MIRA INFORM REPORT

 

 

Report Date :

02.01.2013

 

IDENTIFICATION DETAILS

 

Name :

AEGIS GROUP INTERNATIONAL PTE. LTD.

 

 

Registered Office :

80 Raffles Place #26-01 UOB Plaza Singapore 048624

 

 

Country :

Singapore

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

01.07.2008

 

 

Com. Reg. No.:

200812729D

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

Wholesale of Chemicals and Chemical Products

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

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. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

Source : CIA

 

Company Name:

Registered Number:

AEGIS GROUP INTERNATIONAL PTE. LTD.

200812729D

 

Date Incorporated:

Registered Office:

Telephone Number:

01/07/2008

80 RAFFLES PLACE #26-01 UOB PLAZA SINGAPORE 048624

NA

Age of Company:

Website:

Industry Type:

4

NA

COMMERCE-WHOLESALE

 

 

Risk Dashboard

Days Beyond Terms

Trend:

No. of Litigation Counts:

Company DTC:

NA

NA

The entity is paying current to the creditors

No. of Charges(s):
1

Industry DTC

 

24

 

Directors

 

Corporate Structure

Number of Current Directors

5

Holding Company:

AEGIS LOGISTICS LIMITED

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

EXECUTIVE SUMMARY

 

Company Name

:

AEGIS GROUP INTERNATIONAL PTE. LTD.

Registration No

:

200812729D

Date of Registration

:

01/07/2008

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

80 RAFFLES PLACE #26-01 UOB PLAZA SINGAPORE 048624

Date of Change of Address

:

01/02/2012

Old Address

:

3, Phillip Street, #18-00 Commerce Point, Singapore 48693, Singapore

Contact No.

:

NA

Fax No.

:

NA

Website

:

NA

Registered Activities

:

WHOLESALE OF CHEMICALS AND CHEMICAL PRODUCTS NEC

IMPORT,PURCHASE, SELL, SUPPLY & DISTRIBUTE PETROLEUM

Issued Ordinary Capital*

:

$21,344.00 U.S. DOLLAR ,NO. OF SHARE : 21,344

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$21,344.00 U.S. DOLLAR

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

:

SHANKER IYER & CO

Bankers / Financiers

:

BANK OF BARODA

Turnover

:

SINGAPORE, DOLLARS 427,075,858.58 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 1,000,841.89 (FY2011)

No. of Bank Charges

:

1

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

No found for SINGAPORE 1000 and SME 1000

Compounded Annual Growth Rate (CAGR)

:

NA

SHAREHOLDER DETAILS

 

NAME

:

AEGIS LOGISTICS LIMITED

SHAREHOLDER ID

:

T08UF1942J

NATIONALITY

:

NA

ADDRESS

:

502, 5TH FLOOR, SKYLON, G.I.D.C. CHAR RASTA, VAPI - 396195, DIST. VALSAD, GUJARAT, INDIA

NO. OF ORD SHARES

:

21,344

% OF SHAREHOLDING

:

100%

CURRENCY

:

U.S. DOLLAR

 

 

OFFICER DETAILS

 

NAME

:

ANISH CHANDARIA

ADDRESS

:

15, PRINCE ALBERT ROAD, LONDON NW17SR UNITED KINGDOM

POSITION

:

DIRECTOR

DATE OF APPT

:

01/07/2008

NATIONALITY

:

BRITISH

I/C PASSPORT

:

800224320

 

NAME

:

RAJ KAPURCHAND CHANDARIA

ADDRESS

:

29 TUDOR GATE, TORONTO, CANADA M2LIN3

POSITION

:

DIRECTOR

DATE OF APPT

:

01/07/2008

NATIONALITY

:

CANADIAN

I/C PASSPORT

:

BA365927

 

NAME

:

SEOW YOKE CHAN

ADDRESS

:

404 SERANGOON AVENUE 1 #04-47 SINGAPORE 550404

POSITION

:

DIRECTOR

DATE OF APPT

:

30/12/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0193242Z

 

NAME

:

ARANGANNAL S/O KATHAMUTHU

ADDRESS

:

43 JALAN TIGA #10-18 SINGAPORE 390043

POSITION

:

DIRECTOR

DATE OF APPT

:

01/07/2008

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1290395B

 

NAME

:

CHENG LIAN SIANG

ADDRESS

:

7 SIN MING WALK #20-17 GARDENS AT BISHAN, THE SINGAPORE 575577

POSITION

:

SECRETARY

DATE OF APPT

:

01/07/2008

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1519832Z

 

NAME

:

PATHIMA MUNEERA AZMI

ADDRESS

:

122 JURONG EAST STREET 13 #02-31 IVORY HEIGHTS SINGAPORE 600122

POSITION

:

SECRETARY

DATE OF APPT

:

01/07/2008

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2715498J

 

NAME

:

GOWRI SAMINATHAN MRS GOWRI WADE

ADDRESS

:

28 KELANTAN ROAD #03-131 SINGAPORE 200028

POSITION

:

DIRECTOR

DATE OF APPT

:

30/12/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S7043934D

 

 

KEY PERSONNEL PROFILE

 

Name:

ANISH CHANDARIA

NRIC Number:

800224320

Available Address:

15, PRINCE ALBERT ROAD, LONDON NW17SR UNITED KINGDOM

 

 

Current Business Interest

 

No.

Name

Position

Appt Date

#of Share

%

1

AEGIS GROUP INTERNATIONAL PTE. LTD.

DIRECTOR

01/07/2008

-

-

2

AEGIS INTERNATIONAL MARINE SERVICES PTE. LTD.

DIRECTOR

09/12/2011

-

-

 

 

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.

Transfer

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 have been 1 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201115524

 

Date of Registration

:

09/12/2011

 

Chargee

:

BANK OF BARODA

 

Amount Secured  and Currency

:

All Monies

 

Address

:

9 RAFFLES PLACE #34-02 REPUBLIC PLAZA SINGAPORE 048619

 

LITIGATION

 

Clear

 

COMPLIANCE

 

Date of Last AGM

:

31/10/2011

Date of Last AR

:

30/11/2011

Date of A/C Laid At Last AGM

:

31/03/2011
 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

 

Note:

 

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

 

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

 

For more information: www.acra.gov.sg/compliance

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

MAR 2011

% Change

MAR 2010

MAR 2009

Currency

SGD - SIN

 

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

Turnover

427,075,859

NA

0

0

Profit/(Loss) Before Tax

1,163,255

NA

(8,272)

(8,480)

Profit After Tax attributable

 to Shareholders

987,873

NA

(8,272)

(8,480)

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

Total Assets

20,346,672

146,100.13

13,917

6,925

Current Assets

20,346,672

146,100.13

13,917

6,925

Non Current Assets

0

NA

0

0

 

 

 

 

 

Total Liabilities

19,345,830

NA

0

1,074

Current Liabilities

19,345,830

NA

0

1,074

Non Current Liabilities

0

NA

0

0

 

 

 

 

 

Shareholders' Funds

1,000,842

7,090.99

13,918

5,851

Share Capital

28,345

-6.82

30,418

14,332

Total Reserves

972,497

NA

(16,500)

(8,481)

 

 

FINANCIAL RATIOS 

 

 

Company

 

MAR 2011

MAR 2010

MAR 2009

Growth %

 

 

 

Year-on-Year Growth

NA

NA

NA

 

 

 

 

Profitability

 

 

 

Profit Margin (%)

0.23

0.00

0.00

Return on Equity (%)

98.70

-59.43

-144.93

Return on Assets (%)

4.86

-59.44

-122.45

 

 

 

 

Leverage

 

 

 

Total Debt/Equity (Times)

19.33

0.00

0.18

Current Debt/Equity (Times)

19.33

0.00

0.18

Long Term Debt To Equity (Times)

0.00

0.00

0.00

Total Asset To Total Equity (Times)

20.33

1.00

1.18

 

 

 

 

Asset Management

 

 

 

Total Assets Turnover (Times)

20.99

0.00

0.00

Fixed Assets Turnover (Times)

0.00

0.00

0.00

 

 

 

 

Liquidity

 

 

 

Current Ratio (Times)

1.05

0.00

6.45

 

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 0.23 per cent in FY11. The company is now able to book in SINGAPORE, DOLLARS 0.00 of profit for every SINGAPORE, DOLLARS of sales.

 

 

Liquidity

Current ratio stood at 1.05 times in FY11. This means that the company has SINGAPORE, DOLLARS 1.05 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.

 

 

FINANCIAL COMMENTARY

 

Leverage

Total debt-to-equity ratio notched 19.33 times in FY11. This means that the company requires additional external financing of SINGAPORE, DOLLARS 19.33 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 98.70 per cent for Subject in the current financial period. 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 4.86 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 20.99 times in FY11. 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.54.83

UK Pound

1

Rs.89.22

Euro

1

Rs.72.48

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.