MIRA INFORM REPORT

 

 

 

 

Report Date :

14.02.2014

 

IDENTIFICATION DETAILS

 

Name :

VITOL ASIA PTE LTD

 

 

Registered Office :

#13-01 The Heeren Singapore, 238855

 

 

Country :

Singapore

 

 

Date of Incorporation :

1990

 

 

Com. Reg. No.:

199001917Z

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Subject is an oil and gas company. And finds, extracts, trades, refines, stores and transports materials and resources. Its products include gasoline, diesel, heating oil, fuel oil, jet fuel, naphtha and metals, ethanol and chemicals

 

 

No. of Employees :

112

 


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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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 and address

 

VITOL ASIA PTE LTD

 

260 Orchard Road

#13-01 The Heeren

 

Singapore, 238855

Singapore

 

 

Tel:

65 6737 9922

Fax:

65 6737 0917

 

www.vitol.com

 

Employees:

112

Company Type:

Private Subsidiary

Corporate Family:

55 Companies

Ultimate Parent:

Vitol Holding BV

 

 

Incorporation Date:

1990

Auditor:

ERNST & YOUNG LLP

 

 

Fiscal Year End:

01-Dec-2011

Reporting Currency:

Singapore Dollar

Annual Sales:

44,580.3

Total Assets:

5,273.4

 

Business Description

 

 

Vitol Asia Pte Ltd. (VAPL) is an oil and gas company. The company finds, extracts, trades, refines, stores and transports materials and resources. Its products include gasoline, diesel, heating oil, fuel oil, jet fuel, naphtha and metals, ethanol and chemicals. The company also produces pipe gas and fills. VAPL operates terminals, ship coal and biofuels. It owns and operates 150 kdb of refining assets in Fujairah, Cressier and Antwerp. The company charter tankers and move crude oil and oil products. Its business activities include oil transportation, market intelligence, refining, distribution, marketing, trading and finance. The company operates as a subsidiary of Vitol Holding B.V. VAPL is headquartered in The Heeren, Singapore.

   

Industry

             

 

Industry

Petroleum Wholesale

ANZSIC 2006:

3321 - Petroleum Product Wholesaling

ISIC Rev 4:

4661 - Wholesale of solid, liquid and gaseous fuels and related products

NACE Rev 2:

4671 - Wholesale of solid, liquid and gaseous fuels and related products

NAICS 2012:

424710 - Petroleum Bulk Stations and Terminals

UK SIC 2007:

46711 - Wholesale of petroleum and petroleum products

US SIC 1987:

5171 - Petroleum Bulk stations and Terminals

 

 

                      

 


Key Executives   

   

 

Name

Title

Kho Hui Meng

President

Antoine Dominique Francois Fagniez

Finance Director

Gabriel Chua

Regional IT Officer

Glen James Cabrey

Director

Andrew John Howard Parsons

Director

             

 

News   

 

 

Title

Date

New Chairman and Board Members Appointed at International Enterprise Singapore
Targeted News Service (1185 Words)

13-Dec-2013

Govt to buy 50,000 tonnes of wheat from Vitol Asia
Bangladesh Daily Star (140 Words)

10-Dec-2013

Bangladesh BPC to award naphtha sell tender to Unipec following rebids
Company and Organization Website News (311 Words)

8-Nov-2013

Great Elephant v Trafigura Beheer BV and Others force majeure, foreseeability and FOB Incoterms
The Lawyer (178 Words)

30-Oct-2013

Tesoro said to be restarting Hawaii refinery after repairs
Honolulu Star-Advertiser (278 Words)

22-Aug-2013

Company drops appeal over GPA fuel contract
Guam Pacific Daily News (179 Words)

7-Aug-2013

 

Registered No.(Asia): 199001917Z

 

1 - Profit & Loss Item Exchange Rate: USD 1 = SGD 1.257953


2 - Balance Sheet Item Exchange Rate: USD 1 = SGD 1.28225

 

 

Corporate Overview

 

Location
260 Orchard Road
#13-01 The Heeren
Singapore, 238855
Singapore

 

Tel:

65 6737 9922

Fax:

65 6737 0917

 

www.vitol.com

Sales SGD(mil):

56,079.9

Assets SGD(mil):

6,761.8

Employees:

112

Fiscal Year End:

01-Dec-2011

 

Industry:

Oil and Gas Operations

Incorporation Date:

1990

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(Asia):

199001917Z

 

President:

Kho Hui Meng

Industry Codes

 

 

ANZSIC 2006 Codes:

3321

-

Petroleum Product Wholesaling

3322

-

Metal and Mineral Wholesaling

 

ISIC Rev 4 Codes:

4661

-

Wholesale of solid, liquid and gaseous fuels and related products

4662

-

Wholesale of metals and metal ores

 

NACE Rev 2 Codes:

4671

-

Wholesale of solid, liquid and gaseous fuels and related products

4672

-

Wholesale of metals and metal ores

 

NAICS 2012 Codes:

424710

-

Petroleum Bulk Stations and Terminals

423520

-

Coal and Other Mineral and Ore Merchant Wholesalers

 

US SIC 1987:

5171

-

Petroleum Bulk stations and Terminals

5052

-

Coal and Other Minerals and Ores

 

UK SIC 2007:

46711

-

Wholesale of petroleum and petroleum products

4672

-

Wholesale of metals and metal ores

 

 

 

Business Description

Trading in crude oil, petroleum and petroleum related products and coal.

