
-22.66 |
|
Return on Equity (%) |
-67.32 |
-229.83 |
-77.59 |
-115.23 |
-100.21 |
|
Return on Assets (%) |
-12.76 |
-39.75 |
-24.96 |
-31.29 |
-22.22 |
|
|
|
|
|
|
|
|
Leverage |
|
|
|
|
|
|
Total Debt/Equity (Times) |
4.28 |
4.78 |
2.11 |
2.68 |
3.51 |
|
Current Debt/Equity (Times) |
4.28 |
4.78 |
2.11 |
2.68 |
3.51 |
|
Long Term Debt To Equity (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Asset To Total Equity (Times) |
5.28 |
5.78 |
3.11 |
3.68 |
4.51 |
|
|
|
|
|
|
|
|
Asset Management |
|
|
|
|
|
|
Total Assets Turnover (Times) |
1.54 |
1.30 |
1.17 |
1.34 |
0.98 |
|
Fixed Assets Turnover (Times) |
54.06 |
40.00 |
83.38 |
48.53 |
9.12 |
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
1.20 |
1.17 |
1.45 |
1.33 |
1.15 |
FINANCIAL COMMENTARY
Profitability
We are unable to comment on Subject's
profitability.
Liquidity
Current ratio stood at 1.20 times in FY11
(FY10: 1.17 times). This means that the company has SGD - SIN 1.20 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
4.28 times in FY11, compared with 4.78 times in FY10. This means that the
company requires additional external financing of SGD - SIN 4.28 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
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 1.54 times in FY11 (FY10: 1.30
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.
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.94 |
|
UK Pound |
1 |
Rs.82.77 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.