MIRA INFORM REPORT

 

 

Report Date :

20.04.2013

 

IDENTIFICATION DETAILS

 

Name :

INTER-CONTINENTAL OILS & FATS PTE. LTD.

 

 

Registered Office :

150 Beach Road #16-01 Gateway West Singapore 189720

 

 

Country :

Singapore

 

 

Financials (as on) :

June 2012

 

 

Date of Incorporation :

16.05.2002

 

 

Com. Reg. No.:

200204156N

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General wholesale trade (including general importers and exporters)

 

 

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 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.

 

Source : CIA

 

 

Company Name:

Registered Number:

INTER-CONTINENTAL OILS & FATS PTE. LTD.

200204156N

 

Date Incorporated:

Registered Office:

Telephone Number:

16/05/2002

150 BEACH ROAD #16-01 GATEWAY WEST SINGAPORE 189720

6576 6500

Age of Company:

Website:

Industry Type:

11

www.icofgroup.com

COMMERCE-WHOLESALE

 

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):
28

Industry DTC

 

27

 

Directors

 

Corporate Structure

Number of Current Directors

4

Holding Company:

MUSIM MAS HOLDINGS PTE. LTD.

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

2

 

 

EXECUTIVE SUMMARY

 

Company Name

:

INTER-CONTINENTAL OILS & FATS PTE. LTD.

Registration No

:

200204156N

Date of Registration

:

16/05/2002

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

150 BEACH ROAD #16-01 GATEWAY WEST SINGAPORE 189720

Date of Change of Address

:

09/07/2009

Contact No.

:

6576 6500

Fax No.

:

6353 9041

Website

:

www.icofgroup.com

Registered Activities

:

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

2. WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENTS)

Issued Ordinary Capital*

:

$16,667,487.00 SINGAPORE, DOLLARS, NO. OF SHARE : 16,667,487

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$16,667,487.00 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

:

2

No. of Local Associates

:

NA

Auditor

:

PRICEWATERHOUSECOOPERS LLP

Bankers / Financiers

:

STANDARD CHARTERED BANK

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.(''RABOBANK NEDERLAND, RABOBANK INTERNATIONAL'')

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

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

DBS BANK LTD.

ING BANK N.V.

ABN AMRO BANK N.V.

OVERSEA-CHINESE BANKING CORPORATION LIMITED

UNITED OVERSEAS BANK LIMITED

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

BNP PARIBAS

Turnover

:

SGD - SIN 6,501,328,410.00 (FY2012)

Net Worth

:

SGD - SIN 191,600,255.00 (FY2012)

No. of Bank Charges

:

28

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

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

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

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

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

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

Compounded Annual Growth Rate (CAGR)

:

14.66% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

MUSIM MAS HOLDINGS PTE. LTD.

SHAREHOLDER ID

:

200703094K

NATIONALITY

:

SINGAPORE

ADDRESS

:

150 BEACH ROAD #15-01 GATEWAY WEST SINGAPORE 189720

NO. OF ORD SHARES

:

16,667,487

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

 

OFFICER DETAILS

 

NAME

:

BACHTIAR KARIM

ADDRESS

:

JL. KALIMANTAN NO. 29/3-B MEDAN, INDONESIA

POSITION

:

DIRECTOR

DATE OF APPT

:

01/03/2010

NATIONALITY

:

INDONESIAN

I/C PASSPORT

:

A 2921253

 

NAME

:

BAHARI KARIM

ADDRESS

:

JL. TAMBAK SAWAH NO. 32 RT 03, RW 01, TAMBAKREJO, KECAMATAN WARU 61256 INDONESIA

POSITION

:

DIRECTOR

DATE OF APPT

:

01/03/2010

NATIONALITY

:

INDONESIAN

I/C PASSPORT

:

S 931613

 

NAME

:

NG SIEW MOI

ADDRESS

:

25 MARGOLIOUTH ROAD MARGOLIOUTH VILLAS SINGAPORE 258551

POSITION

:

