|
Report Date : |
12.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
KION SOUTH ASIA PTE. LTD. |
|
|
|
|
Registered Office : |
5, Loyang Way,
508720 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
28.05.2012 |
|
|
|
|
Com. Reg. No.: |
201213134-N |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of
Industrial Machinery and Equipment |
|
|
|
|
No. of Employees : |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 |
|
REGISTRATION NO. |
: |
201213134-N |
|
COMPANY NAME |
: |
KION SOUTH
ASIA PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
28/05/2012 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
5, LOYANG WAY,
508720, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
5, LOYANG WAY,
508720, SINGAPORE. |
|
TEL.NO. |
: |
65-66909300 |
|
FAX.NO. |
: |
65-66909301 |
|
CONTACT PERSON |
: |
TEE SENG CHUAN (
MANAGING DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
TRADING OF INDUSTRIAL
MACHINERY AND EQUIPMENT |
|
ISSUED AND PAID
UP CAPITAL |
: |
1.00 ORDINARY
SHARE, OF A VALUE OF SGD 1.00 |
|
SALES |
: |
EUR 8,608,788
[2012] |
|
NET WORTH |
: |
EUR
<58,206> [2012] |
|
STAFF STRENGTH |
: |
50 [2013] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
POOR |
|
PAYMENT |
: |
FAIR |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
MODERATE |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL
REPUTATION |
: |
NOT YET
DETERMINED |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
The SC is a private
limited company and is allowed to have a minimum of one and a maximum of
forty-nine shareholders. As a private limited company, the SC must have at
least two directors. A private limited company is a separate legal entity from
its shareholders. As a separate legal entity, the SC is capable of owning
assets, entering into contracts, sue or be sued by other companies. The
liabilities of the shareholders are to the extent of the equity they have taken
up and the creditors cannot claim on shareholders' personal assets even if the
SC is insolvent. The SC is governed by the Companies Act and the company must
file its annual returns, together with its financial statements with the
Registrar of Companies.
The SC is
principally engaged in the (as a / as an) trading of industrial machinery and
equipment.
The immediate
holding company of the SC is LINDE MATERIAL HANDLING GMBH, a company
incorporated in GERMANY.
The ultimate
holding company of the SC is KION GROUP, a company incorporated in GERMANY.
The major
shareholder(s) of the SC are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
LINDE MATERIAL
HANDLING GMBH |
CARL-VON-LINDE-PLATZ,
63743, ASCHAFFENBURG, GERMANY. |
T08UF1417 |
1.00 |
100.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
1.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
QUEK CHING PONG |
|
Address |
: |
72, YUN HAI SHAN
ZHUAN, HUANG CUO ROAD, XIAMEN, 361008, CHINA. |
|
IC / PP No |
: |
A22648717 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
01/06/2012 |
DIRECTOR 2
|
Name Of Subject |
: |
JENS FRANZ WALTER
SPLITTGERBER |
|
Address |
: |
12F BLOCK B, YU
CHENG BUILDING, 51 DONG DU ROAD, HULI DISTRICT, XIAMEN, 361012, CHINA. |
|
IC / PP No |
: |
C1T0PGKZG |
|
Nationality |
: |
GERMAN |
|
Date of
Appointment |
: |
01/06/2012 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. TEE SENG
CHUAN |
|
Address |
: |
204, LOYANG
AVENUE, 03-03, LOYANG VALLEY, 509060, SINGAPORE. |
|
IC / PP No |
: |
G5296219L |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
01/06/2012 |
DIRECTOR 4
|
Name Of Subject |
: |
PUA SOON GUAN |
|
Address |
: |
109, PASIR RIS
STREET 11, 04-593, 510109, SINGAPORE. |
|
IC / PP No |
: |
S7365820I |
|
Nationality |
: |
SINGAPOREAN |
|
Date of
Appointment |
: |
15/01/2013 |
|
1) |
Name of Subject |
: |
TEE SENG CHUAN |
|
|
Position |
: |
MANAGING DIRECTOR |
|
|
|
|
|
|
Auditor |
: |
DELOITTE &
TOUCHE LLP |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
LIM BEE ENG |
|
|
IC / PP No |
: |
S1626446F |
|
|
|
|
|
|
|
Address |
: |
289, BISHAN
STREET 24, 16-17, 570289, SINGAPORE. |
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank againt the SC whether the subject
has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
SOURCES OF RAW
MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
|
|
|
|
The SC refused to disclose any information on its trade suppliers.
