MIRA INFORM REPORT

 

 

 

 

Report Date :

13.05.2014

 

IDENTIFICATION DETAILS

 

Name :

BAYER (SOUTH EAST ASIA) PTE LTD

 

 

Formerly Known As :

BAYER POLYURETHANES ASIA PTE LTD

 

 

Registered Office :

63 Chulia Street #14-00 Singapore 049514

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

15.05.1979

 

 

Com. Reg. No.:

197901344Z

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Wholesaler of medicinal and pharmaceutical products (western)

 

 

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 – June 30th, 2012

                                                   

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

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 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% 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:

BAYER (SOUTH EAST ASIA) PTE LTD

197901344Z

 

Date Incorporated:

Registered Office:

Telephone Number:

15/05/1979

63 CHULIA STREET #14-00 SINGAPORE 049514

6496 1888

Age of Company:

Website:

Industry Type:

33

www.bayer.com

COMMERCE-WHOLESALE

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

2

21

Better than last month;last month the entity took 28 days to pay

No. of Charges(s):
0

Industry DTC

 

24

 

Directors

 

Corporate Structure

Number of Current Directors

5

Holding Company:

BAYER AKTIENGESELLSCHAFT

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

 

EXECUTIVE SUMMARY

 

Company Name

:

BAYER (SOUTH EAST ASIA) PTE LTD

Registration No

:

197901344Z

Date of Registration

:

15/05/1979

Former Name

:

1.LYONDELL SINGAPORE PTE LTD. Eff. date : 07/10/1998 Eff. date : 07/10/1998

2.BAYER POLYURETHANES ASIA PTE LTD Eff. date : 04/04/2000 Eff. date : 04/04/2000

Date of Change of Name

:

02/01/2002

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

63 CHULIA STREET #14-00 SINGAPORE 049514

Date of Change of Address

:

04/06/2007

Contact No.

:

6496 1888

Fax No.

:

6496 1491

Website

:

www.bayer.com

Registered Activities

:

1. WHOLESALE OF MEDICINAL AND PHARMACEUTICAL PRODUCTS (WESTERN)

TRADE & SUPPLY OF PHARMACEUTICAL PRODUCTS FOR INDUSTRIAL & COMMERCIAL USE.

2. WHOLESALE OF CHEMICALS AND CHEMICAL PRODUCTS NEC

TRADE & SUPPLY OF CHEMICAL RELATED PRODUCTS FOR INDUSTRIAL & COMMERCIAL USE.

Issued Ordinary Capital*

:

$66,926,882.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 66,926,882

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$66,926,882.00 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

:

NA

No. of Local Associates

:

NA

Auditor

:

PRICEWATERHOUSECOOPERS LLP

Bankers / Financiers

:

NA

Turnover

:

SGD - SIN 124,105,320.00 (FY2011)

Net Worth

:

SGD - SIN 134,772,867.00 (FY2011)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

2

S1000 / SME 1000 / FG50 Ranking

:

878 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2010/2011)

939 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2010/2011)

1030 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

1034 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

851 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2007/2008)

Compounded Annual Growth Rate (CAGR)

:

NA

 

SHAREHOLDER DETAILS

 

NAME

:

BAYER AKTIENGESELLSCHAFT

SHAREHOLDER ID

:

S79UF0211D

NATIONALITY

:

NA

ADDRESS

:

KAISER-WILHELM-ALLEE 1, 51373 LEVERKUSEN GERMANY

NO. OF ORD SHARES

:

66,926,882

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

IAN PATERSON

ADDRESS

:

CURT-BECKMANN STRASSE 33 40474 DUSSELDORF, GERMANY

POSITION

:

DIRECTOR

DATE OF APPT

:

01/04/2008

NATIONALITY

:

BRITISH

I/C PASSPORT

:

703010557

 

NAME

:

TOBIAS FELIX MANUEL MARCHAND

ADDRESS

:

25 JALAN SAMPURNA SINGAPORE 268303

POSITION

:

DIRECTOR

DATE OF APPT

:

01/05/2012

NATIONALITY

:

GERMAN

I/C PASSPORT

:

G5156384R

 

NAME

:

RAINER STEINMETZ

ADDRESS

:

82 BAYSHORE ROAD #18-30 COSTA DEL SOL SINGAPORE 469993

POSITION

:

DIRECTOR

DATE OF APPT

:

27/09/2010

NATIONALITY

:

GERMAN

I/C PASSPORT

:

G6452829M

 

NAME

:

YIM POON WAH

ADDRESS

:

60 TREVOSE CRESCENT #04-23 TREVOSE, THE SINGAPORE 298090

POSITION

:

DIRECTOR

DATE OF APPT

:

01/01/2007

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1344599J

 

NAME

:

ALOK KANTI

ADDRESS

:

2010 LE LEMAN LAKE VILLA HOU SHA YU SHUNYI DIST BEIJING1013 00 CHINA

POSITION

:

DIRECTOR

DATE OF APPT

:

01/05/2012

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2730731J

 

NAME

:

JAYANTHI RAVI

ADDRESS

:

5 TANJONG RHU ROAD #14-04 WATERSIDE, THE SINGAPORE 436882

POSITION

:

SECRETARY

 

DATE OF APPT

:

01/09/2011

 

