|
|
REGISTRATION
NO.
|
:
|
201117368-G
|
|
COMPANY NAME
|
:
|
EVONIK
METHIONINE SEA PTE. LTD.
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION
DATE
|
:
|
21/07/2011
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
PRIVATE
LIMITED (LIMITED BY SHARE)
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED
ADDRESS
|
:
|
3,
INTERNATIONAL BUSINESS PARK, 07-18, NORDIC EUROPEAN CENTRE, 609927,
SINGAPORE.
|
|
BUSINESS
ADDRESS
|
:
|
3
INTERNATIONAL BUSINESS PARK, 07-18 NORDIC EUROPEAN CENTRE, 609927,
SINGAPORE.
|
|
TEL.NO.
|
:
|
65-68096666
|
|
FAX.NO.
|
:
|
65-68096866
|
|
WEB SITE
|
:
|
WWW.EVONIK.COM
|
|
CONTACT PERSON
|
:
|
PETER HANS (
DIRECTOR )
|
|
|
|
|
|
|
|
|
|
PRINCIPAL
ACTIVITY
|
:
|
TRADING OF
CHEMICALS
|
|
|
|
|
|
ISSUED AND
PAID UP CAPITAL
|
:
|
10,000,000.00
ORDINARY SHARE, OF A VALUE OF SGD 10,000,000.00
340,000,000.00 PREFERENCE SHARE, OF A VALUE OF SGD 340,000,000.00
|
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
SGD
192,706,002 [2012]
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
N/A
|
|
LITIGATION
|
:
|
CLEAR
|
|
FINANCIAL
CONDITION
|
:
|
FAIR
|
|
PAYMENT
|
:
|
AVERAGE
|
|
MANAGEMENT
CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
|
COMMERCIAL
RISK
|
:
|
LOW
|
|
CURRENCY
EXPOSURE
|
:
|
MODERATE
|
|
GENERAL
REPUTATION
|
:
|
SATISFACTORY
|
|
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
chemicals.
The immediate holding company of the SC is EVONIK (SEA) PTE LTD, a
company incorporated in SINGAPORE.
The ultimate holding company of the SC is RAG-STIFTUNG, a company
incorporated in GERMANY.
The major shareholder(s) of the SC are
shown as follows :
|
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
EVONIK (SEA)
PTE LTD
[10,000,000 ORDINARY SHARES & 340,000,000 PREFERENCE SHARES]
|
3,
INTERNATIONAL BUSINESS PARK, 07-18, NORDIC EUROPEAN CENTRE, 609927,
SINGAPORE.
|
199704503Z
|
350,000,000.00
|
100.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
350,000,000.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTOR 1
|
Name Of
Subject
|
:
|
PETER HANS
MEINSHAUSEN
|
|
Address
|
:
|
23, CLAYMORE
ROAD, 23-03, TATE RESIDENCES, THE, 229546, SINGAPORE.
|
|
IC / PP No
|
:
|
G6312489W
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
GERMAN
|
|
Date of
Appointment
|
:
|
01/09/2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of
Subject
|
:
|
NICHOLAS
GUTHIER
|
|
Address
|
:
|
57, SIAN TUAN
AVENUE, HONG KONG PARK, 588331, SINGAPORE.
|
|
IC / PP No
|
:
|
G5056373T
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
GERMAN
|
|
Date of
Appointment
|
:
|
01/09/2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of
Subject
|
:
|
THOMAS HERMANN
WENZEL
|
|
Address
|
:
|
IM BORNFELD36
B, 63791, KARLSTEIN AM MAIN, GERMANY.
|
|
IC / PP No
|
:
|
CGFXPCY27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
GERMAN
|
|
Date of
Appointment
|
:
|
01/09/2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of
Subject
|
:
|
DR EMMANUEL
JOSEF AUER
|
|
Address
|
:
|
RENNBAHNSTR
50, 60528 FRANKFURT AM MAIN, GERMANY.
|
|
IC / PP No
|
:
|
C5HN2F8LX
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
GERMAN
|
|
Date of
Appointment
|
:
|
01/05/2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 5
|
Name Of
Subject
|
:
|
DR HARTWIG
CHRISTOPH POHLMANN
|
|
Address
|
:
|
106, DUCHESS
AVENUE, 05-08, DUCHESS RESIDENCES, 266311, SINGAPORE.
|
|
IC / PP No
|
:
|
G5170272M
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
GERMAN
|
|
Date of
Appointment
|
:
|
01/09/2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1)
|
Name of
Subject
|
:
|
PETER HANS
|
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
|
Auditor
|
:
|
PRICEWATERHOUSECOOPERS
LLP
|
|
Auditor'
Address
|
:
|
N/A
|
|
|
|
|
|
|
|
|
|
1)
|
Company
Secretary
|
:
|
ANNA MARDIANA
ALISJAHBANA
|
|
|
IC / PP No
|
:
|
S2205619J
|
|
|
|
|
|
|
|
Address
|
:
|
46, EASTWOOD
ROAD, 04-06, LAGUNA 88, 486356, SINGAPORE.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2)
|
Company
Secretary
|
:
|
IAN NG FOOK
YUN
|
|
|
IC / PP No
|
:
|
S2565916C
|
|
|
|
|
|
|
|
Address
|
:
|
151, CAVENAGH
ROAD, 09-161, CAVENAGH COURT, 229628, 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 its 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
|
[
|
X
|
]
|
|
|
Fair 91-120
Days
|
[
|
|
]
|
|
Poor >120
Days
|
[
|
|
]
|
|
|
|
|
|
|
CLIENTELE
|
|
Local
|
:
|
YES
|
|
Domestic
Markets
|
:
|
SINGAPORE
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
WORLDWIDE
|
|
Credit Term
|
:
|
AS AGREED
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
TELEGRAPHIC TRANSFER (TT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
|
Goods Traded
|
:
|
CHEMICALS
|
|
|
|
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) trading of chemicals.
Evonik is one of the world's leading specialty chemicals companies.
Its specialty chemicals activities focus on high-growth megatrends especially
health, nutrition, resource efficiency, and globalization.
Latest fresh investigations carried out on the SC indicated that :
|
Telephone
Number Provided By Client
|
:
|
N/A
|
|
Current
Telephone Number
|
:
|
65-68096666
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address
Provided by Client
|
:
|
3
INTERNATIONAL BUSINESS PARK, 07-18 NORDIC EUROOPEAN CENTRE, SINGAPORE
609927
|
|
Current
Address
|
:
|
3
INTERNATIONAL BUSINESS PARK, 07-18 NORDIC EUROPEAN CENTRE, 609927,
SINGAPORE.
|
|
Match
|
:
|
YES
|
|
|
|
|
Other
Investigations
On 17th September 2013 we contacted one of the staff from the SC and she
provided some information on the SC.
The SC refused to disclose its number of employees.
The SC and its Company Secretary refused to comment anything on its nil
turnover.
|
|
|
Overall
Assessment :
|
|
The SC has
generated an unfavourable return on shareholders' funds indicating that the
management was inefficient in utilising its funds to generate return.
However, the SC is in good liquidity position with its current liabilities
well covered by it current assets. Hence, it has sufficient working capital
to meet its short term financial obligations. Being a zero geared company,
the SC virtually has no financial risk as it is mainly dependent on its
internal funds to finance its business.
|
|
|
|
|
|
|
|
|
|
Overall
financial condition of the SC : FAIR
|
SINGAPORE ECONOMIC / INDUSTRY
OUTLOOK
|
|
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
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
|
Incorporated in 2011, the SC is a Private Limited company, focusing on
trading of chemicals. Having been in the industry for only 2 years, the SC
is growing fast with a paid up capital of SGD 350,000,000. With a huge paid
up capital, the SC is allowed to expand its business comfortably. Having
strong support from its holding company has enabled the SC to remain
competitive despite the challenging business environment. We are confident
with the SC's business and its future growth prospect.
