MIRA INFORM REPORT

 

 

 

 

Report Date :

21.10.2013

 

IDENTIFICATION DETAILS

 

Name :

BS TECH PTE. LTD.

 

 

Registered Office :

41, Senoko Drive, 758249

 

 

Country :

Singapore

 

 

Financials (as on) :

31.07.2011

 

 

Date of Incorporation :

04.08.2005

 

 

Com. Reg. No.:

200510697-M

 

 

Legal Form :

Exempt Private

 

 

Line of Business :

Trading of Industrial Equipment and Industrial Plant Engineering Services

 

 

No. of Employees :

Not Available

 

 

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 summary

 

 

REGISTRATION NO.

:

200510697-M

COMPANY NAME

:

BS TECH PTE. LTD.

FORMER NAME

:

N/A

INCORPORATION DATE

:

04/08/2005

COMPANY STATUS

:

EXIST

LEGAL FORM

:

EXEMPT PRIVATE

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

41, SENOKO DRIVE, 758249, SINGAPORE.

PRINCIPAL ACTIVITY

:

TRADING OF INDUSTRIAL EQUIPMENT AND INDUSTRIAL PLANT ENGINEERING SERVICES

ISSUED AND PAID UP CAPITAL

:

100,000.00 ORDINARY SHARE, OF A VALUE OF SGD 100,000.00

 

 

HISTORY / BACKGROUND

 

The SC is an exempt private company whose shares are not held by any corporate body and has no more than 20 shareholders who are all natural persons. An exempt company is a type of private limited company. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the SC is capable of owning assets, entering into contracts, suing or be sued by other companies. An exempt private company with an annual turnover of less than SGD5 million are exempted from statutory auditing requirements. Instead of filing audited annual accounts, the SC has to file in a document duly signed by its director in charge of its finance and the company secretary stating that the SC is able to meet all its obligations as and when they fall due. The SC is not required to have their accounts audited. However, the SC will prepare unaudited accounts for purposes of AGMs and filing with Registry Office if it is unable to meet all its obligations as and when they fall due .

The SC is principally engaged in the (as a / as an) trading of industrial equipment and industrial plant engineering services.

 

The major shareholder(s) of the SC are shown as follows :

Name

Address

IC/PP/Loc No

Shareholding

(%)

MRS. BALAKRISHNAN PADMAPATHI +

344 CHOA CHU KANG LOOP, 03-47, 680344, SINGAPORE.

S1424352F

35,000.00

35.00

B. SHAMALAH REDDY +

529 JURONG WEST STREET 52, 08-373, 640529, SINGAPORE.

S7734967G

35,000.00

35.00

NADEEM TAHIR +

HOUSE 244, STREET 15, ASKARI 5, GULBERG III, LAHORE, 54000, PAKISTAN.

AJ9453202

30,000.00

30.00

 

 

 

---------------

------

 

 

 

100,000.00

100.00

 

 

 

============

=====

+ Also Director

 

 

DIRECTORS


DIRECTOR 1

 

Name Of Subject

:

NADEEM TAHIR

Address

:

HOUSE 244, STREET 15, ASKARI 5, GULBERG III, LAHORE, 54000, PAKISTAN.

IC / PP No

:

AJ9453202

Nationality

:

PAKISTANI

Date of Appointment

:

10/09/2009

 

DIRECTOR 2

 

Name Of Subject

:

MRS. BALAKRISHNAN PADMAPATHI

Address

:

344 CHOA CHU KANG LOOP, 03-47, 680344, SINGAPORE.

IC / PP No

:

S1424352F

Nationality

:

SINGAPOREAN

Date of Appointment

:

04/08/2005

 

DIRECTOR 3

 

Name Of Subject

:

B. SHAMALAH REDDY

Address

:

529 JURONG WEST STREET 52, 08-373, 640529, SINGAPORE.

IC / PP No

:

S7734967G

Nationality

:

SINGAPOREAN

Date of Appointment

:

04/08/2005



MANAGEMENT

 

 

 

1)

Name of Subject

:

BALAKRISHNAN PADMAPATHI

 

Position

:

MANAGING DIRECTOR

 

 

 

AUDITOR


No Auditor found in our databank



COMPANY SECRETARIES

 

1)

Company Secretary

:

SEET SU MENG

 

IC / PP No

:

S1601987I

 

Address

:

417, ANG MO KIO AVENUE 10, 09-1021, 560417, SINGAPORE.

 

 

BANKING


No Banker found in our databank.



ENCUMBRANCE (S)


No encumbrance was found in our databank at the time of investigation.

 

 

PROFIT AND LOSS ACCOUNT

 

 

THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS.

BS TECH PTE. LTD.