The SC refused to provide any name of trade/service supplier and we are unable
to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT
HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
|
] |
|
Good 31-60 Days |
[ |
|
] |
|
Average 61-90
Days |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
X |
] |
|
Poor >120 Days |
[ |
|
] |
|
|
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
INDUSTRIAL
MACHINERY AND EQUIPMENT
|
|
|
|
|
|
|
Total Number of
Employees: |
|||||||||
|
YEAR |
2013 |
|
|||||||
|
GROUP |
N/A |
|
|
|
|
|
|
|
|
|
COMPANY |
50 |
|
|
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The SC is principally engaged in the (as a / as an) trading of industrial
machinery and equipment.
The SC is the provider of forklifts, warehouse equipment and other industrial
trucks.
Latest fresh
investigations carried out on the SC indicated that :
|
Telephone Number
Provided By Client |
: |
N/A |
|
Current Telephone
Number |
: |
65-66909300 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided
by Client |
: |
SINGAPORE |
|
Current Address |
: |
5, LOYANG WAY,
508720, SINGAPORE. |
|
Match |
: |
NO |
|
|
|
|
Other
Investigations
On 12th September 2013 we contacted a staff from the SC and she provided some
information on the SC.
The address provided is incomplete.
The SC refused to disclose its bankers.
|
Profitability |
|
|
|
|
|
|
|
Return on
Shareholder Funds |
: |
Unfavourable |
[ |
100.00% |
] |
|
|
Return on Net
Assets |
: |
Unfavourable |
[ |
<134.00%> |
] |
|
|
|
|
|
|
|
|
|
|
Although the SC's
returns showed positive figures it is not reflective of the true situation.
The SC incurred losses during the year and its shareholders' funds have
turned red. The positive returns on shareholders' funds is the result of
losses divided by negative shareholders' funds. The SC's management was
inefficient in utilising the assets to generate returns. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital
Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Favourable |
[ |
53 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
260 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
285 Days |
] |
|
|
|
|
|
|
|
|
|
|
The SC's stocks
were moving fast thus reducing its holding cost. This had reduced funds being
tied up in stocks. The SC's debtors ratio was high. The SC should tighten its
credit control and improve its collection period. The unfavourable creditors'
ratio could be due to the SC taking advantage of the credit granted by its
suppliers. However this may affect the goodwill between the SC and its
suppliers and the SC may inadvertently have to pay more for its future
supplies. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Liquid Ratio |
: |
Acceptable |
[ |
0.82 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.97 Times |
] |
|
|
|
|
|
|
|
|
|
|
The SC's liquid
ratio was slightly low. This could indicate that the SC's working capital was
slightly deficient. The SC will have to improve its liquidity position either
by obtaining short term financing or increase its paid up capital so that it
can meet all its short term obligations as and when they fall due. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Unfavourable |
[ |
<5.99
Times> |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
<1.82
Times> |
] |
|
|
|
|
|
|
|
|
|
|
The SC incurred
losses in the year. It did not generate sufficient income to service its
interest. If the situation does not improve, the SC may be vulnerable to
default in servicing the interest. The SC's gearing was negative during the