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S6862227A

 

 

KEY PERSONNEL PROFILE

 

Name:

YIM POON WAH

NRIC Number:

S1344599J

Available Address:

60 TREVOSE CRESCENT #04-23 TREVOSE, THE  SINGAPORE 298090

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

BAYER (SOUTH EAST ASIA) PTE LTD

DIRECTOR

01/01/2007

-

NA

2

BAYER (SOUTH EAST ASIA) PTE LTD

MANAGING DIRECTOR

01/01/2007

-

NA

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

BAYER ENVIRONMENTAL HEALTH SINGAPORE PRIVATE LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

01/01/2007

-

2

HENNECKE-MARUKA ASIA PTE LTD

LIVE COMPANY

DIRECTOR

01/01/2007

03/11/2010

3

SCHERING (SINGAPORE) PRIVATE LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

01/01/2007

-

4

SCHERING ASIA-PACIFIC PRIVATE LIMITED

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

01/01/2007

-

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

Transfer

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

 

NA

 

                                                                                                                       

 

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

 

there have been 2  litigation suits filed against Subject.

 

Current Year

On/After 01 Jan 2012

Past Years

Bef 01 Jan 2012

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

1

District ($80,000 - $250,000)

0

1

High (>$250,000)

0

0

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

District Court

 

Case No.

:

1909

 

Transfer

:

-

 

Date of Filing

:

19/06/2008

 

Amount

:

0.00

 

Cause

:

Others / Miscellaneous

 

Case Status

:

CONCLUDED

 

Plaintiff

:

MANAGEMENT CORPORATION STRATA TITLE PLAN NO. 1444

 

Last Update Date

:

06/01/2010

 

2)

Court

:

Magistrate Court

 

Case No.

:

16113

 

Transfer

:

-

 

Date of Filing

:

12/11/1993

 

Amount

:

1,826.36

 

Cause

:

Negligence - Motor Accidents (Injuries)

 

Case Status

:

PENDING

 

Plaintiff

:

TAY JOO HUAT

 

Last Update Date

:

25/01/2005

 

 

COMPLIANCE

 

Date of Last AGM

:

20/06/2012

Date of Last AR

:

25/06/2012

Date of A/C Laid At Last AGM

:

31/12/2011
 

 

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

 

Financial Figures

Company

 

DEC 2011

% Change

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

124,105,320

4.19

119,113,383

291,173,898

197,103,218

199,398,827

Profit/(Loss) Before Tax

37,096,634

30.71

28,381,401

6,175,646

(4,828,273)

(6,878,594)

Profit After Tax attributable

 to Shareholders

33,427,057

33.70

25,002,000

2,510,475

(4,398,944)

(7,399,233)

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

245,055,416

-4.28

256,011,679

262,036,386

287,048,586

307,291,456

Current Assets

74,704,913

-0.36

74,973,291

84,886,856

95,269,367

98,692,143

Non Current Assets

170,350,503

-5.90

181,038,388

177,149,530

191,779,219

208,599,313

 

 

 

 

 

 

 

Total Liabilities

110,282,549

-28.70

154,665,869

200,867,086

234,002,251

249,846,177

Current Liabilities

105,280,728

-29.52

149,366,207

200,266,384

233,614,637

249,333,750

Non Current Liabilities

5,001,821

-5.62

5,299,662

600,702

387,614

512,427

 

 

 

 

 

 

 

Shareholders' Funds

134,772,867

32.98

101,345,810

61,169,300

53,046,335

57,445,279

Share Capital

66,926,882

0.00

66,926,882

51,752,372

46,139,882

46,139,882

Total Reserves

67,845,985

97.12

34,418,928

9,416,928

6,906,453

11,305,397

 

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

4.19

-59.09

47.73

-1.15

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

26.93

20.99

0.86

-2.23

-3.71

Return on Equity (%)

24.80

24.67

4.10

-8.29

-12.88

Return on Assets (%)

13.64

9.77

0.96

-1.53

-2.41

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.82

1.53

3.28

4.41

4.35

Current Debt/Equity (Times)

0.78

1.47

3.27

4.40

4.34

Long Term Debt To Equity (Times)

0.04

0.05

0.01

0.01

0.01

Total Asset To Total Equity (Times)

1.82

2.53

4.28

5.41

5.35

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

0.51

0.47

1.11

0.69

0.65

Fixed Assets Turnover (Times)

0.73

0.66

1.64

1.03

0.96

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

0.71

0.50

0.42

0.41

0.40

 

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 26.93 per cent in FY11 (FY10: 20.99 per cent). The company is now able to book in SGD - SIN 0.27 of profit for every SGD - SIN of sales in FY11, as compared with SGD - SIN 0.21 a year ago.

 

 

Liquidity

 

Current ratio stood at 0.71 times in FY11 (FY10: 0.50 times). This means that the company has SGD - SIN 0.71 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 0.82 times in FY11, compared with 1.53 times in FY10. This means that the company requires additional external financing of SGD - SIN 0.82 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 24.80 per cent for Subject in the current financial period, as compared to 24.67 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 13.64 per cent (FY10: 9.77 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 0.51 times in FY11 (FY10: 0.47 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.59.73

UK Pound

1

Rs.100.82

Euro

1

Rs.82.22

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.