|
Report Date : |
08.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SEMPERIT INVESTMENTS ASIA PTE. LTD. |
|
|
|
|
Registered Office : |
4, Battery Road, 25-01, Bank of China Building, 049908 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
05.09.2012 |
|
|
|
|
Com. Reg. No.: |
201221964-N |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Subject is principally engaged in the investment holding. |
|
|
|
|
No of Employees : |
25 [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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. 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. |
: |
201221964-N |
|
COMPANY NAME |
: |
SEMPERIT
INVESTMENTS ASIA PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
05/09/2012 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
4, BATTERY ROAD, 25-01, BANK OF CHINA BUILDING, 049908, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
8, JURONG TOWN HALL ROAD, 12-05/06, THE JTC SUMMIT, 609434, SINGAPORE. |
|
TEL.NO. |
: |
65-62744861 |
|
FAX.NO. |
: |
65-67246977 |
|
WEB SITE |
: |
WWW.SEMPERITGROUP.COM |
|
CONTACT PERSON |
: |
MICHAEL THOMAS FAHNEMANN ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
INVESTMENT HOLDING |
|
ISSUED AND PAID UP CAPITAL |
: |
159,000,000.00 ORDINARY SHARE, OF A VALUE OF EUR 159,000,000.00 |
|
SALES |
: |
USD 15,338,097 [2013] |
|
NET WORTH |
: |
USD 199,093,769 [2013] |
|
STAFF STRENGTH |
: |
25 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
LIMITED |
|
PAYMENT |
: |
POOR |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
N/A |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MARGINAL 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) investment
holding.
The immediate holding company of the Subject is SEMPERIT TECHNISCHE PRODUKTE
GMBH, a company incorporated in AUSTRIA.
Share Capital
History
|
Date |
Issue & Paid Up Capital |
|
19/09/2014 |
EUR 159,000,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
SEMPERIT TECHNISCHE PRODUKTE GMBH |
MODECENTERSTRASSE 22, 1030, VIENNA, AUSTRIA. |
T03UF1385 |
159,000,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
159,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies (Subsidiaries/Associates) are
shown as follow :
Local No |
Country |
Company |
(%) |
As At |
|
CHILE |
SEMPERIT PRODUCTOS TECNICOS SPA |
100.00 |
31/12/2013 |
|
|
86100V |
MALAYSIA |
LATEXX PARTNERS BERHAD |
98.10 |
31/12/2013 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MICHAEL WOLFRAM |
|
Address |
: |
FISCHERSTIEGE 9/18, 1010 VIENNA, AUSTRIA. |
|
IC / PP No |
: |
P7396889 |
|
Nationality |
: |
AUSTRIAN |
|
Date of Appointment |
: |
02/07/2014 |
|
Remark |
: |
ALTERNATE DIRECTOR TO CLEMENS TASCHEE |
DIRECTOR 2
|
Name Of Subject |
: |
MARKUS TROST |
|
Address |
: |
2, MARTIN PLACE 17-05, MARTIN PLACE RESIDENCES, 237988, SINGAPORE. |
|
IC / PP No |
: |
G5411146R |
|
Nationality |
: |
AUSTRIAN |
|
Date of Appointment |
: |
10/10/2013 |
DIRECTOR 3
|
Name Of Subject |
: |
BORIS ILLETSHKO |
|
Address |
: |
SONNENROSENGASSE 11, 2345, BRUNN AM, GEBIRGE, AUSTRIA. |
|
IC / PP No |
: |
J05287768 |
|
Nationality |
: |
AUSTRIAN |
|
Date of Appointment |
: |
27/09/2012 |
|
Remark |
: |
ALTERNATE DIRECTOR TO CLEMENS EICHLER |
DIRECTOR 4
|
Name Of Subject |
: |
CLEMENS TASCHEE |
|
Address |
: |
PIARISTENGASSE 9/3/10, 1080 VIENNA, AUSTRIA. |
|
IC / PP No |
: |
P1380701 |
|
Nationality |
: |
AUSTRIAN |
|
Date of Appointment |
: |
02/07/2014 |
DIRECTOR 5
|
Name Of Subject |
: |
DECLAN GERARD DALY |
|
Address |
: |
ULMENSTRASSE 121, 1140 VIENNA, AUSTRIA. |
|
IC / PP No |
: |
PT6162076 |
|
Nationality |
: |
IRISH |
|
Date of Appointment |
: |
02/07/2014 |
DIRECTOR 6
|
Name Of Subject |
: |
CLEMENS EICHLER |
|
Address |
: |
59, COVE WAY 02-09, SEASCAPE, 098309, SINGAPORE. |
|
IC / PP No |
: |
G5385557T |
|
Nationality |
: |
AUSTRIAN |
|
Date of Appointment |
: |
27/09/2012 |
DIRECTOR 7
|
Name Of Subject |
: |
MR. KNUT UNGER |
|
Address |
: |
98A, LORONG H, TELOK KURAU, 426152, SINGAPORE. |
|
IC / PP No |
: |
S7061659I |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
10/10/2013 |
|
Remark |
: |
ALTERNATE DIRECTOR TO MARKUS TROST |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
MICHAEL THOMAS FAHNEMANN |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
ERNST & YOUND LLP |
|
Auditor' Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
IAN NG FOOK YUN |
|
IC / PP No |
: |
S2565916C |
|
|
Address |
: |
151, CAVENAGH ROAD, 09-161, CAVENAGH COURT, 229628, SINGAPORE. |
|
|
2) |
Company Secretary |
: |
ANNA MARDIANA ALISJAHBANA |
|
IC / PP No |
: |
S2205619J |
|
|
Address |
: |
46, EASTWOOD ROAD, 04-06, LAGUNA 88, 486356, SINGAPORE. |
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK AGAINST SUBJECT
|
* 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.
