|
Report Date : |
03.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MERCURIA ENERGY TRADING PTE. LTD. |
|
|
|
|
Registered Office : |
12, Marina View, 26-01, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.06.2004 |
|
|
|
|
Com. Reg. No.: |
200406884-M |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Commodity Products |
|
|
|
|
No. of Employees : |
40 |
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 : |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly developed
and successful free-market economy. It enjoys a remarkably open and
corruption-free environment, stable prices, and a per capita GDP higher than
that of most developed countries. The economy depends heavily on exports,
particularly in consumer electronics, information technology products,
pharmaceuticals, and on a growing financial services sector. The economy
contracted 0.6% in 2009 as a result of the global financial crisis, but
rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to
in 2011-13, largely a result of soft demand for exports during the second
European recession. Over the longer term, the government hopes to establish a
new growth path that focuses on raising productivity. Singapore has attracted
major investments in pharmaceuticals and medical technology production and will
continue efforts to establish Singapore as Southeast Asia's financial and
high-tech hub
|
Source
: CIA |
|
REGISTRATION NO. |
: |
200406884-M |
||||
|
COMPANY NAME |
: |
MERCURIA ENERGY
TRADING PTE. LTD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
03/06/2004 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
12, MARINA VIEW, 26-01, ASIA SQUARE TOWER
2, 018961, SINGAPORE. |
||||
|
BUSINESS ADDRESS |
: |
12 MARINA VIEW, #26-01 ASIA SQUARE TOWER
2,, 018961, SINGAPORE. |
||||
|
TEL.NO. |
: |
65-64162080 |
||||
|
FAX.NO. |
: |
65-68830560 |
||||
|
CONTACT PERSON |
: |
HO WEI CHANG ( MANAGING DIRECTOR ) |
||||
|
|
|
|
||||
|
|
|
|
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF COMMODITY PRODUCTS |
||||
|
|
|
|
||||
|
ISSUED AND PAID UP CAPITAL |
: |
18,000,000.00 ORDINARY SHARE, OF A VALUE
OF USD 18,000,000.00 |
||||
|
|
|
|
||||
|
SALES |
: |
USD 40,921,749,000 [2013] |
||||
|
NET WORTH |
: |
USD 55,553,000 [2013] |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
40 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
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
commodity products.
The immediate holding company of the Subject is MERCURIA ASIA GROUP
HOLDINGS (PTE.) LTD., a company incorporated in SINGAPORE.
The ultimate holding company of the Subject is MERCURIA ENERGY GROUP
LIMITED, a company incorporated in CYPRUS.
Share Capital History
|
Date |
Issue & Paid
Up Capital |
|
04/08/2014 |
USD 18,000,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MERCURIA ASIA GROUP HOLDINGS (PTE.) LTD. |
12, MARINA VIEW, 26-01, ASIA SQUARE TOWER
2, 018961, SINGAPORE. |
201207804 |
18,000,000.00 |
100.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
18,000,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
(%) |
As At |
|
|
UNITED ARAB EMIRATES (DUBAI) |
MERQUR TRADING, DMCC |
100.00 |
31/12/2012 |
|
