|
|
|
MIRA
INFORM REPORT
|
Report No. : |
501092 |
|
Report Date : |
03.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ORACLE CORPORATION SINGAPORE PTE LTD |
|
|
|
|
Formerly Known As : |
ORACLE SYSTEMS SOUTH EAST ASIA (SINGAPORE) PTE LTD |
|
|
|
|
Registered Office : |
2, Shenton Way, 18-01, Sgx Centre I, 068804 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.05.2017 |
|
|
|
|
Date of Incorporation : |
16.05.1988 |
|
|
|
|
Com. Reg. No.: |
198801539M |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Subject is engaged in the software developments and it related
services. |
|
|
|
|
No. of Employees : |
1200 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Growth in 2014-17 was slower than during the previous decade, at under 3% annually, 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 growth, and increasing Singaporean wages. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a member of the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.
|
Source
: CIA |
EXECUTIVE SUMMARY
|
REGISTRATION NO. |
: |
198801539M |
|
COMPANY NAME |
: |
ORACLE CORPORATION SINGAPORE PTE LTD |
|
FORMER NAME |
: |
ORACLE SYSTEMS SOUTH EAST ASIA (SINGAPORE) PTE LTD (06/10/2000) |
|
INCORPORATION DATE |
: |
16/05/1988 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
2, SHENTON WAY, 18-01, SGX CENTRE I, 068804, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
1 FUSIONOPOLIS PLACE LEVEL 12 GALAXIS, 138522, SINGAPORE. |
|
TEL.NO. |
: |
65-64361000 |
|
FAX.NO. |
: |
65-64361001 |
|
CONTACT PERSON |
: |
PAUL DOYLE ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
SOFTWARE DEVELOPMENTS AND IT RELATED SERVICES |
|
ISSUED AND PAID UP CAPITAL |
: |
16,891.00 ORDINARY SHARE, OF A VALUE OF SGD 4,222,750.00 |
|
SALES |
: |
SGD 623,055,866 [2017] |
|
NET WORTH |
: |
SGD 236,622,743 [2017] |
|
STAFF STRENGTH |
: |
1200 [2018] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
LIMITED |
|
PAYMENT |
: |
REGULAR |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
HISTORY / BACKGROUND |
The Subject is a private limited
company and is allowed to have a minimum of one and a maximum of forty-nine
shareholders. As a private limited company, the Subject must have at least two
directors. A private 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, sue or be sued by other companies. The
liabilities of the shareholders are 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 the
company must file its annual returns, together with its financial statements
with the Registrar of Companies.
The Subject is principally engaged in the (as a / as an) software
developments and it related services.
The immediate holding company of the Subject is ORACLE SINGAPORE
HOLDINGS PTE. LTD., a company incorporated in SINGAPORE.
The ultimate holding company of the Subject is ORACLE CORPORATION,
a company incorporated in UNITED STATES.
Former Address(es)
|
Address |
As At Date |
|
6 Temasek Boulevard No.18-01 Suntec Tower Four, SINGAPORE |
N/A |
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
02/04/2018 |
SGD 4,222,750.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
ORACLE SINGAPORE HOLDINGS PTE. LTD. |
1, FUSIONOPOLIS PLACE, 12, GALAXIS 138522 ,SINGAPORE |
200504397R |
16,891.00 |
100.00 |
|
--------------- |
------ |
|||
|
16,891.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
Status |
(%) |
As At |
|
199300243G |
SINGAPORE |
MICROS-FIDELIO SINGAPORE PTE LTD |
- |
100.00 |
02/04/2018 |
|
CHINA |
ORACLE (CHINA) SOFTWARE SYSTEMS COMPANY LIMITED |
- |
100.00 |
31/05/2017 |
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
PAUL DOYLE |
|
Address |
: |
EASTPOINT BUSINESS PARK, ALFIE BYRNE ROAD, BLOCK C, DUBLIN,
DUBLIN 3, IRELAND. |
|
IC / PP No |
: |
PI9324038 |
|
Nationality |
: |
IRISH |
|
Date of Appointment |
: |
15/09/2011 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
198801539M |
ORACLE CORPORATION SINGAPORE PTE LTD |
Director |
15/09/2011 |
0.00 |
- |
SGD(2,141,094.00) |
2017 |
- |
02/04/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
KAU YONG MENG |
|
Address |
: |
9A, LANTANA AVENUE, LUCKY PARK, 277908, SINGAPORE. |
|
IC / PP No |
: |
S1658429J |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
15/09/2011 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
198801539M |
ORACLE CORPORATION SINGAPORE PTE LTD |
Secretary Director |
05/09/2016 15/09/2011 |
0.00 |
- |
SGD(2,141,094.00) |
2017 |
- |
02/04/2018 |
MANAGEMENT |
|
1) |
Name of Subject |
: |
PAUL DOYLE |
|
Position |
: |
DIRECTOR |
|
|
|
AUDITOR |
|
Auditor |
: |
ERNST & YOUNG LLP |
|
Auditor' Address |
: |
N/A |
|
|
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
KAU YONG MENG |
|
IC / PP No |
: |
S1658429J |
|
|
Address |
: |
9A, LANTANA AVENUE, LUCKY PARK, 277908, SINGAPORE. |
|
|
2) |
Company Secretary |
: |
SANDRA SEAH GEK HUANG |
|
IC / PP No |
: |
S7136473I |
|
|
Address |
: |
143, SERANGOON AVENUE 3, 06-08, THE SPRINGBLOOM, 556121, SINGAPORE. |
|
|
|
BANKING |
No Banker found in our databank.