DIRECTOR

DATE OF APPT

:

05/12/2007

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1633151A

 

NAME

:

TEO MENG KEONG

ADDRESS

:

269 BUKIT BATOK EAST AVENUE 4 #08-168 SINGAPORE 650269

POSITION

:

SECRETARY

DATE OF APPT

:

15/09/2010

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S6968331B

 

NAME

:

CHAN LAI YIN

ADDRESS

:

26 SIMEI STREET 1 #11-08 MELVILLE PARK SINGAPORE 529947

POSITION

:

SECRETARY

DATE OF APPT

:

30/06/2010

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7480587F

 

NAME

:

BURHAN KARIM

ADDRESS

:

JL. KALIMANTAN NO. 29/3-B MEDAN, INDONESIA

POSITION

:

DIRECTOR

DATE OF APPT

:

01/03/2010

NATIONALITY

:

INDONESIAN

I/C PASSPORT

:

V 333173

 

 

 

 

KEY PERSONNEL PROFILE

 

Name:

NG SIEW MOI

NRIC Number:

S1633151A

Available Address:

25 MARGOLIOUTH ROAD MARGOLIOUTH VILLAS  SINGAPORE 258551

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

ICOF SHIP CHARTERING PTE. LTD.

DIRECTOR

13/05/2009

-

NA

2

ICOF SHIPPING PTE. LTD.

DIRECTOR

07/05/2009

-

NA

3

IM BIOFUEL PTE. LTD.

DIRECTOR

04/10/2010

-

NA

4

INTER-CONTINENTAL OILS & FATS PTE. LTD.

DIRECTOR

05/12/2007

-

NA

5

MAXIMUS MARINE PTE. LTD.

DIRECTOR

29/12/2011

-

NA

6

MUSIM MAS EUROPE PTE. LTD.

DIRECTOR

08/03/2012

-

NA

7

MUSIM MAS HOLDINGS PTE. LTD.

DIRECTOR

01/12/2007

-

NA

8

MUSIM MAS INTERNATIONAL (NORTH ASIA) PTE. LTD.

DIRECTOR

10/11/2009

-

NA

9

MUSIM MAS INTERNATIONAL (SOUTH ASIA) PTE. LTD.

DIRECTOR

15/09/2009

-

NA

10

MUSIM MAS INTERNATIONAL PTE. LTD.

DIRECTOR

13/07/2009

-

NA

11

MUSIM MAS VIETNAM OILS & FATS PTE. LTD.

DIRECTOR

08/03/2012

-

NA

12

NAGA OILS AND FATS PTE. LTD.

DIRECTOR

29/03/2012

-

NA

13

SOUTH INDIA OILS & FATS PTE. LTD.

DIRECTOR

12/10/2009

-

NA

14

WEST INDIA OILS & FATS PTE. LTD.

DIRECTOR

26/11/2012

-

NA

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

DARWIN PRIVATE LIMITED

STRUCK OFF

DIRECTOR

04/01/1999

12/02/2009

2

ELLAMI ENGINEERING PTE LTD

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

27/09/1994

30/03/2001

3

ELLAMI ENGINEERING PTE LTD

IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

4

ERMITAGE ENGINEERING PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

20/01/1996

05/01/1999

 

5

ERMITAGE ENGINEERING PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

SHAREHOLDER

-

-

6

INTER-CONTINENTAL OILS & FATS PTE. LTD.

LIVE COMPANY

DIRECTOR

06/07/2002

15/04/2013

7

PROVEST INTERNATIONAL PTE LTD

LIVE COMPANY

DIRECTOR

05/05/2000

30/11/2004

 

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 (%)

 

ICOF SHIPPING PTE. LTD.

100

IM BIOFUEL PTE. LTD.

100

                                                                                                                       

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 28 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201303499

 

Date of Registration

:

05/03/2013

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

2)

Charge No.

:

C201303496

 

Date of Registration

:

05/03/2013

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

3)

Charge No.

