|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
EVERTOP COMMODITIES PTE. LTD. |
|
|
|
|
Registered Office : |
314, TANGLIN ROAD, 01-66, 247977 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
07.10.2011 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Agricultural Commodities |
|
|
|
|
No. of Employees : |
NOT AVILABLE |
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 : |
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 – 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 |
|
REGISTRATION NO. |
: |
201130305-Z |
||||
|
COMPANY NAME |
: |
EVERTOP COMMODITIES PTE. LTD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
07/10/2011 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
314, TANGLIN ROAD, 01-66, 247977, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
318 TANGLIN ROAD #01-66, 247979, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-67360896 |
||||
|
FAX.NO. |
: |
65-67360897 |
||||
|
CONTACT PERSON |
: |
NUTTHAWUT PRAE-ARPORN ( DIRECTOR ) |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF AGRICULTURAL COMMODITIES |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
300,000.00 ORDINARY SHARE, OF A VALUE OF SGD 300,000.00 |
||||
|
SALES |
: |
USD 15,940,738 [2013] |
||||
|
NET WORTH |
: |
USD 254,923 [2013] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
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
agricultural commodities.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
03/10/2014 |
SGD 300,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
EVERTOP INDUSTRIES LIMITED |
P.O.BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, VIRGIN ISLANDS,
BRITISH. |
T11UF4065G |
300,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
300,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
NUTTHAWUT PRAE-ARPORN |
|
Address |
: |
99/23, M.5, SUKSAWAD ROAD, BANGKHRU, PHRAPADAENG, SAMUTPRAKAN, 101130,
THAILAND. |
|
IC / PP No |
: |
N938867 |
|
Nationality |
: |
THAI |
|
Date of Appointment |
: |
07/10/2011 |
DIRECTOR 2
|
Name Of Subject |
: |
SANSANEE PRAE-ARPORN |
|
Address |
: |
99/23, M.5, SUKSAWAD ROAD, BANGKHRU, PHRAPADAENG, SAMUTPRAKAN, 101130,
THAILAND. |
|
IC / PP No |
: |
N939020 |
|
Nationality |
: |
THAI |
|
Date of Appointment |
: |
07/10/2011 |
DIRECTOR 3
|
Name Of Subject |
: |
LILANI VATSAL |
|
Address |
: |
1, JALAN KUALA, 23-01, THE MORNINGSIDE, 239639, SINGAPORE. |
|
IC / PP No |
: |
S2744774J |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
07/10/2011 |
DIRECTOR 4
|
Name Of Subject |
: |
LILANI BHAVNA |
|
Address |
: |
1, JALAN KUALA, 23-01, THE MORNINGSIDE, 239639, SINGAPORE. |
|
IC / PP No |
: |
S2744837B |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
07/10/2011 |
|
1) |
Name of Subject |
: |
NUTTHAWUT PRAE-ARPORN |
|
Position |
: |
DIRECTOR |
|
|
Auditor |
: |
RAFFLES PAC |
|
Auditor' Address |
: |
N/A |
|
1) |
Company Secretary |
: |
SALMIAH BINTE SARPIAI |
|
IC / PP No |
: |
S1794643I |
|
|
Address |
: |
643, HOUGANG AVENUE 8, 10-279, 530643, SINGAPORE. |
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
|
2) |
Name |
: |
UNITED OVERSEAS BANK LIMITED |
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
C201201453 |
07/02/2012 |
N/A |
OVERSEA-CHINESE BANKING CORPORATION LIMITED |
- |
Unsatisfied |
|
C201310023 |
23/07/2013 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C201405674 |
06/06/2014 |
N/A |
ASIA ISLAMIC TRADE FINANCE FUND LTD |
- |
Unsatisfied |
* 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 |
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 |
[ |
X |
] |
Average 61-90 Days |
[ |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
AGRICULTURAL COMMODITIES |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of
agricultural commodities.
The Subject sells commodities such as beans, pulses and others.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
6567360896 |
|
Current Telephone Number |
: |
65-67360896 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
3/8 TANGLIN ROAD UNIT #01-66 SINGAPORE |
|
Current Address |
: |
318 TANGLIN ROAD #01-66, 247979, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
On 7th October 2014 we contacted one of the staff from the Subject and she
provided some information.
The Subject is not aware of the address provided.
The Subject refused to disclose its number of employees.
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
40.89% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
9.83% |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
3.89% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
2.36% |
] |
|
|
The increase in turnover could be due to the Subject adopting an
aggressive marketing strategy.The Subject's management have been efficient in
controlling its operating costs. 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 |
[ |
27 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
10 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. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
1.11 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.11 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 |
: |
Unfavourable |
[ |
(1.28 Times) |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.52 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 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. |
||||||
|
Overall Assessment : |
||||||
|
Generally, the Subject's performance has improved with higher turnover
and profit. 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'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 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 : 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) |
|||||
|
(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 |
|
|
Established in 2011, the Subject is a
Private Limited company, focusing on trading of agricultural commodities. The
Subject has been in business for less than 5 years and it has slowly been
building up contact with its clients while competing in the industry.
