|
Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
PETER CREMER
(SINGAPORE) GMBH |
|
|
|
|
Formerly Known As : |
WESTFALISCH-LIPPISCHES LAGERHAUS PETER CREMER GMBH |
|
|
|
|
Registered Office : |
19, Keppel Road, 11-07, Jit Poh Building, 089058 |
|
|
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|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
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|
Date of Incorporation : |
24.12.1997 |
|
|
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|
Com. Reg. No.: |
S97FC5457-G |
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|
Legal Form : |
Foreign |
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Line of Business : |
Trading of Oleochemicals |
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|
|
No. of Employees |
37 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
|
HISTORY / BACKGROUNDThe Subject is
principally engaged in the (as a / as an) trading of oleochemicals. The immediate
and ultimate holding company of the Subject is PETER CREMER HOLDING GMBH
& CO. KG, a company incorporated in GERMANY. Share Capital
History
No shareholders
was found in our databank at the time of investigation The Subject's interest in other companies (Subsidiaries/Associates) are
shown as follow :
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1) |
Name of Subject |
: |
MICHELLE |
|
|
Position |
: |
STAFF |
No Auditor found in our databank
|
1) |
Company Secretary |
: |
MICHAEL JESTER |
|
|
IC / PP No |
: |
F2149169K |
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Address |
: |
161, HILLCREST ROAD, HILLCREST PARK, 289031, SINGAPORE. |
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|
Remarks |
: |
AGENT |
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2) |
Company Secretary |
: |
CHEAM RUYEN |
|
|
IC / PP No |
: |
S6915073Z |
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Address |
: |
68, BEDOK SOUTH AVENUE 3, 15-516, 460068, SINGAPORE. |
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|
Remarks |
: |
AGENT |
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 |
: |
N/A |
|
Overseas |
: |
N/A |
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|
|
The Subject refused to disclose its suppliers.
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 |
[ |
X |
] |
|
Good 31-60 Days |
[ |
|
] |
|
Average 61-90 Days |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
|
] |
|
|
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|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
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Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
AS AGREED |
|||
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Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
OLEOCHEMICALS
|
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|
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|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
2012 |
|
||||||
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|
|||||||||
|
GROUP |
N/A |
N/A |
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|
|
|
COMPANY |
37 |
35 |
|
|
|
|
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|
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Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of
oleochemicals.
Through its subsidiary in Singapore, Peter Cremer (Singapore) GmbH acts as
the head office of CREMER for Asia.
Certified under the Global Traders Programme of the Singapore authorities,
the company benefits from the fully developed infrastructure of the financial
service providers in this location, from highly motivated and well-trained
employees as well as from the good legal security in Singapore.
The Subject manages the sourcing, storage, and shipping of raw and primary
products for the oleochemicals business both for other companies of CREMER
and for external customers.
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
0752-403153 |
|
Current Telephone Number |
: |
65-62257890/62211181 |
|
Match |
: |
NO |
|
|
|
|
|
Address Provided by Client |
: |
19, KEPPEL ROAD, # 11-07, JIT POH BUILDING, SINGAPORE 089058 |
|
Current Address |
: |
19, KEPPEL ROAD, 11-07, JIT POH BUILDING, 089058, SINGAPORE. |
|
Match |
: |
YES |
|
|
|
|
Other Investigations
On 12th May 2014 we contacted one of the staff from the Subject and she
provided some information.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Erratic |
[ |
2009 - 2012 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2009 - 2012 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
29.74% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
38.87% |
] |
|
|
|
|
|
|
|
|
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|
The fluctuating turnover reflects the fierce competition among the
existing and new market players.The higher profit could be attributed to
the increase in turnover. The Subject's management had generated acceptable
