MIRA INFORM REPORT

 

 

Report Date :

23.02.2013

 

IDENTIFICATION DETAILS

 

Name :

YAMAZAKI MAZAK SINGAPORE PTE LTD

 

 

Registered Office :

21 Joo Koon Circle Jurong Singapore 629053

 

 

Country :

Singapore

 

 

Financials (as on) :

March 2012

 

 

Date of Incorporation :

02.09.1988

 

 

Com. Reg. No.:

198803160G

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Manufacture and Repair of Machinery and Machine-Tools - Metal Cutting Types (Eg Lathes, Milling Machines, Shaping Machines)

 

 

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:

YAMAZAKI MAZAK SINGAPORE PTE LTD

198803160G

 

Date Incorporated:

Registered Office:

Telephone Number:

02/09/1988

21 JOO KOON CIRCLE JURONG SINGAPORE 629053

6862 1131

Age of Company:

Website:

Industry Type:

25

www.mazak.com.sg

MANUFACTURING

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

1

2

eq

Payment pattern as per previous month

No. of Charges(s):
0

Industry DTC

 

46

 

Directors

 

Corporate Structure

Number of Current Directors

7

Holding Company:

YAMAZAKI MAZAK NEDERLAND B V

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

 

EXECUTIVE SUMMARY

 

Company Name

:

YAMAZAKI MAZAK SINGAPORE PTE LTD

Registration No

:

198803160G

Date of Registration

:

02/09/1988

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

21 JOO KOON CIRCLE JURONG SINGAPORE 629053

Date of Change of Address

:

02/12/1991

Contact No.

:

6862 1131

Fax No.

:

6861 9284

Website

:

www.mazak.com.sg

Registered Activities

:

MANUFACTURE AND REPAIR OF MACHINERY AND MACHINE-TOOLS - METAL CUTTING TYPES (EG LATHES, MILLING MACHINES, SHAPING MACHINES)

Issued Ordinary Capital*

:

$22,200,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 22,200,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$22,200,000.00 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

:

DELOITTE & TOUCHE LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 203,285,084.00 (FY2012)

Net Worth

:

SGD - SIN 150,790,867.00 (FY2012)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

1

S1000 / SME 1000 / FG50 Ranking

:

1197 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2011/2012)

1330 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

1593 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

1021 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

1134 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2008/2009)

Compounded Annual Growth Rate (CAGR)

:

NA

 

SHAREHOLDER DETAILS

 

NAME

:

YAMAZAKI MAZAK NEDERLAND B V

SHAREHOLDER ID

:

S88UF0387D

NATIONALITY

:

NETHERLANDS

ADDRESS

:

PEPPELKADE 54, NL-3992 AK HOUTEN THE NETHERLANDS

NO. OF ORD SHARES

:

22,200,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

KENICHI NAGANO

ADDRESS

:

1 JALAN MEMBINA #04-02 CENTRAL GREEN CONDOMINIUM SINGAPORE 169479

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

25/11/2011

25/11/2011

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

F5639912R

 

NAME

:

YUKIHIKO TOGASHI

ADDRESS

:

263 RIVER VALLEY ROAD #05-14 ASPEN HEIGHTS SINGAPORE 238309

POSITION

:

DIRECTOR

DATE OF APPT

:

30/07/2008

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

G6089322K

 

NAME

:

VIVEK SHARMA

ADDRESS

:

1 TAMAN NAKHODA #07-02 HOLLAND GEMS SINGAPORE 257742

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

25/09/2009

25/09/2009

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G6295902P

 

NAME

:

TOMOHISA YAMAZAKI

ADDRESS

:

61-4 NANZAN, HIROKOJI-CHO, SHOWA-KU NAGOYA-CITY, AICHI-PREF, JAPAN

POSITION

:

DIRECTOR

DATE OF APPT

:

26/04/1996

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

MM3623909

 

NAME

:

TAKASHI YAMAZAKI

ADDRESS

:

30-1 MYOUKEN-CHO, SHOWA-KU NAGOYA-CITY, AICHI-PREF, JAPAN

POSITION

:

DIRECTOR

DATE OF APPT

:

08/04/1996

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

MZ0057411

 

NAME

:

CHONG KWAI SOON

ADDRESS

:

717 CLEMENTI WEST STREET 2 #19-107 SINGAPORE 120717

POSITION

:

DIRECTOR

DATE OF APPT

:

25/09/2009

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1525592G

 

 

OFFICER DETAILS

 

NAME

:

CHAN LILY

ADDRESS

:

259A COMPASSVALE ROAD #13-609 SINGAPORE 541259

POSITION

:

SECRETARY

DATE OF APPT

:

13/11/2000

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2668267C

 

NAME

:

NORIHIKO SHIMIZU

ADDRESS

:

3-7 MATSUZUKI-CHO, MIZUHO-KU NAGOYA-CITY, AICHI-PREF, JAPAN

POSITION

:

DIRECTOR

DATE OF APPT

:

18/01/2002

NATIONALITY

:

JAPANESE

I/C PASSPORT

:

TZ0127098

 

 

 

 

KEY PERSONNEL PROFILE

 

Name:

KENICHI NAGANO

NRIC Number:

F5639912R

Available Address:

1 JALAN MEMBINA #04-02 CENTRAL GREEN CONDOMINIUM  SINGAPORE 169479

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

YAMAZAKI MAZAK SINGAPORE PTE LTD

DIRECTOR

25/11/2011

-

NA

2

YAMAZAKI MAZAK SINGAPORE PTE LTD

MANAGING DIRECTOR

25/11/2011

-

NA

 

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 (%)

 

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 3  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

2

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

:

Magistrate Court

 

Case No.

