MIRA INFORM REPORT

 

 

Report Date :

22.06.2013

 

IDENTIFICATION DETAILS

 

Name :

ACALPO PTE LTD

 

 

Registered Office :

20 Malacca Street #08-00 Malacca Centre Singapore 048979

 

 

Country :

Singapore

 

 

Financials (as on) :

December 2011

 

 

Date of Incorporation :

05.02.1999

 

 

Com. Reg. No.:

199900612W

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General wholesale trade (including general importers and exporters)

 

(We tried to confirm/obtain the detailed activity but the same is not available from any sources)

 

 

No. of Employees :

Not Available 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 0.8% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010, on the strength of renewed exports, before slowing to 5.2% in 2011 and 1.3% in 2012, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to an average of about 1.0% 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:

ACALPO PTE LTD

199900612W

 

Date Incorporated:

Registered Office:

Telephone Number:

05/02/1999

20 MALACCA STREET #08-00 MALACCA CENTRE SINGAPORE 048979

6324 4600

Age of Company:

Website:

Industry Type:

14

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):
7

Industry DTC

 

37

 

Directors

 

Corporate Structure

Number of Current Directors

1

Holding Company:

ESTROIL HOLDINGS LIMITED

Number that are shareholders

1

No. of Subsidiaries & Associated Companies:

NA

 

 

EXECUTIVE SUMMARY

 

Company Name

:

ACALPO PTE LTD

Registration No

:

199900612W

Date of Registration

:

05/02/1999

Former Name

:

NA

Date of Change of Name

:

NA

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

20 MALACCA STREET #08-00 MALACCA CENTRE SINGAPORE 048979

Date of Change of Address

:

06/05/2011

Contact No.

:

6324 4600

Fax No.

:

6324 4656

Website

:

NA

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$3,500,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 3,500,000

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$3,500,000.00 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

:

J K MEDORA & CO LLP

Bankers / Financiers

:

STANDARD CHARTERED BANK

CITIBANK N.A.

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

DBS BANK LTD.

OVERSEA-CHINESE BANKING CORPORATION LIMITED

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")

Turnover

:

SINGAPORE, DOLLARS 120,254,299.74 (FY2011)

Net Worth

:

SINGAPORE, DOLLARS 26,606,336.29 (FY2011)

No. of Bank Charges

:

7

No. of Litigation Suits

:

NA

S1000 / SME 1000 / FG50 Ranking

:

1740 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2011/2012)

1217 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2006/2007)

945 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2005/2006)

968 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2005/2006)

904 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2004/2005)

Compounded Annual Growth Rate (CAGR)

:

NA

 

 

SHAREHOLDER DETAILS

 

NAME

:

ESTROIL HOLDINGS LIMITED

SHAREHOLDER ID

:

T08UF0429C

NATIONALITY

:

NA

ADDRESS

:

P O BOX 957 ROAD TOWN TORTOLA BRITISH VIRGIN ISLAND

NO. OF ORD SHARES

:

3,500,000

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

SEET BENG CHOO JEANNE

 

ADDRESS

:

22 MALACCA STREET #03-02 RB CAPITAL BUILDING SINGAPORE 048980

 

POSITION

:

SECRETARY

 

 

DATE OF APPT

:

31/07/2003

 

 

NATIONALITY

:

SINGAPORE CITIZEN

 

I/C PASSPORT

:

S1234059A

 

 

 

NAME

:

GAUTAM RAMPURIA

ADDRESS

:

17A BERRIMA ROAD SINGAPORE 299930

POSITION

:

DIRECTOR

DATE OF APPT

:

16/03/1999

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S6864867Z

 

 

KEY PERSONNEL PROFILE

 

Name:

GAUTAM RAMPURIA

NRIC Number:

S6864867Z

Available Address:

17A BERRIMA ROAD  SINGAPORE 299930

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

ACALPO PTE LTD

DIRECTOR

16/03/1999

-

-

2

BLAKES HOTEL PTE. LTD.

SHAREHOLDER

-

30000

3.00

3

ESKAR INTERNATIONAL PTE LTD

DIRECTOR

05/06/1996

-

-

4

I-COAL SINGAPORE PTE. LTD.

DIRECTOR

23/11/2010

-

-

5

WELLSIDE ESKAR GLOBAL PTE. LTD.

DIRECTOR

22/05/2008

1

50.00

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

ACALPO WILMAR PTE LTD

DISSOLVED - MEMBERS' VOLUNTARY WINDING UP

DIRECTOR

28/12/2001

25/01/2013

 

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 7 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201009426

 

 

Date of Registration

:

13/10/2010

 

 

Chargee

:

STANDARD CHARTERED BANK

 

 

Amount Secured  and Currency

:

All Monies

 

 

Address

:

---

 

 

 

2)

Charge No.

:

C200801518

 

Date of Registration

:

06/02/2008

 

Chargee

:

CITIBANK N.A.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

 

3)

Charge No.

