MIRA INFORM REPORT
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Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
FUJIFILM ASIA PACIFIC PTE. LTD. |
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Formerly Known As : |
FUJIFILM REGIONAL SERVICES (SINGAPORE) PTE LTD |
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Registered Office : |
10 New Industrial Road Fujifilm Building Singapore 536201 |
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Country : |
Singapore |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
17.03.1993 |
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Com. Reg. No.: |
199301558N |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Business and Management Consultancy Services |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Company Name: |
Registered Number: |
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FUJIFILM ASIA PACIFIC PTE. LTD. |
199301558N |
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Date Incorporated: |
Registered Office: |
Telephone Number: |
|
17/03/1993 |
10 NEW INDUSTRIAL ROAD FUJIFILM BUILDING SINGAPORE 536201 |
6383 9933 |
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Age of Company: |
Website: |
Industry Type: |
|
20 |
http://www.fujifilm.com.sg/ |
COMMERCE-WHOLESALE |
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Risk Dashboard |
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Days Beyond Terms |
Trend: |
No. of Litigation Counts: |
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Company DTC: |
NA |
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NA |
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The entity is
paying current to the creditors |
No. of Charges(s): |
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Industry DTC |
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37 |
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Directors |
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Corporate Structure |
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Number of Current Directors |
2 |
Holding Company: |
FUJIFILM CORPORATION |
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Number that are shareholders |
1 |
No. of Subsidiaries & Associated Companies: |
2 |
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EXECUTIVE SUMMARY
SHAREHOLDER DETAILS
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: |
FUJIFILM CORPORATION |
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SHAREHOLDER ID |
: |
T08UF3293J |
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NATIONALITY |
: |
NA |
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ADDRESS |
: |
7-3 AKASAKA 9-CHOME MINATO-KU TOKYO 107-0052 JAPAN |
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NO. OF ORD SHARES |
: |
154,987,204 |
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% OF SHAREHOLDING |
: |
100% |
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CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
HIROYUKI SAKAI |
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ADDRESS |
: |
32 ORANGE GROVE ROAD
#M-410 SINGAPORE 258354 |
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POSITION |
: |
DIRECTOR MANAGING
DIRECTOR |
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DATE OF APPT |
: |
29/07/2011 29/07/2011 |
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NATIONALITY |
: |
JAPANESE |
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I/C PASSPORT |
: |
G5164558N |
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NAME |
: |
HISATAKA IDE |
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ADDRESS |
: |
83 DEVONSHIRE ROAD
#24-03 METZ, THE SINGAPORE 239864 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
15/08/2012 |
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NATIONALITY |
: |
JAPANESE |
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I/C PASSPORT |
: |
G5212063U |
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NAME |
: |
KENJI SUKENO |
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ADDRESS |
: |
11-11-205, ARIMA
7-CHOME, MIYAMAE-KU, KAWASAKI, KANAGAWA, JAPAN |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
15/08/2012 |
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NATIONALITY |
: |
JAPANESE |
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I/C PASSPORT |
: |
TZ0524382 |
KEY PERSONNEL PROFILE
|
HIROYUKI SAKAI |
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NRIC Number: |
G5164558N |
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Available Address: |
32 ORANGE GROVE ROAD
#M-410 SINGAPORE 258354 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
FUJIFILM ASIA PACIFIC PTE.
LTD. |
DIRECTOR |
29/07/2011 |
- |
NA |
|
|
2 |
FUJIFILM ASIA PACIFIC PTE.
