MIRA INFORM REPORT

 

 

Report Date :

18.02.2013

 

IDENTIFICATION DETAILS

 

Name :

CAMERON (SINGAPORE) PTE. LTD.

 

 

Formerly Known As :

COOPER CAMERON (SINGAPORE) PTE. LTD. Eff. date : 18/10/1995 Eff. date : 18/10/1995

 

 

Registered Office :

2 Gul Circle Singapore 629560

 

 

Country :

Singapore

 

 

Financials (as on) :

December, 2011

 

 

Date of Incorporation :

19.06.1974

 

 

Com. Reg. No.:

197401101H

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Manufacture and Repair of Other Oilfield and Gasfield Machinery and Equipment (Eg Derricks, Tool Joints)

 

 

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 :

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 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:

CAMERON (SINGAPORE) PTE. LTD.

197401101H

 

Date Incorporated:

Registered Office:

Telephone Number:

19/06/1974

2 GUL CIRCLE SINGAPORE 629560

6861 3355

Age of Company:

Website:

Industry Type:

39

www.c-a-m.com

MANUFACTURING

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

2

16

Worse off than last month; last month the entity took 10 days to pay

No. of Charges(s):
0

Industry DTC

 

46

 

Directors

 

Corporate Structure

Number of Current Directors

3

Holding Company:

CAMERON APME HOLDING PTY LTD

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

Company name

 

CAMERON (SINGAPORE) PTE. LTD.

 

 

EXECUTIVE SUMMARY

 

Company Name

:

CAMERON (SINGAPORE) PTE. LTD.

Registration No

:

197401101H

Date of Registration

:

19/06/1974

Former Name

:

1.COOPER OIL TOOL (SINGAPORE) PTE LTD Eff. date : 30/12/1991 Eff. date : 30/12/1991

2.COOPER OIL TOOL (SINGAPORE) PTE. LTD. Eff. date : 03/02/1992 Eff. date : 03/02/1992

3.COOPER CAMERON (SINGAPORE) PTE. LTD. Eff. date : 18/10/1995 Eff. date : 18/10/1995

Date of Change of Name

:

21/08/2006

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

2 GUL CIRCLE SINGAPORE 629560

Date of Change of Address

:

NA

Contact No.

:

6861 3355

Fax No.

:

6861 4166

Website

:

www.c-a-m.com

Registered Activities

:

MANUFACTURE AND REPAIR OF OTHER OILFIELD AND GASFIELD MACHINERY AND EQUIPMENT (EG DERRICKS, TOOL JOINTS)

Issued Ordinary Capital*

:

$13,503,227.00 SINGAPORE, DOLLARS , NO. OF SHARE : 13,503,227

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$13,503,227.00 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

:

ERNST & YOUNG LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 454,474,155.00 (FY2011)

Net Worth

:

SGD - SIN 212,688,295.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

2

S1000 / SME 1000 / FG50 Ranking

:

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

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

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

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

501 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2005/2006)

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

SHAREHOLDER DETAILS

 

NAME

:

CAMERON APME HOLDING PTY LTD

SHAREHOLDER ID

:

T10UF0311B

NATIONALITY

:

AUSTRALIA

ADDRESS

:

1 GLENCAIRN AVENUE, DEER PARK, VICTORIA 3023, AUSTRALIA

NO. OF ORD SHARES

:

13,503,227

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

CHRISTOPHER KRUMMEL

ADDRESS

:

1333 WEST LOOP, SOUTH SUITE 1700 HOUSTON, TEXAS 77027

POSITION

:

DIRECTOR

DATE OF APPT

:

30/09/2008

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

134628122

 

NAME

:

WILLIAM C. LEMMER

ADDRESS

:

11836 WINK ROAD HOUSTON, TX 77 024

POSITION

:

DIRECTOR

DATE OF APPT

:

06/03/2000

NATIONALITY

:

AMERICAN SAMOA

I/C PASSPORT

:

15284451

 

NAME

:

HUANG JIAYING

ADDRESS

:

22C SUNSHINE TERRACE SINGAPORE 535698

POSITION

:

SECRETARY

DATE OF APPT

:

01/12/2012

NATIONALITY

:

CHINESE

I/C PASSPORT

:

G5046300T

 

NAME

:

CHEAM HENG WEE

ADDRESS

:

19 DAIRY FARM ROAD #06-02 DAIRY FARM, THE SINGAPORE 679044

POSITION

:

DIRECTOR

SECRETARY

DATE OF APPT

:

10/06/2011

10/06/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7102099A

 

NAME

:

KANCHANA BOOPALAN

ADDRESS

:

186A RIVERVALE DRIVE #07-822 SINGAPORE 541186

POSITION

:

SECRETARY

DATE OF APPT

:

14/04/2010

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7764377Z

 

 

KEY PERSONNEL PROFILE

 

Name:

WILLIAM C. LEMMER

NRIC Number:

15284451

Available Address:

11836 WINK ROAD HOUSTON, TX 77 024

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

CAMERON (SINGAPORE) PTE. LTD.

