MIRA
INFORM REPORT
|
Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
NOVUS INTERNATIONAL PTE. LTD. |
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|
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Registered Office : |
51 Goldhill Plaza #11-08 Singapore 308900 |
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Country : |
Singapore |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
04.07.1991 |
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Com. Reg. No.: |
199103266G |
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Legal Form : |
Limited Private Company |
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Line of Business : |
Wholesale of Animal Feed Supplements and Related Products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
S$1,000,000 |
|
Status : |
Satisfactory |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Executive
Summary
Credit Rating &
Recommendation
|
Recommended Credit Line |
: |
S$1,000,000 |
SHAREHOLDER DETAILS
|
: |
NOVUS INTERNATIONAL, INC |
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|
SHAREHOLDER ID |
: |
T03UF3094J |
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NATIONALITY |
: |
UNITED STATES |
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ADDRESS |
: |
20 RESEARCH PARK DRIVE, ST. CHARLES MO 63304, USA |
|
NO. OF ORD SHARES |
: |
100,000 |
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% OF SHAREHOLDING |
: |
100% |
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CURRENCY |
: |
SINGAPORE, DOLLARS |
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OFFICER DETAILS
|
: |
THAD W SIMONS |
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ADDRESS |
: |
13952 MEURSAULT
LANE CHESTERFIELD, MO 63107 USA |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
01/05/1996 |
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NATIONALITY |
: |
AMERICAN |
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I/C PASSPORT |
: |
209231424 |
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||
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NAME |
: |
JOHN CECIL WADE |
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ADDRESS |
: |
17794
WESTHAMPTON WOODS, CHESTERFIELD MISSOURI 63005, USA |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
22/09/2011 |
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NATIONALITY |
: |
AMERICAN |
|
I/C PASSPORT |
: |
209267552 |
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|
||
|
NAME |
: |
ALICE VIRGINIA
STERKEL |
|
ADDRESS |
: |
330 MARSHALL
AVENUE, ST LOUIS MISSOURI 63119 USA |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
01/06/2001 |
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NATIONALITY |
: |
AMERICAN |
|
I/C PASSPORT |
: |
217209866 |
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||
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NAME |
: |
DANIEL JOSEPH MEAGHER
SR |
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ADDRESS |
: |
17719 DRUMMER
LANE, CHESTERFIELD MISSOURI 63005 U.S.A. |
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POSITION |
: |
DIRECTOR |
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DATE OF APPT |
: |
12/11/2011 |
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NATIONALITY |
: |
AMERICAN |
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I/C PASSPORT |
: |
435315687 |
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||
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NAME |
: |
TIONG HIN WON,
ERIC |
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ADDRESS |
: |
28 LEONIE HILL
#07-30 LEONIE TOWERS SINGAPORE 239227 |
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POSITION |
: |
DIRECTOR |
|
DATE OF APPT |
: |
31/08/2001 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S0146842A |
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||
|
NAME |
: |
CHAN CHOW PHENG |
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ADDRESS |
: |
59 TELOK BLANGAH
HEIGHTS #04-11 SINGAPORE 100059 |
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POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
28/12/2010 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1298885J |
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||
|
NAME |
: |
CECILIA CHAN SOH
KWAN |
|
ADDRESS |
: |
1 JALAN BERJAYA THOMSON
RISE ESTATE SINGAPORE 578588 |
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POSITION |
: |
SECRETARY |
|
DATE OF APPT |
: |
22/09/2011 |
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NATIONALITY |
: |
SINGAPORE
CITIZEN |
|
I/C PASSPORT |
: |
S1531513Z |
OFFICER DETAILS
|
NAME |
: |
TEO CHIN KEE |
|
ADDRESS |
: |
21 ELIAS ROAD
#02-01 RIS GRANDEUR SINGAPORE 519929 |
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POSITION |
: |
SECRETARY |
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DATE OF APPT |
: |
01/10/2005 |
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NATIONALITY |
: |
SINGAPORE P.R. |
|
I/C PASSPORT |
: |
S2622115C |
KEY PERSONNEL PROFILE
|
THAD W SIMONS |
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|
NRIC Number: |
209231424 |
|
Available Address: |
13952 MEURSAULT LANE
CHESTERFIELD, MO 63107 USA |
Current Business Interest
|
No. |
Name |
Position |
Appt Date |
#of Share |
% |
|
NOVUS INTERNATIONAL PTE. LTD. |
DIRECTOR |
01/05/1996 |
- |
- |
Previous Business
|
No. |
Name |
Status |
Position |
Appt Date |
Last Known
Inactive Date |
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Bankruptcy Record
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Case No. |
Year |
Date of Filing |
Petitioner Name |
Amount |
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Litigation Search Writ of Summons
|
Court |
Case No. |
Year |
Date of Filing |
Amount |
Cause Category |
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SUBSIDIARIES AND ASSOCIATE
COMPANIES
|
Company |
Shareholdings (%) |
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BANKERS/
FINANCIERS
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Subject enjoys a normal banking routine
with its bankers. To date, there are no bank charges registered against
Subject by its bankers. |
LITIGATION
To date, there have been 1 litigation suits filed
against Subject.