year as its shareholders' funds was in the red. This means the SC is running
its business using borrowed money. We consider the SC as facing high
financial risks. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall
Assessment : |
|
|
|
|
|
|
|
The SC's
liquidity was at an acceptable range. If the SC is able to obtain further
short term financing, it should be able to meet all its short term
obligations. The SC's interest cover was negative, indicating that it did not
generate sufficient income to service its interest. If its result does not
show impressive improvements or succeed obtaining short term financing or
capital injection, it may not be able to service its interest and repay the
loans. The SC has high financial risks. If its shareholders do not inject
more capital into the company or if its business performance does not
improve, its going concern may be in question. |
||||||
|
|
|
|
|
|
|
|
|
Overall
financial condition of the SC : POOR |
||||||
|
Major Economic
Indicators : |
2008 |
2009 |
2010 |
2011 |
2012 |
|
|
|
|
|
|
|
|
Population
(Million) |
4.84 |
4.98 |
5.08 |
5.18 |
5.31 |
|
Gross Domestic
Products ( % ) |
1.5 |
<0.8> |
14.5 |
4.9 |
1.3 |
|
Consumer Price
Index |
6.6 |
0.6 |
2.8 |
5.2 |
4.6 |
|
Total Imports
(Million) |
450,892.6 |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
|
Total Exports
(Million) |
476,762.2 |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
|
|
|
|
|
|
|
|
Unemployment Rate
(%) |
2.2 |
3.2 |
2.2 |
2.1 |
2.0 |
|
Tourist Arrival
(Million) |
10.12 |
9.68 |
11.64 |
13.17 |
14.37 |
|
Hotel Occupancy
Rate (%) |
81.0 |
75.8 |
85.6 |
86.5 |
86.4 |
|
Cellular Phone
Subscriber (Million) |
1.31 |
1.37 |
1.43 |
1.50 |
1.52 |
|
|
|
|
|
|
|
|
Registration of
New Companies (No.) |
25,327 |
26,414 |
29,798 |
32,317 |
31,892 |
|
Registration of
New Companies (%) |
<2.2> |
4.3 |
12.8 |
8.5 |
<1.3> |
|
Liquidation of
Companies (No.) |
10,493 |
22,393 |
15,126 |
19,005 |
17,218 |
|
Liquidation of
Companies (%) |
13.7 |
113.4 |
<32.5> |
25.6 |
9.4 |
|
|
|
|
|
|
|
|
Registration of
New Businesses (No.) |
24,850 |
26,876 |
23,978 |
23,494 |
24,788 |
|
Registration of New
Businesses (%) |
0.36 |
8.15 |
<10.78> |
2.02 |
5.51 |
|
Liquidation of
Businesses (No.) |
21,150 |
23,552 |
24,211 |
23,005 |
22,489 |
|
Liquidation of
Businesses (%) |
<0.8> |
11.4 |
2.8 |
<5> |
<2.2> |
|
|
|
|
|
|
|
|
Bankruptcy Orders
(No.) |
2,326 |
2,058 |
1,537 |
1,527 |
1,748 |
|
Bankruptcy Orders
(%) |
<15.9> |
<11.5> |
<25.3> |
<0.7> |
14.5 |
|
Bankruptcy
Discharges (No.) |
1,500 |
3,056 |
2,252 |
1,391 |
1,881 |
|
Bankruptcy
Discharges (%) |
<7.7> |
103.7 |
<26.3> |
<38.2> |
35.2 |
|
|
|
|
|
|
|
|
INDUSTRIES ( %
of Growth ) : |
|
|
|
|
|
|
Agriculture |
|
|
|
|
|
|
Production of
Principal Crops |
<0.32> |
3.25 |
<0.48> |
4.25 |
3.64 |
|
Fish Supply &
Wholesale |
<6.31> |
<1.93> |
<10.5> |
12.10 |
<0.5> |
|
|
|
|
|
|
|
|
Manufacturing
* |
74.6 |
71.5 |
92.8 |
100.0 |
100.3 |
|
Food, Beverages
& Tobacco |
94.8 |
90.4 |
96.4 |
100.0 |
103.5 |
|
Textiles |
180.1 |
145.9 |
122.1 |
100.0 |
104.0 |
|
Wearing Apparel |
334.6 |
211.0 |
123.3 |
100.0 |
92.1 |
|
Leather Products
& Footwear |
128.2 |
79.5 |
81.8 |
100.0 |
98.6 |
|
Wood & Wood
Products |
132.0 |
101.4 |
104.0 |
100.0 |
95.5 |
|
Paper & Paper
Products |
101.0 |
95.4 |
106.1 |
100.0 |
97.4 |
|
Printing &
Media |
118.2 |
100.9 |
103.5 |
100.0 |
93.0 |
|
Crude Oil
Refineries |
113.1 |
96.4 |
95.6 |
100.0 |
99.4 |
|
Chemical &
Chemical Products |
84.5 |
80.3 |
97.6 |
100.0 |
100.5 |
|
Pharmaceutical
Products |
43.7 |
49.1 |
75.3 |
100.0 |
109.7 |
|
Rubber &
Plastic Products |