 

Financial Year End

2011-07-31

2010-07-31

Months

12

12

Consolidated Account

Company

Company

Audited Account

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

Financial Type

FULL

FULL

Currency

SGD

SGD

TURNOVER

2,128,228

1,533,582

 

----------------

----------------

Total Turnover

2,128,228

1,533,582

 

----------------

----------------

PROFIT/(LOSS) FROM OPERATIONS

<235,346>

<98,419>

 

----------------

----------------

PROFIT/(LOSS) BEFORE TAXATION

<235,346>

<98,419>

 

----------------

----------------

PROFIT/(LOSS) AFTER TAXATION

<235,346>

<98,419>

 

----------------

----------------

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

 

 

As previously reported

89,950

188,369

 

----------------

----------------

As restated

89,950

188,369

 

----------------

----------------

PROFIT AVAILABLE FOR APPROPRIATIONS

<145,396>

89,950

 

----------------

----------------

RETAINED PROFIT/(LOSS) CARRIED FORWARD

<145,396>

89,950

 

=============

=============

INTEREST EXPENSE (as per notes to P&L)

 

 

Hire purchase

18,997

103

Term loan / Borrowing

15,158

-

 

----------------

----------------

 

34,155

103

 

 

 

BALANCE SHEET

 

 

BS TECH PTE. LTD.

 

ASSETS EMPLOYED:

 

 

FIXED ASSETS

206,685

21,685

 

----------------

----------------

TOTAL LONG TERM ASSETS

206,685

21,685

CURRENT ASSETS

 

 

Trade debtors

579,610

480,968

Other debtors, deposits & prepayments

23,138

25,117

Cash & bank balances

172,862

34,786

Others

80,253

-

 

----------------

----------------

TOTAL CURRENT ASSETS

855,863

540,871

 

----------------

----------------

TOTAL ASSET

1,062,548

562,556

 

=============

=============

CURRENT LIABILITIES

 

 

Trade creditors

114,864

85,945

Other creditors & accruals

30,541

27,534

Short term borrowings/Term loans

160,753

-

Amounts owing to director

423,348

253,146

Provision for taxation

5,546

5,546

Lease payables

29,793

435

 

----------------

----------------

TOTAL CURRENT LIABILITIES

764,845

372,606

 

----------------

----------------

NET CURRENT ASSETS/(LIABILITIES)

91,018

168,265

 

----------------

----------------

TOTAL NET ASSETS

297,703

189,950

 

=============

=============

SHARE CAPITAL

 

 

Ordinary share capital

100,000

100,000

 

----------------

----------------

TOTAL SHARE CAPITAL

100,000

100,000

RESERVES

 

 

Retained profit/(loss) carried forward

<145,396>

89,950

 

----------------

----------------

TOTAL RESERVES

<145,396>

89,950

 

----------------

----------------

SHAREHOLDERS' FUNDS/EQUITY

<45,396>

189,950

LONG TERM LIABILITIES

 

 

Long term loans

182,796

-

Lease obligations

160,303

-

 

----------------

----------------

TOTAL LONG TERM LIABILITIES

343,099

-

 

----------------

----------------

 

297,703

189,950

 

=============

=============

 

 

 

FINANCIAL RATIO

 

 

BS TECH PTE. LTD.

 

TYPES OF FUNDS

 

 

Cash

172,862

34,786

Net Liquid Funds

172,862

34,786

Net Liquid Assets

91,018

168,265

Net Current Assets/(Liabilities)

91,018

168,265

Net Tangible Assets

297,703

189,950

Net Monetary Assets

<252,081>

168,265

BALANCE SHEET ITEMS

 

 

Total Borrowings

503,852

0

Total Liabilities

1,107,944

372,606

Total Assets

1,062,548

562,556

Net Assets

297,703

189,950

Net Assets Backing

<45,396>

189,950

Shareholders' Funds

<45,396>

189,950

Total Share Capital

100,000

100,000

Total Reserves

<145,396>

89,950

LIQUIDITY (Times)

 

 

Cash Ratio

0.23

0.09

Liquid Ratio

1.12

1.45

Current Ratio

1.12

1.45

WORKING CAPITAL CONTROL (Days)

 

 

Stock Ratio

0

0

Debtors Ratio

99

114

Creditors Ratio

20

20

SOLVENCY RATIOS (Times)

 

 

Gearing Ratio

<11.10>

0.00

Liabilities Ratio

<24.41>

1.96

Times Interest Earned Ratio

<5.89>

<954.52>

Assets Backing Ratio

2.98

1.90

PERFORMANCE RATIO (%)

 

 

Operating Profit Margin

<11.06>

<6.42>

Net Profit Margin

<11.06>

<6.42>

Return On Net Assets

<67.58>

<51.76>

Return On Capital Employed

<67.58>

<51.76>

Return On Shareholders' Funds/Equity

518.43

<51.81>

Dividend Pay Out Ratio (Times)

0.00

0.00

NOTES TO ACCOUNTS

 

 

Contingent Liabilities

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.28

UK Pound

1

Rs.99.03

Euro

1

Rs.83.80

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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