MIRA INFORM REPORT

 

 

Report No. :

326934

Report Date :

16.06.2015

           

IDENTIFICATION DETAILS

 

Name :

SINGAPORE TELECOMMUNICATIONS LIMITED

 

 

Formerly Known As :

SINGAPORE TELECOMMUNICATIONS PRIVATE LIMITED

 

 

Registered Office :

31, Exeter Road, Comcentre, 239732

 

 

Country :

Singapore

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

01.11.1993

 

 

Com. Reg. No.:

199201624-D

 

 

Legal Form :

Public

 

 

Line of Business :

Telecommunications Systems & Services & Investment Holding.

 

 

No. of Employees :

21000 [2015]

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Exist

 

 

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, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010 on the strength of renewed exports. Growth in 2014 was slower at 2.9%, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector. The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity, and increasing Singaporean wages. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and high-tech hub. Singapore is a member of the 12-nation Trans-Pacific Partnership free trade negotiations, the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea and New Zealand, and in 2015, Singapore will form, with the other ASEAN members, the ASEAN Economic Community.

 

Source : CIA

 

EXECUTIVE SUMMARY

 

 

REGISTRATION NO.

:

199201624-D

COMPANY NAME

:

SINGAPORE TELECOMMUNICATIONS LIMITED

FORMER NAME

:

SINGAPORE TELECOMMUNICATIONS PRIVATE LIMITED (01/10/1993)

INCORPORATION DATE

:

28/03/1992

COMPANY STATUS

:

EXIST

LEGAL FORM

:

PUBLIC

LISTED STATUS

:

YES

LISTED DATE

:

01/11/1993

REGISTERED ADDRESS

:

31, EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

BUSINESS ADDRESS

:

31, EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

TEL.NO.

:

65-68383388

FAX.NO.

:

65-67328428

EMAIL

:

FEEDBACK@SINGTEL.COM

WEB SITE

:

WWW.SINGTEL.COM

CONTACT PERSON

:

CHUA SOCK KOONG ( CEO )

PRINCIPAL ACTIVITY

:

TELECOMMUNICATIONS SYSTEMS & SERVICES & INVESTMENT HOLDING

ISSUED AND PAID UP CAPITAL

:

15,943,576,949.00 ORDINARY SHARE, OF A VALUE OF SGD 2,633,962,807.88

SALES

:

SGD 16,848,100,000 [2014]

NET WORTH

:

SGD 23,892,600,000 [2014]

STAFF STRENGTH

:

21000 [2015]

BANKER (S)

:

DEUTSCHE BANK AKTIENGESELLSCHAFT
OVERSEA-CHINESE BANKING CORPORATION LTD
THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD
UNITED OVERSEAS BANK LTD

LITIGATION

:

TRACED

FINANCIAL CONDITION

:

STABLE

PAYMENT

:

AVERAGE

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

LOW

CURRENCY EXPOSURE

:

MODERATE

GENERAL REPUTATION

:

GOOD

INDUSTRY OUTLOOK

:

MARGINAL GROWTH

 

 

HISTORY/ BACKGROUND

 

As a public limited company, the Subject must have at least one shareholder but there is no limit on the maximum number of shareholders. The Subject must have at least two directors. A public limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, suing or be sued by other companies. The liabilities of the shareholders are only up to the extent of the equity they have taken up and the creditors cannot claim on shareholders' personal assets even if the Subject is insolvent. The Subject is governed by the Companies Act and must file in its annual return, together with its financial statements with the Registrar of Companies.

 

The Subject is principally engaged in the (as a / as an) telecommunications systems & services & investment holding.

The immediate holding company of the Subject is TEMASEK HOLDINGS (PRIVATE) LIMITED, a company incorporated in SINGAPORE.

 

Share Capital History

Date

Issue & Paid Up Capital

15/06/2015

SGD 2,633,962,807.88

 

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

 

Name

Address

IC/PP/Loc No

Shareholding

(%)

TEMASEK HOLDINGS (PRIVATE) LIMITED

60B, ORCHARD ROAD, 06-18, ATRIUM @ ORCHARD, 238891, SINGAPORE.

197401143

8,271,325,982.00

51.88

CITIBANK NOMINEES SINGAPORE PTE LTD

8, MARINA VIEW, 21-00, ASIA SQUARE, TOWER 1, 018960, SINGAPORE.

198801936

1,651,219,412.00

10.36

DBS NOMINEES PTE LTD

-

-

1,591,279,319.00

9.98

DBSN SERVICES PTE LTD

12, MARINA BOULEVARD, MARINA BAY, FINANCIAL CENTRE, 018982, SINGAPORE.

200602090

1,588,185,852.00

9.96

CENTRAL PROVIDENT FUND BOARD

79, ROBINSON ROAD CPF BUILDING, 068897, SINGAPORE.

T08GB0007

899,771,545.00

5.64

HSBC (SINGAPORE) NOMINEES PTE. LTD.

21, COLLYER QUAY, 10-02, HSBC BUILDING, 049320, SINGAPORE.

194600097

566,630,840.00

3.55

UNITED OVERSEAS BANK NOMINEES PTE LTD

-

-

296,247,816.00

1.86

BNP PARIBAS SECURITIES SERVICES

-

-

200,694,931.00

1.26

CHESS DEPOSITARY NOMINEES PTY LIMITED

20, BRIDGE STREET SYDNEY, NSW 2000, LEVEL 4, AUSTRALIA.

T07UF4207

138,043,174.00

0.87

RAFFLES NOMINEES (PTE) LIMITED

STANDARD CHARTERED @ CHANGI, 03-00, 7, CHANGI BUSINESS PARK CRESCENT, 486028, SINGAPORE.

193700032R

117,041,021.00

0.73

REMAINING SHAREHOLDERS

-

-

623,137,057.00

3.91

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

------

15,943,576,949.00

100.00

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

=====

+ Also Director

 

The Subject's interest in other companies (Subsidiaries/Associates) are shown as follow :

 

Local No

Country

Company

(%)

As At

201111616G

SINGAPORE

SINGTEL INNOV8 HOLDINGS PTE. LTD.

100.00

15/06/2015

199806110W

SINGAPORE

INTEGRATED DIGITAL MALL PTE. LTD.

100.00

15/06/2015

200006907D

SINGAPORE

SINGTEL HELLO! PTE. LTD.

100.00

15/06/2015

199300049D

SINGAPORE

SINGTEL INVESTMENTS PRIVATE LIMITED

100.00

15/06/2015

201423063M

SINGAPORE

HOOQ HOLDINGS PTE. LTD.