120.1 |
101.2 |
112.3 |
100.0 |
96.5 |
|
Non-metallic
Mineral |
96.5 |
91.9 |
92.5 |
100.0 |
98.2 |
|
Basic Metals |
109.8 |
92.6 |
102.2 |
100.0 |
90.6 |
|
Fabricated Metal
Products |
101.3 |
90.8 |
103.6 |
100.0 |
104.3 |
|
Machinery &
Equipment |
65.0 |
57.3 |
78.5 |
100.0 |
112.9 |
|
Electrical
Machinery |
81.7 |
86.8 |
124.1 |
100.0 |
99.3 |
|
Electronic
Components |
93.1 |
85.2 |
113.6 |
100.0 |
90.6 |
|
Transport
Equipment |
102.0 |
96.0 |
94.0 |
100.0 |
106.3 |
|
|
|
|
|
|
|
|
Construction |
45.90 |
<36.9> |
14.20 |
20.50 |
28.70 |
|
Real Estate |
<11.2> |
1.4 |
21.3 |
25.4 |
31.9 |
|
|
|
|
|
|
|
|
Services |
|
|
|
|
|
|
Electricity, Gas
& Water |
<1.3> |
1.70 |
4.00 |
7.00 |
6.30 |
|
Transport,
Storage & Communication |
11.60 |
3.90 |
12.80 |
7.40 |
5.30 |
|
Finance &
Insurance |
<5.9> |
<16.4> |
<0.4> |
8.90 |
0.50 |
|
Government
Services |
17.40 |
4.50 |
9.70 |
6.90 |
6.00 |
|
Education
Services |
0.50 |
0.10 |
<0.9> |
<1.4> |
0.30 |
|
|
|
|
|
|
|
|
* Based on Index
of Industrial Production (2011 = 100) |
|
|
|
|
|
|
(Source :
Department of Statistics) |
|
|
|
|
|
|
INDUSTRY : |
TRADING |
|
|
|
|
|
|
|
The wholesale and
retail trade sector contracted by 1.5% in the fourth quarter of 2012,
extending the 0.2% decline in the preceding quarter. For the whole of 2012,
the sector declined by 0.7%, reversing the 1.6% growth in 2011. The sector
was weighed down primarily by the wholesale trade segment. In 2012, the
wholesale trade segment contracted by 1.0%, a reversal from the 1.4% growth
in 2011. Growth of the retail trade segment also moderated to 2.0%, from 3.2%
in the year 2011. |
|
|
|
|
|
The domestic
wholesale trade index grew by 1.2% in the fourth quarter of 2012, an
improvement from the 5.4% decline in the third quarter. This was partly due
to an increase in the sales of chemicals & chemical products and ship
chandlers & bunkering. For the full year of 2012, the domestic wholesale
trade index contracted by 2.2%, extending the 1.7% decline in 2011. The
foreign wholesale trade index grew by 8.6% in the fourth quarter, an increase
from the 6.6% growth in the third quarter. The expansion was partly due to
resilient sales of petroleum & petroleum products. For the whole of 2012,
the foreign wholesale trade index expanded by 9.1%, faster than the 4.3%
increase in 2011. |
|
|
|
|
|
In the fourth
quarter of 2012, retail sales volume declined by 2.0%, extending the 0.3%
decline in the third quarter. Excluding motor vehicles, retail sales volume
grew by 0.4%, a slight moderation compared to the 1.5% gain in the third
quarter of 2012. The sales volume of motor vehicles fell by 11% in the fourth
quarter of 2012, after contracting by 6.1% in the third quarter. The sales of
several discretionary items also declined in the fourth quarter. Besides, the
sales of optical goods & books in 2012 fell by 3.6%, while the sales of
telecommunications apparatus & computers declined by 1.4%. |
|
|
|
|
|
For 2012 as a
whole, retail sales volume grew by 1.3%, compared to the 2.0% expansion in
2011. Excluding motor vehicle sales, the increase in retail sales volume also
moderated from 5.4% in 2011 to 1.7% in 2012. Medical goods & toiletries
registered the largest increase (9.3%) in sales, followed by
telecommunications apparatus & computers (6.9%). By contrast, the sales
of watches & jewellery (-2.2%) and optical goods & books (-3.6%)
declined. |
|
|
|
|
|
|
|
|
OVERALL
INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
|
The SC's overall
payment habit is fair and this clearly implied a weak credit control of the
SC.
