MIRA INFORM REPORT

 

 

Report Date :

10.07.2013

 

IDENTIFICATION DETAILS

 

Name :

MMTC TRANSNATIONAL PTE LTD

 

 

Registered Office :

20 Cecil Street #14-03/04 Equity Plaza Singapore 049705

 

 

Country :

Singapore

 

 

Financials (as on) :

March, 2012

 

 

Date of Incorporation :

07.10.1994

 

 

Com. Reg. No.:

199407265M

 

 

Legal Form :

LIMITED PRIVATE COMPANY

 

 

Line of Business :

·         Other Business Support Services Activities Nec (Eg Administration of Loyalty Programmes)

·         Intl Trading In Minerals, Agricultural Pdts, Metals, Fertilizers, Oth 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 :

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, 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:

MMTC TRANSNATIONAL PTE LTD

199407265M

 

Date Incorporated:

Registered Office:

Telephone Number:

07/10/1994

20 CECIL STREET #14-03/04 EQUITY PLAZA SINGAPORE 049705

6538 5313

Age of Company:

Website:

Industry Type:

19

www.mtpl.com.sg

COMMERCE-WHOLESALE

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

NA

671

Payment pattern as per previous month

No. of Charges(s):
0

Industry DTC

 

23

 

Directors

 

Corporate Structure

Number of Current Directors

8

Holding Company:

MMTC LIMITED

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

EXECUTIVE SUMMARY

 

Company Name

:

MMTC TRANSNATIONAL PTE LTD

Registration No

:

199407265M

Date of Registration

:

07/10/1994

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

20 CECIL STREET #14-03/04 EQUITY PLAZA SINGAPORE 049705

Date of Change of Address

:

04/01/2005

Contact No.

:

6538 5313

Fax No.

:

6538 5316

Website

:

www.mtpl.com.sg

Registered Activities

:

OTHER BUSINESS SUPPORT SERVICES ACTIVITIES NEC (EG ADMINISTRATION OF LOYALTY PROGRAMMES)

INTL TRADING IN MINERALS,AGRICULTURAL PDTS,METALS,FERTILIZERS,OTH COMMODITIES

Issued Ordinary Capital*

:

$1,461,502.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 1,461,502

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$1,461,502.00 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

:

SGD - SIN 886,518,490.00 (FY2012)

Net Worth

:

SGD - SIN 19,031,008.00 (FY2012)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

 

 

EXECUTIVE SUMMARY

 

S1000 / SME 1000 / FG50 Ranking

:

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

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

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

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

1182 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2008/2009)

Compounded Annual Growth Rate (CAGR)

:

2% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

MMTC LIMITED

SHAREHOLDER ID

:

S94UF0389A

NATIONALITY

:

INDIA

ADDRESS

:

CORE 1, SCOPE COMPLEX 7 INSTITUTIONAL AREA, LODI ROAD, NEW DELHI 110 003 INDIA

NO. OF ORD SHARES

:

1,461,502

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

MADAN GOPAL GUPTA

ADDRESS

:

B-48, SECTOR-12, NOIDA 201301 (UP) INDIA

POSITION

:

DIRECTOR

DATE OF APPT

:

16/11/2010

NATIONALITY

:

INDIAN

I/C PASSPORT

:

B5156384

 

NAME

:

DEPINDER SINGH DHESI

ADDRESS

:

D-1/009 G AVENUE, SATYA MARG CHANKYAPURI NEW DELHI, INDIA

POSITION

:

DIRECTOR

DATE OF APPT

:

08/10/2012

NATIONALITY

:

INDIAN

I/C PASSPORT

:

D1042939

 

NAME

:

RAJEEV JAIDEVA

ADDRESS

:

FLAT NO. 163, 1ST FLOOR, PKT I SEC-I, DWARKA, NEW DELHI, INDIA

POSITION

:

DIRECTOR

DATE OF APPT

:

11/10/2010

NATIONALITY

:

INDIAN

I/C PASSPORT

:

E6898549

 

NAME

:

VED PRAKASH

ADDRESS

:

63, BF BLOCK, JANAKPURI NEW DELHI, INDIA

POSITION

:

DIRECTOR

DATE OF APPT

:

11/10/2010

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G2160970

 

NAME

:

TAPAS KUMAR SENGUPTA

ADDRESS

:

263 RIVER VALLEY ROAD #03-06 ASPEN HEIGHTS SINGAPORE 238309

POSITION

:

DIRECTOR

MANAGING DIRECTOR

DATE OF APPT

:

18/05/2011

18/05/2011

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G5139469R

 

NAME

:

VIJAY KUMAR GUPTA

ADDRESS

:

1 JALAN KUALA #04-03 MORNINGSIDE, THE SINGAPORE 239639

POSITION

:

DIRECTOR

DATE OF APPT

:

18/05/2011

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G5143886N

 

NAME

:

PRAVEEN KUMAR JAIN

ADDRESS

:

C-106, SEC-26, NOIDA DISTT GAUTAM BUDH NAGAR, U.P., INDIA

POSITION

:

DIRECTOR

DATE OF APPT

:

15/05/2013

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G5902153

 

 

 

NAME

:

ANAND TRIVEDI

ADDRESS

:

E-4, MMTC COLONY, ADH CHINI, AUROBINDO MARG NEW DELHI - 110017, INDIA

POSITION

:

DIRECTOR

DATE OF APPT

:

25/07/2012

NATIONALITY

:

INDIAN

I/C PASSPORT

:

J6697836

 

NAME

:

JOANNA LIM LAN SIM

ADDRESS

:

165 TAMPINES STREET 12 #09-305 SINGAPORE 521165

POSITION

:

SECRETARY

DATE OF APPT

:

29/06/2007

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1572261D

 

NAME

:

TAY TUAN LENG

ADDRESS

:

635 PASIR RIS DRIVE 1 #11-600 SINGAPORE 510635

POSITION

:

SECRETARY

DATE OF APPT

:

15/04/2005

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7432140B

 

 

KEY PERSONNEL PROFILE

 

Name:

TAPAS KUMAR SENGUPTA

NRIC Number:

G5139469R

Available Address:

263 RIVER VALLEY ROAD #03-06 ASPEN HEIGHTS  SINGAPORE 238309

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

MMTC TRANSNATIONAL PTE LTD

DIRECTOR

18/05/2011

-

NA

2

MMTC TRANSNATIONAL PTE LTD

MANAGING DIRECTOR

18/05/2011

-

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

 

Clear

 

 

COMPLIANCE

 

Date of Last AGM

:

22/06/2012

Date of Last AR

:

20/07/2012

Date of A/C Laid At Last AGM

:

31/03/2012

 

 

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

 

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

886,518,490

-6.02

943,267,905

748,862,992

989,831,099

819,158,888

Profit/(Loss) Before Tax

2,607,330

-33.36

3,912,433

10,044,867

11,210,827

3,118,894

Profit After Tax attributable

 to Shareholders

2,342,021

-23.82

3,074,372

9,324,529

9,973,358

2,872,358

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

62,052,274

-4.37

64,890,517

76,290,582

72,680,953

104,539,204

Current Assets

61,981,460

-4.31

64,770,148

76,256,890

72,638,493

104,476,825

Non Current Assets

70,814

-41.17

120,369

33,692

42,460

62,379

 

 

 

 

 

 

 

Total Liabilities

43,021,266

5.75

40,682,681

50,592,102

51,656,929

91,099,248

Current Liabilities

43,021,266

5.75

40,682,681

50,592,102

51,656,929

91,099,248

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

19,031,008

-21.38

24,207,836

25,698,478

21,024,022

13,439,956

Share Capital

1,251,000

-5.80

1,328,000

1,425,142

1,442,350

1,470,475

Total Reserves

17,780,008

-22.29

22,879,836

24,273,336

19,581,672

11,969,481

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

MAR 2012

MAR 2011

MAR 2010

MAR 2009

MAR 2008

Growth %

 

 

 

 

 

Year-on-Year Growth

-6.02

25.96

-24.34

20.84

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.26

0.33

1.25

1.01

0.35

Return on Equity (%)

12.31

12.70

36.28

47.44

21.37

Return on Assets (%)

3.77

4.74

12.22

13.72

2.75

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

2.26

1.68

1.97

2.46

6.78

Current Debt/Equity (Times)

2.26

1.68

1.97

2.46

6.78

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

3.26

2.68

2.97

3.46

7.78

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

14.29

14.54

9.82

13.62

7.84

Fixed Assets Turnover (Times)

12,518.97

7,836.47

22,226.73

23,312.08

13,131.97

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.44

1.59

1.51

1.41

1.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 2% (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

The company yielded a rate of net profit on sales of 0.26 per cent in FY12 (FY11: 0.33 per cent). The company is now able to book in SGD - SIN 0.00 of profit for every SGD - SIN of sales in FY12, as compared with SGD - SIN 0.00 a year ago.

 

Liquidity

 

Current ratio stood at 1.44 times in FY12 (FY11: 1.59 times). This means that the company has SGD - SIN 1.44 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 2.26 times in FY12, compared with 1.68 times in FY11. This means that the company requires additional external financing of SGD - SIN 2.26 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 12.31 per cent for Subject in the current financial period, as compared to 12.70 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 3.77 per cent (FY11: 4.74 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 14.29 times in FY12 (FY11: 14.54 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.60.07

UK Pound

1

Rs.89.91

Euro

1

Rs.77.43

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.