Over the years, the SC has penetrated into both the local and overseas
market. The SC has positioned itself in the global market and is competing
in the industry. Its stable clientele base will enable the SC to further
enhance its business in the near term. Overall, we regard that the SC's
management capability is average.
The SC has generated an unfavourable return on shareholders' funds
indicating that the management was inefficient in utilising its funds to
generate return. However, the SC is in good liquidity position with its
current liabilities well covered by it current assets. Hence, it has
sufficient working capital to meet its short term financial obligations.
Being a zero geared company, the SC virtually has no financial risk as it
is mainly dependent on its internal funds to finance its business. Given a
positive net worth standing at SGD 192,706,002, the SC should be able to
maintain its business in the near terms.
The SC's payment habit is average. With its adequate working capital, the
SC should be able to pay its short term debts.
The industry shows an upward trend and this trend is very likely to sustain
in the near terms. Hence, the SC is expected to benefit from the favourable
outlook of the industry.
Based on the above condition, we recommend credit be granted to the SC
normally.
|
PROFIT AND LOSS ACCOUNT
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS.
|
|
EVONIK
METHIONINE SEA PTE. LTD.
|
|
Financial Year
End
|
2012-12-31
|
2011-12-31
|
|
Months
|
12
|
5
|
|
Consolidated
Account
|
Company
|
Company
|
|
Audited
Account
|
YES
|
YES
|
|
Unqualified
Auditor's Report (Clean Opinion)
|
YES
|
YES
|
|
Financial Type
|
FULL
|
FULL
|
|
Currency
|
SGD
|
SGD
|
|
|
|
|
|
PROFIT/(LOSS)
FROM OPERATIONS
|
<7,118,738>
|
<220,223>
|
|
|
----------------
|
----------------
|
|
PROFIT/(LOSS)
BEFORE TAXATION
|
<7,118,738>
|
<220,223>
|
|
|
----------------
|
----------------
|
|
PROFIT/(LOSS)
AFTER TAXATION
|
<7,118,738>
|
<220,223>
|
|
|
----------------
|
----------------
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD
|
|
|
|
As previously
reported
|
<220,223>
|
-
|
|
|
----------------
|
----------------
|
|
As restated
|
<220,223>
|
-
|
|
|
----------------
|
----------------
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS
|
<7,338,961>
|
<220,223>
|
|
|
----------------
|
----------------
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD
|
<7,338,961>
|
<220,223>
|
|
|
=============
|
=============
|
|
|
|
|
|
EVONIK
METHIONINE SEA PTE. LTD.
|
|
ASSETS
EMPLOYED:
|
|
|
|
FIXED ASSETS
|
163,915,271
|
30,602,428
|
|
|
|
|
|
INTANGIBLE
ASSETS
|
|
|
|
Others
|
8,395
|
-
|
|
|
----------------
|
----------------
|
|
TOTAL
INTANGIBLE ASSETS
|
8,395
|
-
|
|
|
----------------
|
----------------
|
|
TOTAL LONG
TERM ASSETS
|
163,923,666
|
30,602,428
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
Other debtors,
deposits & prepayments
|
2,431,083
|
121,980
|
|
Cash &
bank balances
|
56,910,100
|
7,602,160
|
|
|
----------------
|
----------------
|
|
TOTAL CURRENT
ASSETS
|