return for its shareholders using its assets. |
||||||
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Working Capital Control |
|
|
|
|
|
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|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
20 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
22 Days |
] |
|
|
|
|
|
|
|
|
|
|
As the Subject is a service oriented company, the Subject does not
need to keep stocks. 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. |
||||||
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|
|
|
|
|
|
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Liquidity |
|
|
|
|
|
|
|
Liquid Ratio |
: |
Favourable |
[ |
1.33 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.33 Times |
] |
|
|
|
|
|
|
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|
|
A minimum liquid ratio of 1 should be maintained by the Subject in
order to assure its creditors of its ability to meet short term obligations
and the Subject was in a good liquidity position. Thus, we believe the Subject
is able to meet all its short term obligations as and when they fall due. |
||||||
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Solvency |
|
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|
|
|
Interest Cover |
: |
Acceptable |
[ |
5.08 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.70 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's interest cover was slightly low. If there is no sharp
fall in its profit or sudden increase in the interest rates, we believe the
Subject is able to generate sufficient income to service its interest and
repay the loans. The Subject was lowly geared thus it had a low financial
risk. The Subject was mainly financed by its shareholders' funds and
internally generated funds. In times of economic slowdown / downturn, the
Subject being a lowly geared company, will be able to compete better than
those companies which are highly geared in the same industry. |
||||||
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|
|
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|
Overall Assessment : |
|
|
|
|
|
|
|
Although the turnover was erratic, the Subject had maintained a steady
growth in its profit. This indicate the management's efficiency in
controlling its costs and profitability. The Subject was in good liquidity
position with its total current liabilities well covered by its total
current assets. With its current net assets, the Subject should be able to
repay its short term obligations. The Subject had an acceptable interest
cover. If there is no sudden sharp increase in interest rate or fall in the
Subject's profit, we do believe the Subject is able to generate sufficient
cash flow to service its interest payment. The Subject as a lowly geared
company, will be more secured compared to those highly geared companies. It
has the ability to meet all its long term obligations. |
||||||
|
|
|
|
|
|
|
|
|
Overall financial condition of the Subject : STRONG |
||||||
|
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) |
|
|
|
|
|
|
(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. |
|
PETER CREMER
(SINGAPORE) GMBH |
|
Financial Year End |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Months |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
USD |
|
|
|
|
|
|
|
TURNOVER |
786,840,688 |
764,477,810 |
866,161,489 |
947,378,976 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
786,840,688 |
764,477,810 |
866,161,489 |
947,378,976 |
|
Costs of Goods Sold |
(768,896,234) |
(757,202,222) |
(843,519,454) |
(935,497,692) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
Gross Profit |
17,944,454 |
7,275,588 |
22,642,035 |
11,881,284 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
8,106,601 |
1,796,948 |
16,000,358 |
2,281,431 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
8,106,601 |
1,796,948 |
16,000,358 |
2,281,431 |
|
Taxation |
(386,076) |
(112,621) |
(873,732) |
(148,566) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
7,720,525 |
1,684,327 |
15,126,626 |
2,132,865 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
As previously reported |
18,076,048 |
26,281,457 |
11,636,713 |
29,408,906 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
18,076,048 |
26,281,457 |
11,636,713 |
29,408,906 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
25,796,573 |
27,965,784 |
26,763,339 |
31,541,771 |
|
TRANSFER TO RESERVES - General |
165,401 |
(9,889,736) |
(481,882) |
(19,905,058) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
25,961,974 |
18,076,048 |
26,281,457 |
11,636,713 |
|
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
Others |
1,985,907 |
1,927,151 |
1,701,201 |
2,518,378 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,985,907 |
1,927,151 |
1,701,201 |
2,518,378 |
|
|
============= |
============= |
============= |
============= |
|
PETER CREMER (SINGAPORE)
GMBH |
|
ASSETS EMPLOYED: |
|
|
|
|
|
FIXED ASSETS |
378,523 |
411,208 |
432,992 |