100.00

15/06/2015

201310166

SINGAPORE

SINGTEL MYANMAR PTE LTD

100.00

15/06/2015

199900452Z

SINGAPORE

SINGTEL VENTURES (SINGAPORE) PTE LTD

100.00

15/06/2015

199605345R

SINGAPORE

SINGTEL EINVESTMENTS PTE LTD

100.00

15/06/2015

199001826G

SINGAPORE

INFOCOM HOLDING COMPANY PTE LTD

100.00

15/06/2015

197501215D

SINGAPORE

SINGTEL INTERACTIVE PTE. LTD.

100.00

15/06/2015

199404745K

SINGAPORE

SINGASAT PTE LTD

100.00

15/06/2015

199603472D

SINGAPORE

GROUP ENTERPRISE PTE. LTD.

100.00

15/06/2015

199606707C

SINGAPORE

SINGTELSAT PTE LTD

100.00

15/06/2015

198904636G

SINGAPORE

TELECOM EQUIPMENT PTE LTD

100.00

15/06/2015

199406032R

SINGAPORE

SINGAPORE TELECOM PAGING PTE LTD

100.00

15/06/2015

199802130W

SINGAPORE

SINGNET PTE LTD

100.00

15/06/2015

198800369E

SINGAPORE

SINGAPORE TELECOM INTERNATIONAL PTE LTD

100.00

15/06/2015

199406031E

SINGAPORE

SINGAPORE TELECOM MOBILE PTE LTD

100.00

15/06/2015

198101793G

SINGAPORE

NCS PTE. LTD.

100.00

15/06/2015

200102551C

SINGAPORE

SUBSEA NETWORK SERVICES PTE LTD

100.00

15/06/2015

199601563D

SINGAPORE

SINGTEL IDEA FACTORY PTE. LTD.

100.00

15/06/2015

200101508W

SINGAPORE

SINGTEL GROUP TREASURY PTE. LTD.

100.00

15/06/2015

199705906G

SINGAPORE

SINGTEL ASIAN INVESTMENTS PTE LTD

100.00

15/06/2015

201218301

SINGAPORE

SINGTEL ICT PTE LTD

100.00

15/06/2015

201208485R

SINGAPORE

SINGTEL DIGITAL LIFE PTE. LTD.

100.00

15/06/2015

199802252Z

SINGAPORE

SINGTEL AUSTRALIA HOLDING PTE LTD

100.00

15/06/2015

201011892K

SINGAPORE

SINGTEL SINGAPORE PTE. LTD.

100.00

15/06/2015

198601184R

SINGAPORE

SEMBAWANG CABLE DEPOT PTE LTD

60.00

15/06/2015

199901722C

SINGAPORE

INDIAN OCEAN CABLESHIP PTE. LTD.

50.00

15/06/2015

199702852D

SINGAPORE

RADIANCE COMMUNICATIONS PTE LTD

50.00

15/06/2015

199505665C

SINGAPORE

GRID COMMUNICATIONS PTE. LTD.

50.00

15/06/2015



DIRECTORS

 

DIRECTOR 1

 

Name Of Subject

:

HO AI LIAN

Address

:

25, CORNWALL GARDENS, 269650, SINGAPORE.

IC / PP No

:

S0108404F

Nationality

:

SINGAPOREAN

Date of Appointment

:

07/08/2008

 

DIRECTOR 2

 

Name Of Subject

:

SIMON CLAUDE ISRAEL

Address

:

68, ANDREW ROAD, CALDECOTT HILL ESTATE, 299974, SINGAPORE.

IC / PP No

:

S2677660J

Nationality

:

SINGAPOREAN

Date of Appointment

:

04/07/2003

 

DIRECTOR 3

 

Name Of Subject

:

CHUA SOCK KOONG

Address

:

15A, OEI TIONG HAM PARK, 268302, SINGAPORE.

IC / PP No

:

S1240930C

Nationality

:

SINGAPOREAN

Date of Appointment

:

12/10/2006

 

DIRECTOR 4

 

Name Of Subject

:

DAVID MICHAEL GONSKI

Address

:

SUITE 505, 25 LIME STREET, SYDNEY NSW, 2000, AUSTRALIA.

IC / PP No

:

E4060731

Nationality

:

AUSTRALIAN

Date of Appointment

:

01/03/2013

 

DIRECTOR 5

 

Name Of Subject

:

VENKATARAMAN VISHNAMPET GANESAN

Address

:

65, GLORIA CIRCLE, MENLO PARK CA, 94025, UNITED STATES.

IC / PP No

:

442546159

Nationality

:

AMERICAN

Date of Appointment

:

01/02/2015

 

DIRECTOR 6

 

Name Of Subject

:

KAIKHUSHRU SHIAVAX NARGOLWALA

Address

:

11, WHITE HOUSE PARK, GLENCAIRD RESIDENCES, THE, 257630, SINGAPORE.

IC / PP No

:

S2738016F

Nationality

:

SINGAPOREAN

Date of Appointment

:

29/09/2006

 

DIRECTOR 7

 

Name Of Subject

:

LOW CHECK KIAN

Address

:

8, CLUNY PARK, 259618, SINGAPORE.

IC / PP No

:

S1346701C

Nationality

:

SINGAPOREAN

Date of Appointment

:

09/05/2011

 

DIRECTOR 8

 

Name Of Subject

:

CHIN YOKE CHOONG

Address

:

7, MAPLE LANE, EDEN PARK, 277551, SINGAPORE.

IC / PP No

:

S2554339D

Nationality

:

SINGAPOREAN

Date of Appointment

:

01/05/2012

 

DIRECTOR 9

 

Name Of Subject

:

PETER EDWARD MASON

Address

:

18/22, WYLDE STREET, POTTS POINTS, NSW 2011, AUSTRALIA.

IC / PP No

:

E4129791

Nationality

:

AUSTRALIAN

Date of Appointment

:

21/09/2010

 

DIRECTOR 10

 

Name Of Subject

:

TEO SWEE LIAN

Address

:

21, TAN SIM BOH ROAD, 307714, SINGAPORE.

IC / PP No

:

S1351503D

Nationality

:

SINGAPOREAN

Date of Appointment

:

13/04/2015

 

DIRECTOR 11

 

Name Of Subject

:

PETER ONG BOON KWEE

Address

:

100, HIGH STREET, 10-01, THE TREASURY, 179434, SINGAPORE.

IC / PP No

:

S1462421Z

Nationality

:

SINGAPOREAN

Date of Appointment

:

01/09/2010

 

DIRECTOR 12

 

Name Of Subject

:

CHRISTINA HON KWEE FONG

Address

:

35, LENGKOK MERAK, 248881, SINGAPORE.

