MIRA INFORM REPORT

 

 

Report Date :

24.12.2013

 

IDENTIFICATION DETAILS

 

Name :

TOEPFER INTERNATIONAL-ASIA PTE LTD

 

 

Formerly Known As :

ALFRED C. TOEPFER INTERNATIONA L PTE LTD

 

 

Registered Office :

100 Beach Road #26-01 Shaw Towers Singapore 189702

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

01.09.1976

 

 

Com. Reg. No.:

197601775R

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

·         Wholesale of Other Specific Commodities

·         Wholesale Trading In Agricultural Commodities

 

 

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 :

Slow but correct

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.

Source : CIA

 

Company Name:

Registered Number:

TOEPFER INTERNATIONAL-ASIA PTE LTD

197601775R

 

Date Incorporated:

Registered Office:

Telephone Number:

01/09/1976

100 BEACH ROAD #26-01 SHAW TOWERS SINGAPORE 189702

6622 2400

Age of Company:

Website:

Industry Type:

37

http://www.acti.de/

COMMERCE-WHOLESALE

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

1

NA

The entity is paying current to the creditors

No. of Charges(s):
0

Industry DTC

 

23

 

Directors

 

Corporate Structure

Number of Current Directors

4

Holding Company:

ALFRED C. TOEPFER INTERNATIONAL NETHERLANDS B.V.

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

2

 

EXECUTIVE SUMMARY

 

Company Name

:

TOEPFER INTERNATIONAL-ASIA PTE LTD

Registration No

:

197601775R

Date of Registration

:

01/09/1976

Former Name

:

ALFRED C. TOEPFER INTERNATIONA L PTE LTD Eff. date : 01/09/1976

Date of Change of Name

:

12/03/1988

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

100 BEACH ROAD #26-01 SHAW TOWERS SINGAPORE 189702

Date of Change of Address

:

08/01/2011

Contact No.

:

6622 2400

Fax No.

:

6292 7556

Website

:

http://www.acti.de/

Registered Activities

:

1. WHOLESALE OF OTHER SPECIFIC COMMODITIES NEC

WHOLESALE TRADING IN AGRICULTURAL COMMODITIES

2. WHOLESALE OF CHEMICAL FERTILISERS

WHOLESALE TRADING IN FERTILIZERS AND ENERGY PRODUCTS

Issued Ordinary Capital*

:

$17,201,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 17,201

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$17,201,000.00 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

:

2

No. of Local Associates

:

NA

Auditor

:

ERNST & YOUNG LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 6,540,162,573.00 (FY2011)

Net Worth

:

SGD - SIN 75,516,573.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

1

 

S1000 / SME 1000 / FG50 Ranking

:

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

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

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

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

48 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

Compounded Annual Growth Rate (CAGR)

:

10.34% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

ALFRED C. TOEPFER INTERNATIONAL NETHERLANDS B.V.

SHAREHOLDER ID

:

T04UF2175L

NATIONALITY

:

NETHERLANDS

ADDRESS

:

BOOMPJES 40, 3011 XB ROTTERDAM THE NETHERLANDS

NO. OF ORD SHARES

:

17,201

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

STEFFEN HOLSTEN

ADDRESS

:

MUEHLENKAMP 2A, 27383 SCHEESSEL GERMANY

POSITION

:

DIRECTOR

DATE OF APPT

:

18/12/2012

NATIONALITY

:

GERMAN

I/C PASSPORT

:

168607760

 

NAME

:

ROBERT DANIEL NISSER JR

ADDRESS

:

FERDINANDS HOEH 13, 22587 HAMBURG GERMANY

POSITION

:

DIRECTOR

DATE OF APPT

:

18/12/2012

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

422736047

 

NAME

:

DOMINGO ALEJANDRO LASTRA

ADDRESS

:

1801 KENSINGTON KNOLL DRIVE CHAMPAIGN, IL 61822, USA

POSITION

:

DIRECTOR

DATE OF APPT

:

18/12/2012

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

488808224

 

NAME

:

