MIRA INFORM REPORT

 

 

Report Date :

17.05.2013

 

IDENTIFICATION DETAILS

 

Name :

AMEROPA ASIA PTE. LTD.

 

 

Registered Office :

1 Temasek Avenue #31-02 Millenia Tower Singapore 039192

 

 

Country :

Singapore

 

 

Financials (as on) :

December, 2012

 

 

Date of Incorporation :

27.11.2007

 

 

Com. Reg. No.:

200721966H

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Other Business Support Services Activities Nec (Eg Administration Of Loyalty Programmes

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

Regular

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:

AMEROPA ASIA PTE. LTD.

200721966H

 

Date Incorporated:

Registered Office:

Telephone Number:

27/11/2007

1 TEMASEK AVENUE #31-02 MILLENIA TOWER SINGAPORE 039192

64990800

Age of Company:

Website:

Industry Type:

6

http://www.ameropa.ch/

SERVICES

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

NA

7

eq

Payment pattern as per previous month

No. of Charges(s):
0

Industry DTC

 

300

 

Directors

 

Corporate Structure

Number of Current Directors

4

Holding Company:

AMEROPA HOLDING AG

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

Company name

 

AMEROPA ASIA PTE. LTD.

 

 

EXECUTIVE SUMMARY

 

Company Name

:

AMEROPA ASIA PTE. LTD.

Registration No

:

200721966H

Date of Registration

:

27/11/2007

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

1 TEMASEK AVENUE #31-02 MILLENIA TOWER SINGAPORE 039192

Date of Change of Address

:

16/03/2012

Contact No.

:

64990800

Fax No.

:

63342339

Website

:

http://www.ameropa.ch/

Registered Activities

:

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

ACT AS DISCLOSED AGENT FOR PURCH & SALE OF AGRICULTURAL & OTHER COMMODITIES

Issued Ordinary Capital*

:

$31,354,500.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 31,354,500

$15,000,000.00 UNITED STATES OF AMERICA, DOLLARS ,NO. OF SHARE : 15,000,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$15,000,000.00 UNITED STATES OF AMERICA, DOLLARS

$31,354,500.00 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

:

ERNST & YOUNG LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 974,784,650.00 (FY2012)

Net Worth

:

SGD - SIN 56,868,239.00 (FY2012)

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)

:

843.38% (4 years)

 

 

 

SHAREHOLDER DETAILS

 

NAME

:

AMEROPA HOLDING AG

SHAREHOLDER ID

:

T07UF3665L

NATIONALITY

:

SWITZERLAND

ADDRESS

:

REBGASSE 108, CH-4102 BINNINGEN, SWITZERLAND

NO. OF ORD SHARES

:

15,000,000

31,354,500

% OF SHAREHOLDING

:

32.4%

67.6%

CURRENCY

:

UNITED STATES OF AMERICA, DOLLARS

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

JAN KADANIK

ADDRESS

:

ROTTMANNSBODENSTRASSE 105, CH-4102 BINNINGEN, SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

04/05/2012

NATIONALITY

:

CZECH

I/C PASSPORT

:

39052832

 

NAME

:

MARCUS WALTER KARL DAMM

ADDRESS

:

60 MARTINIQUE AVENUE, TAMPA, FLORIDA ZIP CODE 33606, USA

POSITION

:

DIRECTOR

DATE OF APPT

:

04/05/2012

NATIONALITY

:

GERMAN

I/C PASSPORT

:

C1T74F6RJ

 

NAME

:

ALEXANDER SERGE CHUMAKOV

ADDRESS

:

8 CABLE ROAD SINGAPORE 249904

POSITION

:

DIRECTOR

DATE OF APPT

:

01/04/2008

NATIONALITY

:

AMERICAN

I/C PASSPORT

:

F1810261R

 

NAME

:

ANDREW HENRY ZIVY

ADDRESS

:

BUNDTENWEG 78, CH-4102 BINNINGEN, SWITZERLAND

POSITION

:

DIRECTOR

DATE OF APPT

:

27/11/2007

NATIONALITY

:

SWISS

I/C PASSPORT

:

F2435893

 

NAME

:

CHAN CHOW PHENG

ADDRESS

:

59 TELOK BLANGAH HEIGHTS #04-11 SINGAPORE 100059

POSITION

:

SECRETARY

 

DATE OF APPT

:

03/05/2011

 

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1298885J

 

NAME

:

TEO CHIN KEE

ADDRESS

:

244 LORONG CHUAN #07-06 CHUAN PARK SINGAPORE 556745

POSITION

:

SECRETARY

 

DATE OF APPT

:

27/11/2007

 

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2622115C

 

 

KEY PERSONNEL PROFILE

 

Name:

ALEXANDER SERGE CHUMAKOV

NRIC Number:

F1810261R

Available Address:

8 CABLE ROAD  SINGAPORE 249904

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

AMEROPA ASIA PTE. LTD.

DIRECTOR

01/04/2008

-

-

2

AMEROPA ASIA PTE. LTD.

MANAGING DIRECTOR

01/04/2008

-

-

 

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

:

30/04/2013

Date of Last AR

:

30/04/2013

Date of A/C Laid At Last AGM

:

31/12/2012

 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

wImage225

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

974,784,650

28,328.54

3,428,894

194,371

154,725

123,075

Profit/(Loss) Before Tax

6,643,380

275.98

1,766,935

194,371

154,725

123,344

Profit After Tax attributable

 to Shareholders

6,001,433

254.16

1,694,532

178,160

142,010

112,796

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

77,574,192

117.90

35,600,760

1,360,505

798,847

802,395

Current Assets

77,201,851

117.01

35,574,683

1,306,440

733,474

615,877

Non Current Assets

372,341

1,327.85

26,077

54,065

65,373

186,518

 

 

 

 

 

 

 

Total Liabilities

20,705,954

548.77

3,191,556

710,539

327,041

472,599

Current Liabilities

20,705,954

548.77

3,191,556

710,539

327,041

472,599

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

56,868,239

75.47

32,409,204

649,966

471,806

329,796

Share Capital

48,769,347

60.97

30,296,319

217,000

217,000

217,000

Total Reserves

8,098,892

283.31

2,112,885

432,966

254,806

112,796

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2012

DEC 2011

DEC 2010

DEC 2009

DEC 2008

Growth %

 

 

 

 

 

Year-on-Year Growth

28,328.54

1,664.10

25.62

25.72

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.62

49.42

91.66

91.78

91.65

Return on Equity (%)

10.55

5.23

27.41

30.10

34.20

Return on Assets (%)

7.74

4.76

13.10

17.78

14.06

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.36

0.10

1.09

0.69

1.43

Current Debt/Equity (Times)

0.36

0.10

1.09

0.69

1.43

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

1.36

1.10

2.09

1.69

2.43

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

12.57

0.10

0.14

0.19

0.15

Fixed Assets Turnover (Times)

2,617.99

131.49

3.60

2.37

0.66

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

3.73

11.15

1.84

2.24

1.30

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 843.38% (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 0.62 per cent in FY12 (FY11: 49.42 per cent). The company is now able to book in SGD - SIN 0.01 of profit for every SGD - SIN of sales in FY12, as compared with SGD - SIN 0.49 a year ago.

 

Liquidity

 

Current ratio stood at 3.73 times in FY12 (FY11: 11.15 times). This means that the company has SGD - SIN 3.73 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 0.36 times in FY12, compared with 0.10 times in FY11. This means that the company requires additional external financing of SGD - SIN 0.36 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 10.55 per cent for Subject in the current financial period, as compared to 5.23 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 7.74 per cent (FY11: 4.76 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 12.57 times in FY12 (FY11: 0.10 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.54.77

UK Pound

1

Rs.83.31

Euro

1

Rs.70.46

 

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.
 
 


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