IC / PP No

:

S2623697E

Nationality

:

SINGAPOREAN

Date of Appointment

:

07/04/2014




MANAGEMENT

 

 

 

1)

Name of Subject

:

CHUA SOCK KOONG

Position

:

CEO, MANAGING DIRECTOR

 

AUDITOR

 

Auditor

:

DELOITTE & TOUCHE LLP

Auditor' Address

:

N/A

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

LIM LI CHING

IC / PP No

:

S1752059H

Address

:

97C, TOH YI DRIVE, TOH YI COURT, 596553, SINGAPORE.

 

 

 

BANKING


Banking relations are maintained principally with :

1)

Name

:

DEUTSCHE BANK AKTIENGESELLSCHAFT

 

2)

Name

:

OVERSEA-CHINESE BANKING CORPORATION LTD

 

3)

Name

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD

 

4)

Name

:

UNITED OVERSEAS BANK LTD

 

 

 

ENCUMBRANCE (S)


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

 

 

LITIGATION CHECK AGAINST SUBJECT


* A check has been conducted in our databank against the Subject whether the subject has been involved in any litigation.

 

LEGAL ACTION

 

 

Code No

:

99

Case No

:

525

Year

:

2006

Place

:

SINGAPORE

Court

:

SUPREME COURT

Date Filed

:

16/08/2006

Solicitor

:

S MAGINTHARAN

Solicitor Ref

:

2813.SM.06.SL

Solicitor Firm

:

NETTO & MAGIN LLC

Plaintiff

:

SIN LIANG HENG CONSTRUCTION PTE LTD

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

1738810.99

Nature of Claim

:

SGD

Remark

:

BUILDING AND CONSTRUCTION LAW


Code No

:

99

Case No

:

12949

Year

:

2006

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

29/05/2006

Solicitor

:

ASSOMULL MADAN D T

Solicitor Ref

:

MA.15428.06.SG(SM)

Solicitor Firm

:

ASSOMULL & PARTNERS

Plaintiff

:

LOW JIING DUAN
COMFORT TRANSPORTATION PTE LTD

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

3302

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

23884

Year

:

2007

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

25/10/2007

Solicitor

:

KWOK LING LING BONNIE

Solicitor Ref

:

BK.5801.07

Solicitor Firm

:

BONNIE KWOK & CO

Plaintiff

:

KASIRAN BIN HUSSEIN

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

4300

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

24114

Year

:

2007

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

29/10/2007

Solicitor

:

HARPAL SINGH BAJAJ

Solicitor Ref

:

10888/MJ 10888/MJ

Solicitor Firm

:

YU & CO YU & CO

Plaintiff

:

SEE LYE HENG

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

134.35

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

4388

Year

:

2009

Place

:

SINGAPORE

Court

:

DISTRICT COURT

Date Filed

:

17/12/2009

Solicitor Ref

:

EHM.SOMPO.0034

Solicitor Firm

:

UNITED LEGAL ALLIANCE LLC

Plaintiff

:

SOMPO JAPAN INSURANCE (SINGAPORE) PTE LTD

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

119171.61

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

4494

Year

:

2010

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

22/02/2010

Solicitor Ref

:

LLH.JL.1634.1009.PVR

Solicitor Firm

:

TOMMY CHOO MARK GO & PARTNERS

Plaintiff

:

LIM CHING SOON

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

5052

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

11107

Year

:

2010

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

30/04/2010

Solicitor Ref

:

AW-INS-PI-62587-09-SC

Solicitor Firm

:

VISION LAW LLC

Plaintiff

:

MAZLAN BIN MOHD NOOR

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

436.30

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

24164

Year

:

2010

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

14/09/2010

Solicitor Ref

:

LLH.IRD.1070.0210.PHB

Solicitor Firm

:

TOMMY CHOO MARK GO & PARTNERS

Plaintiff

:

PARIMAL TRADING AND CONSTRUCTION PTE LTD

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

18600

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

10641

Year

:

2010

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

27/04/2010

Solicitor Ref

:

666-09

Solicitor Firm

:

JOSEPH GAY & COMPANY

Plaintiff

:

PEH WAH SIN

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

5058.98

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

23980

Year

:

2010

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

09/09/2010

Solicitor Ref

:

VR/2790/10M

Solicitor Firm

:

V RAMAKRISHNAN & CO

Plaintiff

:

THE MANAGEMENT CORPORATION STRATA TITLE PLAN NO 4

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

50000

Nature of Claim

:

SGD

Remark

:

OTHERS/MISCELLANEOUS


Code No

:

99

Case No

:

2416

Year

:

2011

Place

:

SINGAPORE

Court

:

DISTRICT COURT

Date Filed

:

08/08/2011

Solicitor Ref

:

JS.885.10AGS.RG

Solicitor Firm

:

JOSE CHARLES & CO

Plaintiff

:

ANG GUAT SING

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

73517.01

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

3145

Year

:

2011

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

07/02/2011

Solicitor Ref

:

DP.6343.10.TWM

Solicitor Firm

:

DANIEL POON & CO

Plaintiff

:

LAI JONG SING (LI YONGSHEN)

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

6900

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

11094

Year

:

2011

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

29/04/2011

Solicitor Ref

:

WL.322.09

Solicitor Firm

:

WINSTON LOW & PARTNERS

Plaintiff

:

ONG KEONG ENG

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

1860.70

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

3266

Year

:

2011

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

08/02/2011

Solicitor Ref

:

GTW.ACC.11T404.10

Solicitor Firm

:

GOH JP & WONG

Plaintiff

:

TEOH SIEW LENG (ZHANG XIULING)

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

2198

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

28307

Year

:

2011

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

22/11/2011

Solicitor Ref

:

KK.PI(K).12398.20 10

Solicitor Firm

:

K. KRISHNA & PARTNERS

Plaintiff

:

YANG SHUAI

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

1875.75

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

25219

Year

:

2011

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

17/10/2011

Solicitor Ref

:

111/9A/TM

Solicitor Firm

:

YAP KIM CHENG & CO

Plaintiff

:

TOKIO MARINE INSURANCE SINGAPORE LTD
CHUGOKU MARINE PAINTS (SINGAPORE) PTE LTD

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

37400

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

21824

Year

:

2012

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

15/08/2012

Solicitor Ref

:

AKN-INS-PC-76984-10-AT

Solicitor Firm

:

VISION LAW LLC

Plaintiff

:

CHEN XUAN HUANG MARCUS

Defendants

:

SINGAPORE TELECOMMINICATIONS LIMITED (199201624)

Amount Claimed

:

139.50

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

29772

Year

:

2012

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

06/11/2012

Solicitor Ref

:

4613

Solicitor Firm

:

FABIAN & KHOO FABIAN & KHOO

Plaintiff

:

CHUGOKU MARINE PAINTS (S) P/L

Defendants

:

SINGAPORE TELECOMMINICATIONS LIMITED (199201624)

Amount Claimed

:

7543.50

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

10645

Year

:

2012

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

20/04/2012

Solicitor Ref

:

FT.WYF.PI.PI.DF.5684(CW)

Solicitor Firm

:

FABIAN & KHOO

Plaintiff

:

FOO CHEK BOON DANIEL

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

1303.9

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

557

Year

:

2012

Place

:

SINGAPORE

Court

:

DISTRICT COURT

Date Filed

:

25/02/2012

Solicitor Ref

:

AM-INS-PC-72320-10-JT

Solicitor Firm

:

VISION LAW LLC

Plaintiff

:

TEO YEAN TENG

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

4116.24

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

10152

Year

:

2012

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

17/04/2012

Solicitor Ref

:

CL/111139/T/MCS

Solicitor Firm

:

CATHERINE LIM & CO

Plaintiff

:

YUSMAN BIN MISRON

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

31 EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Amount Claimed

:

13000

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

19661

Year

:

2013

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

05/09/2013

Solicitor Ref

:

KS/4584/13/PD (NHT)-IG

Solicitor Firm

:

ISLAND LAW LLC

Plaintiff

:

ADLERTECH SYSTEMS PTE LTD

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

Amount Claimed

:

24745

Nature of Claim

:

SGD

Remark

:

TORT - NEGLIGENCE


Code No

:

99

Case No

:

21513

Year

:

2013

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

02/10/2013

Solicitor Ref

:

GS/4931/SK/YM

Solicitor Firm

:

KSCGP JURIS LLP

Plaintiff

:

KENG SOON AUTO PTE LTD

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

Amount Claimed

:

5356

Nature of Claim

:

SGD

Remark

:

NEGLIGENCE


Code No

:

99

Case No

:

23544

Year

:

2013

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

30/10/2013

Solicitor

:

LEONG HUIXIAN JANIS

Solicitor Ref

:

JEQ/60615/0812/PM

Solicitor Firm

:

JUSEQUITY LAW CORPORATION

Plaintiff

:

SERI MURNI BINTI IBRAHIM

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

Remark

:

NEGLIGENCE


Code No

:

99

Case No

:

5372

Year

:

2013

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

11/03/2013

Solicitor Ref

:

JEQ/60623/0812/LH S

Solicitor Firm

:

JUSEQUITY LAW CORPORATION

Plaintiff

:

SO DIAP LAI

Defendants

:

SINGAPORE TELECOMMINICATIONS LIMITED (199201624)

Amount Claimed

:

19797.52

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

12280

Year

:

2013

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

04/06/2013

Solicitor Ref

:

KS/3516B/12/PD (LA)-IG

Solicitor Firm

:

ISLAND LAW LLC

Plaintiff

:

YAP SAN SAN

Defendants

:

SINGAPORE TELECOMMINICATIONS LIMITED (199201624)

Amount Claimed

:

298410

Nature of Claim

:

SGD

Remark

:

TORT-NEGLIGENCE


Code No

:

99

Case No

:

6932

Year

:

2014

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

14/04/2014

Solicitor

:

NG YONG ERN RAYMOND

Solicitor Ref

:

RN.BH.0020.13.T6

Solicitor Firm

:

TAN LAY KENG & CO.

Plaintiff

:

BUKIT BATOK VILLAGE EATING HOUSE

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

CHUGOKU MARINE PAINTS (SINGAPORE) PTE LTD (198000761)

22 TUAS STREET, 638459, SINGAPORE.

Remark

:

NEGLIGENCE


Code No

:

99

Case No

:

5001

Year

:

2014

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

18/03/2014

Solicitor

:

VICTOR LEONG WAI MENG

Solicitor Ref

:

13-A12-2831-VL.JP

Solicitor Firm

:

LEGAL OPTIONS LLC

Plaintiff

:

QPR AIR-CON ENGINEERING

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

Remark

:

NEGLIGENCE


Code No

:

99

Case No

:

15793

Year

:

2014

Place

:

SINGAPORE

Court

:

MAGISTRATE COURT

Date Filed

:

21/08/2014

Solicitor

:

LEONG KENG KHEONG

Solicitor Ref

:

LKK.879.11.EM

Solicitor Firm

:

LEONG CHUA & WONG

Plaintiff

:

THAM PECK THENG

Defendants

:

SINGAPORE TELECOMMUNICATIONS LIMITED (199201624)

Amount Claimed

:

1900

Nature of Claim

:

SGD

Remark

:

NEGLIGENCE

 

No winding up petition was found in our databank

 

 

 

PAYMENT RECORD

 

 

SOURCES OF RAW MATERIALS:

Local

:

N/A

Overseas

:

N/A


The Subject refused to disclose its suppliers.

The Subject refused to provide any name of trade/service supplier and we are unable to conduct any trade enquiry. However, from financial historical data we conclude that :

 

OVERALL PAYMENT HABIT

Prompt 0-30 Days

[

]

Good 31-60 Days

[

]

Average 61-90 Days

[

X

]

Fair 91-120 Days

[

]

Poor >120 Days

[

]

 

 

CLIENTELE

 

Local

:

YES

Domestic Markets

:

SINGAPORE

Overseas

:

YES

Export Market

:

ASIA

AUSTRALIA

Credit Term

:

AS AGREED

Payment Mode

:

CHEQUES
TELEGRAPHIC TRANSFER (TT)

 

 

OPERATIONS

 

Services

:

TELECOMMUNICATIONS SYSTEMS & SERVICES & INVESTMENT HOLDING

Product Brand Name

:

SINGTEL

 

Total Number of Employees:

 

YEAR

2015

2014

2013

2012


GROUP

N/A

N/A

23000

23,000

COMPANY

21000

21000

N/A

N/A

 

Branch

:

NO

 

Other Information:


The Subject is principally engaged in the (as a / as an) telecommunications systems & services & investment holding.

The principal activities of the group companies consist of:
* Data communications services;
* Investment holding;
* Operation of a submarine cable system;
* Provision of cable television services;
* Provision of information technology services;
* Provision of mobile phone and paging services;
* Provision of telecommunications and internet services;
* Sale and maintenance of telecommunications equipment;
* Value added network and computer network services; and
* Venture capital investments in start-up technology and
* Telecommunications companies.

Under a license granted by the Info-Communications Development Authority of Singapore ("IDA"), the group had the exclusive rights to provide fixed national and international telecommunications services through 31 march 2000 (with limited exceptions) and public cellular mobile telephone services through 31 march 1997. From the expiry of the exclusive rights, the group's licenses for these telecommunications services continue on a non-exclusive basis to 31 March 2017.