DIRECTOR

06/03/2000

-

NA

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

Bankruptcy Record

 

(Status include petition filed, order made, discharge, annulment, set aside, rescinded and withdrawn)

 

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Note: Please purchase case details to know the latest status.

 

Litigation Search – Writ of Summons

 

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

NA

 

           

 

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 have been 2  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

1

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.

:

1523

 

Transfer

:

-

 

Date of Filing

:

21/12/2002

 

Amount

:

0.00

 

Cause

:

Contracts - General

 

Case Status

:

CONCLUDED

 

Plaintiff

:

JET DRILLING (S) PTE LTD

JET HOLDING LIMITED

JET SHIPPING LIMITED

MAUREL ET PROM

 

Last Update Date

:

26/10/2007

 

2)

Court

:

Magistrate Court

 

Case No.

:

13575

 

Transfer

:

-

 

Date of Filing

:

08/06/1998

 

Amount

:

5,325.10

 

Cause

:

Contracts - Work Done And Service Rendered

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SEE HOOK IN T/A ALSA PRIVATE INVESTIGATION & SECURITY AGENCY

 

Last Update Date

:

26/10/2007

COMPLIANCE

 

Date of Last AGM

:

30/06/2012

Date of Last AR

:

01/08/2012

Date of A/C Laid At Last AGM

:

31/12/2011

 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN OR ACCOUNTS LATE

 

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

454,474,155

14.72

396,163,312

495,053,708

484,523,171

455,560,417

Profit/(Loss) Before Tax

31,376,206

-53.51

67,497,282

93,134,333

46,762,533

43,944,034

Profit After Tax attributable

 to Shareholders

30,807,488

-49.60

61,126,251

85,176,210

38,079,393

42,226,543

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

362,548,851

-5.82

384,961,618

348,233,697

327,165,595

309,148,422

Current Assets

300,633,824

-7.64

325,513,172

284,891,758

263,087,577

248,672,595

Non Current Assets

61,915,027

4.15

59,448,446

63,341,939

64,078,018

60,475,827

 

 

 

 

 

 

 

Total Liabilities

149,860,556

56.47

95,776,389

99,176,045

134,333,287

144,978,499

Current Liabilities

148,450,686

57.86

94,040,072

97,036,999

131,018,906

144,063,405

Non Current Liabilities

1,409,870

-18.80

1,736,317

2,139,046

3,314,381

915,094

 

 

 

 

 

 

 

Shareholders' Funds

212,688,295

-26.45

289,185,229

249,057,654

192,832,309

164,169,923

Share Capital

10,745,397

-7.74

11,646,659

12,454,483

12,076,535

12,860,899

Total Reserves

201,942,898

-27.24

277,538,570

236,603,171

180,755,774

151,309,024

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

14.72

-19.98

2.17

6.36

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

6.78

15.43

17.21

7.86

9.27

Return on Equity (%)

14.48

21.14

34.20

19.75

25.72

Return on Assets (%)

8.50

15.88

24.46

11.64

13.66

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.70

0.33

0.40

0.70

0.88

Current Debt/Equity (Times)

0.70

0.33

0.39

0.68

0.88

Long Term Debt To Equity (Times)

0.01

0.01

0.01

0.02

0.01

Total Asset To Total Equity (Times)

1.70

1.33

1.40

1.70

1.88

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.25

1.03

1.42

1.48

1.47

Fixed Assets Turnover (Times)

7.34

6.66

7.82

7.56

7.53

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

2.03

3.46

2.94

2.01

1.73

 

 

FINANCIAL COMMENTARY

 

 

Profitability

The company yielded a rate of net profit on sales of 6.78 per cent in FY11 (FY10: 15.43 per cent). The company is now able to book in SGD - SIN 0.07 of profit for every SGD - SIN of sales in FY11, as compared with SGD - SIN 0.15 a year ago.

 

 

Liquidity

 

Current ratio stood at 2.03 times in FY11 (FY10: 3.46 times). This means that the company has SGD - SIN 2.03 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 0.70 times in FY11, as compared with 0.33 times in FY10. This means that the company requires additional external financing of SGD - SIN 0.70 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 14.48 per cent for Subject in the current financial period, as compared to 21.14 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 8.50 per cent (FY10: 15.88 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 1.25 times in FY11 (FY10: 1.03 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 utilizing its resources.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.99

UK Pound

1

Rs.83.72

Euro

1

Rs.72.08

 

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.