:

C201214416

 

Date of Registration

:

07/12/2012

 

Chargee

:

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.(''RABOBANK NEDERLAND, RABOBANK INTERNATIONAL'')

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

4)

Charge No.

:

C201205801

 

Date of Registration

:

28/05/2012

 

Chargee

:

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.(''RABOBANK NEDERLAND, RABOBANK INTERNATIONAL'')

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

5)

Charge No.

:

C201205795

 

Date of Registration

:

28/05/2012

 

Chargee

:

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.(''RABOBANK NEDERLAND, RABOBANK INTERNATIONAL'')

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

6)

Charge No.

:

C201205340

 

Date of Registration

:

16/05/2012

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

 

 

 

7)

Charge No.

:

C201205337

 

Date of Registration

:

16/05/2012

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

8)

Charge No.

:

C201205331

 

Date of Registration

:

16/05/2012

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

9)

Charge No.

:

C201202912

 

Date of Registration

:

16/03/2012

 

Chargee

:

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

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

10)

Charge No.

:

C201202911

 

Date of Registration

:

16/03/2012

 

Chargee

:

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

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

11)

Charge No.

:

C201200407

 

Date of Registration

:

10/01/2012

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809

 

12)

Charge No.

:

C201011483

 

Date of Registration

:

29/11/2010

 

Chargee

:

ING BANK N.V.

 

Amount Secured  and Currency

:

25,000,000.00 UNITED STATES OF AMERICA, DOLLARS

 

Address

:

9 RAFFLES PLACE #19-02 REPUBLIC PLAZA SINGAPORE 048619

 

13)

Charge No.

:

C201006827

 

Date of Registration

:

04/08/2010

 

Chargee

:

ABN AMRO BANK N.V.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

LEVEL 26 ONE RAFFLES QUAY SOUTH TOWER SINGAPORE 048583

 

 

 

 

14)

Charge No.

:

C201006336

 

Date of Registration

:

23/07/2010

 

Chargee

:

OVERSEA-CHINESE BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

65 CHULIA STREET #26-00 OCBC CENTRE SINGAPORE 049513

 

15)

Charge No.

:

C201003598

 

Date of Registration

:

30/04/2010

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

50,000,000.00 UNITED STATES OF AMERICA, DOLLARS

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

16)

Charge No.

:

C200907624

 

Date of Registration

:

23/11/2009

 

Chargee

:

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

 

Amount Secured  and Currency

:

25,000,000.00 UNITED STATES OF AMERICA, DOLLARS

 

Address

:

---

 

17)

Charge No.

:

C200907622

 

Date of Registration

:

23/11/2009

 

Chargee

:

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

 

Amount Secured  and Currency

:

25,000,000.00 UNITED STATES OF AMERICA, DOLLARS

 

Address

:

---

 

18)

Charge No.

:

C200904843

 

Date of Registration

:

06/08/2009

 

Chargee

:

STANDARD CHARTERED BANK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 BATTERY ROAD SINGAPORE 049909

 

19)

Charge No.

:

C200901490

 

Date of Registration

:

09/03/2009

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

20)

Charge No.

:

C200900874

 

Date of Registration

:

04/02/2009

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

 

 

 

21)

Charge No.

:

C200809279

 

Date of Registration

:

08/10/2008

 

Chargee

:

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

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

22)

Charge No.

:

C200703846

 

Date of Registration

:

23/05/2007

 

Chargee

:

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

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

23)

Charge No.

:

C200703150

 

Date of Registration

:

27/04/2007

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

21 COLLYER QUAY #14-01 HSBC BUILDING SINGAPORE 049320

 

24)

Charge No.

:

C200603754

 

Date of Registration

:

12/06/2006

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809

 

25)

Charge No.

:

C200402533

 

Date of Registration

:

25/05/2004

 

Chargee

:

ING BANK N.V.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

9 RAFFLES PLACE #19-02 REPUBLIC PLAZA SINGAPORE 048619

 

26)

Charge No.