In addition, the Group is licensed to offer internet services and has also obtained frequency spectrum and license rights from IDA to install, operate and maintain 3g mobile communication systems and services respectively, as well as wireless broadband systems and services. The group also holds licenses from the media development authority of Singapore for the purpose of providing subscription nationwide television services.

The Subject is in the operation and provision of telecommunications systems and services and investment holding.

The Group provides a wide range of communications services in Singapore and Australia, including:
* national telephone services;
* mobile communications services, including cellular, paging and satellite services;
* public data and private network services, including leased line, switched data, broadband, ip and internet access services;
* international telephone services, including international direct dialling, calling cards, facsimile services and international corporate voice and wholesale voice services.

Together with its regional partners, subject is Asia's largest multi-market mobile operator, serving 35 million customers in six markets - Australia, India, Indonesia, the Philippines, Singapore and Thailand.

The Subject is a member of the following entities:
* Singapore Information Technology Federation
* Singapore International Chambers of Commerce


RECENT DEVELOPMENT


3 Jun 2014

Singapore Telecommunications Ltd:Says its subsidiary SCS Computer Systems Pte. Ltd together with Azalea Technology, Inc, a subsidiary of Ayala Corp, have signed an agreement to divest their entire equity interest in Asticom Technology Inc, a 51 pct-owned subsidiary of SCS, to Globe Telecom Inc.Total cash consideration of 12,454,211 Pesos (about S$361,172).Following the divestment, Asticom has ceased to be a subsidiary of SingTel.

2 May 2014

Singapore Telecommunications Ltd:Says its subsidiary, SingTel Innov8 Pte Ltd has entered into an agreement to purchase 189,931 shares in Kai Square Pte Ltd.For the consideration of S$1.95 mln.Upon completion of the purchase SingTel shareholding will increase from 19.08 pct to 39.15 pct.

 

CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the Subject indicated that :

Telephone Number Provided By Client

:

N/A

Current Telephone Number

:

65-68383388

Match

:

N/A

Address Provided by Client

:

31 EXETER ROAD COMCENTRE PODIUM BLOCK 2ND STOREY SINGAPORE 239732

Current Address

:

31, EXETER ROAD, COMCENTRE, 239732, SINGAPORE.

Match

:

NO

 

 

Other Investigations


We contacted one of the staff from the Subject and she provided some information.

The address provided also belongs to the Subject.



FINANCIAL ANALYSIS

 

Profitability

Turnover

:

Decreased

[

2010 - 2014

]

Profit/(Loss) Before Tax

:

Increased

[

2010 - 2014

]

Return on Shareholder Funds

:

Acceptable

[

15.29%

]

Return on Net Assets

:

Acceptable

[

13.84%

]

The continuous fall in turnover could be due to the lower demand for the Subject's products / services.The Subject's management have been efficient in controlling its operating costs. The Subject's management had generated acceptable return for its shareholders using its assets.

Working Capital Control

Stock Ratio

:

Favourable

[

4 Days

]

Debtor Ratio

:

Favourable

[

51 Days

]

Creditors Ratio

:

Unfavourable

[

85 Days

]

The Subject's stocks were moving fast thus reducing its holding cost. This had reduced funds being tied up in stocks. The favourable debtors' days could be due to the good credit control measures implemented by the Subject. The unfavourable creditors' ratio could be due to the Subject taking advantage of the credit granted by its suppliers. However this may affect the goodwill between the Subject and its suppliers and the Subject may inadvertently have to pay more for its future supplies.

Liquidity

Liquid Ratio

:

Unfavourable

[

0.73 Times

]

Current Ratio

:

Unfavourable

[

0.76 Times

]

A low liquid ratio means that the Subject may be facing working capital deficiency. If the Subject cannot obtain additional financing or injection of fresh capital, it may face difficulties in meeting its short term obligations.

Solvency

Interest Cover

:

Favourable

[

15.21 Times

]

Gearing Ratio

:

Favourable

[

0.34 Times

]

The interest cover showed that the Subject was able to service the interest. The favourable interest cover could indicate that the Subject was making enough profit to pay for the interest accrued. The Subject was lowly geared thus it had a low financial risk. The Subject was mainly financed by its shareholders' funds and internally generated funds. In times of economic slowdown / downturn, the Subject being a lowly geared company, will be able to compete better than those companies which are highly geared in the same industry.

Overall Assessment :

Due to the efficient control of its operating costs, the Subject was able to remain profitable despite lower turnover achieved during the year. Due to its weak liquidity position, the Subject will be faced with problems in meeting all its short term obligations if no short term loan is obtained or additional capital injected into the Subject. With the favourable interest cover, the Subject could be able to service all the accrued interest without facing any difficulties. The Subject as a lowly geared company, will be more secured compared to those highly geared companies. It has the ability to meet all its long term obligations.

Overall financial condition of the Subject : STABLE

 

SINGAPORE ECONOMIC/ INDUSTRY OUTLOOK

 

 

Major Economic Indicators :

2009

2010

2011

2012

2013

 

Population (Million)

4.98

5.08

5.18

5.31

5.40

Gross Domestic Products ( % )

(0.8)

14.5

4.9

1.3

3.7

Consumer Price Index

0.6

2.8

5.2

4.6

2.4

Total Imports (Million)

356,299.3

423,221.8

459,655.1

474,554.0

466,762.0

Total Exports (Million)

391,118.1

478,840.7

514,741.2

510,329.0

513,391.0

 

Unemployment Rate (%)

3.2

2.2

2.1

2.0

1.9

Tourist Arrival (Million)

9.68

11.64

13.17

14.49

15.46

Hotel Occupancy Rate (%)

75.8

85.6

86.5

86.4

86.3

Cellular Phone Subscriber (Million)

1.37

1.43

1.50

1.52

1.97

 

Registration of New Companies (No.)

26,414

29,798

32,317

31,892

37,288

Registration of New Companies (%)

4.3

12.8

8.5

(1.3)

9.8

Liquidation of Companies (No.)

22,393

15,126

19,005

17,218

17,369

Liquidation of Companies (%)

113.4

(32.5)

25.6

9.4

(5.3)

 

Registration of New Businesses (No.)

26,876

23,978

23,494

24,788

22,893

Registration of New Businesses (%)

8.15

(10.78)

2.02

5.51

1.70

Liquidation of Businesses (No.)

23,552

24,211

23,005

22,489

22,598

Liquidation of Businesses (%)

11.4

2.8

(5)

(2.2)

0.5

 

Bankruptcy Orders (No.)

2,058

1,537

1,527

1,748

1,992

Bankruptcy Orders (%)

(11.5)

(25.3)

(0.7)

14.5

14.0

Bankruptcy Discharges (No.)

