|
Report Date : |
17.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
PFIZER CENTRESOURCE ASIA PACIFIC PTE. LTD. |
|
|
|
|
Formerly Known As : |
PHARMACIA SINGAPORE PTE LTD (07/11/2008) PHARMACIA & UPJOHN PTE LTD (18/10/2000) |
|
|
|
|
Registered Office : |
31, Tuas South Avenue 6, 637578 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.11.2012 |
|
|
|
|
Date of Incorporation : |
09.03.1991 |
|
|
|
|
Com. Reg. No.: |
199101021-Z |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trader of pharmaceutical products |
|
|
|
|
No of Employees : |
6 [2014] |
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 : |
Slow But Correct |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to in 2011-13, 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. 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 |
EXECUTIVE
SUMMARY
|
|
|
|
REGISTRATION NO. |
: |
199101021-Z |
|
COMPANY NAME |
: |
PFIZER
CENTRESOURCE ASIA PACIFIC PTE. LTD. |
|
FORMER NAME |
: |
PHARMACIA SINGAPORE PTE LTD (07/11/2008) |
|
INCORPORATION DATE |
: |
09/03/1991 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
31, TUAS SOUTH AVENUE 6, 637578,
SINGAPORE. |
|
BUSINESS ADDRESS |
: |
31, TUAS SOUTH AVENUE 6, 637578, SINGAPORE. |
|
TEL.NO. |
: |
65-64190248 |
|
FAX.NO. |
: |
65-64190022 |
|
WEB SITE |
: |
WWW.PFIZER.COM.SG |
|
CONTACT PERSON |
: |
MICHEAL JOSEPH KOSKO ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF PHARMACEUTICAL PRODUCTS |
|
ISSUED AND PAID UP CAPITAL |
: |
1,720,000.00 ORDINARY SHARE, OF A VALUE OF
SGD 1,720,000.00 |
|
SALES |
: |
USD 6,999,000 [2012] |
|
NET WORTH |
: |
USD 1,267,000 [2012] |
|
STAFF STRENGTH |
: |
6 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
LIMITED |
|
PAYMENT |
: |
AVERAGE |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
GOOD |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
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) trading of pharmaceutical products.
The immediate holding company of the Subject is PHARMACIA & UPJOHN LLC, a company incorporated in UNITED STATES.
The ultimate holding company of the Subject is PFIZER INC., a company incorporated in UNITED STATES.
Share Capital
History
|
Date |
Issue & Paid
Up Capital |
|
21/04/2014 |
SGD 1,720,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
PHARMACIA & UPJOHN LLC |
1209, ORANGE STREET, WLLMINGTON, NEW
CASTLE, DELAWARE, 19801, UNITED STATES. |
T04UF2420 |
1,720,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
1,720,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies (Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
(%) |
As At |
|
MY1000 |
MALAYSIA |
PHARMACIA MALAYSIA SDN. BHD. |
100.00 |
30/11/2012 |
|
201107872H |
SINGAPORE |
PFIZER PARKE DAVIS PTE. LTD. |
100.00 |
30/11/2012 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MICHEAL JOSEPH KOSKO |
|
Address |
: |
8460, BRANDON CIRCLE, MATTAWAN, MICHIGAN, 49071, UNITED STATES. |
|
IC / PP No |
: |
435171184 |
|
Nationality |
: |
AMERICAN |
|
Date of Appointment |
: |
02/12/2008 |
DIRECTOR 2
|
Name Of Subject |
: |
CHNG YIH FEI |
|
Address |
: |
39, AMBER ROAD, 16-26, SEA VIEW, THE, 439947, SINGAPORE. |
|
IC / PP No |
: |
S2563770D |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
02/12/2008 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
MICHEAL JOSEPH KOSKO |
|
Position |
: |
DIRECTOR |
|
|
2) |
Name of Subject |
: |
KERRY |
|
Position |
: |
STAFF |
|
AUDITOR
|
|
Auditor |
: |
KPMG LLP |
|
Auditor' Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
FOO SOON SOO |
|
IC / PP No |
: |
S1310912E |
|
|
Address |
: |
34, SELETAR HILLS DRIVE, SELETAR HILLS ESTATE, 807049, SINGAPORE. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LEGAL
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank against 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.
PAYMENT
RECORD
|
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
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 |
[ |
X |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
PHARMACEUTICAL PRODUCTS |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
6 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of
pharmaceutical products.
The Subject is a leading supplier of steroid products and a pharmaceutical.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-64190248 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
31 TUAS SOUTH AVENUE 6 SINGAPORE 637578 |
|
Current Address |
: |
31, TUAS SOUTH AVENUE 6, 637578,
SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
FINANCIAL
ANALYSIS
|
|
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
4.74% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
(120.83%) |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
20.21% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
6.00% |
] |
|
|
The lower turnover could be due to the unfavourable market conditions.
The management had succeeded in turning the Subject into a profit making company.
