MIRA INFORM REPORT
|
Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
APEIRON AGROCOMMODITIES PTE. LTD. |
|
|
|
|
Registered Office : |
8 Eu Tong Sen Street #21-87 The Central Singapore 059818 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
14.08.2007 |
|
|
|
|
Com. Reg. No.: |
200714891H |
|
|
|
|
Legal Form : |
Limited Exempt Private Company |
|
|
|
|
Line of Business : |
Trading of Bioenergy products |
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 : |
USD 50,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Singapore |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact Points
Notes: Subject’s exact name and address are as
above.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
Notes: Subject did not introduce its staff number;
from other source we can not obtain the relevant information, either.
History
Subject was incorporated on
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Ng Sheng Ce |
40,000 |
40% |
|
Chen Ruhuang |
60,000 |
60% |
|
Total |
100,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
NG Sheng Ce |
|
ID Number: |
821130-71-5097 |
|
Address: |
No. 36 Jalan
Ronggeng, 19 Taman Skudai Baru 81300 Skudai Johor |
|
Nationality: |
Malaysian |
|
2 |
|
|
Name: |
Chen Ruhuang |
|
ID Number: |
S8139645J |
|
Address: |
28 Jalan Tarum
Sembawang Hills Estate Singapore 576747 |
|
Nationality: |
Singapore Citizen |
Subsidiaries &
Branches
Major Related
Offices
|
1 |
|
|
Address: |
Rua Draúsio, 193
Sala 3 São Paulo, SP Brazil |
|
Contact Person: |
Bianca Tomita |
|
Tel: |
+55-11-3032-7059 |
|
Fax: |
+55-11-3815-6267 |
|
2 |
|
|
Address: |
12/14 Vaju Kotak
Road, Ballard Estate Mumbai 400001, India |
|
Contact Person: |
Safdar
Bandukwala |
|
Tel: |
+91-22-22632313 |
|
Fax: |
+91-22-23517555 |
|
3 |
|
|
Address: |
Komplek Ruko
Mutiara Taman Palem Blok C2 No.2 Jalan Kamal Raya Outer Ring Road, Cengkareng
Jakarta Barat 11730 |
|
Contact Person: |
Richard Huang |
|
Tel: |
+6281-380-478778 |
|
Fax: |
+62-215-4353092 |
Manage
Information
Core Management
Detailed
Information of Management:
|
1 |
|
|
Name: |
NG Sheng Ce |
|
Position: |
Director |
|
ID Number: |
821130-71-5097 |
|
Address: |
No. 36 Jalan
Ronggeng, 19 Taman Skudai Baru |
|
Nationality: |
Malaysian |
|
Date of
Appointment: |
|
|
2 |
|
|
Name: |
Lam Sun Yong
(Lan Shanyong) |
|
Position: |
Secretary |
|
ID Number: |
S7228911J |
|
Address: |
8 Lorong 7 Toa
Payoh #07-295 Singapore 310008 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
|
3 |
|
|
Name: |
Chen Ruhuang |
|
Position: |
Director |
|
ID Number: |
S8139645J |
|
Address: |
28 Jalan Tarum
Sembawang Hills Estate Singapore 576747 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
|
4 |
|
|
Name: |
Chen Ruhuang |
|
Position: |
Secretary |
|
ID Number: |
S8139645J |
|
Address: |
28 Jalan Tarum
Sembawang Hills Estate Singapore 576747 |
|
Nationality: |
Singapore
Citizen |
|
Date of
Appointment: |
|
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
Office 2 @ The Central, #21-87 8 Eu Tong Sen
Street Singapore 059818 |
Production
Information
l
Subject is a trader of bioenergy products without
any production activities
Purchase
Information
l
Subject purchases at home and neighboring countries
such as Malaysia and Indonesia, etc
Sales
Information
l
Subject is engaged in sales of bioenergy products.
l
Subject also supplies shipping and logistics
service for customers.
l
Subject’s products are both sold in domestic and
overseas market, and it is introduced that subject has export business with
China.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
|
Bioenergy
products |
COD, CBD, etc |
100% |
Overseas Markets
|
Products |
Payment Terms |
Proportion |
|
CBD, etc |
100% |
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Bioenergy products
|
COD, CBD, etc |
100% |
Overseas Markets
|
Product |
Sales Terms |
Proportion |
|
Bioenergy
products |
CBD, etc |
100% |
Balance
Sheet
Unit: USD
|
|
|
|
Total Assets |
837,426.00 |
|
Total Current Assets |
837,426.00 |
|
Total Non-Current Assets f.k.a. [Fixed And Others] |
0.00 |
|
Total Liabilities |
691,304.00 |
|
Total Current Liabilities |
691,304.00 |
|
Total Non-Current Liabilities |
0.00 |
|
Total Equity f.k.a [Shareholder's Funds] |
146,122.00 |
|
Paid-Up Capital |
N.A. |
|
Share Capital |
100,000.00 |
|
Other Reserves, Total f.k.a. [Reserves] |
0.00 |
|
Retained Earnings/(Accumulated Loss) |
46,122.00 |
Profit/Loss
Account
Unit: USD
|
|
2009 |
|
Revenue f.k.a [Sales Turnover And Other Operating Revenues] |
4,996,718.00 |
|
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax] |
156,172.00 |
|
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax] |
149,036.00 |
|
Net Income/(Loss) From Extraordinary And Non-Operating
Items |
N.A. |
|
Profit/(Loss) After Tax and Extraordinary Items |
N.A. |
Financial
Ratio
|
|
2009 |
|
Earning Capacity |
|
|
Rate of Net Profit on Sales (%) |
2.98 |
|
Return of Investment (%) |
17.80 |
|
Return of Shareholder's Funds (%) |
101.99 |
|
Total Assets Turnover (%) |
5.97 |
|
Financial Stability |
|
|
Current/Working Capital Ratio (%) |
1.21 |
|
Proprietary Ratio (%) |
17.45 |
|
Total Debt to Equity Ratio (%) |
82.55 |
Bankers
Subject did not introduce its bank details, from other source we can not
obtain the relevant information, either.
Auditors
|
Name: |
RSM CHIO LIM LLP |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
UK Pound |
1 |
Rs.74.18 |
|
Euro |
1 |
Rs.64.88 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.