MIRA INFORM REPORT

 

 

 

 

Report Date :

16.10.2013

 

IDENTIFICATION DETAILS

 

Name :

HERRENKNECHT ASIA HEADQUARTERS PTE. LTD.

 

 

Registered Office :

65 Chulia Street #48-02 Ocbc Centre Singapore 049513

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

17.08.2004

 

 

Com. Reg. No.:

200410374g

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Other Investment Holding Companies

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Singapore

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Executive Summary

 

Company Name

:

HERRENKNECHT ASIA HEADQUARTERS PTE. LTD.

Registration No

:

200410374G

Date of Registration

:

17/08/2004

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

65 CHULIA STREET #48-02 OCBC CENTRE SINGAPORE 049513

Operating Address

:

152 Beach Road, Hex 17/-05/08 Gateway East, Singapore 189721, Singapore

Date of Change of Address

:

01/02/2007

Amalgamated With

:

HERRENKNECHT (ASIA-PACIFIC) PTE LIMITED 199702707Z

HERRENKNECHT (ASIA-PACIFIC) PTE LIMITED 199702707Z

Amalgamated To Form

:

HERRENKNECHT ASIA HEADQUARTERS 200410374G

Amalgamation Eff Date

:

01/02/2007

Contact No.

:

6297 3361

Fax No.

:

6297 3367

Website

:

NA

Registered Activities

:

1. OTHER INVESTMENT HOLDING COMPANIES

2. MANUFACTURE AND REPAIR OF CONSTRUCTION MACHINERY AND PARTS

Issued Ordinary Capital*

:

$11,874,543.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 11,874,543

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$11,874,543.00 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

:

1

No. of Local Associates

:

NA

Auditor

:

DELOITTE & TOUCHE LLP

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 144,303,169.00 (FY2009)

Net Worth

:

SINGAPORE, DOLLARS 70,650,861.00 (FY2009)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

NA

S1000 / SME 500 / FG50 Ranking

:

1118 POSITION IN SINGAPORE 1000 (2008/2009)

1135 POSITION IN SINGAPORE 1000 (2007/2008)

Compounded Annual Growth Rate (CAGR)

:

82.08% (4 years)

 

 

SHAREHOLDER DETAILS

 

NAME

:

HERRENKNECHT AG

SHAREHOLDER ID

:

T07UF0021L

NATIONALITY

:

GERMANY

ADDRESS

:

SCHLEHENWEG 2, 77963 SCHWANAU, GERMANY

NO. OF ORD SHARES

:

11,874,543

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

MARTIN HERRENKNECHT

ADDRESS

:

WALDWEG 9, 77963 SCHWANAU, GERMANY

POSITION

:

DIRECTOR

DIRECTOR

DATE OF APPT

:

01/01/2005

01/01/2005

NATIONALITY

:

GERMAN

I/C PASSPORT

:

6770036876

 

NAME

:

KURT STIEFEL

ADDRESS

:

VOGESENSTR. 39, 77963 SCHWANAU, GERMANY

POSITION

:

DIRECTOR

DIRECTOR

DATE OF APPT

:

01/01/2005

01/01/2005

NATIONALITY

:

GERMAN

I/C PASSPORT

:

677003979

 

NAME

:

NICOLAS ZUBER

ADDRESS

:

36 BROCKHAMPTON DRIVE SERANGOON GARDEN ESTATE SINGAPORE 559084

POSITION

:

DIRECTOR

DATE OF APPT

:

28/02/2007

NATIONALITY

:

FRENCH

I/C PASSPORT

:

G5755973Q

 

NAME

:

YEO SOON HOCK CLARENCE

ADDRESS

:

159 ANG MO KIO AVENUE 4 #04-524 MAYFLOWER SHOPPING & FOOD CENTRE SINGAPORE 560159

POSITION

:

SECRETARY

DATE OF APPT

:

01/11/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7010685Z

 

NAME

:

ERIC BOUCHARD

ADDRESS

:

114 KING'S AVENUE SINGAPORE 758819

POSITION

:

DIRECTOR

DATE OF APPT

:

01/01/2005

NATIONALITY

:

CANADIAN

I/C PASSPORT

:

S7487312Z

 

 

KEY PERSONNEL PROFILE

 

Name:

MARTIN HERRENKNECHT

NRIC Number:

6770036876

Available Address:

WALDWEG 9, 77963 SCHWANAU, GERMANY

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

HERRENKNECHT ASIA HEADQUARTERS PTE. LTD.