PAYMENT
RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject is a service provider.
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 |
[ |
] |
||||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
X |
] |
||||||||
CLIENTELE
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its clientele.
OPERATIONS
|
|
Services |
: |
INVESTMENT HOLDING |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
25 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) investment holding.
The Subject refused to disclose its operation.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62744861 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
8, JURONG TOWN HALL ROAD, 12-05/06, THE JTC SUMMIT,609434 SINGAPORE |
|
Current Address |
: |
8, JURONG TOWN HALL ROAD, 12-05/06, THE JTC SUMMIT, 609434, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
On 30th October 2014 we contacted one of the staff from the Subject and she
provided some information.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
(0.00%) |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
(112.80%) |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
0.30% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
0.14% |
] |
|
|
The higher turnover could be attributed to the favourable market condition.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 unfavourable return on
shareholders' funds could indicate that the Subject was inefficient in
utilising its assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
30 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
169 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 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. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
1.13 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.13 Times |
] |
|
|
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. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Acceptable |
[ |
6.62 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 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 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 : |
||||||
|
The higher turnover had helped to reduce the Subject's losses. 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
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 : |
ECONOMY |
|
According to Ministry of Trade and Industry (MTI), the Singapore
economy is expected to grow by 1.0 to 3.0% in 2013 as growth in the global economy
is likely to remain subdued despite macroeconomic conditions stablising in
recent months of 2013. |
|
|
However, the global economic outlook is still clouded with
uncertainties. Notably, concerns remain over the extent of the fiscal cutback
with the budget sequester in the US and potential flareup of the debt crisis
in the Eurozone. Should any of these risks materialise, Singapore's economic
growth could come in lower than expected. |
|
|
Although resilient domestic demand in emerging Asia will provide some
support to global demand, it will not fully mitigate the effects of an
economic slowdown in the advanced economies. Consequently, Singapore's
externally-oriented sectors such as electronics and wholesale trade will
continue to perform poorly, while the financial services sector will be
affected by heightened uncertainties in the external environment.
Nevertheless, there will be some modest support to growth from the biomedical
manufacturing cluster and tourism-related sectors. The former will likely see
increased production of active pharmaceutical ingredients and biologics while
the latter will benefit from rising visitor arrivals from the region. |
|
|
For the whole of 2012, Singapore's GDP growth slowed to 1.3%, from 5.2%
in 2011, mainly due to weakness in the externally-oriented sectors.
Manufacturing sector growth slowed sharply from 7.8% in the year 2011 to
0.1%. The hudge decline was largely due to a rebound in the output of the
biomedical manufacturing and transport engineering clusters, which together
helped to mitigate part of the fall in output in the electronics cluster. By
contrast, the construction sector growth accelerated from 6.3% to 8.2% in
2012, due to the expansion in both public and private building activities. |
|
|
Growth in the services producing industries also moderated to 1.2% in
2012, compared to 4.6% in 2011. This was mainly due to the slowdown in
wholesale and retail trade, accommodation and food services as well as other
services industries. In particular, the wholesale and retail trade sector
contracted by 0.7%, compared to the 1.6% growth in year 2011. The
accommodation and food services as well as other services industries posted
lower gains of 2.8% and 0.1% respectively, compared to 8.2% and 6.3% in 2011.
|
|
|
For the whole of 2012, all sectors, except the wholesale and retail
trade, contributed to growth. Business services was the largest contributor
with 0.4 percentage-points, followed by construction with 0.3 percentage-points
and transportation and storage at 0.2 percentagepoints. Besides, growth in
total demand moderated to 2.4%, compared to 4.2% in 2011. Domestic demand was
the key contributor to total demand growth, accounting for 2.2
percentage-points, or over 90 per cent, of the increase. |
|
|
In 2012, total domestic demand rose by 9.7%, following the 6.5%
increase in 2011. The growth in total domestic demand was broad-based across
consumption, gross fixed capital formation (GFCF) and changes in inventories.