ENCUMBRANCE (S) |
No encumbrance was found in our databank at the time of investigation.
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT |
* A check has been conducted in our databank against the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
PAYMENT RECORD |
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
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 |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS |
|
Services |
: |
SOFTWARE DEVELOPMENTS AND IT RELATED SERVICES |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
2017 |
|||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
1200 |
1200 |
|||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) software developments
and it related services.
The Subject develops software for e-business.
The Subject offers an Internet-ready platform, tools, and applications, along
with consulting, education, and support services. Oracle Corporation Singapore
serves small to medium enterprises.
The Subject continues to build momentum as leading local businesses -- from
large corporations to
small-and-medium enterprises -- seek to harness the power of the Internet and
select Oracle's leading edge platform
technologies and E-Business Suite to meet their needs.
CURRENT INVESTIGATION |
Latest fresh investigations carried out on the Subject indicated
that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-64361000 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
FUSIONOPOLIS PLACE SINGAPORE |
|
Current Address |
: |
1 FUSIONOPOLIS PLACE LEVEL 12 GALAXIS, 138522, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
The address provided is incomplete.
FINANCIAL ANALYSIS |
|
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2009 - 2017 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2009 - 2017 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(0.90%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
3.16% |
] |
|
|
The fluctuating turnover reflects the fierce competition among
the existing and new market players.The higher profit could be attributed to
the increase in turnover. The Subject's unfavourable returns on shareholders'
funds indicate the management's inefficiency in utilising its assets to
generate returns. |
||||||
|
Working Capital Control |
||||||
|
Debtor Ratio |
: |
Favourable |
[ |
44 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
6 Days |
] |
|
|
The favourable debtors' days could be due to the good credit
control measures implemented by the Subject. The Subject had a favourable
creditors' ratio where the Subject could be taking advantage of the cash
discounts and also wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Unfavourable |
[ |
0.80 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.82 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 |
: |
Unfavourable |
[ |
2.52 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was low. If its profits fall or
when interest rate rises, it may not be able to meet all its interest
payment. The Subject had no gearing and hence it had virtually no financial
risk. The Subject was financed by its shareholders' funds and internally generated
fund. During the economic downturn, the Subject, having a zero gearing, will
be able to compete better than those which are highly geared in the same
industry. |
||||||
|
Overall Assessment : |
||||||
|
Although the turnover was erratic, the Subject had maintained a
steady growth in its profit. This indicate the management's efficiency in
controlling its costs and profitability. 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. If there is a fall in the Subject's profit or any increase
in interest rate, the Subject may not be able to generate sufficient
cash-flow to service its interest. The Subject was a zero gearing company, it
was solely dependant on its shareholders to provide funds to finance its
business. The Subject has good chance of getting loans, if the needs arises. |
||||||
|
Overall financial condition of the Subject : LIMITED |
||||||
|
|
||||||
SINGAPORE ECONOMIC / INDUSTRY OUTLOOK |
|
|
|
Major Economic Indicators : |
2013 |
2014 |
2015 |
2016 |
2017* |
|
|
|||||
|
Population (Million) |
5.40 |
5.47 |
5.54 |
5.61 |
5.61 |
|
Gross Domestic Products ( % ) |
5.1 |
3.9 |
2.2 |
2.4 |
3.6 |
|
Consumer Price Index |
2.4 |
1.0 |
(0.5) |
(0.5) |
0.6 |
|
Total Imports (Million) |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
403,300.0 |
|
Total Exports (Million) |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
466,900.0 |
|
|
|||||
|
Unemployment Rate (%) |
1.9 |
1.9 |
1.9 |
2.1 |
- |
|
Tourist Arrival (Million) |
15.46 |
15.01 |
15.23 |
16.28 |
- |
|
Hotel Occupancy Rate (%) |
86.3 |
85.5 |
84.0 |
83.1 |
84.7 |
|
Cellular Phone Subscriber (Million) |
1.97 |
1.98 |
1.99 |
- |
- |
|
|
|||||
|
Registration of New Companies (No.) |
37,288 |
41,589 |
34,243 |
35,227 |
37,395 |
|
Registration of New Companies (%) |
9.8 |
11.5 |
(17.7) |
2.9 |
6.2 |
|
Liquidation of Companies (No.) |
17,369 |
18,767 |
21,384 |
23,218 |
22,379 |
|
Liquidation of Companies (%) |
(5.3) |
8.0 |
13.9 |
8.6 |
(3.6) |
|
|
|||||
|
Registration of New Businesses (No.) |
22,893 |
35,773 |
28,480 |
27,120 |
22,148 |
|
Registration of New Businesses (%) |
1.70 |
56.30 |
(20.39) |
(4.78) |
(18.33) |
|
Liquidation of Businesses (No.) |
22,598 |
22,098 |
26,116 |
35,866 |
24,344 |
|
Liquidation of Businesses (%) |
0.5 |
(2.2) |
18.2 |
37.3 |
(32.1) |
|
|
|||||
|
Bankruptcy Orders (No.) |
1,992 |
1,757 |
1,776 |
1,797 |
1,638 |
|
Bankruptcy Orders (%) |
14.0 |
(11.8) |
1.0 |
1.2 |
(8.9) |
|
Bankruptcy Discharges (No.) |
2,584 |
3,546 |
3,499 |
4,359 |
2,030 |
|
Bankruptcy Discharges (%) |
37.4 |
37.2 |
(1.3) |
24.6 |
(53.4) |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
1.78 |
4.29 |
3.04 |
- |
- |
|
Fish Supply & Wholesale |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
- |
|
|
|||||
|
Manufacturing # |
|||||
|
Food, Beverages & Tobacco |
97.9 |
99.4 |
100.0 |
103.7 |
110.3 |
|
Textiles |
119.5 |
102.7 |
100.0 |
92.4 |
84.4 |
|
Wearing Apparel |
334.1 |
212.6 |
100.0 |
83.4 |
88.2 |
|
Leather Products & Footwear |
122.0 |
106.5 |
100.0 |
88.8 |
79.0 |
|
Wood & Wood Products |
103.0 |
107.2 |
100.0 |
95.0 |
92.9 |
|
Paper & Paper Products |
104.4 |
104.5 |
100.0 |
97.3 |
96.1 |
|
Printing & Media |
113.8 |
105.968 |
100.0 |
85.1 |
73.1 |
|
Crude Oil Refineries |
100.7 |
92.2 |
100.0 |
104.2 |
113.5 |
|
Chemical & Chemical Products |
88.4 |
96.7 |
100.0 |
98.9 |
105.3 |
|
Pharmaceutical Products |
101.421 |
109.4 |
100.0 |
113.8 |
96.0 |
|
Rubber & Plastic Products |
109.497 |
109.2 |
100.0 |
91.4 |
93.7 |
|
Non-metallic Mineral |
107.4 |
90.759 |
100.0 |
89.8 |
72.9 |
|
Basic Metals |
77.2 |
99.3 |
100.0 |
106.2 |
108.3 |
|
Fabricated Metal Products |
107.5 |
107.757 |
100.0 |
93.8 |
91.3 |
|
Machinery & Equipment |
109.1 |
118.2 |
100.0 |
80.8 |
86.1 |
|
Electrical Machinery |
87.4 |
97.871 |
100.0 |
101.5 |
111.7 |
|
Electronic Components |
105.0 |
105.6 |
100.0 |
114.1 |
151.4 |
|
Transport Equipment |
111.1 |
106.68 |
100.0 |
101.0 |
99.5 |
|
|
|||||
|
Construction |
25.40 |
22.00 |
- |
- |
- |
|
Real Estate |
88.5 |
145.1 |
- |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
6.70 |
6.50 |
- |
- |
- |
|
Transport, Storage & Communication |
9.80 |
14.20 |
- |
- |
- |
|
Finance & Insurance |
3.30 |
6.00 |
- |
7.40 |
- |
|
Government Services |
6.50 |
6.30 |
- |
- |
- |
|
Education Services |
3.10 |
5.98 |
- |
2.40 |
- |
|
|
|||||
|
* Estimate / Preliminary |
|||||
|
# Based on Index of Industrial Production (2015 = 100) |
INDUSTRY ANALYSIS |
|
INDUSTRY : |
INFORMATION TECHNOLOGY |
|
Singapore is one the most wired
country in the world connected by a network of fiber optics. The 2016 World
Economic Forum Global Information Technology Report ranked Singapore as the
most network-ready country in the world to leverage Information and
Communication Technologies (ICT) for increased competitiveness and
well-being. |
|
|
Supported growth in the IT
& information services segment, the information & communications
sector expanded to 6.0% in the fourth quarter of 2017, accelerating from the
5.1% growth in the previous quarter. For the whole of 2017, the sector posted
growth of 3.3%, easing from the 3.6% increase in 2016. |
|
|
According to Infocomm Media
Development Authority (IMDA), computer usage amongst all businesses in
Singapore is 90% and broadband adoption rate increased to 95% for those
companies with 10 or more employees. More than 97% of Singapore homes have
broadband access and households showed trends of switching to using
Internet-enabled mobile phones and other Internet-enabled devices such as
Smart TVs to access the Internet. |
|
|
Singapore has developed a
10-year Infocomm and Media 2025 Master Plan that charts the directions the
country will take to stay at the forefront of innovation and achieve its
vision of becoming a Smart Nation. To unify and speed up the roll out of its
smart nation initiatives, the Singapore government has made a series of
organizational restructurings, and formed the Smart Nation and Digital
Government Group (SNDGG) under the Prime Minister’s Office on May 1, 2017. It
is an executive agency comprising staff from the Digital Government
Directorate of the Ministry of Finance (MOF), the Government Technology
Policy Department in the Ministry of Communications and Information (MCI),
and the Smart Nation Program Office (SNPO) and the Government Technology
Agency (GovTech). |
|
|
According to the 2016 Top
Markets Report Health IT Country Case Study by USDOC ITA, Singapore was
ranked the 5th market for Health IT exports. Singapore continues to be a
solid Health IT market, particularly among Asian countries. The city-state
recently announced plans to expand its National Electronic Health Record
system, first developed in 2010 and in existence since 2011. It is expected
to procure an estimated US$200 million in ICT projects in the healthcare
sector in FY 2017. Over the next five years, the Ministry of Health (MOH)
expects to increase its procurement of IT services and technologies by at
least 25%. The Integrated Health Information Systems (IHiS), the technology
arm for MOH plans to invest in co-creating disease prevention and management
programs, home diagnostic toolsets, and assistive robots. |
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|
According to Business Monitor
International (BMI), Singapore is an advanced and high-value enterprise
market where software and services spending are expected to drive continued
growth in total IT spending over the medium term. Singapore also benefits
from its regional hub status. BMI forecasts 2017 sales of computer hardware
in Singapore to amount to US$1.45 billion and software to reach US$2.14
billion. |
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Besides, the Singapore
government announced that it will be spending more than US$1.7 billion on ICT
tenders in addition to the US$200 million on ICT projects in the healthcare
sector. U.S. companies interested in doing business with the Singapore
government should register with GeBIZ, the Singapore government's one-stop
e-procurement portal where public sector invitations for quotations and
tenders are posted. |
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Singapore is expected to have a
sharp increase in its over-60 population over the next 15 years. Besides high
expected growth in the over-60 population, Singapore’s compact geography,
highly urbanized society, high per-capita income and widespread use of mobile
phones and Internet are other factors that support strong Health IT usage. |
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OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
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CREDIT RISK EVALUATION & RECOMMENDATION |
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PROFIT AND LOSS ACCOUNT |
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH
SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
ORACLE CORPORATION SINGAPORE PTE LTD |
|
Financial Year End |
2017-05-31 |
2016-05-31 |
2015-05-31 |
|
Months |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
|
Currency |
SGD |
SGD |
SGD |
|
TURNOVER |
623,055,866 |
651,185,967 |
543,314,989 |
|
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
623,055,866 |
651,185,967 |
543,314,989 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
4,508,471 |
1,200,145 |
6,732,536 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
4,508,471 |
1,200,145 |
6,732,536 |
|
Taxation |
(6,649,565) |
(10,724,231) |
(8,967,708) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(2,141,094) |
(9,524,086) |
(2,235,172) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As previously reported |
211,523,392 |
239,425,458 |
240,013,812 |
|
Prior year adjustment |
- |
(18,377,980) |
1,646,818 |
|
---------------- |
---------------- |
---------------- |
|
|
As restated |
211,523,392 |
221,047,478 |
241,660,630 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
209,382,298 |
211,523,392 |
239,425,458 |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
209,382,298 |
211,523,392 |
239,425,458 |
|
============= |
============= |
============= |
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INTEREST EXPENSE (as per notes to P&L) |
|||
|
Others |
2,974,132 |
2,644,679 |
394,968 |
|
---------------- |
---------------- |
---------------- |
|
|
2,974,132 |
2,644,679 |
394,968 |
|
|
============= |
============= |
============= |
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DEPRECIATION (as per notes to P&L) |
8,386,040 |
6,950,978 |
4,780,224 |
|
AMORTIZATION |
789,127 |
1,504,136 |
1,504,136 |
|
---------------- |
---------------- |
---------------- |
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Total Amortization And Depreciation |
9,175,167 |
8,455,114 |
6,284,360 |
|
============= |
============= |
============= |
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BALANCE SHEET |
|
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ORACLE CORPORATION SINGAPORE PTE LTD |
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ASSETS EMPLOYED: |
|||
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FIXED ASSETS |
21,237,771 |
23,631,912 |
18,963,675 |
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LONG TERM INVESTMENTS/OTHER ASSETS |
|||
|
Subsidiary companies |
1,622,450 |
1,622,450 |
1,622,450 |
|
Investments |
313,070 |
313,070 |
313,070 |
|
Investment securities |
114,989,171 |
114,989,171 |
114,989,171 |
|
Deferred assets |
803,663 |
- |
- |
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
117,728,354 |
116,924,691 |
116,924,691 |
|
INTANGIBLE ASSETS |
|||
|
Own goodwill |
213,426,511 |
211,658,057 |
213,162,193 |
|
Others |
49,210,801 |
46,952,619 |
46,829,379 |
|
---------------- |
---------------- |
---------------- |
|
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TOTAL INTANGIBLE ASSETS |
262,637,312 |
258,610,676 |
259,991,572 |
|
---------------- |
---------------- |
---------------- |
|
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TOTAL LONG TERM ASSETS |
401,603,437 |
399,167,279 |
395,879,938 |
|
CURRENT ASSETS |
|||
|
Stocks |
6,383,509 |
10,376,895 |
9,348,268 |
|
Trade debtors |
74,989,392 |
83,413,920 |
76,772,383 |
|
Other debtors, deposits & prepayments |
5,451,544 |
5,596,448 |
7,951,341 |
|
Cash & bank balances |
120,330,901 |
118,177,795 |
91,914,321 |
|
Others |
915,668 |
1,638,698 |
3,691,558 |
|
---------------- |
---------------- |
---------------- |
|
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TOTAL CURRENT ASSETS |
208,071,014 |
219,203,756 |
189,677,871 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
609,674,451 |
618,371,035 |
585,557,809 |
|
============= |
============= |
============= |
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CURRENT LIABILITIES |
|||
|
Trade creditors |
9,693,807 |
9,673,548 |
13,246,569 |
|
Other creditors & accruals |
26,546,210 |
29,120,382 |
22,545,852 |
|
Other liabilities & accruals |
153,862,531 |
123,370,649 |
114,186,627 |
|
Amounts owing to related companies |
58,837,514 |
96,408,836 |
70,660,015 |
|
Provision for taxation |
3,469,851 |
5,099,529 |
4,201,220 |
|
---------------- |
---------------- |
---------------- |
|
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TOTAL CURRENT LIABILITIES |
252,409,913 |
263,672,944 |
224,840,283 |
|
