MIRA INFORM REPORT

 

 

Report Date :

31.01.2011

 

IDENTIFICATION DETAILS

 

Name :

YOG TRADING PTE. LTD.

 

 

Registered Office :

111 North Bridge Road #16-04 Peninsula Plaza Singapore 179098

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

28.10.2005

 

 

Com. Reg. No.:

200515129N

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

S$ 27,000

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

Exists

 

 

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 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Singapore

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Executive Summary

 

Company Name

:

YOG TRADING PTE. LTD.

Registration No

:

200515129N

Date of Registration

:

28/10/2005

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

111 NORTH BRIDGE ROAD #16-04 PENINSULA PLAZA SINGAPORE 179098

Date of Change of Address

:

10/08/2007

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

IMPORT/EXPORT & TRADING CHEMICALS & PLASTIC RAW MATERIALS

Issued Ordinary Capital*

:

$185,612.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 185,612

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$185,612.00 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

:

PARKER RANDALL

Bankers / Financiers

:

NA

Turnover

:

SINGAPORE, DOLLARS 5,836,052.00 (FY2009)

Net Worth

:

SINGAPORE, DOLLARS 546,858.00 (FY2009)

No. of Bank Charges

:

NA

No. of Litigation Suits

:

1

S1000 / SME 500 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 500

Compounded Annual Growth Rate (CAGR)

:

71.99% (3 years)

 

 

Credit Recommendation

 

Recommended Credit Line

:

S$27,000

 

 

SHAREHOLDER DETAILS

 

NAME

:

YOG INTERNATIONAL PRIVATE LIMITED

SHAREHOLDER ID

:

T05UF2523G

NATIONALITY

:

INDIA

ADDRESS

:

123/1F ANPURNA BHAWAN KALPI ROAD FAZALGANJ KANPUR UTTAR PRADESH 208012 INDIA

NO. OF ORD SHARES

:

185,608

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

AMAR NATH GUPTA

SHAREHOLDER ID

:

F4444908

NATIONALITY

:

INDIAN

ADDRESS

:

123/1-F, KALPI ROAD, KANPUR UTTAR PRADESH, INDIA

NO. OF ORD SHARES

:

1

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

AMIT AGARWAL

SHAREHOLDER ID

:

G6717589

NATIONALITY

:

INDIAN

ADDRESS

:

A-3 DELHI RAJDHANI SOCIETY, IP EXT 80, PATPARGANJ, DELHI, INDIA

NO. OF ORD SHARES

:

1

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

AVINASH KHANDELWAL

SHAREHOLDER ID

:

S2745300G

NATIONALITY

:

SINGAPORE CITIZEN

ADDRESS

:

3 SIMEI STREET 4 #03-02 SIMEI GREEN CONDOMINIUM SINGAPORE 529862

NO. OF ORD SHARES

:

1

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

AMIT BANSAL

SHAREHOLDER ID

:

Z1899329

NATIONALITY

:

INDIAN

ADDRESS

:

FLAT NO.202,SAI SIDDHI CHS, PLOT NO.220,11TH RD CHEMBUR, MUMBAI-400071. MS. INDIA

NO. OF ORD SHARES

:

1

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

AMAR NATH GUPTA

ADDRESS

:

123/1-F, KALPI ROAD, KANPUR UTTAR PRADESH, INDIA

POSITION

:

DIRECTOR

DATE OF APPT

:

28/10/2005

NATIONALITY

:

INDIAN

I/C PASSPORT

:

F4444908

 

NAME

:

AMIT AGARWAL

ADDRESS

:

A-3 DELHI RAJDHANI SOCIETY, IP EXT 80, PATPARGANJ, DELHI, INDIA

POSITION

:

DIRECTOR

DATE OF APPT

:

28/10/2005

NATIONALITY

:

INDIAN

I/C PASSPORT

:

G6717589

 

NAME

:

AVINASH KHANDELWAL

ADDRESS

:

3 SIMEI STREET 4 #03-02 SIMEI GREEN CONDOMINIUM SINGAPORE 529862

POSITION

:

DIRECTOR

DATE OF APPT

:

28/10/2005

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2745300G

 

NAME

:

RAJSHREE KHANDELWAL

ADDRESS

:

3 SIMEI STREET 4 #03-02 SIMEI GREEN CONDOMINIUM SINGAPORE 529862

POSITION

:

SECRETARY

DATE OF APPT

:

05/11/2007

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2745301E

 

NAME

:

AMIT BANSAL

ADDRESS

:

FLAT NO.202,SAI SIDDHI CHS, PLOT NO.220,11TH RD CHEMBUR, MUMBAI-400071. MS. INDIA

POSITION

:

DIRECTOR

DATE OF APPT

:

28/10/2005

NATIONALITY

:

INDIAN

I/C PASSPORT

:

Z1899329

 

 

 

KEY PERSONNEL PROFILE

 

Name:

AMAR NATH GUPTA

NRIC Number:

F4444908

Available Address:

123/1-F, KALPI ROAD, KANPUR UTTAR PRADESH, INDIA

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

YOG TRADING PTE. LTD.

