|
Report Date : |
14.02.2014 |
IDENTIFICATION DETAILS
|
Correct Name : |
CELLMARK CHEMICALS SINGAPORE
PTE. LTD. |
|
|
|
|
Formerly Known As : |
ALCAN INTERNATIONAL NETWORK SINGAPORE PTE. LTD. |
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Registered Office : |
271, Bukit Timah Road, 03-13, Balmoral Plaza, 259708 |
|
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|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
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|
Date of Incorporation : |
04.01.2008 |
|
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Com. Reg. No.: |
200800383-E |
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Legal Form : |
Private Limited |
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Line of Business : |
Wholesale of basic industrial chemicals |
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|
No. of Employees : |
Not available |
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 |
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|
|
|
Payment Behaviour : |
Slow |
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|
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 – December 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
|
HISTORY / BACKGROUND
The Subject
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 Subject
must have at least two directors. A private limited company is a separate
legal entity from its shareholders. As a separate legal entity, the Subject
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 Subject is insolvent. The Subject 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
Subject is principally engaged in the (as a / as an) wholesale of basic
industrial chemicals. The
immediate holding company of the Subject is ANDORRA HOLDING AB, a company
incorporated in SWEDEN. The
ultimate holding company of the Subject is CELLMARK INVESTMENT AB, a company
incorporated in SWEDEN. Share
Capital History
The major shareholder(s) of the Subject are shown as
follows :
+
Also Director The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
DIRECTORS
DIRECTOR 1
DIRECTOR 2
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1) |
Name of Subject |
: |
YU JIE |
|
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
HENG LEE SENG LLP |
|
Auditor' Address |
: |
N/A |
|
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|
1) |
Company Secretary |
: |
SEE YONG BENG |
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IC / PP No |
: |
S1173701C |
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Address |
: |
112, ANG MO KIO, AVENUE 4, 07-325, 560112, SINGAPORE. |
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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 Subject 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 |
: |
YES |
|
Overseas |
: |
YES |
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|
|
|
The Subject 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 |
[ |
|
] |
|
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Fair 91-120 Days |
[ |
X |
] |
|
Poor >120 Days |
[ |
|
] |
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|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
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Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
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Payment Mode |
: |
CHEQUES |
|||
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Goods Traded |
: |
BASIC INDUSTRIAL CHEMICALS
|
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|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) wholesale of basic
industrial chemicals.
The Subject sells industrial chemicals.
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-66031288 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
271, BUKIT TIMAH ROAD, 03-13, BALMORAL PLAZA, SINGAPORE
- 259708 |
|
Current Address |
: |
271, BUKIT TIMAH ROAD, 03-13, BALMORAL PLAZA, 259708,
SINGAPORE. |
|
Match |
: |
YES |
|
|
|
|
Other Investigations
On 13th February 2014 we contacted one of the staff form the Subject and she
provided some information.
The Subject refused to disclose its number of employees.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Decreased |
[ |
87.73% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
(37.19%) |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
39.63% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
38.29% |
] |
|
|
|
|
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|
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|
|
|
The shrinking turnover could be the result of more
entrants into the market which eroded the Subject's market share.The
Subject could be more efficient in controlling its operating costs and had
managed to reduce its losses during the year. Although the Subject's
returns showed positive figures it is not reflective of the true situation.
The Subject 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 Subject's management
was inefficient in utilising the assets to generate returns. |
||||||
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Working Capital Control |
|
|
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|
|
|
|
Stock Ratio |
: |
Favourable |
[ |
28
Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
81
Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
92
Days |
] |
|
|
|
|
|
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|
The Subject's stocks were moving fast thus reducing its
holding cost. This had reduced funds being tied up in stocks. The high debtors'
ratio could indicate that the Subject was weak in its credit control.
However, the Subject could also giving longer credit periods to its
customers in order to boost its sales or to capture / retain its market
share. The unfavourable creditors' ratio could be due to the Subject taking
advantage of the credit granted by its suppliers. However this may affect
the goodwill between the Subject and its suppliers and the Subject may
inadvertently have to pay more for its future supplies. |
||||||
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Liquidity |
|
|
|
|
|
|
|
Liquid Ratio |
: |
Unfavourable |
[ |
0.16
Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.19
Times |
] |
|
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|
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|
A low liquid ratio means that the Subject may be facing working
capital deficiency. If the Subject cannot obtain additional financing or
injection of fresh capital, it may face difficulties in meeting its short
term obligations. |
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Solvency |