 

 

 

More Business Descriptions

Trading in crude oils, petroleum and petroleum related products and coal

Vitol Asia Pte Ltd. (VAPL) is an oil and gas company. The company finds, extracts, trades, refines, stores and transports materials and resources. Its products include gasoline, diesel, heating oil, fuel oil, jet fuel, naphtha and metals, ethanol and chemicals. The company also produces pipe gas and fills. VAPL operates terminals, ship coal and biofuels. It owns and operates 150 kdb of refining assets in Fujairah, Cressier and Antwerp. The company charter tankers and move crude oil and oil products. Its business activities include oil transportation, market intelligence, refining, distribution, marketing, trading and finance. The company operates as a subsidiary of Vitol Holding B.V. VAPL is headquartered in The Heeren, Singapore.

 

 


 

Financial Data

Financials in:

SGD(mil)

 

Revenue:

56,079.9

Assets:

6,761.8

 

Date of Financial Data:

01-Dec-2011

1 Year Growth

NA

NA

 

 

Key Corporate Relationships

Auditor:

ERNST & YOUNG LLP

 

Auditor:

ERNST & YOUNG LLP

 

 

 

 

 

Corporate Structure News

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Vitol Holding BV

Parent

Rotterdam

Netherlands

Petroleum Wholesale

296,717.3

3,038

Blueknight Energy Partners, L.P.

Holding

Oklahoma City, OK

United States

Natural Gas Distribution

182.4

535

Blueknight Energy Partners LP

Branch

Dumas, TX

United States

Trucking

21.1

100

BKEP Materials LLC

Subsidiary

Saginaw, TX

United States

Petroleum Product Manufacturing

 

35

BKEP Materials LLC

Subsidiary

Saginaw, TX

United States

Construction and Hardware Materials Wholesale

 

24

Blueknight Energy Partners LP

Branch

Borger, TX

United States

Electromedical and Control Instruments Manufacturing

9.5

22

Blueknight Energy Partners LP

Branch

Borger, TX

United States

Specialty Construction Trade Contractors

3.0

15

Blueknight Energy Partners LP

Branch

Guymon, OK

United States

Miscellaneous Professional Services

1.8

14

Semmaterials LP

Branch

Grand Junction, CO

United States

Civil Engineering

4.3

12

Blueknight Energy Partners LP

Branch

Memphis, TN

United States

Civil Engineering

3.5

11

Blueknight Energy Partners LP

Branch

Hugoton, KS

United States

Specialty Construction Trade Contractors

1.9

10

Blueknight Energy Partners LP

Branch

Borger, TX

United States

Specialty Construction Trade Contractors

1.4

6

Blueknight Energy Partners LP

Branch

Pueblo, CO

United States

Civil Engineering

1.8

5

Blueknight Energy Partners LP

Branch

Midland, TX

United States

Specialty Construction Trade Contractors

1.0

5

Blueknight Energy Partners LP

Branch

Wichita, KS

United States

Specialty Construction Trade Contractors

0.8

5

Blueknight Energy Partners LP

Branch

Pauls Valley, OK

United States

Specialty Construction Trade Contractors

0.8

5

Blueknight Energy Partners LP

Branch

Guymon, OK

United States

Specialty Construction Trade Contractors

0.8

5

Blueknight Energy Partners LP

Branch

Grand Island, NE

United States

Civil Engineering

0.3

1

BKEP Services LLC

Subsidiary

Oklahoma City, OK

United States

Petroleum Wholesale

 

 

BKEP Operating, L.L.C.

Subsidiary

Oklahoma City, OK

United States

Petroleum Wholesale

 

 

BKEP Management, Inc.

Subsidiary

Tulsa, OK

United States

Consulting Services

 

 

Vitol S.A.

Subsidiary

Geneva

Switzerland

Miscellaneous Professional Services

 

175

Vitol London Ltd.

Subsidiary

London

United Kingdom

Petroleum Wholesale

 

175

Varo Energy Holding S.A.

Joint Venture

Geneva

Switzerland

Holding Companies

 

 

Varo Refining Cressier S.A.

Subsidiary

Cressier

Switzerland

Petroleum Product Manufacturing

 

240

Varo Energy Marketing AG

Subsidiary

Zug

Switzerland

Miscellaneous Professional Services

 

10

Petroplus Refining & Marketing Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Manufacturing

402.7

556

Petroplus Refining Teesside Ltd.

Subsidiary

Middlesborough

United Kingdom

Petroleum Wholesale

1,802.9

109

Petroplus Refining Coryton Pension Trustee Ltd.

Subsidiary

Stanford Le Hope

United Kingdom

Miscellaneous Personal Services

 

 

Vitol Central Asia S.A.

Subsidiary

Geneva

Switzerland

Miscellaneous Professional Services

 

 

Vitol Refining S.A.