DIRECTOR

28/10/2005

1

0.00

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

No Trace

 

 

 

 

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

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

 

The following litigation suits were traced against Subject. Case status is as per available. For the latest status of the suit, please obtain the full details of the suit through Litigation Detail Search (DLIT) offered.

 

To date, there have been 1 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2011

Past Years

W.e.f 01 Jan 2011

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

1

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

0

0

High (>$250,000)

0

0

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Magistrate Court

 

Case No.

:

28744

 

Date of Filing

:

17/09/2009

 

Amount

:

2,022.88

 

Cause

:

Contract - Provisions of Services Excluding Renovation

 

Case Status

:

CONCLUDED

 

Plaintiff

:

CARGOHUB GROUPAGE SERVICES PTE LTD

 

Last Update Date

:

10/06/2010

 

 

COMPLIANCE RECORDS

 

Date of Last AGM

:

30/07/2010

Date of Last AR

:

22/11/2010

Date of A/C Laid At Last AGM

:

31/12/2009

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2009

% Change

DEC 2008

DEC 2007

DEC 2006

Currency

SINGAPORE, DOLLARS

 

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

Turnover

5,836,052

-2.23

5,969,406

2,512,888

1,147,159

Profit/(Loss) Before Tax

162,552

41.95

114,512

80,990

14,816

Profit After Tax attributable to Shareholders

145,771

45.22

100,376

73,426

13,751

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

Total Assets

1,530,664

-14.96

1,799,932

885,897

166,872

Current Assets

1,013,556

-21.56

1,292,150

375,689

166,872

Non Current Assets

517,108

1.84

507,782

510,208

0

 

 

 

 

 

 

Total Liabilities

983,806

-31.05

1,426,767

613,108

77,476

Current Liabilities

677,837

-34.33

1,032,196

219,008

77,476

Non Current Liabilities

305,969

-22.46

394,571

394,100

0

 

 

 

 

 

 

Shareholders' Funds

546,858

46.55

373,165

272,789

89,396

Share Capital

185,612

0.00

185,612

185,612

40,770

Total Reserves

361,246

92.61

187,553

87,177

48,626

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2009

DEC 2008

DEC 2007

DEC 2006

Growth %

 

 

 

 

Year-on-Year Growth

-2.23

137.55

119.05

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

2.50

1.68

2.92

1.20

Return on Equity (%)

26.66

26.90

26.92

15.38

Return on Assets (%)

9.52

5.58

8.29

8.24

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

1.80

3.82

2.25

0.87

Current Debt/Equity (Times)

1.24

2.77

0.80

0.87

Long Term Debt To Equity (Times)

0.56

1.06

1.44

0.00

Total Asset To Total Equity (Times)

2.80

4.82

3.25

1.87

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

3.81

3.32

2.84

6.87

Fixed Assets Turnover (Times)

11.29

11.76

4.93

0.00

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

1.50

1.25

1.72

2.15

 

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 71.99% (3 years).

 

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

 

 

Profitability

The company yielded a rate of net profit on sales of 2.50 per cent in FY09 (FY08: 1.68 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.03 of profit for every SINGAPORE, DOLLARS of sales in FY09, as compared with SINGAPORE, DOLLARS 0.02 a year ago.

 

 

Liquidity

 

Current ratio stood at 1.50 times in FY09 (FY08: 1.25 times). This means that the company has SINGAPORE, DOLLARS 1.50 of current assets for every SINGAPORE, DOLLARS 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 1.80 times in FY09, as compared with 3.82 times in FY08. This means that the company requires additional external financing of SINGAPORE, DOLLARS 1.80 for every SINGAPORE, DOLLARS 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 26.66 per cent for Subject in the current financial period, as compared to 26.90 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 9.52 per cent (FY08: 5.58 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 3.81 times in FY09 (FY08: 3.32 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.45.74

UK Pound

1

Rs.72.73

Euro

1

Rs.62.73

 

 

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

 

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%)

 

 

 

 

 

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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.