MIRA INFORM REPORT

 

 

Report Date :

25.07.2013

 

IDENTIFICATION DETAILS

 

Name :

HSBC INSURANCE (SINGAPORE) PTE. LIMITED

 

 

Formerly Known As :

KEPPEL INSURANCE PTE LTD Eff. date : 06/04/1989

 

 

Registered Office :

21 Collyer Quay #10-02 Hsbc Building Singapore 049320

 

 

Country :

Singapore

 

 

Financials (as on) :

December, 2012

 

 

Date of Incorporation :

13.12.1954

 

 

Com. Reg. No.:

195400150N

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Life Insurance

 

 

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 :

Unknown

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:

HSBC INSURANCE (SINGAPORE) PTE. LIMITED

195400150N

 

Date Incorporated:

Registered Office:

Telephone Number:

13/12/1954

21 COLLYER QUAY #10-02 HSBC BUILDING SINGAPORE 049320

6225 6111

Age of Company:

Website:

Industry Type:

59

www.insurance.hsbc.com.sg

FINANCE

 

 

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

 

22

 

Directors

 

Corporate Structure

Number of Current Directors

7

Holding Company:

HSBC INSURANCE (ASIA-PACIFIC) HOLDINGS LIMITED

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

EXECUTIVE SUMMARY

 

Company Name

:

HSBC INSURANCE (SINGAPORE) PTE. LIMITED

Registration No

:

195400150N

Date of Registration

:

13/12/1954

Former Name

:

1.MALAYAN MOTOR & GENERAL UNDERW RITERS (PRIVATE) LTD. Eff. date : 13/12/1954

2.MMGU INSURANCE PTE LTD Eff. date : 25/10/1986

3.KEPPEL INSURANCE PTE LTD Eff. date : 06/04/1989

Date of Change of Name

:

28/02/2003

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

21 COLLYER QUAY #10-02 HSBC BUILDING SINGAPORE 049320

Date of Change of Address

:

21/08/2012

Contact No.

:

6225 6111

Fax No.

:

6221 2188

Website

:

www.insurance.hsbc.com.sg

Registered Activities

:

LIFE INSURANCE

Issued Ordinary Capital*

:

$75,000,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 50,625,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$75,000,000.00 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

:

NA

Auditor

:

KPMG LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 673,465,000.00 (FY2012)

Net Worth

:

SGD - SIN 313,889,000.00 (FY2012)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

 

 

EXECUTIVE SUMMARY

 

S1000 / SME 1000 / FG50 Ranking

:

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

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

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

500 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2006/2007)

542 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2006/2007)

Compounded Annual Growth Rate (CAGR)

:

23.1% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

HSBC INSURANCE (ASIA-PACIFIC) HOLDINGS LIMITED

SHAREHOLDER ID

:

T03UF1006G

NATIONALITY

:

NA

ADDRESS

:

LEVEL 32, HSBC MAIN BUILDING, 1 QUEEN'S ROAD CENTRAL, HONG KONG SAR

NO. OF ORD SHARES

:

50,625,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

PAUL MARTIN ARROWSMITH

ADDRESS

:

23 EWART PARK EWART PARK SINGAPORE 279760

POSITION

:

DIRECTOR

DATE OF APPT

:

01/02/2007

NATIONALITY

:

NEW ZEALANDER

I/C PASSPORT

:

G5932204X

 

NAME

:

ALVINOS CHRISTOS MICROMATIS

ADDRESS

:

FLAT 10A, BLOCK 2, 1 PO SHAN ROAD HONG HONG

POSITION

:

DIRECTOR

DATE OF APPT

:

09/07/2012

NATIONALITY

:

CYPRIOT

I/C PASSPORT

:

K00014744

 

NAME

:

ANTONY LEE SAY MENG

ADDRESS

:

15 JALAN TEMPUA SINGAPORE 298980

POSITION

:

SECRETARY

DATE OF APPT

:

26/09/2005

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1394306J

 

NAME

:

TAN SWEE BENG KELVIN

ADDRESS

:

2 THOMSON CLOSE THOMSON HILLS ESTATE SINGAPORE 575012

POSITION

:

