MIRA INFORM REPORT

Report Date :

02.07.2013

IDENTIFICATION DETAILS

Name :	TOMEN (SINGAPORE) ELECTRONICS PTE LTD
Registered Office :	175a Bencoolen Street #09-12 Burlington Square Singapore 189650
Country :	Singapore
Financials (as on) :	December 2012
Date of Incorporation :	04.03.1995
Com. Reg. No.:	199501523H
Legal Form :	Limited Private Company
Line of Business :	Wholesale of Electronic Components
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 – March, 31^st, 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:
TOMEN (SINGAPORE) ELECTRONICS PTE LTD	199501523H

Date Incorporated:	Registered Office:	Telephone Number:
04/03/1995	175A BENCOOLEN STREET #09-12 BURLINGTON SQUARE SINGAPORE 189650	6221 1422
Age of Company:	Website:	Industry Type:
18	http://www.tomen-ele.co.jp/english/index.html	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): 0
Industry DTC
23

Directors		Corporate Structure
Number of Current Directors	4	Holding Company:	TOMEN ELECTRONICS CORPORATION
Number that are shareholders	1	No. of Subsidiaries & Associated Companies:	NA

EXECUTIVE SUMMARY

Company Name	:	TOMEN (SINGAPORE) ELECTRONICS PTE LTD
Registration No	:	199501523H
Date of Registration	:	04/03/1995
Former Name	:	NA
Date of Change of Name	:	NA
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	175A BENCOOLEN STREET #09-12 BURLINGTON SQUARE SINGAPORE 189650
Date of Change of Address	:	01/06/2010
Contact No.	:	6221 1422
Fax No.	:	6221 0400
Website	:	http://www.tomen-ele.co.jp/english/index.html
Registered Activities	:	WHOLESALE OF ELECTRONIC COMPONENTS
Issued Ordinary Capital*	:	$500,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 500,000
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$500,000.00 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	:	PRICEWATERHOUSECOOPERS LLP
Bankers / Financiers	:	NA
Turnover	:	SINGAPORE, DOLLARS 225,857,261.51 (FY2012)
Net Worth	:	SINGAPORE, DOLLARS 25,096,117.46 (FY2012)
No. of Bank Charges	:	NA
No. of Litigation Suits	:	NA

EXECUTIVE SUMMARY

S1000 / SME 1000 / FG50 Ranking	:	1024 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2011/2012) 744 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011) 905 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010) 678 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009) 845 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2007/2008)
Compounded Annual Growth Rate (CAGR)	:	NA

SHAREHOLDER DETAILS

NAME	:	TOMEN ELECTRONICS CORPORATION
SHAREHOLDER ID	:	T03UF0318H
NATIONALITY	:	JAPAN
ADDRESS	:	NISSHIN BLDG, 8-27, KOHNAN 1-CHOME, MINATO-KU TOKYO 108-8510, JAPAN
NO. OF ORD SHARES	:	500,000
% OF SHAREHOLDING	:	100%
CURRENCY	:	SINGAPORE, DOLLARS

OFFICER DETAILS

NAME	:	LEONG KHAI MUN
ADDRESS	:	79 FARRER DRIVE #12-02 SOMMERVILLE PARK SINGAPORE 259283
POSITION	:	DIRECTOR
DATE OF APPT	:	20/02/2008
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S1471316F
NAME	:	LOTUS ISABELLA LIM MEI HUA
ADDRESS	:	29 HILLVIEW AVENUE #08-12 HILLVIEW HEIGHTS SINGAPORE 669561
POSITION	:	SECRETARY
DATE OF APPT	:	01/05/2001
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S2171051B
NAME	:	TAKEO SUZUKI
ADDRESS	:	2-403, 5-4, CHUORINKAN 6CHOME YAMATO-SHI, KANAGAWA, JAPAN 242-0007
POSITION	:	DIRECTOR
DATE OF APPT	:	20/06/2013
NATIONALITY	:	JAPANESE
I/C PASSPORT	:	TK0064040
NAME	:	TAKASHI ISHIBASHI
ADDRESS	:	2-24-21-101, YOSHIMOTO-CHO, KOHOKU-KU, YOKOHAMA-CITY, KANAGAWA, 2230062, JAPAN
POSITION	:	DIRECTOR
DATE OF APPT	:	01/01/2009
NATIONALITY	:	JAPANESE
I/C PASSPORT	:	TK9021200
NAME	:	MINORU HIRATA
ADDRESS	:	4-1-106, 7-CHOME, KINUTA, SETAGAYA-KU TOKYO 157-0073, JAPAN
POSITION	:	DIRECTOR
DATE OF APPT	:	06/08/2010
NATIONALITY	:	JAPANESE
I/C PASSPORT	:	TZ0402311

KEY PERSONNEL PROFILE

Name:	LEONG KHAI MUN
NRIC Number:	S1471316F
Available Address:	79 FARRER DRIVE #12-02 SOMMERVILLE PARK SINGAPORE 259283

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
1	TOMEN (SINGAPORE) ELECTRONICS PTE LTD	DIRECTOR	20/02/2008	-	NA

Previous Business

No.	Name	Status	Position	Appt Date	Last Known Inactive Date
1	INGRAM MICRO SEMICONDUCTOR ASIA PTE. LTD.	DISSOLVED - MEMBERS' VOLUNTARY WINDING UP	DIRECTOR	27/03/2005	14/02/2013

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

Clear

COMPLIANCE

Date of Last AGM	:	06/05/2013
Date of Last AR	:	07/05/2013
Date of A/C Laid At Last AGM	:	31/12/2012

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 2012	% Change	DEC 2011	DEC 2010	DEC 2009	DEC 2008
Currency	SINGAPORE, DOLLARS		SGD - SIN	SGD - SIN	SGD - SIN	SGD - SIN
Profit and Loss Key Figures
Turnover	225,857,262	-11.04	253,881,321	337,042,841	232,556,571	282,982,207
Profit/(Loss) Before Tax	373,708	-75.94	1,553,180	1,614,296	417,037	(7,487,078)
Profit After Tax attributable to Shareholders	317,896	-79.09	1,520,133	1,271,240	302,925	(7,298,425)
Balance Sheet Key Figures
Total Assets	75,040,055	7.71	69,670,777	90,585,013	71,217,542	60,061,886
Current Assets	74,454,424	7.87	69,019,447	89,897,364	70,552,631	59,270,418
Non Current Assets	585,630	-10.09	651,330	687,649	664,911	791,468
Total Liabilities	49,943,937	11.70	44,710,641	65,178,995	45,408,752	35,330,030
Current Liabilities	49,943,937	11.70	44,710,641	65,178,995	45,408,752	35,318,637
Non Current Liabilities	0	NA	0	0	0	11,393
Shareholders' Funds	25,096,117	0.54	24,960,136	25,406,018	25,808,790	24,731,855
Share Capital	445,107	-0.73	448,375	485,982	519,691	503,920
Total Reserves	24,651,010	0.57	24,511,761	24,920,036	25,289,099	24,227,935

FINANCIAL RATIOS

	Company
	DEC 2012	DEC 2011	DEC 2010	DEC 2009	DEC 2008
Growth %
Year-on-Year Growth	-11.04	-24.67	44.93	-17.82	NA
Profitability
Profit Margin (%)	0.14	0.60	0.38	0.13	-2.58
Return on Equity (%)	1.27	6.09	5.00	1.17	-29.51
Return on Assets (%)	0.42	2.18	1.40	0.43	-12.15
Leverage
Total Debt/Equity (Times)	1.99	1.79	2.57	1.76	1.43
Current Debt/Equity (Times)	1.99	1.79	2.57	1.76	1.43
Long Term Debt To Equity (Times)	0.00	0.00	0.00	0.00	0.00
Total Asset To Total Equity (Times)	2.99	2.79	3.57	2.76	2.43
Asset Management
Total Assets Turnover (Times)	3.01	3.64	3.72	3.27	4.71
Fixed Assets Turnover (Times)	385.67	389.79	490.14	349.76	357.54
Liquidity
Current Ratio (Times)	1.49	1.54	1.38	1.55	1.68

FINANCIAL COMMENTARY

Profitability

s

The company yielded a rate of net profit on sales of 0.14 per cent in FY12 (FY11: 0.60 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.00 of profit for every SINGAPORE, DOLLARS of sales in FY12, as compared with SINGAPORE, DOLLARS 0.01 a year ago.

Liquidity

Current ratio stood at 1.49 times in FY12 (FY11: 1.54 times). This means that the company has SINGAPORE, DOLLARS 1.49 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 1.99 times in FY12, compared with 1.79 times in FY11. This means that the company requires additional external financing of SINGAPORE, DOLLARS 1.99 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

Return on equity was 1.27 per cent for Subject in the current financial period, as compared to 6.09 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 0.42 per cent (FY11: 2.18 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 3.01 times in FY12 (FY11: 3.64 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.59.15
UK Pound	1	Rs.90.05
Euro	1	Rs.77.06

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.