MIRA INFORM REPORT
|
Report Date : |
21.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ENTERPRISE ADVANCED SYSTEM INTELLIGENCE PTE.
LTD. |
|
|
|
|
Registered Office : |
623 Aljunied Road #07-01 Aljunied Industrial Complex Singapore 389835 |
|
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Country : |
Singapore |
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Financials (as on) : |
December 2012 |
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|
|
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Date of Incorporation : |
22.07.2005 |
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Com. Reg. No.: |
200510152N |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Development of other software and programming activities Computer systems integration activities |
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|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow |
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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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.
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Source : CIA |
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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 |
65474401 |
|
Age of Company: |
Website: |
Industry Type: |
|
8 |
www.EPTconsulting.com |
INFORMATION & COMMUNICATIONS |
|
Risk Dashboard |
||
|
Debts Turn Cash |
Trend: |
No. of
Litigation Counts: |
|
Company DTC: |
NA |
|
|
NA |
||
|
The entity is
paying current to the creditors |
No. of
Charges(s): |
|
|
Industry DTC |
|
|
|
36 |
||
|
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
|
: |
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. |
: |
65474401 |
|
Fax No. |
: |
67480625 |
|
Website |
: |
|
|
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
2,131,552.00 (FY2012) |
|
Net Worth |
: |
SINGAPORE, DOLLARS
403,165.00 (FY2012) |
|
No. of Bank Charges |
: |
NA |
|
No. of Litigation Suits |
: |
NA |
|
S1000 / SME 1000 / FG50
Ranking |
: |
|
|
Compounded Annual Growth
Rate (CAGR) |
: |
11.2% (4
years) |
SHAREHOLDER DETAILS
|
: |
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
|
: |
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
|
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 |
% |
|
ENTERPRISE ADVANCED SYSTEM
INTELLIGENCE PTE. LTD. |
DIRECTOR |
01/10/2005 |
- |
NA |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known Inactive Date |
|
GOLDEN ACCESS PTE. LTD. |
DISSOLVED - MEMBERS' VOLUNTARY
WINDING UP |
DIRECTOR |
17/10/2002 |
- |
Bankruptcy Record
|
Case
No. |
Year |
Date
of Filing |
Petitioner
Name |
Amount |
|
|
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|
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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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|
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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 |
: |
12/07/2013 |
|
Date of A/C Laid At Last AGM |
: |
31/12/2012 |
FINANCIAL HIGHLIGHTS
|
Financial Figures |
||||||
|
|
DEC 2012 |
% Change |
DEC 2011 |
DEC 2010 |
DEC 2009 |
DEC 2008 |
|
Currency |
SINGAPORE,
DOLLARS |
|
SINGAPORE,
DOLLARS |
SINGAPORE,
DOLLARS |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
|
|
|
|
|
|
|
2,131,552 |
52.73 |
1,395,665 |
1,874,600 |
1,597,108 |
1,394,200 |
|
|
Profit/(Loss) Before Tax |
58,180 |
NA |
(97,084) |
(37,559) |
115,467 |
37,459 |
|
Profit After Tax attributable to Shareholders |
58,180 |
NA |
(91,137) |
(37,388) |
105,132 |
34,486 |
|
|
|
|
|
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Balance Sheet Key Figures |
|
|
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|
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Total Assets |
1,254,396 |
74.09 |
720,550 |
743,397 |
877,463 |
715,804 |
|
Current Assets |
1,230,446 |
75.83 |
699,812 |
711,327 |
828,995 |
655,982 |
|
Non Current Assets |
23,950 |
15.49 |
20,738 |
32,070 |
48,468 |
59,822 |
|
|
|
|
|
|
|
|
|
Total Liabilities |
851,231 |
126.65 |
375,565 |
557,275 |
653,952 |
597,425 |
|
Current Liabilities |
846,497 |
132.06 |
364,773 |
541,679 |
633,445 |
572,319 |
|
Non Current Liabilities |
4,734 |
-56.13 |
10,792 |
15,596 |
20,507 |
25,106 |
|
|
|
|
|
|
|
|
|
Shareholders' Funds |
403,165 |
16.86 |
344,985 |
186,122 |
223,511 |
118,379 |
|
Share Capital |
300,000 |
0.00 |
300,000 |
50,000 |
50,000 |
50,000 |
|
Total Reserves |
103,165 |
129.33 |
44,985 |
136,122 |
173,511 |
68,379 |
|
|
|
|
|
|
|
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FINANCIAL RATIOS
|
|
|||||
|
|
DEC
2012 |
DEC
2011 |
DEC
2010 |
DEC
2009 |
DEC
2008 |
|
Growth % |
|
|
|
|
|
|
52.73 |
-25.55 |
17.37 |
14.55 |
NA |
|
|
|
|
|
|
|
|
|
Profitability |
|
|
|
|
|
|
Profit Margin (%) |
2.73 |
-6.53 |
-1.99 |
6.58 |
2.47 |
|
Return on Equity (%) |
14.43 |
-26.42 |
-20.09 |
47.04 |
29.13 |
|
Return on Assets (%) |
4.64 |
-12.65 |
-5.03 |
11.98 |
4.82 |
|
|
|
|
|
|
|
|
Leverage |
|
|
|
|
|
|
Total Debt/Equity (Times) |
2.11 |
1.09 |
2.99 |
2.93 |
5.05 |
|
Current Debt/Equity (Times) |
2.10 |
1.06 |
2.91 |
2.83 |
4.83 |
|
Long Term Debt To Equity (Times) |
0.01 |
0.03 |
0.08 |
0.09 |
0.21 |
|
Total Asset To Total Equity (Times) |
3.11 |
2.09 |
3.99 |
3.93 |
6.05 |
|
|
|
|
|
|
|
|
Asset Management |
|
|
|
|
|
|
Total Assets Turnover (Times) |
1.70 |
1.94 |
2.52 |
1.82 |
1.95 |
|
Fixed Assets Turnover (Times) |
89.00 |
67.30 |
58.45 |
32.95 |
23.31 |
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
Current Ratio (Times) |
1.45 |
1.92 |
1.31 |
1.31 |
1.15 |
|
|
|
|
|
|
|
FINANCIAL COMMENTARY
Compound
Annual Growth Rate
The company's CAGR is 11.2% (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 2.73 per cent in FY12. The company is now able to book
in SINGAPORE, DOLLARS 0.03 of profit for every SINGAPORE, DOLLARS of sales.
Liquidity
Current ratio stood at 1.45 times in FY12
(FY11: 1.92 times). This means that the company has SINGAPORE, DOLLARS 1.45 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 2.11 times in FY12, as compared with 1.09 times in FY11. This means
that the company requires additional external financing of SINGAPORE, DOLLARS
2.11 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.
s
Efficiency Ratio
Return on equity was 14.43 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 4.64 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 1.70 times in FY12 (FY11: 1.94
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.63.73 |
|
UK Pound |
1 |
Rs.99.79 |
|
Euro |
1 |
Rs.85.07 |
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.