3,056

2,252

1,391

1,881

2,584

Bankruptcy Discharges (%)

103.7

(26.3)

(38.2)

35.2

37.4

 

INDUSTRIES ( % of Growth ) :

Agriculture

Production of Principal Crops

3.25

(0.48)

4.25

3.64

-

Fish Supply & Wholesale

(1.93)

(10.5)

12.10

(0.5)

-

 

Manufacturing *

71.5

92.8

100.0

100.3

102.0

Food, Beverages & Tobacco

90.4

96.4

100.0

103.5

103.5

Textiles

145.9

122.1

100.0

104.0

87.1

Wearing Apparel

211.0

123.3

100.0

92.1

77.8

Leather Products & Footwear

79.5

81.8

100.0

98.6

109.8

Wood & Wood Products

101.4

104.0

100.0

95.5

107.4

Paper & Paper Products

95.4

106.1

100.0

97.4

103.2

Printing & Media

100.9

103.5

100.0

93.0

86.1

Crude Oil Refineries

96.4

95.6

100.0

99.4

93.5

Chemical & Chemical Products

80.3

97.6

100.0

100.5

104.1

Pharmaceutical Products

49.1

75.3

100.0

109.7

107.2

Rubber & Plastic Products

101.2

112.3

100.0

96.5

92.9

Non-metallic Mineral

91.9

92.5

100.0

98.2

97.6

Basic Metals

92.6

102.2

100.0

90.6

76.5

Fabricated Metal Products

90.8

103.6

100.0

104.3

105.1

Machinery & Equipment

57.3

78.5

100.0

112.9

114.5

Electrical Machinery

86.8

124.1

100.0

99.3

108.5

Electronic Components

85.2

113.6

100.0

90.6

94.3

Transport Equipment

96.0

94.0

100.0

106.3

107.5

 

Construction

(36.9)

14.20

20.50

28.70

-

Real Estate

1.4

21.3

25.4

31.9

-

 

Services

Electricity, Gas & Water

1.70

4.00

7.00

6.30

-

Transport, Storage & Communication

3.90

12.80

7.40

5.30

-

Finance & Insurance

(16.4)

(0.4)

8.90

0.50

-

Government Services

4.50

9.70

6.90

6.00

-

Education Services

0.10

(0.9)

(1.4)

0.30

-

 

* Based on Index of Industrial Production (2011 = 100)



INDUSTRY ANALYSIS

 

INDUSTRY :

TELECOMMUNICATION

Singapore's telecommunications industry has outperformed many of its regional peers with strong adoption of the latest products and services. Partially due to the country's small landmass and population size, the telecoms market has rapidly grown to a stage where it is approaching saturation. Next generation technologies, both mobile and fixed, are therefore the next step in fostering new developments and revenue streams, and industry players - the regulator and operators - have rightly moved in that direction.

BMI forecasted Singapore's mobile sector will grow by only 1.2% annually between 2013 and 2018 owing to the high penetration and a shift in operators' strategies. The fixed-line market has started to contract earlier than they had expected, and they forecasted the number of subscribers to decline to 1.7mn in 2018. Next generation fibre and LTE services are the future growth drivers for the Singaporean broadband industry, although they expect the growth momentum to be relative slow initially due to factors such as contract lock-in period. They forecasted 11.7mn broadband subscribers in the country by end-2018.

The number of broadband subscribers has increased by 4.5% in 2013, slower than the 11% surge in the previous year. With the continued rise in the number of subscribers, the broadband subscription rate ticked up from 1.9 per capita in 2012 to 2.0 per capita in 2013. Similarly, the international telephone call duration rose by 7.8% in 2013, moderating from the 8.9% increase in the previous year. In particular, call duration in the first half of the year increased by 1.6%, much slower than the 14% increase over the same period in 2012.

By contrast, the number of mobile subscribers grew by 4.4% in 2013, extending the 4.0% growth in 2012. As a result of the increase in subscribers, the mobile subscription rate reached 1.6 per capita in 2013, slightly higher than the 1.5 per capita in 2012.

OVERALL INDUSTRY OUTLOOK : MARGINAL GROWTH



CREDIT RISK EVALUATION & RECOMMENDATION

 


Incorporated in 1992, the Subject is a Public Listed company, focusing on telecommunications systems & services & investment holding. The Subject has been in business for over two decades. It has built up a strong clientele base and good reputation will enable the Subject to further enhance its business in the near term. The Subject is expected to enjoy a stable market shares. The Subject is a large entity with strong capital position of SGD 2,633,962,808. We are confident with the Subject's business and its future growth prospect. Having strong support from its holding company has enabled the Subject to remain competitive despite the challenging business environment.

Over the years, the Subject has penetrated into both the local and overseas market. The Subject has positioned itself in the global market and is competing in the industry. Its stable clientele base will enable the Subject to further enhance its business in the near term. Being a large entity, the Subject has a steady workforce of 21000 personnel to support its business operations. Its future prospects seem to be fairly good as its business operations are running relatively stable. Overall, we regard that the Subject's management capability is average. This indicates that the Subject has greater potential to improve its business performance and raising income for the Subject.

Despite the lower turnover, the Subject's pre-tax profit have increased compared to the previous year. The higher profit could be due to better control of its operating costs and efficiency in utilising its resources. Return on shareholders' funds of the Subject was at an acceptable range which indicated that the management was efficient in utilising its funds to generate income. Due to its weak liquidity position, the Subject may face working capital deficiency in meeting its short term financial obligations if no fresh capital are injected into the Subject. Being a lowly geared company, the Subject is exposed to low financial risk as it is mainly dependent on its internal funds to finance its business needs. Given a positive net worth standing at SGD 23,892,600,000, the Subject should be able to maintain its business in the near terms.

Having a strong assets backing, the Subject possesses latent assets as collateral for further financial extension. Hence, it has good chance of getting loans if the needs arises.

The Subject's payment habit is average. With its adequate working capital, the Subject should be able to pay its short term debts.

The industry has reached its maturity stage and only enjoying a marginal growth. The steady growth of the country's economy will further enhance the industry activities. Thus, the Subject's future performance is very much depend on its marketing strategies in order to retain its position in the market.

Based on the above condition, we recommend credit be granted to the Subject promptly.