The profit could be due to better control of its operating costs and
efficiency in utilising its resources. The Subject's management had generated
acceptable return for its shareholders using its assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Unfavourable |
[ |
76 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
31 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
1 Days |
] |
|
|
The Subject could be incurring higher holding cost. As its capital was
tied up in stocks, it could face liquidity problems. The favourable debtors'
days could be due to the good credit control measures implemented by the
Subject. The Subject had a favourable creditors' ratio where the Subject
could be taking advantage of the cash discounts and also wanting to maintain
goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Unfavourable |
[ |
0.36 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.03 Times |
] |
|
|
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. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
1.49 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was low. If its profits fall or when
interest rate rises, it may not be able to meet all its interest
payment. 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. |
||||||
|
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. If there is a fall
in the Subject's profit or any increase in interest rate, the Subject may not
be able to generate sufficient cash-flow to service its interest. 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 : LIMITED |
||||||
SINGAPORE
ECONOMIC / INDUSTRY OUTLOOK
|
|
|
|
Major Economic
Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|||||
|
Population (Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|||||
|
Unemployment Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|||||
|
Registration of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|||||
|
Registration of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|||||
|
Bankruptcy Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|||||
|
INDUSTRIES ( %
of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|||||
|
Manufacturing * |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food, Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood & Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper & Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing & Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical & Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber & Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery & Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|||||
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport, Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance & Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|||||
|
* Based on Index of Industrial Production
(2011 = 100) |
INDUSTRY
ANALYSIS
|
|
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
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
PFIZER
CENTRESOURCE ASIA PACIFIC PTE. LTD. |
|
Financial Year End |
2012-11-30 |
2011-11-30 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
6,999,000 |
7,347,000 |
|
Other Income |
4,000 |
- |
|
---------------- |
---------------- |
|
|
Total Turnover |
7,003,000 |
7,347,000 |
|
Costs of Goods Sold |
(5,119,000) |
(5,483,000) |
|
---------------- |
---------------- |
|
|
Gross Profit |
1,884,000 |
1,864,000 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
25,000 |
(120,000) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
25,000 |
(120,000) |
|
Taxation |
231,000 |
288,000 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
256,000 |
168,000 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS)
BROUGHT FORWARD |
||
|
As previously reported |
(165,000) |
(333,000) |
|
---------------- |
---------------- |
|
|
As restated |
(165,000) |
(333,000) |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
91,000 |
(165,000) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
91,000 |
(165,000) |
|
============= |
============= |
|
|
INTEREST EXPENSE
(as per notes to P&L) |
||
|
Others |
51,000 |
30,000 |
|
---------------- |
---------------- |
|
|
51,000 |
30,000 |
|
|
============= |
============= |
BALANCE
SHEET
|
|
|
|
PFIZER
CENTRESOURCE ASIA PACIFIC PTE. LTD. |
|
LONG TERM
INVESTMENTS/OTHER ASSETS |
||
|
Subsidiary companies |
8,000 |
8,000 |
|
Deferred assets |
508,000 |
311,000 |
|
Others |
117,000 |
117,000 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
633,000 |
436,000 |
|
Computer software |
563,000 |
384,000 |
|
---------------- |
---------------- |
|
|
TOTAL INTANGIBLE ASSETS |
563,000 |
384,000 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
1,196,000 |
820,000 |
|
Stocks |
1,458,000 |
1,058,000 |
|
Trade debtors |
601,000 |
415,000 |
|
Other debtors, deposits & prepayments |
5,000 |
170,000 |
|
Amount due from related companies |
178,000 |
258,000 |
|
Cash & bank balances |
- |
284,000 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
2,242,000 |
2,185,000 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
3,438,000 |
3,005,000 |
|
============= |
============= |
|
|
CURRENT
LIABILITIES |
||
|
Trade creditors |
12,000 |
138,000 |
|
Other creditors & accruals |
293,000 |
488,000 |
|
Amounts owing to related companies |
1,866,000 |
1,356,000 |
|
Provision for taxation |
- |
12,000 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
2,171,000 |
1,994,000 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
71,000 |
191,000 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
1,267,000 |
1,011,000 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
1,176,000 |
926,000 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,176,000 |
926,000 |
|
Capital reserve |
- |
250,000 |
|
Retained profit/(loss) carried forward |
91,000 |
(165,000) |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
91,000 |
85,000 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
1,267,000 |
1,011,000 |
|
---------------- |
---------------- |
|
|
1,267,000 |
1,011,000 |
|
|
============= |
============= |
|
FINANCIAL
RATIO
|
|
|
|
PFIZER
CENTRESOURCE ASIA PACIFIC PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
0 |
284,000 |
|
Net Liquid Funds |
0 |
284,000 |
|
Net Liquid Assets |
(1,387,000) |
(867,000) |
|
Net Current Assets/(Liabilities) |
71,000 |
191,000 |
|
Net Tangible Assets |
704,000 |
627,000 |
|
Net Monetary Assets |
(1,387,000) |
(867,000) |
|
BALANCE SHEET
ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
2,171,000 |
1,994,000 |
|
Total Assets |
3,438,000 |
3,005,000 |
|
Net Assets |
1,267,000 |
1,011,000 |
|
Net Assets Backing |
1,267,000 |
1,011,000 |
|
Shareholders' Funds |
1,267,000 |
1,011,000 |
|
Total Share Capital |
1,176,000 |
926,000 |
|
Total Reserves |
91,000 |
85,000 |
|
LIQUIDITY
(Times) |
||
|
Cash Ratio |
0.00 |
0.14 |
|
Liquid Ratio |
0.36 |
0.57 |
|
Current Ratio |
1.03 |
1.10 |
|
WORKING CAPITAL
CONTROL (Days) |
||
|
Stock Ratio |
76 |
53 |
|
Debtors Ratio |
31 |
21 |
|
Creditors Ratio |
1 |
9 |
|
SOLVENCY RATIOS
(Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
1.71 |
1.97 |
|
Times Interest Earned Ratio |
1.49 |
(3.00) |
|
Assets Backing Ratio |
0.60 |
0.68 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating Profit Margin |
0.36 |
(1.63) |
|
Net Profit Margin |
3.66 |
2.29 |
|
Return On Net Assets |
6.00 |
(8.90) |
|
Return On Capital Employed |
4.15 |
(6.45) |
|
Return On Shareholders' Funds/Equity |
20.21 |
16.62 |
|
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. 60.00 |
|
|
1 |
Rs. 101.99 |
|
Euro |
1 |
Rs. 81.25 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.