|
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
KION SOUTH
ASIA PTE. LTD. |
|
Financial Year
End |
2012-12-31 |
|
Months |
7 |
|
Consolidated
Account |
Company |
|
Audited Account |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
|
Financial Type |
FULL |
|
Currency |
EUR |
|
|
|
|
TURNOVER |
8,608,788 |
|
|
---------------- |
|
Total Turnover |
8,608,788 |
|
|
---------------- |
|
|
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
<58,206> |
|
|
---------------- |
|
PROFIT/(LOSS)
BEFORE TAXATION |
<58,206> |
|
|
---------------- |
|
PROFIT/(LOSS)
AFTER TAXATION |
<58,206> |
|
|
---------------- |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
---------------- |
|
PROFIT AVAILABLE
FOR APPROPRIATIONS |
<58,206> |
|
|
---------------- |
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
<58,206> |
|
|
============= |
|
|
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|
|
Loan from holding
company |
7,766 |
|
Others |
564 |
|
KION SOUTH
ASIA PTE. LTD. |
|
ASSETS
EMPLOYED: |
|
|
FIXED ASSETS |
262,543 |
|
|
|
|
|
---------------- |
|
TOTAL LONG TERM
ASSETS |
262,543 |
|
|
|
|
CURRENT ASSETS |
|
|
Stocks |
1,241,441 |
|
Trade debtors |
6,136,543 |
|
Other debtors,
deposits & prepayments |
5,386 |
|
Amount due from
holding company |
298,764 |
|
Amount due from
related companies |
14,133 |
|
Cash & bank
balances |
423,750 |
|
|
---------------- |
|
TOTAL CURRENT
ASSETS |
8,120,017 |
|
|
---------------- |
|
TOTAL ASSET |
8,382,560 |
|
|
============= |
|
|
|
|
CURRENT
LIABILITIES |
|
|
Trade creditors |
6,729,035 |
|
Other creditors
& accruals |
253,910 |
|
Hire purchase
& lease creditors |
10,429 |
|
Amounts owing to
holding company |
1,351,964 |
|
|
---------------- |
|
TOTAL CURRENT
LIABILITIES |
8,345,338 |
|
|
---------------- |
|
NET CURRENT
ASSETS/(LIABILITIES) |
<225,321> |
|
|
---------------- |
|
TOTAL NET ASSETS |
37,222 |
|
|
============= |
|
|
|
|
RESERVES |
|
|
Retained
profit/(loss) carried forward |
<58,206> |
|
|
---------------- |
|
TOTAL RESERVES |
<58,206> |
|
|
|
|
|
---------------- |
|
SHAREHOLDERS'
FUNDS/EQUITY |
<58,206> |
|
|
|
|
LONG TERM
LIABILITIES |
|
|
Lease obligations |
95,428 |
|
|
---------------- |
|
TOTAL LONG TERM
LIABILITIES |
95,428 |
|
|
---------------- |
|
|
37,222 |
|
|
============= |
|
KION SOUTH
ASIA PTE. LTD. |
|
TYPES OF FUNDS |
|
|
Cash |
423,750 |
|
Net Liquid Funds |
423,750 |
|
Net Liquid Assets |
<1,466,762> |
|
Net Current
Assets/(Liabilities) |
<225,321> |
|
Net Tangible
Assets |
37,222 |
|
Net Monetary
Assets |
<1,562,190> |
|
BALANCE SHEET
ITEMS |
|
|
Total Borrowings |
105,857 |
|
Total Liabilities |
8,440,766 |
|
Total Assets |
8,382,560 |
|
Net Assets |
37,222 |
|
Net Assets
Backing |
<58,206> |
|
Shareholders'
Funds |
<58,206> |
|
Total Share
Capital |
0 |
|
Total Reserves |
<58,206> |
|
LIQUIDITY
(Times) |
|
|
Cash Ratio |
0.05 |
|
Liquid Ratio |
0.82 |
|
Current Ratio |
0.97 |
|
WORKING
CAPITAL CONTROL (Days) |
|
|
Stock Ratio |
53 |
|
Debtors Ratio |
260 |
|
Creditors Ratio |
285 |
|
SOLVENCY
RATIOS (Times) |
|
|
Gearing Ratio |
<1.82> |
|
Liabilities Ratio |
<145.02> |
|
Times Interest
Earned Ratio |
<5.99> |
|
Assets Backing
Ratio |
0.00 |
|
PERFORMANCE
RATIO (%) |
|
|
Operating Profit
Margin |
<0.68> |
|
Net Profit Margin |
<0.68> |
|
Return On Net
Assets |
<134.00> |
|
Return On Capital
Employed |
<104.67> |
|
Return On
Shareholders' Funds/Equity |
100.00 |
|
Dividend Pay Out
Ratio (Times) |
0.00 |
|
NOTES TO
ACCOUNTS |
|
|
Contingent
Liabilities |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.100.47 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.