|
|
|
|
|
|
201001188D |
SINGAPORE |
MERCURIA PTE. LTD. |
100.00 |
31/12/2012 |
|
|
|
|
|
|
|
|
UNITED ARAB EMIRATES (DUBAI) |
MERCURIA ENERGY TRADING MIDDLE EAST DMCC |
100.00 |
31/12/2012 |
|
|
|
|
|
|
|
|
CHINA |
MERCURIA INVESTMENT CONSULTING (BEIJING)
CO. LTD |
100.00 |
31/12/2012 |
|
|
|
|
|
|
|
|
CHINA |
MERCURIA ENERGY TRADING (BEIJING) CO. LTD |
100.00 |
31/12/2012 |
|
|
|
|
|
|
DIRECTOR 1
|
Name Of Subject |
: |
HONG ZHU |
|
Address |
: |
2, CHEMIN DES VOIRONS, 1224, CHENE‑BOUGERIES,
GENEVA, SWITZERLAND. |
|
IC / PP No |
: |
761242997 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
BRITISH |
|
Date of Appointment |
: |
23/06/2009 |
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
HAN JIN |
|
Address |
: |
CH. GRANGE-FALQUET 46, 1224,
CHENE-BOUGERIES, 048619, SWITZERLAND. |
|
IC / PP No |
: |
F2102500M |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
BRITISH |
|
Date of Appointment |
: |
27/09/2007 |
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
HO WEI CHANG |
|
Address |
: |
16, LEEDON PARK, 267892, SINGAPORE. |
|
IC / PP No |
: |
S1655617C |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
13/07/2004 |
DIRECTOR 4
|
Name Of Subject |
: |
SIMON JOHN GOSLAR |
|
Address |
: |
14, CHEMIN MALOMBRE, GENEVE, 1206,
SWITZERLAND. |
|
IC / PP No |
: |
M5041137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
AUSTRALIAN |
|
Date of Appointment |
: |
26/06/2013 |
|
|
|
|
DIRECTOR 5
|
Name Of Subject |
: |
ESTELLA SHI JINBO |
|
Address |
: |
973, BUKIT TIMAH ROAD, 04-27, FLORIDIAN,
589648, SINGAPORE. |
|
IC / PP No |
: |
S2682707H |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/08/2012 |
|
|
|
|
DIRECTOR 6
|
Name Of Subject |
: |
EVELYN TAY EE MEI |
|
Address |
: |
38, FARRER ROAD, 07-04, THE, LEVEL Z,
268836, SINGAPORE. |
|
IC / PP No |
: |
S7213406J |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/08/2012 |
|
|
|
|
DIRECTOR 7
|
Name Of Subject |
: |
MICHAEL JOHN LIVINGSTONE |
|
Address |
: |
95, GRANGE ROAD, 12-11, GRANGE RESIDENCES,
249616, SINGAPORE. |
|
IC / PP No |
: |
S7585921Z |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
01/08/2012 |
|
1) |
Name of Subject |
: |
HO WEI CHANG |
|
|
Position |
: |
MANAGING DIRECTOR |
|
Auditor |
: |
PRICEWATERHOUSECOOPERS LLP |
|
Auditor' Address |
: |
N/A |
|
|
|
|
|
1) |
Company Secretary |
: |
LOH LEE ENG |
|
|
IC / PP No |
: |
S1289585B |
|
|
|
|
|
|
|
Address |
: |
13D, NIM ROAD, ESTE VILLA, 804983,
SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2) |
Company Secretary |
: |
ABDUL JABBAR BIN KARAM DIN |
|
|
IC / PP No |
: |
S6936625B |
|
|
|
|
|
|
|
Address |
: |
21, SIGLAP HILL, FARNKEL ESTATE, 456076,
SINGAPORE. |
|
|
|
|
|
|
|
|
|
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
ABN AMRO BANK N.V. |
|
|
|
|
|
|
|
|
|
|
|
2) |
Name |
: |
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LTD |
|
|
|
|
|
|
|
|
|
|
|
3) |
Name |
: |
BNP PARIBAS |
|
|
|
|
|
|
|
|
|
|
|
4) |
Name |
: |
DBS BANK LTD |
|
|
|
|
|
|
|
|
|
|
|
5) |
Name |
: |
FIRST GULF BANK PJSC |
|
|
|
|
|
|
|
|
|
|
|
6) |
Name |
: |
HSH NORDBANK AG |
|
|
|
|
|
|
|
|
|
|
|
7) |
Name |
: |
ING BANK N. V. |
|
|
|
|
|
|
|
|
|
|
|