The total consumption expenditure in 2012 grew slightly by 0.9%, easing from
the 3.7% growth in 2011. Public consumption expenditure fell by 3.6%,
reversing the 0.5% growth in 2011. Private consumption expenditure registered
a 2.2% gain, moderating from the 4.6% increase in the preceding year. |
|
|
Overall, the Singapore economy is expected to grow by 1.0 to 3.0% in
2013. |
|
|
OVERALL INDUSTRY
OUTLOOK : MARGINAL GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
SEMPERIT INVESTMENTS ASIA PTE. LTD. |
|
Financial Year End |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
4 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
USD |
USD |
|
TURNOVER |
15,338,097 |
- |
|
Other Income |
3,040,406 |
129,572 |
|
---------------- |
---------------- |
|
|
Total Turnover |
18,378,503 |
129,572 |
|
Costs of Goods Sold |
(15,243,769) |
- |
|
---------------- |
---------------- |
|
|
Gross Profit |
3,134,734 |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
236,636 |
(1,848,001) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
236,636 |
(1,848,001) |
|
Taxation |
364,000 |
- |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
600,636 |
(1,848,001) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
(1,848,001) |
- |
|
---------------- |
---------------- |
|
|
As restated |
(1,848,001) |
- |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(1,247,365) |
(1,848,001) |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(1,247,365) |
(1,848,001) |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Others |
42,130 |
1,457,098 |
|
---------------- |
---------------- |
|
|
42,130 |
1,457,098 |
BALANCE
SHEET
|
|
SEMPERIT INVESTMENTS ASIA PTE. LTD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
731,982 |
- |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
||
|
Subsidiary companies |
200,874,183 |
172,913,710 |
|
Deferred assets |
364,000 |
- |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
201,238,183 |
172,913,710 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
201,970,165 |
172,913,710 |
|
Trade debtors |
1,278,723 |
- |
|
Other debtors, deposits & prepayments |
86,566 |
- |
|
Amount due from holding company |
690,076 |
- |
|
Amount due from subsidiary companies |
5,532,236 |
- |
|
Amount due from related companies |
19,335 |
7,481 |
|
Cash & bank balances |
3,363,347 |
6,826,214 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
10,970,283 |
6,833,695 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
212,940,448 |
179,747,405 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
7,037,968 |
- |
|
Other creditors & accruals |
646,073 |
78,562 |
|
Amounts owing to holding company |
240,924 |
181,450,814 |
|
Amounts owing to subsidiary companies |
1,786,520 |
- |
|
Amounts owing to related companies |
2,677 |
- |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
9,714,162 |
181,529,376 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
1,256,121 |
(174,695,681) |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
203,226,286 |
(1,781,971) |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
200,341,134 |
66,030 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
200,341,134 |
66,030 |
|
Retained profit/(loss) carried forward |
(1,247,365) |
(1,848,001) |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(1,247,365) |
(1,848,001) |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
199,093,769 |
(1,781,971) |
|
Others |
4,132,517 |
- |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
4,132,517 |
- |
|
---------------- |
---------------- |
|
|
203,226,286 |
(1,781,971) |
|
|
============= |
============= |
|
FINANCIAL
RATIO
|
|
SEMPERIT INVESTMENTS ASIA PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
3,363,347 |
6,826,214 |
|
Net Liquid Funds |
3,363,347 |
6,826,214 |
|
Net Liquid Assets |
1,256,121 |
(174,695,681) |
|
Net Current Assets/(Liabilities) |
1,256,121 |
(174,695,681) |
|
Net Tangible Assets |
203,226,286 |
(1,781,971) |
|
Net Monetary Assets |
(2,876,396) |
(174,695,681) |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
13,846,679 |
181,529,376 |
|
Total Assets |
212,940,448 |
179,747,405 |
|
Net Assets |
203,226,286 |
(1,781,971) |
|
Net Assets Backing |
199,093,769 |
(1,781,971) |
|
Shareholders' Funds |
199,093,769 |
(1,781,971) |
|
Total Share Capital |
200,341,134 |
66,030 |
|
Total Reserves |
(1,247,365) |
(1,848,001) |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.35 |
0.04 |
|
Liquid Ratio |
1.13 |
0.04 |
|
Current Ratio |
1.13 |
0.04 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
30 |
0 |
|
Creditors Ratio |
169 |
0 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
0.07 |
(101.87) |
|
Times Interest Earned Ratio |
6.62 |
(0.27) |
|
Assets Backing Ratio |
1.01 |
(26.99) |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
1.54 |
0.00 |
|
Net Profit Margin |
3.92 |
0.00 |
|
Return On Net Assets |
0.14 |
21.94 |
|
Return On Capital Employed |
0.14 |
21.94 |
|
Return On Shareholders' Funds/Equity |
0.30 |
103.71 |
|
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.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.