DIRECTOR

DATE OF APPT

:

14/01/2013

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1640428D

 

NAME

:

PATRICK GOH KOK LEONG

ADDRESS

:

5 PEMIMPIN DRIVE #12-02 SEASONS VIEW SINGAPORE 576149

POSITION

:

DIRECTOR

DATE OF APPT

:

01/08/2011

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1690824Z

 

NAME

:

GUY DANIEL HARVEY-SAMUEL

ADDRESS

:

28 SWISS CLUB ROAD SWISS CLUB PARK SINGAPORE 288126

POSITION

:

DIRECTOR

DATE OF APPT

:

22/04/2013

NATIONALITY

:

BRITISH

I/C PASSPORT

:

S2764215B

 

NAME

:

HARJIT KAUR D/O HAKAM SINGH

ADDRESS

:

54 TELOK BLANGAH DRIVE #08-38 SINGAPORE 100054

POSITION

:

SECRETARY

DATE OF APPT

:

25/10/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S6836700Z

 

NAME

:

WALTER MARK DE OUDE

ADDRESS

:

39 MOUNT SINAI RISE #08-01 FONTANA HEIGHTS SINGAPORE 276957

POSITION

:

DIRECTOR

DATE OF APPT

:

04/01/2010

NATIONALITY

:

NETHERLANDS

I/C PASSPORT

:

S7366855G

 

NAME

:

MARCELO GOMES TEIXEIRA

ADDRESS

:

FLAT 6 FUNG SHUI, 50 PLANTATION ROAD THE PEAK, HONG KONG

POSITION

:

DIRECTOR

DATE OF APPT

:

11/07/2012

NATIONALITY

:

BRAZILIAN

I/C PASSPORT

:

YB123269

 

 

KEY PERSONNEL PROFILE

 

Name:

GUY DANIEL HARVEY-SAMUEL

NRIC Number:

S2764215B

Available Address:

28 SWISS CLUB ROAD SWISS CLUB PARK  SINGAPORE 288126

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

HANG SENG ASSET MANAGEMENT PTE LTD

DIRECTOR

18/03/2013

-

NA

2

HSBC (SINGAPORE) NOMINEES PTE LTD

DIRECTOR

20/03/2013

-

NA

3

HSBC GLOBAL ASSET MANAGEMENT (SINGAPORE) LIMITED

DIRECTOR

21/08/2006

-

NA

4

HSBC INSTITUTIONAL TRUST SERVICES (SINGAPORE) LIMITED

DIRECTOR

17/06/2013

-

NA

5

HSBC SECURITIES (SINGAPORE) PTE LIMITED

DIRECTOR

01/04/2013

-

NA

6

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

AGENT

20/03/2013

-

NA

 

Previous Business

 

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ENACTUS SINGAPORE

LIVE COMPANY

DIRECTOR

13/12/2006

16/08/2007

2

HANG SENG ASSET MANAGEMENT PTE LTD

LIVE COMPANY

DIRECTOR

21/08/2006

08/07/2013

3

HSBC (SINGAPORE) NOMINEES PTE LTD

LIVE COMPANY

DIRECTOR

21/08/2006

18/07/2013

4

HSBC FORFAITING ASIA PTE LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/08/2006

08/07/2008

5

HSBC FUND SERVICES (SINGAPORE) LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/08/2006

31/08/2010

6

HSBC FUTURES (SINGAPORE) PTE LTD

LIVE COMPANY

DIRECTOR

21/08/2006

15/07/2013

7

HSBC INSTITUTIONAL TRUST SERVICES (SINGAPORE) LIMITED

LIVE COMPANY

DIRECTOR

21/08/2006

23/07/2013

 

 

KEY PERSONNEL PROFILE

 

Previous Business (Cont’d)

 