However, it has yet to enjoy a stable market shares as it need to compete
many well established players in the same field. Having strong support from
its shareholder has enabled the Subject to remain competitive despite the
challenging business environment. The capital standing of the Subject is SGD
300,000. The Subject may face difficulties to expand its business compared to
other large corporation. |
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE
FINANCIAL REPORTING STANDARDS. |
|
EVERTOP COMMODITIES PTE. LTD. |
|
Financial Year End |
2013-09-30 |
2012-09-30 |
|
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 |
15,940,738 |
11,314,512 |
|
Other Income |
16,731 |
11,866 |
|
---------------- |
---------------- |
|
|
Total Turnover |
15,957,469 |
11,326,378 |
|
Costs of Goods Sold |
(15,590,439) |
(10,968,907) |
|
---------------- |
---------------- |
|
|
Gross Profit |
367,030 |
357,471 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
10,714 |
9,755 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
10,714 |
9,755 |
|
Taxation |
(800) |
(259) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
9,914 |
9,496 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
9,496 |
- |
|
---------------- |
---------------- |
|
|
As restated |
9,496 |
- |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
19,410 |
9,496 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
19,410 |
9,496 |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Others |
(4,698) |
(1,897) |
|
---------------- |
---------------- |
|
|
(4,698) |
(1,897) |
|
|
============= |
============= |
|
|
|
|
|
BALANCE
SHEET
|
|
EVERTOP COMMODITIES PTE. LTD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
4,504 |
8,214 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
4,504 |
8,214 |
|
Trade debtors |
1,183,229 |
1,175,545 |
|
Other debtors, deposits & prepayments |
350,075 |
167,948 |
|
Short term deposits |
602,838 |
301,397 |
|
Amount due from related companies |
140,520 |
33,952 |
|
Cash & bank balances |
345,161 |
534,009 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
2,621,823 |
2,212,851 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
2,626,327 |
2,221,065 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
424,056 |
33,193 |
|
Other creditors & accruals |
70,538 |
263,414 |
|
Short term borrowings/Term loans |
133,200 |
- |
|
Deposits from customers |
127,887 |
62,386 |
|
Amounts owing to director |
1,614,849 |
1,616,804 |
|
Provision for taxation |
874 |
259 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
2,371,404 |
1,976,056 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
250,419 |
236,795 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
254,923 |
245,009 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
235,513 |
235,513 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
235,513 |
235,513 |
|
Retained profit/(loss) carried forward |
19,410 |
9,496 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
19,410 |
9,496 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
254,923 |
245,009 |
|
---------------- |
---------------- |
|
|
254,923 |
245,009 |
|
|
============= |
============= |
|
FINANCIAL
RATIO
|
|
EVERTOP COMMODITIES PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
947,999 |
835,406 |
|
Net Liquid Funds |
947,999 |
835,406 |
|
Net Liquid Assets |
250,419 |
236,795 |
|
Net Current Assets/(Liabilities) |
250,419 |
236,795 |
|
Net Tangible Assets |
254,923 |
245,009 |
|
Net Monetary Assets |
250,419 |
236,795 |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
133,200 |
0 |
|
Total Liabilities |
2,371,404 |
1,976,056 |
|
Total Assets |
2,626,327 |
2,221,065 |
|
Net Assets |
254,923 |
245,009 |
|
Net Assets Backing |
254,923 |
245,009 |
|
Shareholders' Funds |
254,923 |
245,009 |
|
Total Share Capital |
235,513 |
235,513 |
|
Total Reserves |
19,410 |
9,496 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.40 |
0.42 |
|
Liquid Ratio |
1.11 |
1.12 |
|
Current Ratio |
1.11 |
1.12 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
0 |
0 |
|
Debtors Ratio |
27 |
38 |
|
Creditors Ratio |
10 |
1 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.52 |
0.00 |
|
Liabilities Ratio |
9.30 |
8.07 |
|
Times Interest Earned Ratio |
(1.28) |
(4.14) |
|
Assets Backing Ratio |
1.08 |
1.04 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
0.07 |
0.09 |
|
Net Profit Margin |
0.06 |
0.08 |
|
Return On Net Assets |
2.36 |
3.21 |
|
Return On Capital Employed |
2.36 |
3.21 |
|
Return On Shareholders' Funds/Equity |
3.89 |
3.88 |
|
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.61.16 |
|
UK Pound |
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SHG |
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.