8) |
Name |
: |
JP MORGAN CHASE BANK N.A. |
|
|
|
|
|
|
|
|
|
|
|
9) |
Name |
: |
NATIXIS |
|
|
|
|
|
|
|
|
|
|
|
10) |
Name |
: |
SOCIETE GENERALE |
|
|
|
|
|
|
|
|
|
|
|
11) |
Name |
: |
STANDARD CHARTERED BANK |
|
|
|
|
|
|
|
|
|
|
|
12) |
Name |
: |
THE BANK OF TOKYO LTD |
|
|
|
|
|
|
|
|
|
|
|
13) |
Name |
: |
THE ROYAL BANK OF SCOTLAND BHD |
|
|
|
|
|
|
|
|
|
|
|
14) |
Name |
: |
UNITED OVERSEAS BANK LTD |
|
|
|
|
|
|
|
|
|
|
|
15) |
Name |
: |
FORTIS BANK S.A./N.V. |
|
|
|
|
|
|
|
|
|
|
|
16) |
Name |
: |
COOPERATIEVE CENTRALE
RAIFFEISEN-BOERENLEENBANK B.A. |
|
|
|
|
|
|
|
|
|
|
|
17) |
Name |
: |
SUMITOMO MITSUI BANKING CORPORATION
SINGAPORE BRANCH |
|
|
|
|
|
|
|
|
|
|
|
18) |
Name |
: |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED |
|
|
|
|
|
|
|
|
|
|
|
19) |
Name |
: |
UNITED OVERSEAS BANK LIMITED |
|
|
|
|
|
|
|
|
|
|
|
20) |
Name |
: |
ING BANK N.V. |
|
|
|
|
|
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
C200600632 |
25/01/2006 |
N/A |
BNP PARIBAS |
- |
Unsatisfied |
|
C200601758 |
17/03/2006 |
N/A |
FORTIS BANK S.A./N.V. |
- |
Unsatisfied |
|
C200601759 |
17/03/2006 |
N/A |
FORTIS BANK S.A/N.V |
- |
Unsatisfied |
|
C200601983 |
27/03/2006 |
N/A |
ING BANK N.V. |
- |
Unsatisfied |
|
C200605257 |
10/08/2006 |
N/A |
COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK
B.A. |
- |
Unsatisfied |
|
C200605836 |
30/08/2006 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C200605837 |
30/08/2006 |
N/A |
UNITED OVERSEAS BANK LIMITED |
- |
Unsatisfied |
|
C200608086 |
29/11/2006 |
N/A |
HSH NORDBANK AG |
- |
Unsatisfied |
|
C200700051 |
04/01/2007 |
N/A |
SUMITOMO MITSUI BANKING CORPORATION
SINGAPORE BRANCH |
- |
Unsatisfied |
|
C200700052 |
04/01/2007 |
N/A |
SUMITOMO MITSUI BANKING CORPORATION
SINGAPORE BRANCH |
- |
Unsatisfied |
|
C200702274 |
26/03/2007 |
N/A |
CREDIT AGRICOLE CORPORATE AND INVESTMENT
BANK |
- |
Unsatisfied |
|
C200707902 |
21/09/2007 |
N/A |
SOCIETE GENERALE |
- |
Unsatisfied |
|
C200707962 |
24/09/2007 |
N/A |
SOCIETE GENERALE |
- |
Unsatisfied |
|
C200710458 |
28/11/2007 |
N/A |
COOPERATIEVE CENTRALE RAIFFEISEN
BOERENLEENBANK B.A. |
- |
Unsatisfied |
|
C200900873 |
04/02/2009 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C200900876 |
04/02/2009 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201002491 |
24/03/2010 |
N/A |
NATIXIS |
- |
Unsatisfied |
|
C201006096 |
16/07/2010 |
N/A |
THE BANK OF TOKYO MITSUBISHI UFJ, LTD. |
- |
Unsatisfied |
|
C201006097 |
16/07/2010 |
N/A |
THE BANK OF TOKYO MITSUBISHI UFJ, LTD. |
- |
Unsatisfied |
|
C201006480 |
28/07/2010 |
N/A |
INDUSTRIAL AND COMMERCIAL BANK OF CHINA
LIMITED |
- |
Unsatisfied |
|
C201007342 |
20/08/2010 |
N/A |
RAIFFEISEN-ZENTRALBANK OESTERREICH
AKTIENGESELLSCHAFT |
- |
Unsatisfied |
|
C201010343 |
02/11/2010 |
N/A |
CHINATRUST COMMERCIAL BANK CO., LTD. |
- |
Unsatisfied |
|
C201010383 |
02/11/2010 |
N/A |
CHINATRUST COMMERCIAL BANK CO., LTD. |
- |
Unsatisfied |
|
C201011370 |
25/11/2010 |
N/A |
UNION DE BANQUES ARABES ET FRANCAISES-UBAF |
- |
Unsatisfied |
|
C201100706 |
14/01/2011 |
N/A |
SOCIETE GENERALE |
- |
Unsatisfied |
|
C201103736 |
25/03/2011 |
N/A |
DBS BANK LTD. |
