MIRA INFORM REPORT

 

 

Report Date :

28.06.2013

 

IDENTIFICATION DETAILS

 

Name :

SPRINGBOK INVESTMENTS PTE. LTD.

 

 

Formerly Known As :

MILLINIUM INVESTMENTS PTE. LTD.

 

 

Registered Office :

89 Short Street #03-11 Golden Wall Centre Singapore 188216

 

 

Country :

Singapore

 

 

Financials (as on) :

December 2011

 

 

Date of Incorporation :

20.12.2006

 

 

Com. Reg. No.:

200619034G

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Other investment holding companies

Wholesaler of industrial machinery and equipment

 

 

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 :

Slow but Correct

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:

SPRINGBOK INVESTMENTS PTE. LTD.

200619034G

 

Date Incorporated:

Registered Office:

Telephone Number:

20/12/2006

89 SHORT STREET #03-11 GOLDEN WALL CENTRE SINGAPORE 188216

NA

Age of Company:

Website:

Industry Type:

7

NA

NA

 

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

1

Holding Company:

NA

Number that are shareholders

3

No. of Subsidiaries & Associated Companies:

NA

 

Company Name

           

SPRINGBOK INVESTMENTS PTE. LTD.

 

EXECUTIVE SUMMARY

 

Company Name

:

SPRINGBOK INVESTMENTS PTE. LTD.

Registration No

:

200619034G

Date of Registration

:

20/12/2006

Former Name

:

MILLINIUM INVESTMENTS PTE. LTD. Eff. date : 20/12/2006

Date of Change of Name

:

18/10/2010

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

89 SHORT STREET #03-11 GOLDEN WALL CENTRE SINGAPORE 188216

Date of Change of Address

:

11/10/2010

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

1. OTHER INVESTMENT HOLDING COMPANIES

2. WHOLESALE OF INDUSTRIAL MACHINERY AND EQUIPMENT

Issued Ordinary Capital*

:

$100,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 100,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$100,000.00 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

:

HAJAMAIDEEN & CO.

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 6,158,874.00 (FY2011)

Net Worth

:

SGD - SIN 638,155.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 1000

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

SHAREHOLDER DETAILS

 

NAME

:

TRIVICTORY LIMITED

SHAREHOLDER ID

:

T11UF1874D

NATIONALITY

:

VIRGIN ISLANDS, BRITISH

ADDRESS

:

OFFSHORE INCORPORATIONS LIMITED, P.O.BOX 95, OFF SHORE INCORPORATIONS CENTRE,ROAD TOWN,TORTOLA, BVI

NO. OF ORD SHARES

:

49,999

% OF SHAREHOLDING

:

50%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

PRIMECREST INTERNATIONAL LIMITED

SHAREHOLDER ID

:

T11UF1875L

NATIONALITY

:

VIRGIN ISLANDS, BRITISH

ADDRESS

:

OFFSHORE INCORPORATION LIMITED, P.O BOX 957 OFF SHORE INCORPORATIONS CENTRE, ROAD TOWN,TORTOLA BVI

NO. OF ORD SHARES

:

49,999

% OF SHAREHOLDING

:

50%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

GOPAL KRISHNA PADIA

SHAREHOLDER ID

:

S2665185I

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

81 MEYER ROAD #07-02 MEYER PARK SINGAPORE 437908

NO. OF ORD SHARES

:

2

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

GOPAL KRISHNA PADIA

ADDRESS

:

81 MEYER ROAD #07-02 MEYER PARK SINGAPORE 437908

POSITION

:

DIRECTOR

DATE OF APPT

:

20/12/2006

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2665185I

 

NAME

:

ARVA  KAYAMALI RANGWALA

ADDRESS

:

145 BISHAN STREET 11 #04-75 BISHAN GREEN SINGAPORE 570145

POSITION

:

SECRETARY

DATE OF APPT

:

11/10/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7237799J

 

 

KEY PERSONNEL PROFILE

 

Name:

GOPAL KRISHNA PADIA

NRIC Number:

S2665185I

Available Address:

81 MEYER ROAD #07-02 MEYER PARK  SINGAPORE 437908

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

AVEMORE PTE LTD

DIRECTOR

09/10/1995

2198068

84.67

2

BENEDICT HOLDINGS PTE. LTD.

DIRECTOR

22/05/2012

10000

50.00

3

GATES PCM CONSTRUCTION LTD.

DIRECTOR

25/10/2000

144000

14.40

4

INDIPRO PTE. LTD.

DIRECTOR

25/11/2012

30000

100.00

5

INDIPRO PTE. LTD.

SHAREHOLDER

-

-

-

6

ITABU PTE. LTD.

DIRECTOR

18/04/2013

20000

40.00

7

ITABU PTE. LTD.

MANAGING DIRECTOR

18/04/2013

20000

40.00

8

RIVER MARINE ENGINEERING PTE. LTD.

SHAREHOLDER

-

50000

25.00

9

SPICEKING (S) PTE. LTD.

SHAREHOLDER

-

50000

50.00

10

SPRINGBOK INVESTMENTS PTE. LTD.

