MIRA
INFORM REPORT
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Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
METSO SINGAPORE PTE. LTD. |
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Formerly Known As : |
Metso Automation
Pte Ltd |
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Registered Office : |
20 Kallang Avenue #06-00 Pico Creative Centre Singapore 339411 |
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Country : |
Singapore |
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Financials (as on) : |
December 2011 |
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Date of Incorporation : |
05.12.1983 |
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Com. Reg. No.: |
198305744g |
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Legal Form : |
Limited Private Company |
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Line of Business : |
· Other personal service activities ·
Wholesale of industrial machinery and
equipment |
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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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Singapore |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
Company Name: |
Registered Number: |
|
METSO SINGAPORE PTE. LTD. |
198305744G |
|
Date Incorporated: |
Registered Office: |
Telephone Number: |
|
05/12/1983 |
20 KALLANG
AVENUE #06-00 PICO CREATIVE CENTRE SINGAPORE 339411 |
6511 1011 |
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Age of Company: |
Website: |
Industry Type: |
|
30 |
www.metsoautomation.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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|
12 |
||
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Better than last
month;last month the entity took 38 days to pay |
No. of
Charges(s): |
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Industry DTC |
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|
40 |
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Directors |
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Corporate
Structure |
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Number of
Current Directors |
5 |
Holding Company: |
METSO AUTOMATION INC. |
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Number that are
shareholders |
1 |
No. of
Subsidiaries & Associated Companies: |
NA |
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EXECUTIVE
SUMMARY
SHAREHOLDER DETAILS
|
: |
METSO AUTOMATION INC. |
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|
SHAREHOLDER ID |
: |
S83UF0393L |
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NATIONALITY |
: |
NA |
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ADDRESS |
: |
VANHA PORVOONTIE 229, 01380 VANTAA FINLAND |
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NO. OF ORD SHARES |
: |
500,000 |
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% OF SHAREHOLDING |
: |
100% |
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CURRENCY |
: |
SINGAPORE, DOLLARS |
OFFICER DETAILS
|
: |
ELISA
KRISTIINA ERKKILA |
|
|
ADDRESS |
: |
VANHA
PORVOONTIE 229 01380 VANTAA FINLAND |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
17/10/2012 |
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NATIONALITY |
: |
FINNISH |
|
I/C PASSPORT |
: |
16772486 |
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||
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NAME |
: |
DAN
MARTIN RIDDERHEIM |
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ADDRESS |
: |
3
TAMAN WARNA #04-10 HOLLAND RESIDENCES SINGAPORE 276340 |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
17/10/2012 |
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NATIONALITY |
: |
SWEDISH |
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I/C PASSPORT |
: |
G5274436P |
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NAME |
: |
KIM
OLOF STENMAN |
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ADDRESS |
: |
688
BAOFENG ROAD, XUHANG INDUSTRIAL ZONE JIADING DISTRICT, SHANGHAI 201809, CHINA |
|
POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
10/10/2010 |
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NATIONALITY |
: |
FINNISH |
|
I/C PASSPORT |
: |
PE4820061 |
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||
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NAME |
: |
JANI
ANTERO LAURIKAINEN |
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ADDRESS |
: |
49/24
MOO 5, TAMBON, THOONGSUKHLA AMPHOE, SRIACHA 20230 CHONBURI, THAILAND |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
17/10/2012 |
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NATIONALITY |
: |
FINNISH |
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I/C PASSPORT |
: |
PU8098260 |
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NAME |
: |
LAU
SEE HOE |
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ADDRESS |
: |
38
DAKOTA CRESCENT #13-10 DAKOTA RESIDENCES SINGAPORE 399938 |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
23/03/2007 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1789554J |
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|
||
|
NAME |
: |
YAP
PECK KHIM |
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ADDRESS |
: |
142
MARSILING ROAD #08-2088 SINGAPORE 730142 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
31/05/2007 |
|
NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S7505725C |
KEY PERSONNEL PROFILE
|
LAU SEE HOE |
|
|
NRIC Number: |
S1789554J |
|
Available Address: |
38 DAKOTA CRESCENT #13-10
DAKOTA RESIDENCES SINGAPORE 399938 |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
METSO SINGAPORE PTE. LTD. |
DIRECTOR |
23/03/2007 |
- |
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
|
Company |
Shareholdings (%) |
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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
|
Date of Last AGM |
: |
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|
Date of Last AR |
: |
17/10/2012 |
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Date of A/C Laid At Last AGM |
: |
31/12/2011 |
COMPLIANCE RATING FOR ANNUAL
FILING
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 |
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|
DEC 2011 |
% Change |
DEC 2010 |
DEC 2009 |
DEC 2008 |
DEC 2007 |
|
Currency |
SINGAPORE,
DOLLARS |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
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|
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|
116,404,058 |
30.57 |
89,148,900 |
102,588,265 |
125,787,240 |
81,605,793 |
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|
Profit/(Loss) Before Tax |
8,938,576 |
-19.60 |
11,117,211 |
14,137,787 |
18,788,932 |
7,386,445 |
|
Profit After Tax attributable to
Shareholders |
7,324,386 |
-26.43 |
9,956,103 |
11,389,065 |
15,324,996 |
6,038,101 |
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Balance Sheet Key Figures |
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Total Assets |
50,415,557 |
-5.83 |
53,538,548 |
39,184,931 |
45,164,469 |
27,211,869 |
|
Current Assets |
49,135,285 |
-6.97 |
52,813,851 |
38,628,831 |
44,359,276 |
26,522,234 |
|
Non Current Assets |
1,280,272 |
76.66 |
724,697 |
556,100 |
805,193 |
689,635 |
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Total Liabilities |
34,254,198 |
-6.67 |
36,700,654 |
23,499,437 |
30,465,798 |
19,567,440 |
|
Current Liabilities |
34,243,455 |
-6.67 |
36,689,865 |
23,489,113 |
30,465,798 |
19,567,440 |
|
Non Current Liabilities |
10,743 |
-0.42 |
10,789 |
10,324 |
0 |
0 |
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Shareholders' Funds |
16,161,358 |
-4.02 |
16,837,893 |
15,685,494 |
14,698,671 |
7,644,428 |
|
Share Capital |
414,614 |
-2.28 |
424,289 |
478,464 |
491,198 |
489,407 |
|
Total Reserves |
15,746,744 |
-4.06 |
16,413,604 |
15,207,030 |
14,207,473 |
7,155,021 |
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FINANCIAL RATIOS
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DEC
2011 |
DEC
2010 |
DEC
2009 |
DEC
2008 |
DEC
2007 |
|
Growth % |
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|
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|
30.57 |
-13.10 |
-18.44 |
54.14 |
NA |
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Profitability |
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Profit Margin (%) |
6.29 |
11.17 |
11.10 |
12.18 |
7.40 |
|
Return on Equity (%) |
45.32 |
59.13 |
72.61 |
104.26 |
78.99 |
|
Return on Assets (%) |
14.53 |
18.60 |
29.06 |
33.93 |
22.19 |
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Leverage |
|
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|
|
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|
Total Debt/Equity (Times) |
2.12 |
2.18 |
1.50 |
2.07 |
2.56 |
|
Current Debt/Equity (Times) |
2.12 |
2.18 |
1.50 |
2.07 |
2.56 |
|
Long Term Debt To Equity (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Asset To Total Equity (Times) |
3.12 |
3.18 |
2.50 |
3.07 |
3.56 |
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|
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Asset Management |
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Total Assets Turnover (Times) |
2.31 |
1.67 |
2.62 |
2.79 |
3.00 |
|
Fixed Assets Turnover (Times) |
90.92 |
123.02 |
184.48 |
156.22 |
118.33 |
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Liquidity |
|
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Current Ratio (Times) |
1.43 |
1.44 |
1.64 |
1.46 |
1.36 |
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FINANCIAL COMMENTARY
Compound Annual Growth Rate
The company's CAGR is 9.29% (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 6.29 per cent in FY11 (FY10: 11.17 per cent). The
company is now able to book in SINGAPORE, DOLLARS 0.06 of profit for every
SINGAPORE, DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.11 a
year ago.
Liquidity
Current ratio stood at 1.43 times in FY11
(FY10: 1.44 times). This means that the company has SINGAPORE, DOLLARS 1.43 of
current assets for every SINGAPORE, DOLLARS 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 2.18 times in FY10. This means that
the company requires additional external financing of SINGAPORE, DOLLARS 2.12
for every SINGAPORE, DOLLARS 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 45.32 per cent for Subject in the current financial
period, as compared to 59.13 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 14.53 per cent (FY10: 18.60 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 2.31 times in FY11 (FY10: 1.67
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.61.30 |
|
UK Pound |
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.83.15 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.