:

27397

 

Transfer

:

-

 

Date of Filing

:

11/11/2011

 

Amount

:

4,060.20

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

PENDING

 

Plaintiff

:

NG LAY HOE

 

2)

Court

:

Magistrate Court

 

Case No.

:

5164

 

Transfer

:

-

 

Date of Filing

:

29/02/2008

 

Amount

:

0.00

 

Cause

:

Tort - Negligence (Motor Accidents Without Death/ Injury)

 

Case Status

:

CONCLUDED

 

Plaintiff

:

MOHAMMED REZKI AZHAR SHAHRI

 

LITIGATION

 

3)

Court

:

Supreme Court

 

Case No.

:

511

 

Transfer

:

-

 

Date of Filing

:

14/08/2007

 

Amount

:

2,017,814.85

 

Cause

:

Tort - Others

 

Case Status

:

CONCLUDED

 

Plaintiff

:

DBS BANK LTD

 

COMPLIANCE

 

Date of Last AGM

:

28/09/2012

Date of Last AR

:

10/10/2012

Date of A/C Laid At Last AGM

:

31/03/2012
 

COMPLIANCE RATING FOR ANNUAL FILING

 

http://www.bizfile.gov.sg/mybizfile/prod/pop_up/Tick.png

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

 

MAR 2012

% Change

MAR 2011

MAR 2010

MAR 2009

MAR 2008

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

203,285,084

32.41

153,524,494

112,027,028

163,640,656

232,997,806

Profit/(Loss) Before Tax

10,543,986

185.06

3,698,835

1,263,389

13,597,459

27,648,705

Profit After Tax attributable

 to Shareholders

8,883,802

206.08

2,902,457

516,440

10,757,368

24,043,267

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

218,689,055

12.30

194,730,490

179,097,623

187,017,542

201,995,443

Current Assets

198,885,313

14.95

173,023,251

154,320,831

159,668,167

172,047,890

Non Current Assets

19,803,742

-8.77

21,707,239

24,776,792

27,349,375

29,947,553

 

 

 

 

 

 

 

Total Liabilities

67,898,188

37.60

49,343,556

32,182,771

40,575,647

61,892,096

Current Liabilities

66,372,890

35.50

48,984,556

30,963,771

40,351,647

61,668,096

Non Current Liabilities

1,525,298

324.87

359,000

1,219,000

224,000

224,000

 

 

 

 

 

 

 

Shareholders' Funds

150,790,867

3.72

145,386,934

146,914,852

146,441,895

140,103,347

Share Capital

22,200,000

0.00

22,200,000

22,200,000

22,200,000

22,200,000

Total Reserves

128,590,867

4.39

123,186,934

124,714,852

124,241,895

117,903,347

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

MAR 2012

MAR 2011

MAR 2010

MAR 2009

MAR 2008

Growth %

 

 

 

 

 

Year-on-Year Growth

32.41

37.04

-31.54

-29.77

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

4.37

1.89

0.46

6.57

10.32

Return on Equity (%)

5.89

2.00

0.35

7.35

17.16

Return on Assets (%)

4.06

1.49

0.29

5.75

11.90

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.45

0.34

0.22

0.28

0.44

Current Debt/Equity (Times)

0.44

0.34

0.21

0.28

0.44

Long Term Debt To Equity (Times)

0.01

0.00

0.01

0.00

0.00

Total Asset To Total Equity (Times)

1.45

1.34

1.22

1.28

1.44

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.93

0.79

0.63

0.88

1.15

Fixed Assets Turnover (Times)

10.26

7.07

4.52

5.98

7.78

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

3.00

3.53

4.98

3.96

2.79

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

 

Profitability

The company yielded a rate of net profit on sales of 4.37 per cent in FY12 (FY11: 1.89 per cent). The company is now able to book in SGD - SIN 0.04 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 3.00 times in FY12 (FY11: 3.53 times). This means that the company has SGD - SIN 3.00 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.

 

FINANCIAL COMMENTARY

 

Leverage

Total debt-to-equity ratio notched 0.45 times in FY12, compared with 0.34 times in FY11. This means that the company requires additional external financing of SGD - SIN 0.45 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 5.89 per cent for Subject in the current financial period, as compared to 2.00 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 4.06 per cent (FY11: 1.49 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 0.93 times in FY12 (FY11: 0.79 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.54.42

UK Pound

1

Rs.83.20

Euro

1

Rs.71.90

 

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.