:

C200401379

 

Date of Registration

:

23/03/2004

 

Chargee

:

BNP PARIBAS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

20 COLLYER QUAY #01-01 TUNG CENTRE SINGAPORE 049319

 

27)

Charge No.

:

C200300636

 

Date of Registration

:

18/02/2003

 

Chargee

:

BNP PARIBAS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

20 COLLYER QUAY #01-01 TUNG CENTRE SINGAPORE 049319

 

 

 

 

28)

Charge No.

:

C200300618

 

Date of Registration

:

18/02/2003

 

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

:

31/12/2012

Date of Last AR

:

09/01/2013

Date of A/C Laid At Last AGM

:

30/06/2012
 

 

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

 

JUN 2012

% Change

JUN 2011

JUN 2010

JUN 2009

JUN 2008

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

6,501,328,410

19.40

5,444,806,226

3,896,958,654

4,183,602,960

3,761,140,423

Profit/(Loss) Before Tax

120,060,839

20.67

99,493,870

73,199,415

82,258,273

59,687,694

Profit After Tax attributable

 to Shareholders

109,022,890

16.37

93,684,137

68,258,899

77,709,463

53,535,681

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

721,385,884

-11.58

815,886,711

408,502,197

337,358,602

475,040,332

Current Assets

680,872,818

-13.06

783,128,452

402,002,270

334,840,686

474,101,452

Non Current Assets

40,513,066

23.67

32,758,259

6,499,927

2,517,916

938,880

 

 

 

 

 

 

 

Total Liabilities

529,785,628

-17.82

644,629,815

293,754,431

229,022,733

404,097,152

Current Liabilities

504,554,007

-19.72

628,530,225

273,663,082

229,022,733

404,097,152

Non Current Liabilities

25,231,621

56.72

16,099,590

20,091,349

0

0

 

 

 

 

 

 

 

Shareholders' Funds

191,600,255

11.88

171,256,896

114,747,766

108,335,869

70,943,178

Share Capital

12,589,580

-2.25

12,879,670

14,074,500

14,673,580

14,297,670

Total Reserves

179,010,675

13.03

158,377,226

100,673,266

93,662,289

56,645,508

 

 

FINANCIAL RATIOS 

 

 

Company

 

JUN 2012

JUN 2011

JUN 2010

JUN 2009

JUN 2008

Growth %

 

 

 

 

 

Year-on-Year Growth

19.40

39.72

-6.85

11.23

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

1.68

1.72

1.75

1.86

1.42

Return on Equity (%)

56.90

54.70

59.49

71.73

75.46

Return on Assets (%)

15.11

11.48

16.71

23.03

11.27

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

2.77

3.76

2.56

2.11

5.70

Current Debt/Equity (Times)

2.63

3.67

2.38

2.11

5.70

Long Term Debt To Equity (Times)

0.13

0.09

0.18

0.00

0.00

Total Asset To Total Equity (Times)

3.77

4.76

3.56

3.11

6.70

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

9.01

6.67

9.54

12.40

7.92

Fixed Assets Turnover (Times)

160.47

166.21

599.54

1,661.53

4,005.99

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.35

1.25

1.47

1.46

1.17

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 14.66% (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 1.68 per cent in FY12 (FY11: 1.72 per cent). The company is now able to book in SGD - SIN 0.02 of profit for every SGD - SIN of sales in FY12, as compared with SGD - SIN 0.02 a year ago.

 

Liquidity

Current ratio stood at 1.35 times in FY12 (FY11: 1.25 times). This means that the company has SGD - SIN 1.35 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 2.77 times in FY12, compared with 3.76 times in FY11. This means that the company requires additional external financing of SGD - SIN 2.77 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 56.90 per cent for Subject in the current financial period, as compared to 54.70 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 15.11 per cent (FY11: 11.48 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 9.01 times in FY12 (FY11: 6.67 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.54.03

UK Pound

1

Rs.82.43

Euro

1

Rs.70.49

 

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

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NB

New Business

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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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