8

HSBC INSURANCE (SINGAPORE) PTE. LIMITED

LIVE COMPANY

DIRECTOR

21/08/2006

27/11/2012

9

HSBC INTERNATIONAL TRUSTEE (SINGAPORE) LIMITED

AMALGAMATED

DIRECTOR

21/08/2006

-

10

HSBC SECURITIES (SINGAPORE) PTE LIMITED

LIVE COMPANY

DIRECTOR

21/08/2006

12/05/2013

11

HSBC SECURITIES SERVICES (TRANSFER AGENCY) PTE. LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

21/08/2006

31/08/2010

12

HSBC TRUSTEE (SINGAPORE) LIMITED

LIVE COMPANY

DIRECTOR

21/08/2006

17/05/2013

13

MARSH BROKERS (SINGAPORE) PTE. LIMITED

AMALGAMATED

DIRECTOR

21/08/2006

08/06/2013

14

OCEAN PROPERTIES PTE. LIMITED

CONVERTED TO LLP

DIRECTOR

18/08/2006

04/06/2013

 

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

 

To date, there have been 22 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)

1

5

District ($80,000 - $250,000)

0

3

High (>$250,000)

0

13

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Magistrate Court

 

 

Case No.

:

2917

 

 

Transfer

:

-

 

 

Date of Filing

:

05/02/2013

 

 

Amount

:

15,000.00

 

 

Cause

:

Tort - Negligence (Motor Accidents With Injury)

 

 

Case Status

:

PENDING

 

 

Plaintiff

:

LIN SIHENG

 

 

Last Update Date

:

06/02/2013

 

 

 

2)

Court

:

Supreme Court

 

 

Case No.

:

460

 

 

Transfer

:

-

 

 

Date of Filing

:

25/06/2010

 

 

Amount

:

USD 900,000.00

USD 900,000.00

USD 450,000.00

USD 450,000.00

USD 300,000.00

 

 

Cause

:

Insurance

 

 

Case Status

:

PENDING

 

 

Plaintiff

:

CH LOGISTICS PTE LTD

 

 

Last Update Date

:

03/08/2012

 

 

 

3)

Court

:

District Court

 

 

Case No.

:

4416

 

 

Transfer

:

Transferred from S 700/2009

 

 

Date of Filing

:

18/12/2009

 

 

Amount

:

0.00

 

 

Cause

:

Others / Miscellaneous

 

 

Case Status

:

CONCLUDED

 

 

Plaintiff

:

TAN CHENG LEONG

TAN WEI JHEN GABRIEL

 

 

Last Update Date

:

02/03/2011

 

 

 

4)

Court

:

Supreme Court

 

 

Case No.

:

700

 

 

Transfer

:

Transferred to DC 4416/2009

 

 

Date of Filing

:

13/08/2009

 

 

Amount

:

0.00

 

 

Cause

:

Others / Miscellaneous

 

 

Case Status

:

TRANSFERRED

 

 

Plaintiff

:

TAN CHENG LEONG

TAN WEI JHEN GABRIEL

 

 

Last Update Date in DP Info Database

:

02/03/2011

 

 

 

5)

Court

:

District Court

 

 

Case No.

:

3371

 

 

Transfer

:

-

 

 

Date of Filing

:

21/10/2008

 

 

Amount

:

205,309.35

 

 

Cause

:

Others / Miscellaneous

 

 

Case Status

:

PENDING

 

 

Plaintiff

:

CHONG KIM HONG

 

 

Last Update Date

:

22/10/2008

 

 

 

6)

Court

:

Magistrate Court

 

 

Case No.

:

23561

 

 

Transfer

:

-

 

 

Date of Filing

:

16/08/2002

 

 

Amount

:

4,480.00

 

 

Cause

:

CONTRACTS-GENERAL

 

 

Case Status

:

PENDING

 

 

Plaintiff

:

TAN SENG CHUAN

 

 

Last Update Date

:

21/08/2002

 

 

 

7)

Court

:

Magistrate Court

 

Case No.

:

19626

 

Transfer

:

-

 

Date of Filing

:

13/07/2002

 

Amount

:

46,710.50

 

Cause

:

MISCELLANEOUS

 

Case Status

:

PENDING

 

Plaintiff

:

LIM BOON KIM

 

Last Update Date

:

17/07/2002

 

8)

Court

:

Magistrate Court

 

Case No.

