MIRA INFORM REPORT
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Report Date : |
21.05.2013 |
IDENTIFICATION DETAILS
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Name : |
SOJITZ ASIA PTE. LTD. |
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Formerly Known as: |
NICHIMEN ASIA OCEANIA PTE. LTD. |
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Registered Office : |
77 Robinson Road #32-00 Robinson 77 Singapore 068896 |
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Country : |
Singapore |
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Financials (as on) : |
March 2012 (Group) |
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Date of Incorporation : |
15.08.1998 |
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Com. Reg. No.: |
199803975R |
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Legal Form : |
Limited Private Company |
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Line of Business : |
General wholesale trade (including general importers and exporters) Building construction nec Building construction (mixed activities) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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.
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Source : CIA |
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Company Name: |
Registered Number: |
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SOJITZ ASIA PTE. LTD. |
199803975R |
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Date Incorporated: |
Registered Office: |
Telephone Number: |
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15/08/1998 |
77 ROBINSON ROAD #32-00 ROBINSON 77 SINGAPORE 068896 |
6438 2566 |
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Age of Company: |
Website: |
Industry Type: |
|
15 |
www.sojitz.com |
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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|
3 |
||
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Better than last
month;last month the entity took 9 days to pay |
No. of Charges(s): |
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Industry DTC |
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36 |
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Directors |
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Corporate Structure |
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Number of
Current Directors |
3 |
Holding Company: |
SOJITZ CORPORATION |
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Number that are
shareholders |
1 |
No. of Subsidiaries & Associated Companies: |
1 |
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EXECUTIVE
SUMMARY
SHAREHOLDER DETAILS
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: |
SOJITZ CORPORATION |
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SHAREHOLDER ID |
: |
T04UF1077K |
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NATIONALITY |
: |
NA |
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ADDRESS |
: |
1-1, UCHISAIWAICHO 2-CHOME, CHIYODA-KU TOKYO 100-8691, JAPAN |
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NO. OF ORD SHARES |
: |
134,956,632 |
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% OF SHAREHOLDING |
: |
100% |
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CURRENCY |
: |
UNITED STATES OF AMERICA, DOLLARS |
OFFICER DETAILS
|
: |
FUMIHIKO
USHIJIMA |
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ADDRESS |
: |
8
SCOTTS ROAD #10-07 SCOTTS SQUARE SINGAPORE 228238 |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
01/12/2010 |
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NATIONALITY |
: |
JAPANESE |
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I/C PASSPORT |
: |
G5068603K |
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NAME |
: |
TAKASHI
SATO |
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ADDRESS |
: |
1
RODYK STREET #08-11 WATERMARK ROBERTSON QUAY SINGAPORE 238212 |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
01/06/2011 |
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NATIONALITY |
: |
JAPANESE |
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I/C PASSPORT |
: |
G5140884K |
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NAME |
: |
TOSHIHARU
YOSHIMURA |
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ADDRESS |
: |
6C
ORANGE GROVE ROAD #13-02 ORION SINGAPORE 258333 |
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POSITION |
: |
DIRECTOR MANAGING
DIRECTOR |
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DATE OF APPT |
: |
01/04/2013 01/04/2013 |
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NATIONALITY |
: |
JAPANESE |
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I/C PASSPORT |
: |
G5412824Q |
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NAME |
: |
CHAN
CHOW PHENG |
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ADDRESS |
: |
59
TELOK BLANGAH HEIGHTS #04-11 SINGAPORE 100059 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
03/06/2011 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
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I/C PASSPORT |
: |
S1298885J |
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NAME |
: |
CHANG
SOW KUEN |
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ADDRESS |
: |
130
GEYLANG EAST AVENUE 1 #02-299 SINGAPORE 380130 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
19/12/2005 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
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I/C PASSPORT |
: |
S1365694J |
KEY PERSONNEL PROFILE
|
TOSHIHARU YOSHIMURA |
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NRIC Number: |
G5412824Q |
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Available Address: |
6C ORANGE GROVE ROAD #13-02
ORION SINGAPORE 258333 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
SOJITZ GROUP MANAGEMENT OF
ASIA LTD. |
DIRECTOR |
01/04/2013 |
- |
NA |
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2 |
SOJITZ GROUP MANAGEMENT OF
ASIA LTD. |
MANAGING DIRECTOR |
01/04/2013 |
- |
NA |
Previous Business
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No. |
Name |
Status |
Position |
Appt Date |
Last Known Inactive Date |
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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
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Company |
Shareholdings (%) |
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25 |
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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
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Date of Last AGM |
: |
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Date of Last AR |
: |
02/08/2012 |
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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 |
DEC 2010 |
DEC 2009 |
DEC 2008 |
DEC 2007 |
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Currency |
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
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Profit and Loss Key Figures |
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3,066,104,785 |
2,085,308,553 |
1,957,961,484 |
3,296,026,312 |
2,874,326,007 |
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Profit/(Loss) Before Tax |
18,668,728 |
18,594,649 |
7,499,755 |
5,210,731 |
8,304,964 |
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Profit After Tax attributable to Shareholders |
15,091,675 |
12,648,171 |
(2,163,783) |
1,880,830 |
5,709,945 |
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Balance Sheet Key Figures |
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Total Assets |
666,240,949 |
748,266,899 |
689,264,490 |
795,322,866 |
1,022,111,638 |
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Current Assets |
612,710,702 |
728,344,158 |
652,641,702 |
752,440,514 |
966,322,474 |
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Non Current Assets |
53,530,247 |
19,922,741 |
36,622,788 |
42,882,352 |
55,789,164 |
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Total Liabilities |
461,413,524 |
523,902,359 |
468,899,148 |
582,326,314 |
778,747,789 |
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Current Liabilities |
461,266,625 |
523,811,188 |
468,856,949 |
582,276,930 |
778,630,585 |
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Non Current Liabilities |
146,899 |
91,171 |
42,199 |
49,384 |
117,204 |
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Shareholders' Funds |
204,827,426 |
224,364,543 |
220,365,341 |
212,996,553 |
243,363,850 |
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Share Capital |
171,390,954 |
185,751,900 |
198,635,840 |
192,607,964 |
205,117,739 |
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Total Reserves |
33,436,472 |
38,612,643 |
21,729,501 |
20,388,589 |
38,246,111 |
FINANCIAL RATIOS
FINANCIAL COMMENTARY
Compound Annual Growth Rate
The company's CAGR is 1.3% (5 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 group yielded a rate of net
profit on sales of 0.49 per cent in FY12. The group is now able to book in SGD
- SIN 0.00 of profit for every SGD - SIN of sales.
Liquidity
Current ratio stood at 1.33 times in FY12.
This means that the group has SGD - SIN 1.33 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 2.25 times in FY12. This means that the group requires additional
external financing of SGD - SIN 2.25 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 7.37 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 2.27 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 4.60 times in FY12. This ratio
measures the group'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.55.04 |
|
UK Pound |
1 |
Rs.83.61 |
|
Euro |
1 |
Rs.70.68 |
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 |
|
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NB |
New Business |
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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.