|
|
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|
|
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Interest Cover |
: |
Unfavourable |
[ |
(28.60
Times) |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00
Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject incurred losses in the year. It did not
generate sufficient income to service its interest. If the situation does
not improve, the Subject may be vulnerable to default in servicing the
interest. The Subject had no gearing and hence it had virtually no
financial risk. The Subject was financed by its shareholders' funds and
internally generated fund. During the economic downturn, the Subject,
having a zero gearing, will be able to compete better than those which are
highly geared in the same industry. |
||||||
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment : |
|
|
|
|
|
|
|
Although the Subject's turnover decreased, its losses
also decreased during the year. This could be the result of more efficient
control in its operating costs. Due to its weak liquidity position, the
Subject will be faced with problems in meeting all its short term
obligations if no short term loan is obtained or additional capital
injected into the Subject. The Subject'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 Subject was a zero gearing
company, it was solely dependant on its shareholders to provide funds to finance
its business. The Subject has good chance of getting loans, if the needs
arises. |
||||||
|
|
|
|
|
|
|
|
|
Overall financial condition of the Subject : 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
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
CELLMARK
CHEMICALS SINGAPORE PTE. LTD. |
|
Financial Year End |
2012-12-31 |
2011-12-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
|
|
|
|
|
TURNOVER |
1,652,681 |
13,467,664 |
|
Other Income |
362,941 |
557,492 |
|
|
---------------- |
---------------- |
|
Total Turnover |
2,015,622 |
14,025,156 |
|
Costs of Goods Sold |
(1,359,982) |
(12,911,514) |
|
|
---------------- |
---------------- |
|
Gross Profit |
655,640 |
1,113,642 |
|
|
---------------- |
---------------- |
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(1,068,566) |
(1,701,231) |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
(1,068,566) |
(1,701,231) |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
(1,068,566) |
(1,701,231) |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
As previously reported |
(2,085,444) |
(384,213) |
|
|
---------------- |
---------------- |
|
As restated |
(2,085,444) |
(384,213) |
|
|
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(3,154,010) |
(2,085,444) |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(3,154,010) |
(2,085,444) |
|
|
============= |
============= |
|
|
|
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
|
Term loan / Borrowing |
36,100 |
99,180 |
|
|
---------------- |
---------------- |
|
|
36,100 |
99,180 |
|
|
============= |
============= |
|
CELLMARK
CHEMICALS SINGAPORE PTE. LTD. |
|
ASSETS EMPLOYED: |
|
|
|
FIXED ASSETS |
41,020 |
32,670 |
|
|
|
|
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|
|
|
Subsidiary companies |
356,848 |
356,848 |
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
356,848 |
356,848 |
|
|
|
|
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
397,868 |
389,518 |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
Stocks |
125,266 |
143,765 |
|
Trade debtors |
367,677 |
286,196 |
|
Other debtors, deposits & prepayments |
4,166 |
166,174 |
|
Amount due from related companies |
11,761 |
1,610 |
|
Cash & bank balances |
215,133 |
590,580 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
724,003 |
1,188,325 |
|
|
---------------- |
---------------- |
|
TOTAL ASSET |
1,121,871 |
1,577,843 |
|
|
============= |
============= |
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
Trade creditors |
343,431 |
658,098 |
|
Other creditors & accruals |
3,433,170 |
2,511,006 |
|
Amounts owing to related companies |
41,592 |
31,290 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
3,818,193 |
3,200,394 |
|
|
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
(3,094,190) |
(2,012,069) |
|
|
---------------- |
---------------- |
|
TOTAL NET ASSETS |
(2,696,322) |
(1,622,551) |
|
|
============= |
============= |
|
|
|
|
|
SHARE CAPITAL |
|
|
|
Ordinary share capital |
462,893 |
462,893 |
|
|
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
462,893 |
462,893 |
|
|
|
|
|
RESERVES |
|
|
|
Exchange equalisation/fluctuation reserve |
(5,205) |
- |
|
Retained profit/(loss) carried forward |
(3,154,010) |
(2,085,444) |
|
|
---------------- |
---------------- |
|
TOTAL RESERVES |
(3,159,215) |
(2,085,444) |
|
|
|
|
|
|
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
(2,696,322) |
(1,622,551) |
|
|
|
|
|
|
---------------- |
---------------- |
|
|
(2,696,322) |
(1,622,551) |
|
|
============= |
============= |
|
|
|
|
|
CELLMARK
CHEMICALS SINGAPORE PTE. LTD. |
|
TYPES OF FUNDS |
|
|
|
Cash |
215,133 |
590,580 |
|
Net Liquid Funds |
215,133 |
590,580 |
|
Net Liquid Assets |
(3,219,456) |
(2,155,834) |
|
Net Current Assets/(Liabilities) |
(3,094,190) |
(2,012,069) |
|
Net Tangible Assets |
(2,696,322) |
(1,622,551) |
|
Net Monetary Assets |
(3,219,456) |
(2,155,834) |
|
BALANCE SHEET ITEMS |
|
|
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
3,818,193 |
3,200,394 |
|
Total Assets |
1,121,871 |
1,577,843 |
|
Net Assets |
(2,696,322) |
(1,622,551) |
|
Net Assets Backing |
(2,696,322) |
(1,622,551) |
|
Shareholders' Funds |
(2,696,322) |
(1,622,551) |
|
Total Share Capital |
462,893 |
462,893 |
|
Total Reserves |
(3,159,215) |
(2,085,444) |
|
LIQUIDITY (Times) |
|
|
|
Cash Ratio |
0.06 |
0.18 |
|
Liquid Ratio |
0.16 |
0.33 |
|
Current Ratio |
0.19 |
0.37 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
|
Stock Ratio |
28 |
4 |
|
Debtors Ratio |
81 |
8 |
|
Creditors Ratio |
92 |
19 |
|
SOLVENCY RATIOS (Times) |
|
|
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
(1.42) |
(1.97) |
|
Times Interest Earned Ratio |
(28.60) |
(16.15) |
|
Assets Backing Ratio |
(5.82) |
(3.51) |
|
PERFORMANCE RATIO (%) |
|
|
|
Operating Profit Margin |
(64.66) |
(12.63) |
|
Net Profit Margin |
(64.66) |
(12.63) |
|
Return On Net Assets |
38.29 |
98.74 |
|
Return On Capital Employed |
38.29 |
98.74 |
|
Return On Shareholders' Funds/Equity |
39.63 |
104.85 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
|
NOTES TO ACCOUNTS |
|
|
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.27 |
|
|
1 |
Rs.103.46 |
|
Euro |
1 |
Rs.84.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.