- |
Unsatisfied |
|
C201105451 |
04/05/2011 |
N/A |
OVERSEAS-CHINESE BANKING CORPORATION
LIMITED |
- |
Unsatisfied |
|
C201110724 |
26/08/2011 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201110731 |
26/08/2011 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201110866 |
31/08/2011 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201110877 |
31/08/2011 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201111040 |
08/09/2011 |
N/A |
THE ROYAL BANK OF SCOTLAND N.V |
- |
Unsatisfied |
|
C201111729 |
20/09/2011 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201113024 |
17/10/2011 |
N/A |
THE ROYAL BANK OF SCOTLAND N.V. |
- |
Unsatisfied |
|
C201113389 |
24/10/2011 |
N/A |
SOCIETE GENERALE |
- |
Unsatisfied |
|
C201113554 |
27/10/2011 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201114633 |
21/11/2011 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201115756 |
16/12/2011 |
N/A |
ABN AMRO BANK N.V. |
- |
Unsatisfied |
|
C201202476 |
06/03/2012 |
N/A |
ING BANK N. V. |
- |
Unsatisfied |
|
C201204923 |
04/05/2012 |
N/A |
FIRST GULF BANK PJSC |
- |
Unsatisfied |
|
C201205628 |
23/05/2012 |
N/A |
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED |
- |
Unsatisfied |
|
C201205769 |
23/05/2012 |
N/A |
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED |
- |
Unsatisfied |
|
C201208806 |
03/08/2012 |
N/A |
HSBC FRANCE |
- |
Unsatisfied |
|
C201208808 |
03/08/2012 |
N/A |
HSBC FRANCE |
- |
Unsatisfied |
|
C201214650 |
12/12/2012 |
N/A |
JPMORGAN CHASE BANK, N.A. |
- |
Unsatisfied |
|
C201307580 |
05/06/2013 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201307826 |
10/06/2013 |
N/A |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED |
- |
Unsatisfied |
|
C201307827 |
10/06/2013 |
N/A |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED |
- |
Unsatisfied |
|
C201307934 |
12/06/2013 |
N/A |
FIRST GULF BANK PJSC |
- |
Unsatisfied |
|
C201311912 |
30/08/2013 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201312874 |
19/09/2013 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201314336 |
23/10/2013 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201315251 |
12/11/2013 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201315256 |
13/11/2013 |
N/A |
DBS BANK LTD. |
- |
Unsatisfied |
|
C201315718 |
23/11/2013 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201316083 |
03/12/2013 |
N/A |
ABN AMRO BANK N.V AMSTERDAM BRANCH |
- |
Unsatisfied |
|
C201400035 |
02/01/2014 |
N/A |
STANDARD CHARTERED BANK |
- |
Unsatisfied |
|
C201402975 |
21/03/2014 |
N/A |
SOCIETE GENERALE |
- |
Unsatisfied |
|
C201406312 |
25/06/2014 |
N/A |
COOPERATIEVE CENTRALE
RAIFFEISENBOERENLEENBANK B.A |
- |
Unsatisfied |
|
C201406342 |
26/06/2014 |
N/A |
UNICREDIT BANK AG |
- |
Unsatisfied |
|
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.
|
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 |
: |
COMMODITY PRODUCTS
|
|
|
|
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
|
|
|
|
|
|
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
|
|
|
|
|
|
|
COMPANY |
40 |
40 |
40 |
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of commodity
products.
Mercuria is a privately-owned international group of companies active over a
wide spectrum of global energy markets including crude oil and refined
petroleum products, natural gas (including LNG), power, coal, biodiesel,
vegetable oils and carbon emissions.
Mercuria's trading activities span a wide range of energy products:
- Crude oil
- Fuel oil
- Middle distillate (VGO, Diesel, Heating oil, Jet and Kerosene)
- Gasoline and naphta
- Power
- Natural gas, including LNG
- Biofuels
- Vegetable oils
- Coal
- Carbon emissions certificates
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
65-6416-2080 |
|
Current Telephone Number |
: |
65-64162080 |
|
Match |
: |
YES |
|
|
|
|
|
Address Provided by Client |
: |
12 MARINA VIEW #26-01, ASIA SQUARE TOWER
2, SINGAPORE 018961 |
|
Current Address |
: |
12 MARINA VIEW, #26-01 ASIA SQUARE TOWER
2,, 018961, SINGAPORE. |
|
Match |
: |
YES |
|
|
|
|
Other
Investigations
On 28th August 2014 we contacted one of the staff from the Subject and she
provided some information.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Increased |
[ |
2009 - 2013 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2009 - 2013 |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
34.35% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(202.08%) |
] |
|
|
|
|
|
|
|
|
|
|
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 |
: |
Favourable |
[ |
18 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
25 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
26 Days |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in 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 |
: |
Unfavourable |
[ |
0.63 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.99 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 |
: |
Unfavourable |
[ |
0.84 Times |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
26.18 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's interest cover was low. If
its profits fall or when interest rate rises, it may not be able to
meet all its interest payment. The Subject was highly geared, thus it had a
high financial risk. The Subject was dependent on loans to finance its
business needs. In times of economic downturn and / or high interest rate,
the Subject will become less profitable and competitive than other firms in
the same industry, which are lowly geared. This is because the Subject has to
service the interest and to repay the loan, which will erode part of its
profits. The profits will fluctuate depending on the Subject's turnover and
the interest it needs to pay. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall
Assessment : |
|
|
|
|
|
|
|
Generally, the Subject's performance has improved
with higher 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. If there is a fall in the Subject's profit or any increase in
interest rate, the Subject may not be able to generate sufficient cash-flow
to service its interest. The Subject's gearing level was high and its going
concern will be in doubt if there is no injection of additional shareholders'
funds in times of economic downturn and / or high interest rates. |
||||||
|
|
|
|
|
|
|
|
|
Overall
financial condition of the Subject : LIMITED |
||||||
|
Major Economic
Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|
|
|
|
|
|
Population (Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|
|
|
|
|
|
Unemployment Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|
|
|
|
|
|
Registration of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|
|
|
|
|
|
Registration of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|
|
|
|
|
|
Bankruptcy Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|
|
|
|
|
|
INDUSTRIES ( %
of Growth ) : |
|
|
|
|
|
|
Agriculture |
|
|
|
|
|
|
Production of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|
|
|
|
|
|
Manufacturing * |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food, Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood & Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper & Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing & Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical & Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber & Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery & Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|
|
|
|
|
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|
|
|
|
|
|
Services |
|
|
|
|
|
|
Electricity, Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport, Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance & Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|
|
|
|
|
|
* Based on Index of Industrial Production
(2011 = 100) |
|
|
|
|
|
|
(Source : Department of Statistics) |
|
|
|
|
|
|
INDUSTRY : |
TRADING |
|
|
|
|
|
|
|
The wholesale and retail trade sector
contracted by 1.5% in the fourth quarter of 2012, extending the 0.2% decline
in the preceding quarter. For the whole of 2012, the sector declined by 0.7%,
reversing the 1.6% growth in 2011. The sector was weighed down primarily by
the wholesale trade segment. In 2012, the wholesale trade segment contracted
by 1.0%, a reversal from the 1.4% growth in 2011. Growth of the retail trade
segment also moderated to 2.0%, from 3.2% in the year 2011. |
|
|
|
|
|
The domestic wholesale trade index grew by
1.2% in the fourth quarter of 2012, an improvement from the 5.4% decline in
the third quarter. This was partly due to an increase in the sales of
chemicals & chemical products and ship chandlers & bunkering. For the
full year of 2012, the domestic wholesale trade index contracted by 2.2%,
extending the 1.7% decline in 2011. The foreign wholesale trade index grew by
8.6% in the fourth quarter, an increase from the 6.6% growth in the third
quarter. The expansion was partly due to resilient sales of petroleum &
petroleum products. For the whole of 2012, the foreign wholesale trade index
expanded by 9.1%, faster than the 4.3% increase in 2011. |
|
|
|
|
|
In the fourth quarter of 2012, retail
sales volume declined by 2.0%, extending the 0.3% decline in the third
quarter. Excluding motor vehicles, retail sales volume grew by 0.4%, a slight
moderation compared to the 1.5% gain in the third quarter of 2012. The sales
volume of motor vehicles fell by 11% in the fourth quarter of 2012, after
contracting by 6.1% in the third quarter. The sales of several discretionary
items also declined in the fourth quarter. Besides, the sales of optical
goods & books in 2012 fell by 3.6%, while the sales of telecommunications
apparatus & computers declined by 1.4%. |
|
|
|
|
|
For 2012 as a whole, retail sales volume
grew by 1.3%, compared to the 2.0% expansion in 2011. Excluding motor vehicle
sales, the increase in retail sales volume also moderated from 5.4% in 2011
to 1.7% in 2012. Medical goods & toiletries registered the largest
increase (9.3%) in sales, followed by telecommunications apparatus &
computers (6.9%). By contrast, the sales of watches & jewellery (-2.2%)
and optical goods & books (-3.6%) declined. |
|
|
|
|
|
|
|
|
OVERALL INDUSTRY
OUTLOOK : AVERAGE GROWTH |
|
|
|
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING
STANDARDS. |
|
MERCURIA ENERGY TRADING
PTE. LTD. |
|
Financial Year End |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
USD |
USD |
USD |
USD |
USD |
|
|
|
|
|
|
|
|
TURNOVER |
40,921,749,000 |
21,821,290,000 |
16,121,893,000 |
11,480,276,000 |
5,886,688,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
40,921,749,000 |
21,821,290,000 |
16,121,893,000 |
11,480,276,000 |
5,886,688,000 |
|
Costs of Goods Sold |
(40,675,225,000) |
(21,691,239,000) |
(16,040,904,000) |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Gross Profit |
246,524,000 |
130,051,000 |
80,989,000 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
21,201,000 |
9,218,000 |
6,402,000 |
3,242,000 |
2,241,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
21,201,000 |
9,218,000 |
6,402,000 |
3,242,000 |
2,241,000 |
|
Taxation |
(2,116,000) |
(503,000) |
(683,000) |
(737,000) |
(414,000) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
19,085,000 |
8,715,000 |
5,719,000 |
2,505,000 |
1,827,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
18,767,000 |
10,052,000 |
4,333,000 |
1,828,000 |
1,678,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
18,767,000 |
10,052,000 |
4,333,000 |
1,828,000 |
1,678,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
37,852,000 |
18,767,000 |
10,052,000 |
4,333,000 |
3,505,000 |
|
DIVIDENDS - Ordinary (paid & proposed) |
- |
- |
- |
- |
(1,677,000) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
37,852,000 |
18,767,000 |
10,052,000 |
4,333,000 |
1,828,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
|
|
|
|
Term loan / Borrowing |
(95,399,000) |
22,762,000 |
23,420,000 |
8,941,000 |
- |
|
Others |
(38,061,000) |
18,568,000 |
17,601,000 |
19,716,000 |
8,503,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
(133,460,000) |
41,330,000 |
41,021,000 |
28,657,000 |
8,503,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
MERCURIA ENERGY TRADING
PTE. LTD. |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
424,000 |
905,000 |
920,000 |
819,000 |
795,000 |
|
|
|
|
|
|
|
|
LONG TERM
INVESTMENTS/OTHER ASSETS |
|
|
|
|
|
|
Subsidiary companies |
109,000 |
8,709,000 |
8,707,000 |
8,652,000 |
3,600,000 |
|
Investments |
2,000,000 |
- |
- |
- |
- |
|
Loans & advances - non-current |
110,048,000 |
101,931,000 |
68,374,000 |
64,439,000 |
- |
|
Others |
- |
- |
2,592,000 |
287,000 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
112,157,000 |
110,640,000 |
79,673,000 |
73,378,000 |
3,600,000 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
112,581,000 |
111,545,000 |
80,593,000 |
74,197,000 |
4,395,000 |
|
|
|
|
|
|
|
|
Stocks |
2,043,555,000 |
753,022,000 |
226,134,000 |
181,719,000 |
304,052,000 |
|
Trade debtors |
2,754,573,000 |
1,636,868,000 |
1,429,255,000 |
1,347,530,000 |
619,448,000 |
|
Other debtors, deposits & prepayments |
100,730,000 |
10,459,000 |
18,956,000 |
152,850,000 |
41,103,000 |
|
Short term deposits |
172,587,000 |
37,164,000 |
26,649,000 |
30,883,000 |
2,330,000 |
|
Loans & advances - current portion |
101,237,000 |
78,074,000 |
- |
- |
- |
|
Amount due from related companies |
28,113,000 |
317,145,000 |
448,615,000 |
416,256,000 |
23,365,000 |
|
Cash & bank balances |
249,376,000 |
48,484,000 |
12,947,000 |
4,639,000 |
11,709,000 |
|
Others |
230,603,000 |
76,503,000 |
76,000,000 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
5,680,774,000 |
2,957,719,000 |
2,238,556,000 |
2,133,877,000 |
1,002,007,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
5,793,355,000 |
3,069,264,000 |
2,319,149,000 |
2,208,074,000 |
1,006,402,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Trade creditors |
2,896,000,000 |
1,238,059,000 |
1,221,244,000 |
1,384,583,000 |
650,837,000 |
|
Other creditors & accruals |
11,460,000 |
12,487,000 |
8,597,000 |
146,782,000 |
4,792,000 |
|
Short term borrowings/Term loans |
1,454,139,000 |
733,171,000 |
295,996,000 |
476,046,000 |
- |
|
Other liabilities & accruals |
- |
- |
- |
- |
59,497,000 |
|
Amounts owing to holding company |
840,815,000 |
- |
- |
- |
- |
|
Amounts owing to related companies |
320,225,000 |
570,336,000 |
484,569,000 |
67,042,000 |
68,985,000 |
|
Provision for taxation |
1,104,000 |
343,000 |
742,000 |
187,000 |
438,000 |
|
Other liabilities |
214,059,000 |
78,400,000 |
60,248,000 |
- |
210,324,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
5,737,802,000 |
2,632,796,000 |
2,071,396,000 |
2,074,640,000 |
994,873,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
(57,028,000) |
324,923,000 |
167,160,000 |
59,237,000 |
7,134,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
55,553,000 |
436,468,000 |
247,753,000 |
133,434,000 |
11,529,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
18,000,000 |
18,000,000 |
18,000,000 |
18,000,000 |
10,000,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
18,000,000 |
18,000,000 |
18,000,000 |
18,000,000 |
10,000,000 |
|
|
|
|
|
|
|
|
Capital reserve |
(299,000) |
(299,000) |
(299,000) |
(299,000) |
(299,000) |
|
Retained profit/(loss) carried forward |
37,852,000 |
18,767,000 |
10,052,000 |
4,333,000 |
1,828,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
37,553,000 |
18,468,000 |
9,753,000 |
4,034,000 |
1,529,000 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
55,553,000 |
36,468,000 |
27,753,000 |
22,034,000 |
11,529,000 |
|
|
|
|
|
|
|
|
Long term loans |
- |
400,000,000 |
220,000,000 |
111,400,000 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
- |
400,000,000 |
220,000,000 |
111,400,000 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
55,553,000 |
436,468,000 |
247,753,000 |
133,434,000 |
11,529,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
MERCURIA ENERGY
TRADING PTE. LTD. |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Cash |
421,963,000 |
85,648,000 |
39,596,000 |
35,522,000 |
14,039,000 |
|
Net Liquid Funds |
421,963,000 |
85,648,000 |
39,596,000 |
35,522,000 |
14,039,000 |
|
Net Liquid Assets |
(2,100,583,000) |
(428,099,000) |
(58,974,000) |
(122,482,000) |
(296,918,000) |
|
Net Current Assets/(Liabilities) |
(57,028,000) |
324,923,000 |
167,160,000 |
59,237,000 |
7,134,000 |
|
Net Tangible Assets |
55,553,000 |
436,468,000 |
247,753,000 |
133,434,000 |
11,529,000 |
|
Net Monetary Assets |
(2,100,583,000) |
(828,099,000) |
(278,974,000) |
(233,882,000) |
(296,918,000) |
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Borrowings |
1,454,139,000 |
1,133,171,000 |
515,996,000 |
587,446,000 |
0 |
|
Total Liabilities |
5,737,802,000 |
3,032,796,000 |
2,291,396,000 |
2,186,040,000 |
994,873,000 |
|
Total Assets |
5,793,355,000 |
3,069,264,000 |
2,319,149,000 |
2,208,074,000 |
1,006,402,000 |
|
Net Assets |
55,553,000 |
436,468,000 |
247,753,000 |
133,434,000 |
11,529,000 |
|
Net Assets Backing |
55,553,000 |
36,468,000 |
27,753,000 |
22,034,000 |
11,529,000 |
|
Shareholders' Funds |
55,553,000 |
36,468,000 |
27,753,000 |
22,034,000 |
11,529,000 |
|
Total Share Capital |
18,000,000 |
18,000,000 |
18,000,000 |
18,000,000 |
10,000,000 |
|
Total Reserves |
37,553,000 |
18,468,000 |
9,753,000 |
4,034,000 |
1,529,000 |
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Cash Ratio |
0.07 |
0.03 |
0.02 |
0.02 |
0.01 |
|
Liquid Ratio |
0.63 |
0.84 |
0.97 |
0.94 |
0.70 |
|
Current Ratio |
0.99 |
1.12 |
1.08 |
1.03 |
1.01 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
|
|
|
Stock Ratio |
18 |
13 |
5 |
6 |
19 |
|
Debtors Ratio |
25 |
27 |
32 |
43 |
38 |
|
Creditors Ratio |
26 |
21 |
28 |
44 |
40 |
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Gearing Ratio |
26.18 |
31.07 |
18.59 |
26.66 |
0.00 |
|
Liabilities Ratio |
103.29 |
83.16 |
82.56 |
99.21 |
86.29 |
|
Times Interest Earned Ratio |
0.84 |
1.22 |
1.16 |
1.11 |
1.26 |
|
Assets Backing Ratio |
3.09 |
24.25 |
13.76 |
7.41 |
1.15 |
|
PERFORMANCE
RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
0.05 |
0.04 |
0.04 |
0.03 |
0.04 |
|
Net Profit Margin |
0.05 |
0.04 |
0.04 |
0.02 |
0.03 |
|
Return On Net Assets |
(202.08) |
11.58 |
19.14 |
23.91 |
93.19 |
|
Return On Capital Employed |
(202.08) |
11.58 |
19.14 |
23.91 |
93.19 |
|
Return On Shareholders' Funds/Equity |
34.35 |
23.90 |
20.61 |
11.37 |
15.85 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.92 |
|
NOTES TO
ACCOUNTS |
|
|
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.61 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.79.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.