 



 

PROFIT AND LOSS ACCOUNT

 

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

SINGAPORE TELECOMMUNICATIONS LIMITED

 

Financial Year End

2014-03-31

2013-03-31

2012-03-31

2011-03-31

2010-03-31

Months

12

12

12

12

12

Consolidated Account

GROUP

GROUP

GROUP

GROUP

GROUP

Audited Account

YES

YES

YES

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

YES

YES

YES

Financial Type

FULL

FULL

FULL

FULL

FULL

Currency

SGD

SGD

SGD

SGD

SGD

TURNOVER

16,848,100,000

18,183,000,000

18,825,300,000

18,070,600,000

16,870,900,000

Other Income

107,600,000

116,800,000

103,200,000

103,200,000

94,700,000

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

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

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

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

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

Total Turnover

16,955,700,000

18,299,800,000

18,928,500,000

18,173,800,000

16,965,600,000

Costs of Goods Sold

(11,800,300,000)

(13,100,000,000)

(13,709,800,000)

(13,081,500,000)

(12,119,000,000)

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

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

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

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

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

Gross Profit

5,155,400,000

5,199,800,000

5,218,700,000

5,092,300,000

4,846,600,000

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

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

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

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

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

PROFIT/(LOSS) FROM OPERATIONS

2,955,300,000

2,734,100,000

2,883,000,000

2,882,300,000

2,639,000,000

SHARE OF PROFITS/(LOSSES) OF ASSOCIATED COMPANIES

1,392,600,000

1,397,200,000

1,431,400,000

1,564,100,000

1,862,100,000

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

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

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

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

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

PROFIT/(LOSS) BEFORE TAXATION

4,347,900,000

4,131,300,000

4,314,400,000

4,446,400,000

4,501,100,000

Taxation

(691,000,000)

(620,700,000)

(324,900,000)

(623,700,000)

(594,600,000)

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

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

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

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

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

PROFIT/(LOSS) AFTER TAXATION

3,656,900,000

3,510,600,000

3,989,500,000

3,822,700,000

3,906,500,000

Minority interests

(4,900,000)

(2,300,000)

(800,000)

2,600,000

800,000

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

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

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

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

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

PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS

3,652,000,000

3,508,300,000

3,988,700,000

3,825,300,000

3,907,300,000

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

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

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

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

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

PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS

3,652,000,000

3,508,300,000

3,988,700,000

3,825,300,000

3,907,300,000

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

As previously reported

25,424,800,000

24,434,400,000

24,550,000,000

23,082,100,000

21,259,600,000

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

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

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

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

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

As restated

25,424,800,000

24,434,400,000

24,550,000,000

23,082,100,000

21,259,600,000

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

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

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

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

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

PROFIT AVAILABLE FOR APPROPRIATIONS

29,076,800,000

27,942,700,000

28,538,700,000

26,907,400,000

25,166,900,000

TRANSFER TO RESERVES - General

(32,500,000)

(200,000)

-

-

-

DIVIDENDS - Ordinary (paid & proposed)

(2,677,800,000)

(2,517,700,000)

(4,104,300,000)

(2,357,400,000)

(2,084,800,000)

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

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

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

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

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

RETAINED PROFIT/(LOSS) CARRIED FORWARD

26,366,500,000

25,424,800,000

24,434,400,000

24,550,000,000

23,082,100,000

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

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

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

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

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

INTEREST EXPENSE (as per notes to P&L)

Others

305,900,000

345,100,000

394,700,000

367,500,000

325,900,000

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

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

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

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

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

305,900,000

345,100,000

394,700,000

367,500,000

325,900,000

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

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

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

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

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

DEPRECIATION (as per notes to P&L)

2,132,700,000

2,127,400,000

2,001,600,000

1,968,700,000

1,878,000,000

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

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

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

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

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

2,132,700,000

2,127,400,000

2,001,600,000

1,968,700,000

1,878,000,000

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

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

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

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

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

 

BALANCE SHEET

 

 

SINGAPORE TELECOMMUNICATIONS LIMITED

 

ASSETS EMPLOYED:

FIXED ASSETS

11,096,300,000

11,724,900,000

11,580,000,000

11,112,500,000

10,750,200,000

Associated companies

178,300,000

195,500,000

212,400,000

172,400,000

278,800,000

Investments

291,300,000

240,400,000

148,700,000

309,100,000

255,800,000

Deferred assets

828,500,000

945,200,000

963,000,000

764,000,000

890,300,000

Others

11,834,600,000

11,362,300,000

11,520,900,000

10,150,800,000

10,431,900,000

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

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

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

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

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

TOTAL LONG TERM INVESTMENTS/OTHER ASSETS

13,132,700,000

12,743,400,000

12,845,000,000

11,396,300,000

11,856,800,000

Goodwill on consolidation

9,703,600,000

9,699,200,000

9,658,100,000

9,657,200,000

9,654,600,000

Others

1,036,100,000

1,010,200,000

516,000,000

561,100,000

545,600,000

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

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

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

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

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

TOTAL INTANGIBLE ASSETS

10,739,700,000

10,709,400,000

10,174,100,000

10,218,300,000

10,200,200,000

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

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

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

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

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

TOTAL LONG TERM ASSETS

34,968,700,000

35,177,700,000

34,599,100,000

32,727,100,000

32,807,200,000

Stocks

169,600,000

213,700,000

208,100,000

299,300,000

345,800,000

Trade debtors

2,360,200,000

2,747,400,000

2,865,500,000

2,476,600,000

2,425,600,000

Other debtors, deposits & prepayments

955,000,000

707,400,000

635,700,000

538,300,000

404,100,000

Short term deposits

89,300,000

526,500,000

640,300,000

2,049,500,000

1,175,900,000

Interest receivable

82,000,000

79,200,000

82,500,000

117,600,000

105,600,000

Amount due from associated companies

158,600,000

146,000,000

330,800,000

303,100,000

221,200,000

Cash & bank balances

533,200,000

384,500,000

706,100,000

688,500,000

437,700,000

Others

3,400,000

1,100,000

349,500,000

82,300,000

28,400,000

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

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

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

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

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

TOTAL CURRENT ASSETS

4,351,300,000

4,805,800,000

5,818,500,000

6,555,200,000

5,144,300,000

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

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

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

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

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

TOTAL ASSET

39,320,000,000

39,983,500,000

40,417,600,000

39,282,300,000

37,951,500,000

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

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

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

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

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

CURRENT LIABILITIES

Trade creditors

2,759,000,000

2,981,000,000

3,205,600,000

2,747,700,000

2,515,200,000

Other creditors & accruals

876,700,000

914,600,000

669,800,000

766,200,000

764,500,000

Bank overdraft

-

-

-

-

100,000

Short term borrowings/Term loans

813,500,000

391,800,000

105,800,000

2,698,900,000

950,300,000

Other borrowings

-

-

-

-

577,600,000

Deposits from customers

-

-

25,400,000

24,100,000

-

Interest payable

115,900,000

112,100,000

116,800,000

195,600,000

183,900,000

Amounts owing to associated companies

44,700,000

214,200,000

226,100,000

63,200,000

53,200,000

Provision for taxation

366,000,000

429,000,000

298,900,000

391,700,000

338,900,000

Lease payables

-

-

25,300,000

-

-

Other liabilities

714,200,000

749,100,000

861,700,000

1,653,400,000

1,451,100,000

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

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

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

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

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

TOTAL CURRENT LIABILITIES

5,690,000,000

5,791,800,000

5,535,400,000

8,540,800,000

6,834,800,000

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

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

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

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

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

NET CURRENT ASSETS/(LIABILITIES)