622,709 |
|
|
|
|
|
|
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|
|
|
|
|
Subsidiary companies |
153,600 |
153,600 |
153,600 |
100,450 |
|
Associated companies |
- |
- |
- |
234,600 |
|
Deferred assets |
- |
86,065 |
86,174 |
87,212 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
153,600 |
239,665 |
239,774 |
422,262 |
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
532,123 |
650,873 |
672,766 |
1,044,971 |
|
|
|
|
|
|
|
Stocks |
- |
2,001,123 |
- |
- |
|
Trade debtors |
42,214,239 |
65,283,155 |
76,663,817 |
48,313,004 |
|
Other debtors, deposits & prepayments |
29,747,169 |
5,346,999 |
5,390,341 |
4,848,653 |
|
Amount due from holding company |
6,371 |
- |
2,823 |
2,433 |
|
Amount due from subsidiary companies |
3,216,923 |
1,804,135 |
3,420,623 |
1,311,857 |
|
Amount due from related companies |
25,597,385 |
27,632,719 |
30,953,729 |
25,338,643 |
|
Cash & bank balances |
2,503,070 |
9,731,283 |
4,408,079 |
3,381,254 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
103,285,157 |
111,799,414 |
120,839,412 |
83,195,844 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
103,817,280 |
112,450,287 |
121,512,178 |
84,240,815 |
|
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
Trade creditors |
45,520,149 |
19,942,375 |
60,580,701 |
39,053,827 |
|
Other creditors & accruals |
11,494,721 |
26,428,969 |
11,333,507 |
9,031,586 |
|
Bank overdraft |
- |
28,968 |
651,141 |
- |
|
Short term borrowings/Term loans |
940,000 |
9,510,000 |
6,424,000 |
1,134,000 |
|
Other borrowings |
17,355,207 |
36,457,314 |
- |
2,746,028 |
|
Amounts owing to holding company |
97,843 |
249,996 |
109,126 |
91,799 |
|
Amounts owing to subsidiary companies |
17,583 |
- |
- |
379 |
|
Amounts owing to related companies |
2,101,866 |
1,634,669 |
187,400 |
8,448,734 |
|
Provision for taxation |
324,092 |
121,948 |
819,682 |
222,982 |
|
Other liabilities |
- |
- |
15,125,164 |
11,874,767 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
77,851,461 |
94,374,239 |
95,230,721 |
72,604,102 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
25,433,696 |
17,425,175 |
25,608,691 |
10,591,742 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
25,965,819 |
18,076,048 |
26,281,457 |
11,636,713 |
|
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
Retained profit/(loss) carried forward |
25,961,974 |
18,076,048 |
26,281,457 |
11,636,713 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
25,961,974 |
18,076,048 |
26,281,457 |
11,636,713 |
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
25,961,974 |
18,076,048 |
26,281,457 |
11,636,713 |
|
|
|
|
|
|
|
Deferred taxation |
3,845 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
3,845 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
25,965,819 |
18,076,048 |
26,281,457 |
11,636,713 |
|
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
PETER CREMER
(SINGAPORE) GMBH |
|
TYPES OF FUNDS |
|
|
|
|
|
Cash |
2,503,070 |
9,731,283 |
4,408,079 |
3,381,254 |
|
Net Liquid Funds |
2,503,070 |
9,702,315 |
3,756,938 |
3,381,254 |
|
Net Liquid Assets |
25,433,696 |
15,424,052 |
25,608,691 |
10,591,742 |
|
Net Current Assets/(Liabilities) |
25,433,696 |
17,425,175 |
25,608,691 |
10,591,742 |
|
Net Tangible Assets |
25,965,819 |
18,076,048 |
26,281,457 |
11,636,713 |
|
Net Monetary Assets |
25,429,851 |
15,424,052 |
25,608,691 |
10,591,742 |
|
BALANCE SHEET ITEMS |
|
|
|
|
|
Total Borrowings |
18,295,207 |
45,996,282 |
7,075,141 |
3,880,028 |
|
Total Liabilities |
77,855,306 |
94,374,239 |
95,230,721 |
72,604,102 |
|
Total Assets |
103,817,280 |
112,450,287 |
121,512,178 |
84,240,815 |
|
Net Assets |
25,965,819 |
18,076,048 |
26,281,457 |
11,636,713 |
|
Net Assets Backing |
25,961,974 |
18,076,048 |
26,281,457 |
11,636,713 |
|
Shareholders' Funds |
25,961,974 |
18,076,048 |
26,281,457 |
11,636,713 |
|
Total Share Capital |
0 |
0 |
0 |
0 |
|
Total Reserves |
25,961,974 |
18,076,048 |
26,281,457 |
11,636,713 |
|
LIQUIDITY (Times) |
|
|
|
|
|
Cash Ratio |
0.03 |
0.10 |
0.05 |
0.05 |
|
Liquid Ratio |
1.33 |
1.16 |
1.27 |
1.15 |
|
Current Ratio |
1.33 |
1.18 |
1.27 |
1.15 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
|
|
|
Stock Ratio |
0 |
1 |
0 |
0 |
|
Debtors Ratio |
20 |
31 |
32 |
19 |
|
Creditors Ratio |
22 |
10 |
26 |
15 |
|
SOLVENCY RATIOS (Times) |
|
|
|
|
|
Gearing Ratio |
0.70 |
2.54 |
0.27 |
0.33 |
|
Liabilities Ratio |
3.00 |
5.22 |
3.62 |
6.24 |
|
Times Interest Earned Ratio |
5.08 |
1.93 |
10.41 |
1.91 |
|
Assets Backing Ratio |
- |
- |
- |
- |
|
PERFORMANCE RATIO (%) |
|
|
|
|
|
Operating Profit Margin |
1.03 |
0.24 |
1.85 |
0.24 |
|
Net Profit Margin |
0.98 |
0.22 |
1.75 |
0.23 |
|
Return On Net Assets |
38.87 |
20.60 |
67.35 |
41.25 |
|
Return On Capital Employed |
38.87 |
20.57 |
65.73 |
41.25 |
|
Return On Shareholders' Funds/Equity |
29.74 |
9.32 |
57.56 |
18.33 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
|
NOTES TO ACCOUNTS |
|
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.