|
Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
CBMM ASIA PTE.
LTD. |
|
|
|
|
Registered Office : |
80, Raffles Place, 22-21, Uob Plaza, 048624, |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.12.013 |
|
|
|
|
Date of Incorporation : |
22.11.2007 |
|
|
|
|
Com. Reg. No.: |
200721727-Z |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Wholesale of other specific commodities |
|
|
|
|
No. of Employees |
10 [2014] |
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 – 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. |
: |
200721727-Z |
|
COMPANY NAME |
: |
CBMM ASIA PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
22/11/2007 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
80, RAFFLES PLACE, 22-21, UOB PLAZA, 048624, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
80 RAFFLES PLACE UOB PLAZA 2 #22-21, 048624, SINGAPORE. |
|
TEL.NO. |
: |
65-63030290 |
|
FAX.NO. |
: |
65-63030299 |
|
|
: |
INFO@CBMM.SG |
|
WEB SITE |
: |
WWW.CBMM.SG |
|
CONTACT PERSON |
: |
ANTONIO GILBERTO RIBEIRO DE CASTRO ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
WHOLESALE OF OTHER SPECIFIC COMMODITIES |
|
ISSUED AND PAID UP CAPITAL |
: |
1,450,000.00 ORDINARY SHARE, OF A VALUE OF SGD 1,450,000.00 |
|
SALES |
: |
SGD 312,666,914 [2013] |
|
NET WORTH |
: |
SGD 40,755,556 [2013] |
|
STAFF STRENGTH |
: |
10 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
STABLE |
|
PAYMENT |
: |
AVERAGE |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
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) wholesale of other specific commodities.
The immediate holding company of the Subject is CBMM INTERNATIONAL B.V., a company incorporated in NETHERLANDS.
The ultimate holding company of the Subject is COMPANHIA BRASILEIRA DE METALURGIA E MINERACAO, a company incorporated in BRAZIL.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
20/08/2014 |
SGD 1,450,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
CBMM INTERNATIONAL B.V. |
WTC H-TOWER, ZUIDPLEIN 96, AMSTERDAM, 1077 XV, NETHERLANDS. |
T07UF3673 |
1,450,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
1,450,000.00 |
100.00 |
|||
|
============ |
===== |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
TADEU CARNEIRO |
|
Address |
: |
RUA PHILIPP LOHBAUER, 317, CHACARA FLORA-SAO PAULO/SP 04642-060, BRAZIL. |
|
IC / PP No |
: |
FF776283 |
|
Nationality |
: |
BRAZILIAN |
|
Date of Appointment |
: |
22/11/2007 |
DIRECTOR 2
|
Name Of Subject |
: |
ANTONIO GILBERTO RIBEIRO DE CASTRO |
|
Address |
: |
AV. CASSIANO DE PAULA NASCIMENTO, 425 38182132-ARAXA (MG), BRAZIL. |
|
IC / PP No |
: |
FF828610 |
|
Nationality |
: |
BRAZILIAN |
|
Date of Appointment |
: |
11/11/2008 |
DIRECTOR 3
|
Name Of Subject |
: |
EDUARDO AUGUSTO AYROZA |
|
Address |
: |
GALVAO RIBEIRO RUA ARAGUARI, 449-APTO, 191-MOEMA-SAO PAULO/SP, BRAZIL. |
|
IC / PP No |
: |
FF173009 |
|
Nationality |
: |
BRAZILIAN |
|
Date of Appointment |
: |
22/11/2007 |
DIRECTOR 4
|
Name Of Subject |
: |
TAY TUAN LENG |
|
Address |
: |
635, PASIR RIS DRIVE 1, 11-600, 510635, SINGAPORE. |
|
IC / PP No |
: |
S7432140B |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/06/2014 |
DIRECTOR 5
|
Name Of Subject |
: |
FERNANDA REDA FENGA VIANA KLAMAS |
|
Address |
: |
AVENIDA DAS NACOES UNIDAS, 12901-TORRE OESTE-BROOKLIN NOVO, 04578-910, SAO PAULO-SP, 23O FLOOR, BRAZIL. |
|
IC / PP No |
: |
FB542850 |
|
Nationality |
: |
BRAZILIAN |
|
Date of Appointment |
: |
01/08/2014 |
|
1) |
Name of Subject |
: |
ANTONIO GILBERTO RIBEIRO DE CASTRO |
|
Position |
: |
DIRECTOR |
|
|
Auditor |
: |
PRICEWATERHOUSECOOPERS LLP |
|
Auditor' Address |
: |
N/A |
|
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
NOR HAFIZA ALWI |
|
IC / PP No |
: |
S1788401G |
|
|
Address |
: |
2, GHIM MOH ROAD, 07-318, 270002, SINGAPORE. |
|
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 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 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 |
[ |
] |
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 |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
COMMODITIES |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
10 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) wholesale of other
specific commodities.