(1,338,700,000)

(986,000,000)

283,100,000

(1,985,600,000)

(1,690,500,000)

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

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

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

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

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

TOTAL NET ASSETS

33,630,000,000

34,191,700,000

34,882,200,000

30,741,500,000

31,116,700,000

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

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

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

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

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

SHARE CAPITAL

Ordinary share capital

2,634,000,000

2,634,000,000

2,632,200,000

2,622,800,000

2,616,300,000

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

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

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

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

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

TOTAL SHARE CAPITAL

2,634,000,000

2,634,000,000

2,632,200,000

2,622,800,000

2,616,300,000

Capital reserve

(99,000,000)

(89,900,000)

-

(102,900,000)

(83,300,000)

Exchange equalisation/fluctuation reserve

(3,693,000,000)

(2,565,200,000)

(2,151,500,000)

(1,254,400,000)

(697,900,000)

General reserve

(32,600,000)

(169,400,000)

-

-

-

Retained profit/(loss) carried forward

26,366,500,000

25,424,800,000

24,434,400,000

24,550,000,000

23,082,100,000

Others

(1,307,700,000)

(1,269,700,000)

(1,487,600,000)

(1,487,200,000)

(1,424,400,000)

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

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

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

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

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

TOTAL RESERVES

21,234,200,000

21,330,600,000

20,795,300,000

21,705,500,000

20,876,500,000

MINORITY INTEREST

24,400,000

24,600,000

20,400,000

22,000,000

23,200,000

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

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

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

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

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

SHAREHOLDERS' FUNDS/EQUITY

23,892,600,000

23,989,200,000

23,447,900,000

24,350,300,000

23,516,000,000

Long term loans

7,226,600,000

1,086,000,000

2,169,600,000

-

-

Other long term borrowings

-

-

-

4,586,700,000

854,300,000

Lease obligations

-

207,200,000

192,300,000

-

-

Deferred taxation

444,900,000

299,400,000

243,800,000

295,300,000

294,800,000

Others

2,065,900,000

8,609,900,000

8,828,600,000

1,509,200,000

6,451,600,000

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

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

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

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

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

TOTAL LONG TERM LIABILITIES

9,737,400,000

10,202,500,000

11,434,300,000

6,391,200,000

7,600,700,000

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

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

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

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

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

33,630,000,000

34,191,700,000

34,882,200,000

30,741,500,000

31,116,700,000

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

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

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

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

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

 

FINANCIAL RATIO

 

 

SINGAPORE TELECOMMUNICATIONS LIMITED

 

TYPES OF FUNDS

Cash

622,500,000

911,000,000

1,346,400,000

2,738,000,000

1,613,600,000

Net Liquid Funds

622,500,000

911,000,000

1,346,400,000

2,738,000,000

1,613,500,000

Net Liquid Assets

(1,508,300,000)

(1,199,700,000)

75,000,000

(2,284,900,000)

(2,036,300,000)

Net Current Assets/(Liabilities)

(1,338,700,000)

(986,000,000)

283,100,000

(1,985,600,000)

(1,690,500,000)

Net Tangible Assets

22,890,300,000

23,482,300,000

24,708,100,000

20,523,200,000

20,916,500,000

Net Monetary Assets

(11,245,700,000)

(11,402,200,000)

(11,359,300,000)

(8,676,100,000)

(9,637,000,000)

PROFIT & LOSS ITEMS

Earnings Before Interest & Tax (EBIT)

4,653,800,000

4,476,400,000

4,709,100,000

4,813,900,000

4,827,000,000

Earnings Before Interest, Taxes, Depreciation And Amortization (EBITDA)

6,786,500,000

6,603,800,000

6,710,700,000

6,782,600,000

6,705,000,000

BALANCE SHEET ITEMS

Total Borrowings

8,040,100,000

1,685,000,000

2,467,700,000

7,285,600,000

2,382,300,000

Total Liabilities

15,427,400,000

15,994,300,000

16,969,700,000

14,932,000,000

14,435,500,000

Total Assets

39,320,000,000

39,983,500,000

40,417,600,000

39,282,300,000

37,951,500,000

Net Assets

33,630,000,000

34,191,700,000

34,882,200,000

30,741,500,000

31,116,700,000

Net Assets Backing

23,892,600,000

23,989,200,000

23,447,900,000

24,350,300,000

23,516,000,000

Shareholders' Funds

23,892,600,000

23,989,200,000

23,447,900,000

24,350,300,000

23,516,000,000

Total Share Capital

2,634,000,000

2,634,000,000

2,632,200,000

2,622,800,000

2,616,300,000

Total Reserves

21,234,200,000

21,330,600,000

20,795,300,000

21,705,500,000

20,876,500,000

LIQUIDITY (Times)

Cash Ratio

0.11

0.16

0.24

0.32

0.24

Liquid Ratio

0.73

0.79

1.01

0.73

0.70

Current Ratio

0.76

0.83

1.05

0.77

0.75

WORKING CAPITAL CONTROL (Days)

Stock Ratio

4

4

4

6

7

Debtors Ratio

51

55

56

50

52

Creditors Ratio

85

83

85

77

76

SOLVENCY RATIOS (Times)

Gearing Ratio

0.34

0.07

0.11

0.30

0.10

Liabilities Ratio

0.65

0.67

0.72

0.61

0.61

Times Interest Earned Ratio

15.21

12.97

11.93

13.10

14.81

Assets Backing Ratio

8.69

8.92

9.39

7.82

7.99

PERFORMANCE RATIO (%)

Operating Profit Margin

25.81

22.72

22.92

24.61

26.68

Net Profit Margin

21.68

19.29

21.19

21.17

23.16

Return On Net Assets

13.84

13.09

13.50

15.66

15.51

Return On Capital Employed

10.48

9.96

10.45

11.75

11.68

Return On Shareholders' Funds/Equity

15.29

14.62

17.01

15.71

16.62

Dividend Pay Out Ratio (Times)

0.73

0.72

1.03

0.62

0.53

NOTES TO ACCOUNTS

Contingent Liabilities

0

0

0

0

0

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.64.09

UK Pound

1

Rs.99.57

Euro

1

Rs.71.84

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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