LTD. |
MANAGING DIRECTOR |
29/07/2011 |
- |
NA |
|
3 |
S & M EQUIPMENT TECHNO
SERVICES (MALAYSIA) SDN. BHD. SINGAPORE BRANCH |
DIRECTOR |
15/07/2011 |
- |
NA |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known Inactive Date |
|
FUJIFILM (SINGAPORE) PTE. LTD. |
AMALGAMATED |
ALTERNATE DIRECTOR |
29/07/2011 |
- |
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2 |
FUJIFILM (SINGAPORE) PTE. LTD. |
AMALGAMATED |
DIRECTOR |
29/07/2011 |
- |
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3 |
FUJIFILM (SINGAPORE) PTE. LTD. |
AMALGAMATED |
MANAGING DIRECTOR |
29/07/2011 |
- |
|
4 |
FUJIFILM HUNT CHEMICALS
SINGAPORE PTE. LTD. |
AMALGAMATED |
ALTERNATE DIRECTOR |
24/08/2012 |
- |
|
5 |
FUJIFILM HUNT CHEMICALS
SINGAPORE PTE. LTD. |
AMALGAMATED |
DIRECTOR |
11/08/2011 |
- |
|
6 |
FUJIFILM HUNT CHEMICALS
SINGAPORE PTE. LTD. |
AMALGAMATED |
MANAGING DIRECTOR |
11/08/2011 |
- |
Bankruptcy Record
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Case No. |
Year |
Date of Filing |
Petitioner Name |
Amount |
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Litigation Search – Writ of Summons
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Court |
Case No. |
Transfer |
Year |
Date of Filing |
Amount |
Cause Category |
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SUBSIDIARIES AND ASSOCIATE COMPANIES
|
Company |
Shareholdings (%) |
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|
100 |
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FUJIFILM HUNT CHEMICALS SINGAPORE PTE. LTD. |
100 |
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 |
: |
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Date of Last AR |
: |
11/10/2012 |
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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
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Financial Figures |
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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 |
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|
55,853,659 |
15.80 |
48,233,465 |
44,936,551 |
40,702,246 |
20,793,746 |
|
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Profit/(Loss) Before Tax |
44,090,811 |
-53.52 |
94,868,292 |
259,315 |
3,427,596 |
2,310,312 |
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Profit After Tax attributable to
Shareholders |
44,200,493 |
-53.43 |
94,906,755 |
119,561 |
2,989,043 |
2,051,685 |
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Balance Sheet Key Figures |
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Total Assets |
248,012,710 |
21.27 |
204,508,923 |
108,574,520 |
100,700,706 |
98,747,132 |
|
Current Assets |
122,405,831 |
37.68 |
88,906,788 |
28,249,565 |
20,481,855 |
64,143,037 |
|
Non Current Assets |
125,606,879 |
8.65 |
115,602,135 |
80,324,955 |
80,218,851 |
34,604,095 |
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Total Liabilities |
10,920,251 |
-6.00 |
11,616,957 |
10,589,309 |
2,835,056 |
3,870,525 |
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Current Liabilities |
10,920,251 |
-6.00 |
11,616,957 |
10,528,347 |
2,757,517 |
3,805,112 |
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Non Current Liabilities |
0 |
NA |
0 |
60,962 |
77,539 |
65,413 |
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Shareholders' Funds |
237,092,459 |
22.91 |
192,891,966 |
97,985,211 |
97,865,650 |
94,876,607 |
|
Share Capital |
33,779,509 |
0.00 |
33,779,509 |
33,779,509 |
33,779,509 |
33,779,509 |
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Total Reserves |
203,312,950 |
27.78 |
159,112,457 |
64,205,702 |
64,086,141 |
61,097,098 |
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FINANCIAL RATIOS
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MAR 2012 |
MAR 2011 |
MAR 2010 |
MAR 2009 |
MAR 2008 |
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Growth % |
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|
15.80 |
7.34 |
10.40 |
95.74 |
NA |
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Profitability |
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Profit Margin (%) |
79.14 |
196.77 |
0.27 |
7.34 |
9.87 |
|
Return on Equity (%) |
18.64 |
49.20 |
0.12 |
3.05 |
2.16 |
|
Return on Assets (%) |
17.82 |
46.41 |
0.11 |
2.97 |
2.08 |
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Leverage |
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|
|
|
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Total Debt/Equity (Times) |
0.05 |
0.06 |
0.11 |
0.03 |
0.04 |
|
Current Debt/Equity (Times) |
0.05 |
0.06 |
0.11 |
0.03 |
0.04 |
|
Long Term Debt To Equity (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Asset To Total Equity (Times) |
1.05 |
1.06 |
1.11 |
1.03 |
1.04 |
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Asset Management |
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|
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Total Assets Turnover (Times) |
0.23 |
0.24 |
0.41 |
0.40 |
0.21 |
|
Fixed Assets Turnover (Times) |
0.44 |
0.42 |
0.56 |
0.51 |
0.60 |
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Liquidity |
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|
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Current Ratio (Times) |
11.21 |
7.65 |
2.68 |
7.43 |
16.86 |
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FINANCIAL COMMENTARY
Compound
Annual Growth Rate
The company's CAGR is 28.02% (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 79.14 per cent in FY12 (FY11: 196.77 per cent). The company is now
able to book in SGD - SIN 0.79 of profit for every SGD - SIN of sales in FY12,
as compared with SGD - SIN 1.97 a year ago.
Liquidity
Current ratio stood at 11.21 times in FY12
(FY11: 7.65 times). This means that the company has SGD - SIN 11.21 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 0.05
times in FY12, as compared with 0.06 times in FY11. This means that the company
requires additional external financing of SGD - SIN 0.05 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 18.64 per cent for Subject in the current financial
period, as compared to 49.20 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 17.82 per cent (FY11: 46.41 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 0.23 times in FY12 (FY11: 0.24
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.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.
s