YIP MOH SOW,CHRISTINA

ADDRESS

:

718 UPPER CHANGI ROAD EAST #02-09 CHANGI GREEN SINGAPORE 486849

POSITION

:

SECRETARY

DATE OF APPT

:

01/03/1979

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1251595B

 

NAME

:

FREDERIK CHRISTOPH GROTH

ADDRESS

:

18 LEEDON ROAD SINGAPORE 267838

POSITION

:

DIRECTOR

DATE OF APPT

:

18/12/2012

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7365827F

 

 

KEY PERSONNEL PROFILE

 

Name:

STEFFEN HOLSTEN

NRIC Number:

168607760

Available Address:

MUEHLENKAMP 2A, 27383 SCHEESSEL GERMANY

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

No Trace

 

 

 

 

 

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

 

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 (%)

 

INTERMARE TRANSPORT PTE. LTD.

100

TOEPFER INTERNATIONAL-ASIA (INVESTMENT) PTE. LTD.

100

 

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

 

To date, there has been 1 litigation suit 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

0

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

0

0

High (>$250,000)

0

1

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Supreme Court

 

Case No.

:

592

 

Transfer

:

-

 

Date of Filing

:

19/08/2005

 

Amount

:

USD 989,749.45

USD 5,500,000.00

 

Cause

:

Contract - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

RAIFFEISEN ZENTRALBANK OSTERREICH AG, SINGAPORE BRANCH

 

 

COMPLIANCE

 

Date of Last AGM

:

12/06/2012

Date of Last AR

:

10/07/2012

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

NOV 2009

NOV 2008

NOV 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

6,540,162,573

11.58

5,861,216,760

4,515,176,418

7,553,636,734

4,411,955,398

Profit/(Loss) Before Tax

(4,017,440)

NA

25,618,030

21,605,180

127,693,140

85,225,656

Profit After Tax attributable

 to Shareholders

(4,097,789)

NA

24,163,809

19,804,262

119,985,937

80,674,691

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

718,122,422

25.44

572,474,777

485,068,084

567,364,957

528,232,070

Current Assets

707,369,493

24.55

567,940,226

479,100,994

559,055,123

508,519,777

Non Current Assets

10,752,929

137.13

4,534,551

5,967,090

8,309,834

19,712,293

 

 

 

 

 

 

 

Total Liabilities

642,605,849

32.23

485,964,987

360,094,599

395,013,515

397,465,052

Current Liabilities

642,605,849

32.23

485,964,987

360,094,599

395,013,515

397,465,052

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

75,516,573

-12.71

86,509,792

124,973,485

172,351,443

130,767,017

Share Capital

12,554,500

-7.97

13,641,850

14,582,330

14,113,170

15,099,420

Total Reserves

62,962,073

-13.59

72,867,942

110,391,155

158,238,273

115,667,597

 

 

 

 

 

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

NOV 2009

NOV 2008

NOV 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

11.58

29.81

-40.23

71.21

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

-0.06

0.41

0.44

1.59

1.83

Return on Equity (%)

-5.43

27.93

15.85

69.62

61.69

Return on Assets (%)

-0.57

4.22

4.08

21.15

15.27

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

8.51

5.62

2.88

2.29

3.04

Current Debt/Equity (Times)

8.51

5.62

2.88

2.29

3.04

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

9.51

6.62

3.88

3.29

4.04

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

9.11

10.24

9.31

13.31

8.35

Fixed Assets Turnover (Times)

608.22

1,292.57

756.68

909.00

223.82

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.10

1.17

1.33

1.42

1.28

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 10.34% (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

We are unable to comment on Subject's profitability.

 

Liquidity

 

Current ratio stood at 1.10 times in FY11 (FY10: 1.17 times). This means that the company has SGD - SIN 1.10 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 8.51 times in FY11, compared with 5.62 times in FY10. This means that the company requires additional external financing of SGD - SIN 8.51 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 9.11 times in FY11 (FY10: 10.24 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.61.99

UK Pound

1

Rs.101.37

Euro

1

Rs.84.82

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.