:

14674

 

Transfer

:

-

 

Date of Filing

:

04/06/2002

 

Amount

:

10,240.00

 

Cause

:

CONTRACTS-GENERAL

 

Case Status

:

PENDING

 

Plaintiff

:

EVERMARCH TRADING & TRANSPORT CO

 

Last Update Date

:

05/06/2002

 

9)

Court

:

Magistrate Court

 

Case No.

:

25561

 

Transfer

:

-

 

Date of Filing

:

15/11/2000

 

Amount

:

4,912.15

 

Cause

:

MISCELLANEOUS

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SONG KHENG HONG

 

Last Update Date

:

11/05/2002

 

10)

Court

:

District Court

 

Case No.

:

50065

 

Transfer

:

Transfered

 

Date of Filing

:

21/01/1999

 

Amount

:

251,154.46

 

Cause

:

CONTRACTS-GENERAL

 

Case Status

:

CONCLUDED

 

Plaintiff

:

SHANGHAI ORIENTAL PEARL

 

Last Update Date

:

27/12/2002

 

 

 

 

11)

Court

:

Supreme Court

 

Case No.

:

1386

 

Transfer

:

-

 

Date of Filing

:

21/09/1999

 

Amount

:

0.00

 

Cause

:

IP-COPYRIGHT

 

Case Status

:

CONCLUDED

 

Plaintiff

:

RISQUE STRATEGIQUE PTE LTD

 

Last Update Date

:

25/02/2004

 

12)

Court

:

Supreme Court

 

Case No.

:

1614

 

Transfer

:

-

 

Date of Filing

:

14/09/1998

 

Amount

:

0.00

 

Cause

:

MISCELLANEOUS

 

Case Status

:

CONCLUDED

 

Plaintiff

:

LEE SIAN TECK CHARTERED ARCHITECTS

 

Last Update Date

:

11/05/2002

 

13)

Court

:

Supreme Court

 

Case No.

:

1379

 

Transfer

:

Transfered

 

Date of Filing

:

17/08/1998

 

Amount

:

251,154.46

 

Cause

:

CONTRACTS-GENERAL

 

Case Status

:

TRANSFERRED

 

Plaintiff

:

SHANGHAI ORIENTAL PEARL

 

Last Update Date

:

27/12/2002

 

14)

Court

:

Magistrate Court

 

Case No.

:

9434

 

Transfer

:

-

 

Date of Filing

:

08/06/1995

 

Amount

:

2,930.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

INDIA INTERNATIONAL INSURANCE PTE LTD

 

Last Update Date

:

12/06/1995

 

15)

Court

:

Supreme Court

 

Case No.

:

2041

 

Transfer

:

-

 

Date of Filing

:

NA

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

MUSBOA BINTE HJ SALLEH

 

Last Update Date

:

22/02/1996

 

16)

Court

:

Supreme Court

 

Case No.

:

1417

 

Transfer

:

-

 

Date of Filing

:

17/07/1992

 

Amount

:

1,496,000.00

 

Cause

:

MONEYLENDING

 

Case Status

:

CONCLUDED

 

Plaintiff

:

TABAC PRIVATE LIMITED

 

Last Update Date

:

11/05/2002

 

17)

Court

:

Supreme Court

 

Case No.

:

346

 

Transfer

:

-

 

Date of Filing

:

26/02/1992

 

Amount

:

500,000.00

 

Cause

:

CONTRACTS-GENERAL

 

Case Status

:

CONCLUDED

 

Plaintiff

:

EVERISE WAREHOUSING & TRANSPORTATION PTE LTD

 

Last Update Date

:

11/05/2002

 

18)

Court

:

Supreme Court

 

Case No.

:

1803

 

Transfer

:

-

 

Date of Filing

:

29/08/1991

 

Amount

:

413,000.00

 

Cause

:

CONTRACTS-SALE OF GOODS

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CEIGELIS PTE LTD

 

Last Update Date

:

11/05/2002

 

19)

Court

:

Supreme Court

 

Case No.