The Subject provides a complete line of high quality niobium products.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-63030290 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
80, RAFFLES PLACE 22-21, UOB PLAZA 2, SINGAPORE 048624 |
|
Current Address |
: |
80 RAFFLES PLACE UOB PLAZA 2 #22-21, 048624, SINGAPORE. |
|
Match |
: |
YES |
Other Investigations
we contacted one of the staff from the Subject and she provided some
information.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
18.67% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
39.69% |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
19.53% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
23.26% |
] |
|
|
The lower turnover could be due to the intense market competition.The Subject's profit fell sharply because of the high operating costs incurred. The Subject's management had generated acceptable return for its shareholders using its assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Unfavourable |
[ |
75 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
13 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
108 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 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 |
: |
Unfavourable |
[ |
0.72 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.47 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 |
: |
Favourable |
[ |
187.74 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The interest cover showed that the Subject was able to service the interest. The favourable interest cover could indicate that the Subject was making enough profit to pay for the interest accrued. 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 Subject's performance deteriorated over the years with lower turnover and profit. 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. With the favourable interest cover, the Subject could be able to service all the accrued interest without facing any difficulties. 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 : STABLE |
||||||
|
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
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE
WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
CBMM ASIA PTE. LTD. |
|
Financial Year End |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
SGD |
SGD |
|
TURNOVER |
312,666,914 |
384,445,959 |
|
---------------- |
---------------- |
|
|
Total Turnover |
312,666,914 |
384,445,959 |
|
Costs of Goods Sold |
(283,375,738) |
(345,922,050) |
|
---------------- |
---------------- |
|
|
Gross Profit |
29,291,176 |
38,523,909 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
9,430,152 |
15,637,050 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
9,430,152 |
15,637,050 |
|
Taxation |
(1,471,795) |
(2,394,735) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
7,958,357 |
13,242,315 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
43,759,184 |
30,516,869 |
|
---------------- |
---------------- |
|
|
As restated |
43,759,184 |
30,516,869 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
51,717,541 |
43,759,184 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
51,717,541 |
43,759,184 |
|
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||
|
Others |
50,499 |
64,043 |
|
---------------- |
---------------- |
|
|
50,499 |
64,043 |
|
|
============= |
============= |
|
BALANCE SHEET |
|
CBMM ASIA PTE. LTD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
51,231 |
85,329 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
51,231 |
85,329 |
|
Stocks |
64,479,322 |
118,690,667 |
|
Trade debtors |
11,022,868 |
5,690,494 |
|
Other debtors, deposits & prepayments |
142,997 |
146,561 |
|
Amount due from related companies |
20,878,907 |
28,997,532 |
|
Cash & bank balances |
30,566,723 |
28,826,968 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
127,090,817 |
182,352,222 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
127,142,048 |
182,437,551 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
Trade creditors |
83,945,274 |
142,604,339 |
|
Other creditors & accruals |
1,000,905 |
540,104 |
|
Provision for taxation |
1,440,313 |
2,346,934 |
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
86,386,492 |
145,491,377 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
40,704,325 |
36,860,845 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
40,755,556 |
36,946,174 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
1,450,000 |
1,450,000 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,450,000 |
1,450,000 |
|
Exchange equalisation/fluctuation reserve |
(12,411,985) |
(8,263,010) |
|
Retained profit/(loss) carried forward |
51,717,541 |
43,759,184 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
39,305,556 |
35,496,174 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
40,755,556 |
36,946,174 |
|
---------------- |
---------------- |
|
|
40,755,556 |
36,946,174 |
|
|
============= |
============= |
|
|
FINANCIAL RATIO |
|
CBMM ASIA PTE. LTD. |
|
TYPES OF FUNDS |
||
|
Cash |
30,566,723 |
28,826,968 |
|
Net Liquid Funds |
30,566,723 |
28,826,968 |
|
Net Liquid Assets |
(23,774,997) |
(81,829,822) |
|
Net Current Assets/(Liabilities) |
40,704,325 |
36,860,845 |
|
Net Tangible Assets |
40,755,556 |
36,946,174 |
|
Net Monetary Assets |
(23,774,997) |
(81,829,822) |
|
BALANCE SHEET ITEMS |
||
|
Total Borrowings |
0 |
0 |
|
Total Liabilities |
86,386,492 |
145,491,377 |
|
Total Assets |
127,142,048 |
182,437,551 |
|
Net Assets |
40,755,556 |
36,946,174 |
|
Net Assets Backing |
40,755,556 |
36,946,174 |
|
Shareholders' Funds |
40,755,556 |
36,946,174 |
|
Total Share Capital |
1,450,000 |
1,450,000 |
|
Total Reserves |
39,305,556 |
35,496,174 |
|
LIQUIDITY (Times) |
||
|
Cash Ratio |
0.35 |
0.20 |
|
Liquid Ratio |
0.72 |
0.44 |
|
Current Ratio |
1.47 |
1.25 |
|
WORKING CAPITAL CONTROL (Days) |
||
|
Stock Ratio |
75 |
113 |
|
Debtors Ratio |
13 |
5 |
|
Creditors Ratio |
108 |
150 |
|
SOLVENCY RATIOS (Times) |
||
|
Gearing Ratio |
0.00 |
0.00 |
|
Liabilities Ratio |
2.12 |
3.94 |
|
Times Interest Earned Ratio |
187.74 |
245.16 |
|
Assets Backing Ratio |
28.11 |
25.48 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
3.02 |
4.07 |
|
Net Profit Margin |
2.55 |
3.44 |
|
Return On Net Assets |
23.26 |
42.50 |
|
Return On Capital Employed |
23.26 |
42.50 |
|
Return On Shareholders' Funds/Equity |
19.53 |
35.84 |
|
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.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.