MIRA INFORM REPORT

 

 

Report Date :

18.02.2013

 

IDENTIFICATION DETAILS

 

Name :

TECK INTERNATIONAL PTE LTD

 

 

Registered Office :

1 Upper Aljunied Link #06-05/06 Blk A, Joo Seng Warehse Singapore 367901

 

 

Country :

Singapore

 

 

Financials (as on) :

December 2011

 

 

Date of Incorporation :

05.02.1976

 

 

Com. Reg. No.:

197600239Z

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Distributors Exporters & Importers of Semiconductors & Electronics Components

 

 

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

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:

TECK INTERNATIONAL PTE LTD

197600239Z

 

Date Incorporated:

Registered Office:

Telephone Number:

05/02/1976

1 UPPER ALJUNIED LINK #06-05/06 BLK A, JOO SENG WAREHSE SINGAPORE 367901

6287 9633

Age of Company:

Website:

Industry Type:

37

www.lionex-teck.com.sg

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):
5

Industry DTC

 

25

 

Directors

 

Corporate Structure

Number of Current Directors

5

Holding Company:

NA

Number that are shareholders

6

No. of Subsidiaries & Associated Companies:

1

 

 

EXECUTIVE SUMMARY

 

Company Name

:

TECK INTERNATIONAL PTE LTD

Registration No

:

197600239Z

Date of Registration

:

05/02/1976

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

1 UPPER ALJUNIED LINK #06-05/06 BLK A, JOO SENG WAREHSE SINGAPORE 367901

Date of Change of Address

:

01/08/1996

Contact No.

:

6287 9633

Fax No.

:

6287 9622

Website

:

www.lionex-teck.com.sg

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

DISTRIBUTORS EXPORTERS & IMPORTERS OF SEMICONDUCTORS & ELECTRONICS COMPONENTS

Issued Ordinary Capital*

:

$4,000,000.00 SINGAPORE, DOLLARS , NO. OF SHARE : 4,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$4,000,000.00 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

:

1

Auditor

:

LEE BOON SONG & CO

Bankers / Financiers

:

DBS BANK LTD.

UNITED OVERSEAS BANK LIMITED

THE DEVELOPMENT BANK OF SINGAPORE LIMITED

Turnover

:

SINGAPORE, DOLLARS 34,646,981.00 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 11,334,341.00 (FY2011)

No. of Bank Charges

:

5

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

279 POSITION IN SME 1000 Companies Ranked by Sales/Turnover (2011/2012)

134 POSITION IN SME 1000 Companies Ranked by Sales/Turnover (2010/2011)

196 POSITION IN SME 1000 Companies Ranked by Sales/Turnover (2009/2010)

36 POSITION IN SME 500 Companies Ranked by Sales/Turnover (2008/2009)

16 POSITION IN SME 500 Companies Ranked by Sales/Turnover (2007/2008)

Compounded Annual Growth Rate (CAGR)

:

NA

 

SHAREHOLDER DETAILS

 

NAME

:

HIN LAM TRADING COMPANY PRIVATE LIMITED

SHAREHOLDER ID

:

197600023M

NATIONALITY

:

SINGAPORE

ADDRESS

:

1 UPPER ALJUNIED LINK #04-06 SINGAPORE 367901

NO. OF ORD SHARES

:

1,651,667

% OF SHAREHOLDING

:

41.3%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

WOO MEI LIN,MISS

SHAREHOLDER ID

:

S0100470J

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

1B SANDY LANE SINGAPORE 437311

NO. OF ORD SHARES

:

658,333

% OF SHAREHOLDING

:

16.5%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LOO YONG CHUAN

SHAREHOLDER ID

:

S0354221A

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

9 CANTONMENT CLOSE #19-77 SINGAPORE 080009

NO. OF ORD SHARES

:

640,000

% OF SHAREHOLDING

:

16%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LOO TECK KOON

SHAREHOLDER ID

:

S0064969D

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

19 DUNSFOLD DRIVE BRADDELL HEIGHTS ESTATE SINGAPORE 359381

NO. OF ORD SHARES

:

350,000

% OF SHAREHOLDING

:

8.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LOO KIM CHUAN

SHAREHOLDER ID

:

S0152897A

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

36 GOODMAN ROAD SINGAPORE 439002

NO. OF ORD SHARES

:

350,000

% OF SHAREHOLDING

:

8.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

LOO CHONG EIK

SHAREHOLDER ID

:

S7911332H

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

34 GOODMAN ROAD SINGAPORE 438997

NO. OF ORD SHARES

:

350,000

% OF SHAREHOLDING

:

8.8%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

LOO TECK KOON

ADDRESS

:

19 DUNSFOLD DRIVE BRADDELL HEIGHTS ESTATE SINGAPORE 359381

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

05/02/1976

05/02/1976

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0064969D

 

NAME

:

LOO KIM CHUAN

ADDRESS

:

36 GOODMAN ROAD SINGAPORE 439002

POSITION

:

DIRECTOR

DATE OF APPT

:

13/08/1987

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0152897A

 

NAME

:

TAY QUEE MENG

ADDRESS

:

23 HOUGANG AVENUE 3 #04-287 SINGAPORE 530023

POSITION

:

SECRETARY

DATE OF APPT

:

30/06/1988

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0299917Z

 

NAME

:

LOO YONG CHUAN

ADDRESS

:

9 CANTONMENT CLOSE #19-77 SINGAPORE 080009

POSITION

:

DIRECTOR

DATE OF APPT

:

05/02/1976

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0354221A

 

NAME

:

LOO KIM PHECK

ADDRESS

:

12 AMBER GARDENS #02-07 KING'S MANSION SINGAPORE 439959

POSITION

:

DIRECTOR

DATE OF APPT

:

08/10/2003

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1610292Z

 

NAME

:

LOO CHONG EIK

ADDRESS

:

34 GOODMAN ROAD SINGAPORE 438997

POSITION

:

 

DIRECTOR

DATE OF APPT

:

 

09/06/2008

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7911332H

 

 

KEY PERSONNEL PROFILE

 

Name:

LOO TECK KOON

NRIC Number:

S0064969D

Available Address:

19 DUNSFOLD DRIVE BRADDELL HEIGHTS ESTATE  SINGAPORE 359381

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

HIN LAM TRADING COMPANY PRIVATE LIMITED

DIRECTOR

09/01/1976

460000

27.05

2

LIONEX ELECTRONICS (SINGAPORE) PRIVATE LIMITED

MANAGING DIRECTOR

08/10/2007

750000

15.00

3

LIONEX ELECTRONICS (SINGAPORE) PRIVATE LIMITED

DIRECTOR

31/05/1979

750000

15.00

4

TECK INTERNATIONAL PTE LTD

DIRECTOR

05/02/1976

-

NA

5

TECK INTERNATIONAL PTE LTD

MANAGING DIRECTOR

05/02/1976

-

NA

6

TECK INTERNATIONAL PTE LTD

DIRECTOR

-

350000

8.75

7

TECK INTERNATIONAL PTE LTD

MANAGING DIRECTOR

-

350000

8.75

 

 

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 (%)

 

LIONEX ELECTRONICS (SINGAPORE) PRIVATE LIMITED

32.6

                                                                                                                       

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 5 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C200405389

 

Date of Registration

:

29/10/2004

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809

 

2)

Charge No.

:

C200400513

 

Date of Registration

:

28/01/2004

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809

 

3)

Charge No.

:

9201018

 

Date of Registration

:

13/03/1992

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

4)

Charge No.

:

8500307

 

Date of Registration

:

26/01/1985

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

300,000.00 SINGAPORE, DOLLARS

 

Address

:

80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

 

5)

Charge No.

:

199803464

 

Date of Registration

:

07/07/1998

 

Chargee

:

THE DEVELOPMENT BANK OF SINGAPORE LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

 

 

             

LITIGATION

 

Clear

 

COMPLIANCE

 

Date of Last AGM

:

30/06/2012

Date of Last AR

:

26/07/2012

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

DEC 2009

DEC 2008

DEC 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

34,646,981

-27.15

47,560,673

41,079,521

60,062,148

67,023,770

Profit/(Loss) Before Tax

(75,839)

NA

380,437

(1,159,792)

29,473

(45,434)

Profit After Tax attributable

 to Shareholders

(75,839)

NA

420,437

(1,152,729)

13,479

(53,104)

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

22,509,343

4.65

21,509,765

21,604,932

32,618,506

38,963,095

Current Assets

16,944,996

6.60

15,895,173

16,258,712

27,272,148

33,482,991

Non Current Assets

5,564,347

-0.89

5,614,592

5,346,220

5,346,358

5,480,104

 

 

 

 

 

 

 

Total Liabilities

11,175,002

11.08

10,059,949

10,575,553

20,436,398

26,794,466

Current Liabilities

10,831,172

13.21

9,567,085

9,950,798

19,713,115

25,948,272

Non Current Liabilities

343,830

-30.24

492,864

624,755

723,283

846,194

 

 

 

 

 

 

 

Shareholders' Funds

11,334,341

-1.01

11,449,816

11,029,379

12,182,108

12,168,629

Share Capital

4,000,000

0.00

4,000,000

4,000,000

4,000,000

4,000,000

Total Reserves

7,334,341

-1.55

7,449,816

7,029,379

8,182,108

8,168,629

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

-27.15

15.78

-31.60

-10.39

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

-0.22

0.88

-2.81

0.02

-0.08

Return on Equity (%)

-0.67

3.67

-10.45

0.11

-0.44

Return on Assets (%)

-0.34

1.95

-5.34

0.04

-0.14

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.99

0.88

0.96

1.68

2.20

Current Debt/Equity (Times)

0.96

0.84

0.90

1.62

2.13

Long Term Debt To Equity (Times)

0.03

0.04

0.06

0.06

0.07

Total Asset To Total Equity (Times)

1.99

1.88

1.96

2.68

3.20

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

1.54

2.21

1.90

1.84

1.72

Fixed Assets Turnover (Times)

6.23

8.47

7.68

11.23

12.23

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.56

1.66

1.63

1.38

1.29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Profitability

We are unable to comment on Subject's profitability.

 

 

Liquidity

 

Current ratio stood at 1.56 times in FY11 (FY10: 1.66 times). This means that the company has SINGAPORE, DOLLARS 1.56 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.

 

FINANCIAL COMMENTARY

 

Leverage

Total debt-to-equity ratio notched 0.99 times in FY11, as compared with 0.88 times in FY10. This means that the company requires additional external financing of SINGAPORE, DOLLARS 0.99 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.

 

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: 2.21 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.53.98

UK Pound

1

Rs.83.72

Euro

1

Rs.72.08

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.