:

435

 

Transfer

:

-

 

Date of Filing

:

05/03/1990

 

Amount

:

24,195.24

 

Cause

:

CONTRACTS-GENERAL

 

Case Status

:

CONCLUDED

 

Plaintiff

:

J B HOLDINGS PTE LTD

 

Last Update Date

:

11/05/2002

 

20)

Court

:

Supreme Court

 

Case No.

:

2410

 

Transfer

:

-

 

Date of Filing

:

23/03/1986

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

TEO HLDG. & STEEL IND. P/L

 

Last Update Date

:

09/10/1986

 

21)

Court

:

Supreme Court

 

Case No.

:

787

 

Transfer

:

-

 

Date of Filing

:

22/01/1985

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

LIM POH SUAN

 

Last Update Date

:

08/03/1986

 

22)

Court

:

Supreme Court

 

Case No.

:

8518

 

Transfer

:

-

 

Date of Filing

:

23/11/1984

 

Amount

:

0.00

 

Cause

:

NA

 

Case Status

:

NA

 

Plaintiff

:

HAW PAR TRAVEL P/L

 

Last Update Date

:

18/03/1985

 

 

COMPLIANCE

 

Date of Last AGM

:

20/05/2013

Date of Last AR

:

13/06/2013

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

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

673,465,000

5.75

636,859,000

494,065,000

518,029,000

293,297,000

Profit/(Loss) Before Tax

50,923,000

NA

(40,432,000)

26,848,000

11,812,000

(1,083,000)

Profit After Tax attributable

 to Shareholders

56,983,000

NA

(25,137,000)

20,215,000

10,246,000

887,000

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

2,655,247,000

22.26

2,171,784,000

1,755,347,000

1,581,901,000

1,237,306,000

Current Assets

239,740,000

5.70

226,806,000

190,885,000

224,130,000

1,223,040,000

Non Current Assets

2,415,507,000

24.19

1,944,978,000

1,564,462,000

1,357,771,000

14,266,000

 

 

 

 

 

 

 

Total Liabilities

2,341,358,000

18.66

1,973,187,000

1,581,166,000

1,429,002,000

1,096,104,000

Current Liabilities

145,127,000

96.15

73,989,000

58,760,000

1,418,102,000

243,958,000

Non Current Liabilities

2,196,231,000

15.64

1,899,198,000

1,522,406,000

10,900,000

852,146,000

 

 

 

 

 

 

 

Shareholders' Funds

313,889,000

58.05

198,597,000

174,181,000

152,899,000

141,202,000

Share Capital

75,000,000

0.00

75,000,000

40,000,000

40,000,000

40,000,000

Total Reserves

238,889,000

93.28

123,597,000

134,181,000

112,899,000

101,202,000

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2012

DEC 2011

DEC 2010

DEC 2009

DEC 2008

Growth %

 

 

 

 

 

Year-on-Year Growth

5.75

28.90

-4.63

76.62

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

8.46

-3.95

4.09

1.98

0.30

Return on Equity (%)

18.15

-12.66

11.61

6.70

0.63

Return on Assets (%)

2.15

-1.16

1.15

0.65

0.07

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

7.46

9.94

9.08

9.35

7.76

Current Debt/Equity (Times)

0.46

0.37

0.34

9.27

1.73

Long Term Debt To Equity (Times)

7.00

9.56

8.74

0.07

6.03

Total Asset To Total Equity (Times)

8.46

10.94

10.08

10.35

8.76

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.25

0.29

0.28

0.33

0.24

Fixed Assets Turnover (Times)

0.28

0.33

0.32

0.38

20.56

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.65

3.07

3.25

0.16

5.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 23.1% (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 8.46 per cent in FY12. The company is now able to book in SGD - SIN 0.08 of profit for every SGD - SIN of sales.

 

Liquidity

 

Current ratio stood at 1.65 times in FY12 (FY11: 3.07 times). This means that the company has SGD - SIN 1.65 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 7.46 times in FY12, compared with 9.94 times in FY11. This means that the company requires additional external financing of SGD - SIN 7.46 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 18.15 per cent for Subject in the current financial period. 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 2.15 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 0.25 times in FY12 (FY11: 0.29 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.59.44

UK Pound

1

Rs.91.24

Euro

1

Rs.78.43

 

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.