:

C200708685

 

Date of Registration

:

15/10/2007

 

Chargee

:

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

 

4)

Charge No.

:

C200505168

 

Date of Registration

:

29/08/2005

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

 

5)

Charge No.

:

C200303883

 

Date of Registration

:

13/08/2003

 

Chargee

:

OVERSEA-CHINESE BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

2,800,000.00 UNITED STATES OF AMERICA, DOLLARS

 

Address

:

---

 

 

6)

Charge No.

:

200105257

 

Date of Registration

:

24/10/2001

 

Chargee

:

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

 

7)

Charge No.

:

199901574

 

Date of Registration

:

04/05/1999

 

Chargee

:

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

 

LITIGATION

 

Clear

 

 

COMPLIANCE

 

Date of Last AGM

:

24/08/2012

Date of Last AR

:

04/09/2012

Date of A/C Laid At Last AGM

:

31/12/2011
 

 

COMPLIANCE RATING FOR ANNUAL FILING

 

ANNUAL GENERAL MEETING,ANNUAL RETURN OR ACCOUNTS LATE

 

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

 

DEC 2011

% Change

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Currency

SINGAPORE, DOLLARS

 

SINGAPORE, DOLLARS

SGD - SIN

SGD - SIN

SGD - SIN

Profit and Loss Key Figures

 

 

 

 

 

 

Turnover

120,254,300

10.88

108,454,325

124,960,657

199,324,868

218,171,275

Profit/(Loss) Before Tax

733,258

-95.82

17,541,802

1,830,861

3,160,183

2,467,658

Profit After Tax attributable

 to Shareholders

654,044

-96.23

17,354,840

1,692,040

2,997,921

2,204,855

 

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

 

Total Assets

34,168,214

-47.90

65,578,354

45,478,654

31,824,689

46,477,045

Current Assets

34,168,214

-47.90

65,578,354

36,234,641

19,677,008

37,345,168

Non Current Assets

0

NA

0

9,244,013

12,147,681

9,131,877

 

 

 

 

 

 

 

Total Liabilities

7,561,878

-76.07

31,600,475

30,626,270

17,794,535

35,826,077

Current Liabilities

7,561,878

-76.07

31,600,475

30,626,270

17,794,535

35,826,077

Non Current Liabilities

0

NA

0

0

0

0

 

 

 

 

 

 

 

Shareholders' Funds

26,606,336

-21.70

33,977,879

14,852,384

14,030,155

10,650,969

Share Capital

2,662,654

-7.73

2,885,762

3,086,034

2,992,384

2,450,161

Total Reserves

23,943,682

-22.99

31,092,117

11,766,350

11,037,771

8,200,808

 

FINANCIAL RATIOS 

 

 

Company

 

DEC 2011

DEC 2010

DEC 2009

DEC 2008

DEC 2007

Growth %

 

 

 

 

 

Year-on-Year Growth

10.88

-13.21

-37.31

-8.64

NA

 

 

 

 

 

 

Profitability

 

 

 

 

 

Profit Margin (%)

0.54

16.00

1.35

1.50

1.01

Return on Equity (%)

2.46

51.08

11.39

21.37

20.70

Return on Assets (%)

1.91

26.46

3.72

9.42

4.74

 

 

 

 

 

 

Leverage

 

 

 

 

 

Total Debt/Equity (Times)

0.28

0.93

2.06

1.27

3.36

Current Debt/Equity (Times)

0.28

0.93

2.06

1.27

3.36

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.00

0.00

Total Asset To Total Equity (Times)

1.28

1.93

3.06

2.27

4.36

 

 

 

 

 

 

Asset Management

 

 

 

 

 

Total Assets Turnover (Times)

3.52

1.65

2.75

6.26

4.69

Fixed Assets Turnover (Times)

0.00

0.00

13.52

16.41

23.89

 

 

 

 

 

 

Liquidity

 

 

 

 

 

Current Ratio (Times)

4.52

2.08

1.18

1.11

1.04

 

 

FINANCIAL COMMENTARY

 

Profitability

The company yielded a rate of net profit on sales of 0.54 per cent in FY11 (FY10: 16.00 per cent). The company is now able to book in SINGAPORE, DOLLARS 0.01 of profit for every SINGAPORE, DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.16 a year ago.

 

 

Liquidity

 

Current ratio stood at 4.52 times in FY11 (FY10: 2.08 times). This means that the company has SINGAPORE, DOLLARS 4.52 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 0.28 times in FY11, compared with 0.93 times in FY10. This means that the company requires additional external financing of SINGAPORE, DOLLARS 0.28 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 2.46 per cent for Subject in the current financial period, as compared to 51.08 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 1.91 per cent (FY10: 26.46 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 3.52 times in FY11 (FY10: 1.65 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.59.35

UK Pound

1

Rs.92.11

Euro

1

Rs.78.59

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.