Subsidiary

Geneva

Switzerland

Miscellaneous Professional Services

 

 

Anchor Insurance S.A.

Subsidiary

Geneva

Switzerland

Insurance Agents

 

 

Hillsborough Resources Limited

Subsidiary

Vancouver, BC

Canada

Coal Mining

19.3

140

Quinsam Coal Corporation

Subsidiary

Campbell River, BC

Canada

Coal Mining

 

150

Quinsam Coal Corp

Branch

Campbell River, BC

Canada

Coal Mining

1.3

2

Vitol Asia Pte Ltd

Subsidiary

Singapore

Singapore

Petroleum Wholesale

44,580.3

112

Antwerp Terminal & Processing Co.

Subsidiary

Antwerpen

Belgium

Petroleum Product Manufacturing

26.2

90

Vitol Singapore Pte Ltd

Subsidiary

Singapore

Singapore

Administrative Services

0.5

10

Vitol B.V.

Subsidiary

Rotterdam, Zuid-Holland

Netherlands

Petroleum Wholesale

 

8

Vitol Netherlands B.V.

Subsidiary

Rotterdam, Zuid-Holland

Netherlands

Petroleum Wholesale

 

1

Abroil Holding B.V.

Subsidiary

Rotterdam, Zuid-Holland

Netherlands

Securities

 

 

Vitol Malaysia B.V.

Subsidiary

Rotterdam, Zuid-Holland

Netherlands

Banking

 

 

Petroned B.V.

Subsidiary

Rotterdam, Zuid-Holland

Netherlands

Petroleum Wholesale

4,088.5

 

Vpi Immingham LLP

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

796.6

 

Antwerp Processing Co.

Subsidiary

Antwerpen

Belgium

Petroleum Product Manufacturing

35.5

 

Vpi Immingham Operations Ltd.

Subsidiary

London

United Kingdom

Electricity Generation and Distribution

28.5

 

Immingham Energy Ltd.

Subsidiary

London

United Kingdom

Electricity Generation and Distribution

 

 

Vpi Ichp Ltd.

Subsidiary

London

United Kingdom

Electricity Generation and Distribution

 

 

Vitol Refining Group B.V.

Subsidiary

Rotterdam, Zuid-Holland

Netherlands

Banking

 

 

Vitol Insurance B.V.

Subsidiary

Rotterdam, Zuid-Holland

Netherlands

Securities

 

 

Vitol Tuban Finance B.V.

Subsidiary

Rotterdam, Zuid-Holland

Netherlands

Banking

 

 

Vitol Fsu B.V.

Subsidiary

Rotterdam, Zuid-Holland

Netherlands

Banking

 

 

Rembrandt Insurance Company, Ltd

Subsidiary

Hamilton HM BX

Bermuda

Property and Causality Insurance

 

 

Arawak Energy Corporation

Affiliates

Anguilla

Anguilla

Petroleum Product Manufacturing

 

 

Altius Energy Corporation

Subsidiary

Calgary, AB

Canada

Petroleum and Natural Gas Extraction

 

 

 


Competitors Report

 

 

CompanyName

Location

Employees

Ownership

Bw Maritime Pte. Ltd.

Singapore, Singapore

111

Private

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

Glen James Cabrey

 

Director

Director/Board Member

Shaman Chan

 

Director

Director/Board Member

Ong Sing Lim

 

Director

Director/Board Member

Andrew John Howard Parsons

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Kho Hui Meng

 

President

President

Antoine Dominique Francois Fagniez

 

Finance Director

Finance Executive

Gabriel Chua

 

Regional IT Officer

Information Executive

 

News

 

 

New Chairman and Board Members Appointed at International Enterprise Singapore
Targeted News Service (1185 Words)

13-Dec-2013

 

 

Govt to buy 50,000 tonnes of wheat from Vitol Asia
Bangladesh Daily Star (140 Words)

10-Dec-2013

 

 

Bangladesh BPC to award naphtha sell tender to Unipec following rebids
Company and Organization Website News (311 Words)

08-Nov-2013

 

 

Great Elephant v Trafigura Beheer BV and Others force majeure, foreseeability and FOB Incoterms
The Lawyer (178 Words)

30-Oct-2013

 

 

Tesoro said to be restarting Hawaii refinery after repairs
Honolulu Star-Advertiser (278 Words)

22-Aug-2013

 

 

Company drops appeal over GPA fuel contract
Guam Pacific Daily News (179 Words)

07-Aug-2013

 

 

Vitol withdraws GPA fuel protest
Marianas Variety - Guam (216 Words)

06-Aug-2013

 

 

Industry loans 26/5/13 - 25/6/13
Project Finance Magazine (8418 Words)

23-Jul-2013

 

 

Vitol still eyeing Petrobas contract
Marianas Variety - Guam (295 Words)

02-Jul-2013

 

 

Decision may put existing supply-chain in trouble
Financial Express Bangladesh (1058 Words)

16-Jun-2013

 

 

Vitol Asia Increases Credit Facility to $2.21bn
Ship & Bunker (110 Words)

12-Jun-2013

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.27

UK Pound

1

Rs.103.47

Euro

1

Rs.84.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS