|
|
REGISTRATION
NO.
|
:
|
200917468-E
|
|
COMPANY NAME
|
:
|
CONTINENTAL
TRADERS PTE. LTD.
|
|
FORMER NAME
|
:
|
CIFC
INTERNATIONAL PTE LTD (26/03/2010)
|
|
INCORPORATION
DATE
|
:
|
18/09/2009
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
PRIVATE
LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
REGISTERED
ADDRESS
|
:
|
60, ROBINSON
ROAD, 11-01, BEA BUILDING, 068589, SINGAPORE.
|
|
BUSINESS
ADDRESS
|
:
|
120 TELOK AYER
STREET, 068589, SINGAPORE.
|
|
TEL.NO.
|
:
|
65-65348607
|
|
FAX.NO.
|
:
|
65-68239342
|
|
CONTACT PERSON
|
:
|
HASAN NAWAZ
RAHIMTULA ( DIRECTOR )
|
|
|
|
|
|
|
|
PRINCIPAL
ACTIVITY
|
:
|
TRADING OF
FERTILIZERS
|
|
|
|
|
ISSUED AND
PAID UP CAPITAL
|
:
|
1,000.00
ORDINARY SHARE, OF A VALUE OF SGD 1,000.00
|
|
|
|
|
SALES
|
:
|
USD
439,448,675 [2013]
|
|
NET WORTH
|
:
|
USD 1,990,217
[2013]
|
|
|
|
|
STAFF STRENGTH
|
:
|
N/A
|
|
BANKER (S)
|
:
|
|
UNITED
OVERSEAS BANK LIMITED
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
FINANCIAL
CONDITION
|
:
|
STRONG
|
|
PAYMENT
|
:
|
PROMPT
|
|
MANAGEMENT
CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
COMMERCIAL
RISK
|
:
|
N/A
|
|
CURRENCY
EXPOSURE
|
:
|
N/A
|
|
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 fertilizers.
The immediate holding company of the
Subject is COMPAGNIE INDO-FRENCAISE DE-COMMERCE PVT LTD, a company
incorporated in INDIA.
Share Capital History
|
Date
|
Issue &
Paid Up Capital
|
|
16/10/2014
|
SGD 1,000.00
|
The major shareholder(s)
of the Subject are shown as follows :
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
COMPAGNIE
INDO-FRENCAISE DE-COMMERCE PVT LTD
|
66-R.P. ROAD,
SECUNDERABAD, HYDERABAD, ANDHRA PRADESH, ANDHR, INDIA.
|
T09UF2338
|
1,000.00
|
100.00
|
|
|
|
---------------
|
------
|
|
|
|
1,000.00
|
100.00
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTOR 1
|
Name Of
Subject
|
:
|
KHANDELWAL
SAMTA
|
|
Address
|
:
|
30, TANAH MERAH
KECHIL ROAD, EAST MEADOWS, 465558, SINGAPORE.
|
|
IC / PP No
|
:
|
S7379330J
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
SINGAPOREAN
|
|
Date of
Appointment
|
:
|
18/09/2009
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of
Subject
|
:
|
HASAN NAWAZ RAHIMTULA
|
|
Address
|
:
|
148, SUNDER
NAGAR, NEW DELHI, 110003, NEW DELHI, INDIA.
|
|
IC / PP No
|
:
|
G6088278
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
INDIAN
|
|
Date of
Appointment
|
:
|
18/09/2009
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject
|
:
|
SYED AJAZUR
RAHMAN
|
|
Address
|
:
|
B-10/7206,
VASANT KUNJ, 110070, NEW DELHI, INDIA.
|
|
IC / PP No
|
:
|
E1500517
|
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
INDIAN
|
|
Date of
Appointment
|
:
|
18/09/2009
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1)
|
Name of
Subject
|
:
|
HASAN NAWAZ
RAHIMTULA
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
Auditor
|
:
|
A2 PRACTICE
|
|
Auditor'
Address
|
:
|
N/A
|
|
|
|
|
|
|
|
1)
|
Company
Secretary
|
:
|
NANCY
JULIA ZEHNDER
|
|
IC
/ PP No
|
:
|
S0240727B
|
|
|
|
|
|
Address
|
:
|
58,
DAKOTA CRESCENT, 02-257, 390058, SINGAPORE.
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
UNITED
OVERSEAS BANK LIMITED
|
|
|
|
|
|
|
|
|
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.
|
SOURCES OF RAW
MATERIALS:
|
|
Local
|
:
|
N/A
|
|
Overseas
|
:
|
N/A
|
|
|
|
The staff from the registered office refused to disclose the Subject's
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
|
[
|
|
]
|
|
|
|
|
|
|
|
Local
|
:
|
N/A
|
|
|
|
|
Overseas
|
:
|
N/A
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The staff from the registered office refused to disclose the Subject's
clientele.
|
Total Number
of Employees:
|
|
YEAR
|
2012
|
|
|
|
|
GROUP
|
N/A
|
|
|
|
|
|
|
|
|
|
COMPANY
|
20
|
|
|
|
|
|
|
|
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of
fertilizers.
The Subject is involve in trading of fertilizers products.
Latest fresh investigations carried out on the Subject indicated that
:
|
Telephone Number
Provided By Client
|
:
|
N/A
|
|
Current
Telephone Number
|
:
|
65-65348607
|
|
Match
|
:
|
N/A
|
|
|
|
|
Address
Provided by Client
|
:
|
120 TELOK AYER
STREET SINGAPORE 068589
|
|
Current
Address
|
:
|
120 TELOK AYER
STREET, 068589, SINGAPORE.
|
|
Match
|
:
|
YES
|
|
|
|
Other
Investigations
On 14th October 2014 we contacted one of the staff from the Subject's
registered office and she only provided limited information.
She refused to disclose the number of employees.
|
Profitability
|
|
|
|
|
|
|
|
Turnover
|
:
|
Increased
|
[
|
2010 - 2013
|
]
|
|
|
Profit/(Loss)
Before Tax
|
:
|
Increased
|
[
|
2010 - 2013
|
]
|
|
|
Return on
Shareholder Funds
|
:
|
Favourable
|
[
|
53.61%
|
]
|
|
|
Return on Net
Assets
|
:
|
Favourable
|
[
|
61.42%
|
]
|
|
|
|
|
|
|
|
|
|
The Subject's
turnover increased steadily as the demand for its products / services
increased due to the goodwill built up over the years.The higher profit could
be attributed to the increase in turnover. Generally the Subject was
profitable. The favourable return on shareholders' funds and return on net
assets indicate that the Subject's management was efficient in utilising
the assets to generate returns.
|
|
|
|
|
|
|
|
|
Working
Capital Control
|
|
|
|
|
|
|
|
Stock Ratio
|
:
|
Nil
|
[
|
0 Days
|
]
|
|
|
Debtor Ratio
|
:
|
Favourable
|
[
|
4 Days
|
]
|
|
|
Creditors
Ratio
|
:
|
Favourable
|
[
|
3 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
|
[
|
1.52 Times
|
]
|
|
|
Current Ratio
|
:
|
Unfavourable
|
[
|
1.52 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
|
:
|
Favourable
|
[
|
23,507.50
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 :
|
|
|
|
|
|
|
|
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. 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 : STRONG
|
|
|
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 :
|
TRADING
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|
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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.
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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.
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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%.
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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.
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OVERALL
INDUSTRY OUTLOOK : AVERAGE GROWTH
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CREDIT
RISK EVALUATION & RECOMMENDATION
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Incorporated in 2009, the Subject is a Private Limited company, focusing on
trading of fertilizers. 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. Presently,
the issued and paid up capital of the Subject stands at SGD 1,000. However,
having strong support from its holding company has enabled the Subject to
remain competitive despite the challenging business environment.
Overall, we regard that the Subject's management capability is average.
This indicates that the Subject has greater potential to improve its
business performance and raising income for the Subject.
We noted that both the turnover and profits have increased compared to the
previous year. The higher profit could be due to increase in turnover and
better control over its operating costs. Based on the higher profitability,
the Subject has generated a favourable return based on its existing
shareholders' funds which indicated that the management was efficient in
utilising its funds to generate income. The Subject is in good liquidity
position with its current liabilities well covered by it current assets.
Hence, it has sufficient working capital to meet its short term financial
obligations. Being a zero geared company, the Subject virtually has no
financial risk as it is mainly dependent on its internal funds to finance
its business. Given a positive net worth standing at SGD 1,990,217, the
Subject should be able to maintain its business in the near terms.
Having a strong assets backing, the Subject possesses latent assets as
collateral for further financial extension. Hence, it has good chance of
getting loans if the needs arises.
We regard that the Subject's overall payment habit is prompt. The Subject
had a favourable creditors' ratio as evidenced by its favourable collection
days.
The industry shows an upward trend and this trend is very likely to sustain
in the near terms. Hence, the Subject is expected to benefit from the
favourable outlook of the industry.
In view of the above favourable condition, we recommend credit be proceeded
to the Subject with favourable term.
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THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS.
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CONTINENTAL
TRADERS PTE. LTD.
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Financial
Year End
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2013-03-31
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2012-03-31
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2011-03-31
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2010-03-31
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Months
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12
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12
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12
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6
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Consolidated
Account
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Company
|
Company
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Company
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Company
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Audited
Account
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YES
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YES
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YES
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YES
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Unqualified
Auditor's Report (Clean Opinion)
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YES
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YES
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YES
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YES
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Financial Type
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FULL
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FULL
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FULL
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FULL
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Currency
|
USD
|
USD
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USD
|
USD
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TURNOVER
|
439,448,675
|
300,189,842
|
85,371,638
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-
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Other Income
|
163,698
|
130,980
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-
|
-
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----------------
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----------------
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----------------
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----------------
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Total Turnover
|
439,612,373
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300,320,822
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85,371,638
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-
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Costs of Goods
Sold
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(436,611,730)
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(293,688,511)
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(83,909,973)
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-
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----------------
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----------------
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----------------
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----------------
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Gross Profit
|
3,000,643
|
6,632,311
|
1,461,665
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-
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----------------
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----------------
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----------------
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----------------
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PROFIT/(LOSS)
FROM OPERATIONS
|
1,222,338
|
728,261
|
323,790
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(3,522)
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----------------
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----------------
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----------------
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----------------
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PROFIT/(LOSS)
BEFORE TAXATION
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1,222,338
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728,261
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323,790
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(3,522)
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Taxation
|
(155,355)
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(96,889)
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(29,120)
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-
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----------------
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----------------
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----------------
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----------------
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PROFIT/(LOSS)
AFTER TAXATION
|
1,066,983
|
631,372
|
294,670
|
(3,522)
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----------------
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----------------
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----------------
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----------------
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RETAINED
PROFIT/(LOSS) BROUGHT FORWARD
|
|
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As previously
reported
|
922,520
|
291,148
|
(3,522)
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-
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----------------
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----------------
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----------------
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----------------
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As restated
|
922,520
|
291,148
|
(3,522)
|
-
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----------------
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----------------
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----------------
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----------------
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PROFIT
AVAILABLE FOR APPROPRIATIONS
|
1,989,503
|
922,520
|
291,148
|
(3,522)
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----------------
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----------------
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----------------
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----------------
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RETAINED
PROFIT/(LOSS) CARRIED FORWARD
|
1,989,503
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922,520
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291,148
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(3,522)
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=============
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=============
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=============
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=============
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INTEREST
EXPENSE (as per notes to P&L)
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|
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Others
|
52
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11
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-
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-
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----------------
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----------------
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----------------
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----------------
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52
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11
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-
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-
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=============
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=============
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CONTINENTAL
TRADERS PTE. LTD.
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Trade debtors
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5,346,969
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4,206,235
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-
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-
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Other debtors,
deposits & prepayments
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432,147
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-
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-
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-
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Short term
deposits
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-
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-
|
250,000
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-
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Cash &
bank balances
|
12,926
|
1,452,388
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59,244
|
1,915
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Others
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-
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-
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361,862
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-
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----------------
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----------------
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----------------
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----------------
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TOTAL CURRENT
ASSETS
|
5,792,042
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5,658,623
|
671,106
|
1,915
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----------------
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----------------
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----------------
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----------------
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TOTAL ASSET
|
5,792,042
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5,658,623
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671,106
|
1,915
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=============
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=============
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=============
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=============
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CURRENT
LIABILITIES
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Trade
creditors
|
3,604,158
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4,560,936
|
323,326
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-
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Other
creditors & accruals
|
32,165
|
28,444
|
11,798
|
-
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Amounts owing
to holding company
|
-
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-
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-
|
4,723
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Provision for
taxation
|
145,502
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126,009
|
29,120
|
-
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Other
liabilities
|
20,000
|
20,000
|
15,000
|
-
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----------------
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----------------
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----------------
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----------------
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TOTAL CURRENT
LIABILITIES
|
3,801,825
|
4,735,389
|
379,244
|
4,723
|
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----------------
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----------------
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----------------
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----------------
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NET CURRENT
ASSETS/(LIABILITIES)
|
1,990,217
|
923,234
|
291,862
|
(2,808)
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----------------
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----------------
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----------------
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----------------
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TOTAL NET
ASSETS
|
1,990,217
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923,234
|
291,862
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(2,808)
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=============
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=============
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=============
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=============
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SHARE CAPITAL
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Ordinary share
capital
|
714
|
714
|
714
|
714
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----------------
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----------------
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----------------
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----------------
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TOTAL SHARE
CAPITAL
|
714
|
714
|
714
|
714
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Retained
profit/(loss) carried forward
|
1,989,503
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922,520
|
291,148
|
(3,522)
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----------------
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----------------
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----------------
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----------------
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TOTAL RESERVES
|
1,989,503
|
922,520
|
291,148
|
(3,522)
|
|
|
|
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----------------
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----------------
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----------------
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----------------
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SHAREHOLDERS'
FUNDS/EQUITY
|
1,990,217
|
923,234
|
291,862
|
(2,808)
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|
|
|
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|
----------------
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----------------
|
----------------
|
----------------
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|
1,990,217
|
923,234
|
291,862
|
(2,808)
|
|
=============
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=============
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=============
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=============
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CONTINENTAL
TRADERS PTE. LTD.
|
|
TYPES OF FUNDS
|
|
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Cash
|
12,926
|
1,452,388
|
309,244
|
1,915
|
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Net Liquid
Funds
|
12,926
|
1,452,388
|
309,244
|
1,915
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Net Liquid
Assets
|
1,990,217
|
923,234
|
291,862
|
(2,808)
|
|
Net Current
Assets/(Liabilities)
|
1,990,217
|
923,234
|
291,862
|
(2,808)
|
|
Net Tangible
Assets
|
1,990,217
|
923,234
|
291,862
|
(2,808)
|
|
Net Monetary
Assets
|
1,990,217
|
923,234
|
291,862
|
(2,808)
|
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BALANCE SHEET
ITEMS
|
|
|
|
|
|
Total
Borrowings
|
0
|
0
|
0
|
0
|
|
Total
Liabilities
|
3,801,825
|
4,735,389
|
379,244
|
4,723
|
|
Total Assets
|
5,792,042
|
5,658,623
|
671,106
|
1,915
|
|
Net Assets
|
1,990,217
|
923,234
|
291,862
|
(2,808)
|
|
Net Assets
Backing
|
1,990,217
|
923,234
|
291,862
|
(2,808)
|
|
Shareholders'
Funds
|
1,990,217
|
923,234
|
291,862
|
(2,808)
|
|
Total Share
Capital
|
714
|
714
|
714
|
714
|
|
Total Reserves
|
1,989,503
|
922,520
|
291,148
|
(3,522)
|
|
LIQUIDITY
(Times)
|
|
|
|
|
|
Cash Ratio
|
0.00
|
0.31
|
0.82
|
0.41
|
|
Liquid Ratio
|
1.52
|
1.19
|
1.77
|
0.41
|
|
Current Ratio
|
1.52
|
1.19
|
1.77
|
0.41
|
|
WORKING
CAPITAL CONTROL (Days)
|
|
|
|
|
|
Stock Ratio
|
0
|
0
|
0
|
0
|
|
Debtors Ratio
|
4
|
5
|
0
|
0
|
|
Creditors
Ratio
|
3
|
6
|
1
|
0
|
|
SOLVENCY
RATIOS (Times)
|
|
|
|
|
|
Gearing Ratio
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Liabilities
Ratio
|
1.91
|
5.13
|
1.30
|
(1.68)
|
|
Times Interest
Earned Ratio
|
23,507.50
|
66,206.55
|
0.00
|
0.00
|
|
Assets Backing
Ratio
|
2,787.42
|
1,293.04
|
408.77
|
(3.93)
|
|
PERFORMANCE
RATIO (%)
|
|
|
|
|
|
Operating
Profit Margin
|
0.28
|
0.24
|
0.38
|
0.00
|
|
Net Profit
Margin
|
0.24
|
0.21
|
0.35
|
0.00
|
|
Return On Net
Assets
|
61.42
|
78.88
|
110.94
|
125.43
|
|
Return On
Capital Employed
|
61.42
|
78.88
|
110.94
|
125.43
|
|
Return On
Shareholders' Funds/Equity
|
53.61
|
68.39
|
100.96
|
125.43
|
|
Dividend Pay
Out Ratio (Times)
|
0.00
|
0.00
|
0.00
|
0.00
|
|
NOTES TO
ACCOUNTS
|
|
|
|
|
|
Contingent
Liabilities
|
0
|
0
|
0
|
0
|
|