The details are as follows:
|
Court |
: |
Supreme Court |
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|
Case No. |
: |
784 |
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Date of Filing |
: |
22/11/2006 |
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Amount |
: |
450,000.00 |
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Cause |
: |
Contract - Others |
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Case Status |
: |
CONCLUDED |
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Plaintiff |
: |
ZAGRO SINGAPORE
PTE LTD |
COMPLIANCE
|
Date of Last AGM |
: |
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|
Date of Last AR |
: |
14/10/2011 |
|
Date of A/C Laid At Last AGM |
: |
31/03/2011 |
FINANCIAL HIGHLIGHTS
|
Financial Figures |
||||||
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|
MAR 2011 |
% Change |
MAR 2010 |
MAR 2009 |
MAR 2008 |
MAR 2007 |
|
Currency |
SGD - SIN |
|
SGD - SIN |
SGD - SIN |
SGD - SIN |
SGD - SIN |
|
Profit and Loss Key Figures |
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|
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|
|
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|
112,565,016 |
12.08 |
100,433,499 |
86,384,664 |
70,059,343 |
51,752,872 |
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|
Profit/(Loss) Before Tax |
2,393,033 |
120.51 |
1,085,250 |
3,288,073 |
3,479,456 |
(321,202) |
|
Profit After Tax attributable to
Shareholders |
1,887,753 |
191.02 |
648,662 |
2,698,213 |
3,028,309 |
(362,612) |
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Balance Sheet Key Figures |
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Total Assets |
64,960,061 |
18.76 |
54,700,094 |
32,939,021 |
32,134,158 |
30,348,427 |
|
Current Assets |
61,389,887 |
18.07 |
51,992,559 |
32,415,541 |
32,051,895 |
30,285,567 |
|
Non Current Assets |
3,570,174 |
31.86 |
2,707,535 |
523,480 |
82,263 |
62,860 |
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Total Liabilities |
50,450,079 |
22.59 |
41,154,561 |
19,885,974 |
21,577,776 |
22,361,607 |
|
Current Liabilities |
50,237,155 |
22.37 |
41,053,389 |
19,885,974 |
21,577,776 |
22,361,607 |
|
Non Current Liabilities |
212,924 |
110.46 |
101,172 |
0 |
0 |
0 |
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Shareholders' Funds |
14,509,982 |
7.12 |
13,545,533 |
13,053,048 |
10,556,383 |
7,986,820 |
|
Share Capital |
79,640 |
-6.82 |
85,466 |
86,501 |
88,184 |
93,558 |
|
Total Reserves |
14,430,342 |
7.21 |
13,460,067 |
12,966,547 |
10,468,199 |
7,893,262 |
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FINANCIAL RATIOS
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MAR 2011 |
MAR 2010 |
MAR 2009 |
MAR 2008 |
MAR 2007 |
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Growth % |
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|
|
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|
12.08 |
16.26 |
23.30 |
35.37 |
NA |
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Profitability |
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Profit Margin (%) |
1.68 |
0.65 |
3.12 |
4.32 |
-0.70 |
|
Return on Equity (%) |
13.01 |
4.79 |
20.67 |
28.69 |
-4.54 |
|
Return on Assets (%) |
2.91 |
1.19 |
8.19 |
9.42 |
-1.19 |
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Leverage |
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Total Debt/Equity (Times) |
3.48 |
3.04 |
1.52 |
2.04 |
2.80 |
|
Current Debt/Equity (Times) |
3.46 |
3.03 |
1.52 |
2.04 |
2.80 |
|
Long Term Debt To Equity (Times) |
0.01 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Total Asset To Total Equity (Times) |
4.48 |
4.04 |
2.52 |
3.04 |
3.80 |
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Asset Management |
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Total Assets Turnover (Times) |
1.73 |
1.84 |
2.62 |
2.18 |
1.71 |
|
Fixed Assets Turnover (Times) |
31.53 |
37.09 |
165.02 |
851.65 |
823.30 |
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Liquidity |
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|
|
|
|
Current Ratio (Times) |
1.22 |
1.27 |
1.63 |
1.49 |
1.35 |
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FINANCIAL
COMMENTARY
Compound Annual Growth Rate
The company's CAGR is 21.44% (4 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 companys performance over a given period.
Profitability
The company yielded a rate of net profit on
sales of 1.68 per cent in FY11 (FY10: 0.65 per cent). The company is now able
to book in SGD - SIN 0.02 of profit for every SGD - SIN of sales in FY11, as
compared with SGD - SIN 0.01 a year ago.
Liquidity
Current ratio stood at 1.22 times in FY11
(FY10: 1.27 times). This means that the company has SGD - SIN 1.22 of current
assets for every SGD - SIN of current liability incurred.
FINANCIAL COMMENTARY
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 3.48
times in FY11, as compared with 3.04 times in FY10. This means that the company
requires additional external financing of SGD - SIN 3.48 for every SGD - SIN
injected into its operations.
Generally, a total debt-to-equity ratio of less than 0.5 times is
preferred. The ratio measures the proportion of the company's reliance on
external debt for financing, relative to the shareholder's fund. A lower ratio
would imply a greater financial safety and operating freedom for the company.
Efficiency Ratio
Return on equity was 13.01 per cent for Subject in the current financial
period, as compared to 4.79 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.
FINANCIAL COMMENTARY
Return on assets stood at 2.91 per cent (FY10: 1.19 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 1.73 times in FY11 (FY10: 1.84
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.49.35 |
|
|
1 |
Rs.78.68 |
|
Euro |
1 |
Rs.65.63 |
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 SCs 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.