59,341,183
|
7,724,140
|
|
|
----------------
|
----------------
|
|
TOTAL ASSET
|
223,264,849
|
38,326,568
|
|
|
=============
|
=============
|
|
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
Other
creditors & accruals
|
24,879,121
|
36,750
|
|
Amounts owing
to holding company
|
172,011
|
440,321
|
|
Amounts owing
to related companies
|
3,782,752
|
-
|
|
Other
liabilities
|
626,166
|
276,121
|
|
|
----------------
|
----------------
|
|
TOTAL CURRENT
LIABILITIES
|
29,460,050
|
753,192
|
|
|
----------------
|
----------------
|
|
NET CURRENT
ASSETS/(LIABILITIES)
|
29,881,133
|
6,970,948
|
|
|
----------------
|
----------------
|
|
TOTAL NET
ASSETS
|
193,804,799
|
37,573,376
|
|
|
=============
|
=============
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
|
Ordinary share
capital
|
201,000,000
|
38,000,000
|
|
|
----------------
|
----------------
|
|
TOTAL SHARE
CAPITAL
|
201,000,000
|
38,000,000
|
|
|
|
|
|
RESERVES
|
|
|
|
Retained
profit/(loss) carried forward
|
<7,338,961>
|
<220,223>
|
|
Others
|
<955,037>
|
<480,044>
|
|
|
----------------
|
----------------
|
|
TOTAL RESERVES
|
<8,293,998>
|
<700,267>
|
|
|
|
|
|
|
----------------
|
----------------
|
|
SHAREHOLDERS'
FUNDS/EQUITY
|
192,706,002
|
37,299,733
|
|
|
|
|
|
LONG TERM
LIABILITIES
|
|
|
|
Others
|
1,098,797
|
273,643
|
|
|
----------------
|
----------------
|
|
TOTAL LONG
TERM LIABILITIES
|
1,098,797
|
273,643
|
|
|
----------------
|
----------------
|
|
|
193,804,799
|
37,573,376
|
|
|
=============
|
=============
|
|
EVONIK METHIONINE
SEA PTE. LTD.
|
|
TYPES OF FUNDS
|
|
|
|
Cash
|
56,910,100
|
7,602,160
|
|
Net Liquid
Funds
|
56,910,100
|
7,602,160
|
|
Net Liquid
Assets
|
29,881,133
|
6,970,948
|
|
Net Current
Assets/(Liabilities)
|
29,881,133
|
6,970,948
|
|
Net Tangible
Assets
|
193,796,404
|
37,573,376
|
|
Net Monetary
Assets
|
28,782,336
|
6,697,305
|
|
BALANCE SHEET
ITEMS
|
|
|
|
Total
Borrowings
|
0
|
0
|
|
Total
Liabilities
|
30,558,847
|
1,026,835
|
|
Total Assets
|
223,264,849
|
38,326,568
|
|
Net Assets
|
193,804,799
|
37,573,376
|
|
Net Assets
Backing
|
192,706,002
|
37,299,733
|
|
Shareholders'
Funds
|
192,706,002
|
37,299,733
|
|
Total Share
Capital
|
201,000,000
|
38,000,000
|
|
Total Reserves
|
<8,293,998>
|
<700,267>
|
|
LIQUIDITY
(Times)
|
|
|
|
Cash Ratio
|
1.93
|
10.09
|
|
Liquid Ratio
|
2.01
|
10.26
|
|
Current Ratio
|
2.01
|
10.26
|
|
WORKING
CAPITAL CONTROL (Days)
|
|
|
|
Stock Ratio
|
0
|
0
|
|
Debtors Ratio
|
0
|
0
|
|
Creditors
Ratio
|
0
|
0
|
|
SOLVENCY
RATIOS (Times)
|
|
|
|
Gearing Ratio
|
0.00
|
0.00
|
|
Liabilities
Ratio
|
0.16
|
0.03
|
|
Times Interest
Earned Ratio
|
0.00
|
0.00
|
|
Assets Backing
Ratio
|
0.96
|
0.99
|
|
PERFORMANCE
RATIO (%)
|
|
|
|
Operating
Profit Margin
|
0.00
|
0.00
|
|
Net Profit Margin
|
0.00
|
0.00
|
|
Return On Net
Assets
|
<3.67>
|
<0.59>
|
|
Return On
Capital Employed
|
<3.67>
|
<0.59>
|
|
Return On
Shareholders' Funds/Equity
|
<3.69>
|
<0.59>
|
|
Dividend Pay
Out Ratio (Times)
|
0.00
|
0.00
|
|
NOTES TO
ACCOUNTS
|
|
|
|
Contingent
Liabilities
|
0
|
0
|
|