DIRECTOR

20/12/2006

2

0.00

11

SPRINGBOK INVESTMENTS PTE. LTD.

SHAREHOLDER

-

-

-

12

SPRINGBROOK TRADERS PTE. LTD.

DIRECTOR

20/01/2010

10002

50.00

13

VADER PTE. LTD.

DIRECTOR

30/07/2012

-

-

14

WHITE WATER EAST PTE. LTD.

DIRECTOR

10/01/2001

49999

49.99

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

AMBROSE TRADERS PTE. LTD.

STRUCK OFF

DIRECTOR

18/08/2010

-

2

AMBROSE TRADERS PTE. LTD.

STRUCK OFF

SHAREHOLDER

-

-

3

BLUE SQUARE TECHNOLOGIES (ASIA) PTE. LTD.

STRUCK OFF

DIRECTOR

27/08/2007

29/12/2008

4

BLUE SQUARE TECHNOLOGIES (ASIA) PTE. LTD.

STRUCK OFF

SHAREHOLDER

-

-

5

EARTH RESOURCES PTE LTD

STRUCK OFF

DIRECTOR

12/02/1993

22/12/1993

 

6

EIS GLOBAL PTE. LTD.

LIVE COMPANY

DIRECTOR

20/01/2012

17/06/2013

7

FLIP! CREATIVES PTE LTD

LIVE COMPANY

DIRECTOR

20/07/1993

22/10/1996

8

GOLDEN HILL INVESTMENTS PTE LTD

LIVE COMPANY

DIRECTOR

18/05/1993

22/12/1993

9

OLYMPIC INVESTMENTS PTE LTD.

STRUCK OFF

DIRECTOR

03/03/1993

22/12/1993

10

RAILCON INTERNATIONAL

CANCELLATION

MANAGER

20/01/2001

22/07/2005

11

RAILCON INTERNATIONAL

CANCELLATION

OWNER

20/01/2001

22/07/2005

12

RIVER MARINE ENGINEERING PTE. LTD.

LIVE COMPANY

DIRECTOR

02/04/2003

11/06/2013

13

SPICEKING (S) PTE. LTD.

LIVE COMPANY

DIRECTOR

05/02/2010

11/06/2013

14

WHEELXCHANGE PTE. LTD.

STRUCK OFF

DIRECTOR

28/08/2007

29/12/2008

15

WHEELXCHANGE PTE. LTD.

STRUCK OFF

SHAREHOLDER

-

-

 

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

M

9634

-

2005

22/04/2005

SGD 800.00

Contracts Related

 

 

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

:

16/07/2012

Date of Last AR

:

16/08/2012

Date of A/C Laid At Last AGM

:

31/12/2011
 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN OR ACCOUNTS LATE

 

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 2011

% Change

DEC 2010

Currency

SGD - SIN

 

SGD - SIN

Profit and Loss Key Figures

 

 

 

Turnover

6,158,874

288.44

1,585,560

Profit/(Loss) Before Tax

387,571

94.14

199,633

Profit After Tax attributable

 to Shareholders

349,384

92.81

181,207

 

 

 

 

Balance Sheet Key Figures

 

 

 

Total Assets

1,990,019

32.92

1,497,155

Current Assets

1,990,019

32.92

1,497,155

Non Current Assets

0

NA

0

 

 

 

 

Total Liabilities

1,351,865

14.16

1,184,165

Current Liabilities

1,351,865

14.16

1,184,165

Non Current Liabilities

0

NA

0

 

 

 

 

Shareholders' Funds

638,155

103.89

312,990

Share Capital

81,575

-7.74

88,417

Total Reserves

556,580

147.84

224,573

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

Growth %

 

 

Year-on-Year Growth

288.44

NA

 

 

 

Profitability

 

 

Profit Margin (%)

5.67

11.43

Return on Equity (%)

54.75

57.90

Return on Assets (%)

17.56

12.10

 

 

 

Leverage

 

 

Total Debt/Equity (Times)

2.12

3.78

Current Debt/Equity (Times)

2.12

3.78

Long Term Debt To Equity (Times)

0.00

0.00

Total Asset To Total Equity (Times)

3.12

4.78

 

 

 

Asset Management

 

 

Total Assets Turnover (Times)

3.09

1.06

Fixed Assets Turnover (Times)

0.00

0.00

 

 

 

Liquidity

 

 

Current Ratio (Times)

1.47

1.26

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 5.67 per cent in FY11 (FY10: 11.43 per cent). The company is now able to book in SGD - SIN 0.06 of profit for every SGD - SIN of sales in FY11, as compared with SGD - SIN 0.11 a year ago.

 

 

Liquidity

 

Current ratio stood at 1.47 times in FY11 (FY10: 1.26 times). This means that the company has SGD - SIN 1.47 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 2.12 times in FY11, compared with 3.78 times in FY10. This means that the company requires additional external financing of SGD - SIN 2.12 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 54.75 per cent for Subject in the current financial period, as compared to 57.90 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 17.56 per cent (FY10: 12.10 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 3.09 times in FY11 (FY10: 1.06 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.60.59

UK Pound

1

Rs.92.92

Euro

1

Rs.78.94

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.