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
(44,338,899) |
(44,469,188) |
(35,162,412) |
|
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||
|
Deferred taxation |
- |
313,719 |
155,921 |
|
Others |
120,641,795 |
118,815,601 |
116,913,397 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
120,641,795 |
119,129,320 |
117,069,318 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
236,622,743 |
235,568,771 |
243,648,208 |
|
============= |
============= |
============= |
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FINANCED BY: |
|||
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SHARE CAPITAL |
|||
|
Ordinary share capital |
4,222,750 |
4,222,750 |
4,222,750 |
|
---------------- |
---------------- |
---------------- |
|
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TOTAL SHARE CAPITAL |
4,222,750 |
4,222,750 |
4,222,750 |
|
RESERVES |
|||
|
Retained profit/(loss) carried forward |
209,382,298 |
211,523,392 |
239,425,458 |
|
Others |
23,017,695 |
19,822,629 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
232,399,993 |
231,346,021 |
239,425,458 |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
236,622,743 |
235,568,771 |
243,648,208 |
|
============= |
============= |
============= |
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FINANCIAL RATIO |
|
|
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ORACLE CORPORATION SINGAPORE PTE LTD |
|
TYPES OF FUNDS |
|||
|
Cash |
120,330,901 |
118,177,795 |
91,914,321 |
|
Net Liquid Funds |
120,330,901 |
118,177,795 |
91,914,321 |
|
Net Liquid Assets |
(50,722,408) |
(54,846,083) |
(44,510,680) |
|
Net Current Assets/(Liabilities) |
(44,338,899) |
(44,469,188) |
(35,162,412) |
|
Net Tangible Assets |
(26,014,569) |
(23,041,905) |
(16,343,364) |
|
Net Monetary Assets |
(171,364,203) |
(173,975,403) |
(161,579,998) |
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PROFIT & LOSS ITEMS |
|||
|
Earnings Before Interest & Tax (EBIT) |
7,482,603 |
3,844,824 |
7,127,504 |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
16,657,770 |
12,299,938 |
13,411,864 |
|
BALANCE SHEET ITEMS |
|||
|
Total Borrowings |
0 |
0 |
0 |
|
Total Liabilities |
373,051,708 |
382,802,264 |
341,909,601 |
|
Total Assets |
609,674,451 |
618,371,035 |
585,557,809 |
|
Net Assets |
236,622,743 |
235,568,771 |
243,648,208 |
|
Net Assets Backing |
236,622,743 |
235,568,771 |
243,648,208 |
|
Shareholders' Funds |
236,622,743 |
235,568,771 |
243,648,208 |
|
Total Share Capital |
4,222,750 |
4,222,750 |
4,222,750 |
|
Total Reserves |
232,399,993 |
231,346,021 |
239,425,458 |
|
GROWTH RATIOS (Year on Year) (%) |
|||
|
Revenue |
(4.32) |
19.85 |
69.84 |
|
Proft/(Loss) Before Tax |
275.66 |
(82.17) |
(94.69) |
|
Proft/(Loss) After Tax |
77.52 |
(326.10) |
(102.17) |
|
Total Assets |
(1.41) |
5.60 |
(39.11) |
|
Total Liabilities |
(2.55) |
11.96 |
(34.27) |
|
LIQUIDITY (Times) |
|||
|
Cash Ratio |
0.48 |
0.45 |
0.41 |
|
Liquid Ratio |
0.80 |
0.79 |
0.80 |
|
Current Ratio |
0.82 |
0.83 |
0.84 |
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WORKING CAPITAL CONTROL (Days) |
|||
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Stock Ratio |
4 |
6 |
6 |
|
Debtors Ratio |
44 |
47 |
52 |
|
Creditors Ratio |
6 |
5 |
9 |
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SOLVENCY RATIOS (Times) |
|||
|
Gearing Ratio |
0 |
0 |
0 |
|
Liabilities Ratio |
1.58 |
1.63 |
1.40 |
|
Times Interest Earned Ratio |
2.52 |
1.45 |
18.05 |
|
Assets Backing Ratio |
(6.16) |
(5.46) |
(3.87) |
|
PERFORMANCE RATIO (%) |
|||
|
Operating Profit Margin |
0.72 |
0.18 |
1.24 |
|
Net Profit Margin |
(0.34) |
(1.46) |
(0.41) |
|
Return On Net Assets |
3.16 |
1.63 |
2.93 |
|
Return On Capital Employed |
1.21 |
0.63 |
1.15 |
|
Return On Shareholders' Funds/Equity |
(0.90) |
(4.04) |
(0.92) |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
0 |
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NOTES TO ACCOUNTS |
|||
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Contingent Liabilities |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
SGD |
1 |
INR 49.69 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.