DIRECTOR

01/01/2005

-

-

 

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.

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

HERRENKNECHT (ASIA-PACIFIC) PTE LIMITED

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

:

03/06/2010

Date of Last AR

:

27/07/2010

Date of A/C Laid At Last AGM

:

31/12/2009

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2009

% Change

DEC 2008

DEC 2007

DEC 2006

DEC 2005

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

144,303,169

-0.96

145,705,738

113,144,980

16,606,936

13,128,294

Profit/(Loss) Before Tax

22,844,158

107.08

11,031,694

26,144,100

3,186,854

(550,779)

Profit After Tax attributable to Shareholders

22,305,202

99.52

11,179,599

23,883,416

3,116,971

(550,779)

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

241,051,416

105.49

117,305,927

155,069,380

110,702,855

72,770,990

Current Assets

212,364,933

147.12

85,937,516

97,478,614

38,533,117

63,086,564

Non Current Assets

28,686,483

-8.55

31,368,411

57,590,766

72,169,738

9,684,426

 

 

 

 

 

 

 

Total Liabilities

170,400,555

147.10

68,960,268

117,903,320

96,262,120

72,503,376

Current Liabilities

170,400,555

147.72

68,788,014

117,309,479

96,262,120

62,583,991

Non Current Liabilities

0

-100.00

172,254

593,841

0

9,919,385

 

 

 

 

 

 

 

Shareholders' Funds

70,650,861

46.14

48,345,659

37,166,060

14,440,735

267,614

Share Capital

11,874,543

0.00

11,874,543

11,874,543

11,874,543

818,393

Total Reserves

58,776,318

61.16

36,471,116

25,291,517

2,566,192

(550,779)

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2009

DEC 2008

DEC 2007

DEC 2006

DEC 2005

Growth %

 

 

 

 

 

Year-on-Year Growth

-0.96

28.78

581.31

26.50

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

15.46

7.67

21.11

18.77

-4.20

Return on Equity (%)

31.57

23.12

64.26

21.58

-205.81

Return on Assets (%)

9.25

9.53

15.40

2.82

-0.76

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

2.41

1.43

3.17

6.67

270.93

Current Debt/Equity (Times)

2.41

1.42

3.16

6.67

233.86

Long Term Debt To Equity (Times)

0.00

0.00

0.02

0.00

37.07

Total Asset To Total Equity (Times)

3.41

2.43

4.17

7.67

271.93

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.60

1.24

0.73

0.15

0.18

Fixed Assets Turnover (Times)

5.03

4.64

1.96

0.23

1.36

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

1.25

1.25

0.83

0.40

1.01

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 82.08% (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 15.46 per cent in FY09 (FY08: 7.67 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.15 of profit for every SINGAPORE, DOLLARS of sales in FY09, as compared with SINGAPORE, DOLLARS 0.08 a year ago.

 

 

Liquidity

 

Current ratio stood at 1.25 times in FY09 (FY08: 1.25 times). This means that the company has SINGAPORE, DOLLARS 1.25 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 2.41 times in FY09, as compared with 1.43 times in FY08. This means that the company requires additional external financing of SINGAPORE, DOLLARS 2.41 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 31.57 per cent for Subject in the current financial period, as compared to 23.12 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 9.25 per cent (FY08: 9.53 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 0.60 times in FY09 (FY08: 1.24 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.61.69

UK Pound

1

Rs.98.59

Euro

1

Rs.83.67

 

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

 

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